Reserve Challenges | Explore Selective Insurance's recent financial performance, impacted by significant reserve charges in casualty lines, affecting profitability and market position |
Pricing Powe | Delve into SIGI's strong pricing strategy, implementing substantial rate increases to combat elevated loss trends and improve underwriting margins |
Market Valuation | Learn how SIGI's stock, trading at 1.72 times book value, presents a potential opportunity amid recent underperformance and reserving issues |
Future Prospects | Discover analysts' projections for SIGI, with price targets ranging from $92 to $105 and an expected 15% operating ROE for 2025, signaling potential recovery |
Metrics to compare | SIGI | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipSIGIPeersSector | |
|---|---|---|---|---|
P/E Ratio | 11.3x | 9.7x | 9.9x | |
PEG Ratio | 0.12 | −0.73 | 0.03 | |
Price/Book | 1.5x | 1.0x | 1.0x | |
Price / LTM Sales | 0.9x | 0.7x | 2.9x | |
Upside (Analyst Target) | 4.3% | 18.7% | 15.6% | |
Fair Value Upside | Unlock | 1.8% | 2.0% | Unlock |
Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of third-party bodily injury and/or property damage from an insured's negligent acts, omissions, and legal liabilities; property insurance products, which covers the accidental loss of an insured’s real property, personal property, and/or earnings due to the property's loss; and flood insurance products. The company also invests in fixed income investments and commercial mortgage loans, as well as equity securities, short-term investments, and alternative investments, and other investments. It offers its insurance products and services to businesses, non-profit organizations, local government agencies, and individuals through independent retail agents and wholesale general agents. Selective Insurance Group, Inc. was founded in 1926 and is headquartered in Branchville, New Jersey.