Aankondiging • Jul 14
Selective Insurance Group, Inc. to Report Q2, 2026 Results on Jul 23, 2026 Selective Insurance Group, Inc. announced that they will report Q2, 2026 results After-Market on Jul 23, 2026 Aankondiging • Apr 23
Selective Insurance Group, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on June 1, 2026 Selective Insurance Group, Inc. declared A quarterly cash dividend on common stock of $0.43 per common share payable on June 1, 2026, to holders of record as of May 15, 2026. Aankondiging • Apr 10
Selective Insurance Group, Inc. to Report Q1, 2026 Results on Apr 22, 2026 Selective Insurance Group, Inc. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026 Aankondiging • Mar 27
Selective Insurance Group, Inc., Annual General Meeting, Apr 29, 2026 Selective Insurance Group, Inc., Annual General Meeting, Apr 29, 2026. Aankondiging • Jan 30
Selective Insurance Group, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on March 2, 2026 Selective Insurance Group, Inc. Board of Directors declared a quarterly cash dividend on common stock of $0.43 per common share payable on March 2, 2026, to holders of record as of February 13, 2026. Aankondiging • Jan 13
Selective Insurance Group, Inc. to Report Q4, 2025 Results on Jan 29, 2026 Selective Insurance Group, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Jan 29, 2026 Aankondiging • Nov 12
Selective Insurance Group, Inc. Announces Executive Changes Selective Insurance Group, Inc. announced the planned retirement of Vincent Senia, Executive Vice President, Chief Actuary, effective January 2026. Mr. Senia has held the position since 2017 and has been instrumental in shaping Selective’s actuarial reserving, pricing, and planning strategies, as well as enhancing its data analytics capabilities. Mr. Senia joined Selective in 2010 as Senior Vice President, Actuarial Reserving, and he is a member of the American Academy of Actuaries and a Fellow of the Casualty Actuarial Society. Selective Insurance also announced that Nathan Rugge, Senior Vice President, Chief Corporate Actuary, Reserving, will assume the role of Executive Vice President, Chief Actuary upon Mr. Senia’s retirement. Mr. Rugge joined Selective in 2009 and has played a key role in the company’s pricing and reserving strategies. He has held various Actuarial roles of increasing responsibility, including Assistant Vice President, Personal Lines Pricing, and Senior Vice President, Actuarial Reserving. Mr. Rugge holds a bachelor’s degree in Actuarial Science and Finance from Rider University in New Jersey and a master’s degree in Analytics from Georgia Tech. He is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries. Aankondiging • Nov 04
Selective Insurance Group, Inc. Appoints Julie Parsons as Independent Director, Effective November 3, 2025 Selective Insurance Group, Inc. announced the appointment of Julie Parsons to its Board of Directors, effective November 3, 2025. With Ms. Parsons’ appointment, Selective’s Board will be comprised of 12 directors, 11 of whom are independent.
Ms. Parsons is a seasoned insurance executive with extensive experience in product development, digital transformation, and customer service. She recently retired from a 30-plus-year career at Allstate Corporation, where, in her most recent role as Executive Vice President and Chief Operating Officer, Property and Liability Insurance, she managed a global team of thousands of employees and was responsible for leading the company’s business insurance and brokerage operations and for transforming personal auto and homeowners insurance operations. Ms. Parsons began her career as an actuarial analyst and served in roles of increasing responsibility across the organization, including Executive Vice President of Product Operations, various senior product management positions, and Allstate’s first Vice President, Chief Actuary. She is a graduate of Purdue University in Indiana and holds a bachelor’s degree in actuarial science. Aankondiging • Oct 14
Selective Insurance Group, Inc. to Report Q3, 2025 Results on Oct 22, 2025 Selective Insurance Group, Inc. announced that they will report Q3, 2025 results After-Market on Oct 22, 2025 Aankondiging • Jul 31
Selective Insurance Group, Inc. Announces Resignation of Wole Coaxum from the Board of Directors, Effective Immediately On July 30, 2025, Wole Coaxum informed Selective Insurance Group, Inc. of his resignation from the Board of Directors, effective immediately. Mr. Coaxum’s decision to resign from the Board relates to other professional responsibilities – not any disagreement with the Company regarding its operations, policies, or practices. With Mr. Coaxum’s resignation, the Board size has been fixed at 11 directors, 10 of whom are independent. Aankondiging • Jul 24
Selective Insurance Group, Inc. Announces A Quarterly Cash Dividend, Payable on September 15, 2025 Selective Insurance Group, Inc. announced a quarterly cash dividend on common stock of $0.38 per common share that is payable September 2, 2025, to holders of record on August 15, 2025. Aankondiging • Jul 15
Selective Insurance Group, Inc. to Report Q2, 2025 Results on Jul 23, 2025 Selective Insurance Group, Inc. announced that they will report Q2, 2025 results on Jul 23, 2025 Aankondiging • May 14
Selective Insurance Group, Inc. Announces Retirement of Brenda M. Hall, Standard Lines EVP and COO, Effective January 5, 2026 Selective Insurance Group, Inc. announced that Brenda M. Hall, Executive Vice President and Chief Operating Officer, Standard Lines, has decided to retire effective January 5, 2026. Ms. Hall joined Selective in 2001 as the Underwriting Manager for Virginia. She was appointed to positions of increasing leadership responsibility, including serving as Field Operations Manager for the Chesapeake Region; Vice President of Underwriting for the Southern Region; Vice President, Director of Field Operations; and Senior Vice President, Chief Strategic Operations Officer, leading Business Intelligence, Marketing, Strategic Operations, and Distribution Strategies Training and Development, before being named Executive Vice President of Commercial Lines in 2019. She has held her current position since 2021. Aankondiging • Apr 24
Selective Insurance Group, Inc. Announces Quarterly Cash Dividend, Payable on June 2, 2025 Selective Insurance Group, Inc. announced quarterly cash dividend on common stock of $0.38 per common share that is payable June 2, 2025, to holders of record on May 15, 2025. Aankondiging • Apr 15
Selective Insurance Group, Inc. to Report Q1, 2025 Results on Apr 23, 2025 Selective Insurance Group, Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 23, 2025 Aankondiging • Mar 27
Selective Insurance Group, Inc., Annual General Meeting, Apr 30, 2025 Selective Insurance Group, Inc., Annual General Meeting, Apr 30, 2025. Aankondiging • Jan 15
Selective Insurance Group, Inc. to Report Q4, 2024 Results on Jan 29, 2025 Selective Insurance Group, Inc. announced that they will report Q4, 2024 results After-Market on Jan 29, 2025 Upcoming Dividend • Nov 11
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 15 November 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.0%). Declared Dividend • Oct 28
Third quarter dividend of US$0.38 announced Shareholders will receive a dividend of US$0.38. Ex-date: 15th November 2024 Payment date: 2nd December 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 100% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Oct 23
Selective Insurance Group, Inc. Updates Earnings Guidance for the Full Year 2024 Selective Insurance Group, Inc. updated earnings guidance for the full year 2024. The company's after-tax net investment income estimate of $360 million, including $32 million from alternative investments remains unchanged. New Risk • Oct 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.8% Last year net profit margin: 7.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Aankondiging • Oct 11
Selective Insurance Group, Inc. to Report Q3, 2024 Results on Oct 21, 2024 Selective Insurance Group, Inc. announced that they will report Q3, 2024 results After-Market on Oct 21, 2024 Aankondiging • Sep 25
Selective Insurance Group, Inc. Announces Chief Financial Officer Changes Selective Insurance Group, Inc. announced Patrick S. Brennan has been appointed as its chief financial officer, effective October 1, 2024. Tony Harnett, the company's current senior vice president, chief accounting officer, will continue in his role following his tenure as interim CFO. Brennan, who has nearly two decades of insurance industry and public company executive experience, previously spent 18 years at The Progressive Corporation, most recently as treasurer, responsible for the treasury, capital strategy, risk management, and investor relations functions. Brennan was previously commercial lines product manager and also served in a strategic role focused on the countrywide Business Auto and Contractors customer verticals. Having joined Progressive in 2006 as senior manager of Investor Relations, Brennan was earlier with IBM Corporation where he served in its Treasury department. Declared Dividend • Jul 29
Second quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 15th August 2024 Payment date: 3rd September 2024 Dividend yield will be 1.6%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 191% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 23
Second quarter 2024 earnings released: US$1.08 loss per share (vs US$0.93 profit in 2Q 2023) Second quarter 2024 results: US$1.08 loss per share (down from US$0.93 profit in 2Q 2023). Revenue: US$1.20b (up 15% from 2Q 2023). Net loss: US$65.6m (down 217% from profit in 2Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Aankondiging • Jul 19
Selective Insurance Group, Inc. Announces Quarterly Cash Dividend, Payable on September 3, 2024 Selective Insurance Group, Inc. announced quarterly cash dividend on common stock of $0.35 per common share that is payable September 3, 2024, to holders of record on August 15, 2024. Aankondiging • Jul 04
Selective Insurance Group, Inc. to Report Q2, 2024 Results on Jul 25, 2024 Selective Insurance Group, Inc. announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Aankondiging • Jul 02
Selective Insurance Group, Inc. Appoints Kate Sampson to its Board of Directors Selective Insurance Group, Inc. announced the appointment of Kate Sampson to the Board of Directors, effective July 1, 2024. Ms. Sampson is an insurance industry and technology specialist with over 25 years of experience in financial, operational, and management roles. She began her career at Marsh McLennan as a client executive in 1996, ultimately becoming head of the San Francisco/San Jose office. From 2014 to 2018, Sampson joined Lyft, the rideshare company, as its first vice president of risk solutions and developed its insurance programs. From 2019 to 2024, she was with Anthemis Group, a financial technology asset management firm, first as managing director and then as partner leading insurance technology venture investments. In 2019 Kate founded Merinn Advisors LLC, which provides strategic management and risk consulting services to innovative companies in the insurance, mobility and financial services industries. She has served on the boards or advisory boards of several technology firms, including Metabiota, Trov, Hedvig, Joshin, Inc., REIN, Vouch Insurance, Eigen Technologies, Kyte, and Elevate.inc., most related to Anthemis investments. Ms. Sampson also serves on the Duke University FinTech Advisory Board. She is a graduate of the University of Massachusetts at Amherst. With Ms. Sampson's appointment, Selective's Board of Directors will expand from 12 to 13 members before expected retirements. Declared Dividend • May 06
First quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 14th May 2024 Payment date: 3rd June 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next year, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 03
Selective Insurance Group, Inc. Declares Quarterly Cash Dividend, Payable on June 3, 2024 The Board of Directors of Selective Insurance Group, Inc. declared A quarterly cash dividend on common stock of $0.35 per common share that is payable June 3, 2024, to holders of record on May 15, 2024. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$1.31 (vs US$1.49 in 1Q 2023) First quarter 2024 results: EPS: US$1.31 (down from US$1.49 in 1Q 2023). Revenue: US$1.16b (up 17% from 1Q 2023). Net income: US$80.2m (down 11% from 1Q 2023). Profit margin: 6.9% (down from 9.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Aankondiging • Apr 04
Selective Insurance Group, Inc. to Report Q1, 2024 Results on May 01, 2024 Selective Insurance Group, Inc. announced that they will report Q1, 2024 results After-Market on May 01, 2024 Aankondiging • Mar 28
Selective Insurance Group, Inc., Annual General Meeting, May 01, 2024 Selective Insurance Group, Inc., Annual General Meeting, May 01, 2024, at 09:00 US Eastern Standard Time. Agenda: To Elect 12 directors named in the accompanying Proxy Statement for a one-year term expiring in 2025; to approve, on an advisory basis, the 2023 compensation of Company's named executive officers; approve the Selective Insurance Group, Inc. 2024 Omnibus Stock Plan; and to ratify the appointment of KPMG LLP as Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. Upcoming Dividend • Feb 07
Upcoming dividend of US$0.35 per share at 1.4% yield Eligible shareholders must have bought the stock before 14 February 2024. Payment date: 01 March 2024. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.7%). Declared Dividend • Feb 05
Fourth quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 14th February 2024 Payment date: 1st March 2024 Dividend yield will be 1.4%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 42% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 01
Full year 2023 earnings released: EPS: US$5.84 (vs US$3.57 in FY 2022) Full year 2023 results: EPS: US$5.84 (up from US$3.57 in FY 2022). Revenue: US$4.23b (up 19% from FY 2022). Net income: US$356.0m (up 65% from FY 2022). Profit margin: 8.4% (up from 6.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Aankondiging • Jan 11
Selective Insurance Group, Inc. to Report Q4, 2023 Results on Jan 31, 2024 Selective Insurance Group, Inc. announced that they will report Q4, 2023 results After-Market on Jan 31, 2024 Recent Insider Transactions • Nov 14
CEO, President & Chairman recently sold €2.0m worth of stock On the 9th of November, John Marchioni sold around 21k shares on-market at roughly €95.23 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. John has been a net seller over the last 12 months, reducing personal holdings by €2.3m. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.35 per share at 1.3% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.1%). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$1.43 (vs US$0.67 in 3Q 2022) Third quarter 2023 results: EPS: US$1.43 (up from US$0.67 in 3Q 2022). Revenue: US$1.08b (up 21% from 3Q 2022). Net income: US$86.9m (up 116% from 3Q 2022). Profit margin: 8.0% (up from 4.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Aankondiging • Nov 02
Selective Insurance Group, Inc. Announces Dividend for Third Quarter 2023 , Payable December 1, 2023 Selective Insurance Group, Inc. announced a 17% increase in the quarterly cash dividend on common stock, to $0.35 per common share, that is payable December 1, 2023, to holders of record on November 15, 2023. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$0.92 (vs US$0.62 in 2Q 2022) Second quarter 2023 results: EPS: US$0.92 (up from US$0.62 in 2Q 2022). Revenue: US$1.04b (up 20% from 2Q 2022). Net income: US$56.3m (up 51% from 2Q 2022). Profit margin: 5.4% (up from 4.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Aankondiging • Aug 03
Selective Insurance Group, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on September 1, 2023 Selective Insurance Group, Inc. announced that its Board of Directors declared a quarterly cash dividend on common stock of $0.30 per common share that is payable September 1, 2023, to holders of record on August 15, 2023. Aankondiging • Jul 07
Selective Insurance Group, Inc. to Report Q2, 2023 Results on Aug 02, 2023 Selective Insurance Group, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 02, 2023 Recent Insider Transactions • Jun 02
Independent Director recently sold €110k worth of stock On the 30th of May, Cynthia Nicholson sold around 1k shares on-market at roughly €92.76 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €298k. Insiders have been net sellers, collectively disposing of €6.2m more than they bought in the last 12 months. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$1.48 (vs US$0.90 in 1Q 2022) First quarter 2023 results: EPS: US$1.48 (up from US$0.90 in 1Q 2022). Revenue: US$999.8m (up 18% from 1Q 2022). Net income: US$90.3m (up 67% from 1Q 2022). Profit margin: 9.0% (up from 6.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 05
Selective Insurance Group, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable June 1, 2023 The Board of Directors of Selective Insurance Group, Inc. declared a quarterly cash dividend on common stock of $0.30 per common share that is payable June 1, 2023, to holders of record on May 15, 2023. Recent Insider Transactions • Feb 10
Independent Director recently sold €1.9m worth of stock On the 6th of February, John Burville sold around 20k shares on-market at roughly €93.30 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.9m more than they bought in the last 12 months. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: US$3.54 (vs US$6.56 in FY 2021) Full year 2022 results: EPS: US$3.54 (down from US$6.56 in FY 2021). Revenue: US$3.56b (up 5.3% from FY 2021). Net income: US$215.7m (down 45% from FY 2021). Profit margin: 6.1% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 03
Selective Insurance Group, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on March 1, 2023 The Board of Directors of Selective Insurance Group, Inc. declared a quarterly cash dividend on common stock of $0.30 per common share that is payable March 1, 2023, to holders of record on February 15, 2023. Aankondiging • Jan 24
Selective Insurance Group, Inc. Provides Preliminary Earnings Guidance for the Fourth Quarter Ended December 31, 2022 Selective Insurance Group, Inc. provided preliminary earnings guidance for the fourth quarter ended December 31, 2022. For the period, the company expects diluted earnings per share of $1.38. Aankondiging • Jan 06
Selective Insurance Group, Inc. to Report Q4, 2022 Results on Feb 02, 2023 Selective Insurance Group, Inc. announced that they will report Q4, 2022 results After-Market on Feb 02, 2023 Recent Insider Transactions • Dec 01
Executive VP & COO of Standard Lines recently sold €258k worth of stock On the 28th of November, Brenda Hall sold around 3k shares on-market at roughly €91.59 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €303k. Insiders have been net sellers, collectively disposing of €3.2m more than they bought in the last 12 months. Recent Insider Transactions • Nov 16
Independent Director recently sold €303k worth of stock On the 8th of November, J. Thebault sold around 3k shares on-market at roughly €92.55 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.9m more than they bought in the last 12 months. Recent Insider Transactions • Nov 12
Independent Director recently sold €303k worth of stock On the 8th of November, J. Thebault sold around 3k shares on-market at roughly €92.55 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €540k. Insiders have been net sellers, collectively disposing of €2.9m more than they bought in the last 12 months. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 14 November 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.8%). Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: US$0.66 (vs US$1.19 in 3Q 2021) Third quarter 2022 results: EPS: US$0.66 (down from US$1.19 in 3Q 2021). Revenue: US$895.0m (up 3.5% from 3Q 2021). Net income: US$40.2m (down 44% from 3Q 2021). Profit margin: 4.5% (down from 8.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 16% per year. Recent Insider Transactions • Aug 20
Independent Director recently sold €540k worth of stock On the 16th of August, Cynthia Nicholson sold around 7k shares on-market at roughly €81.79 per share. In the last 3 months, there was an even bigger sale from another insider worth €990k. Insiders have been net sellers, collectively disposing of €5.1m more than they bought in the last 12 months. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$0.61 (vs US$1.99 in 2Q 2021) Second quarter 2022 results: EPS: US$0.61 (down from US$1.99 in 2Q 2021). Revenue: US$864.7m (up 2.9% from 2Q 2021). Net income: US$37.2m (down 69% from 2Q 2021). Profit margin: 4.3% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.3%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 04
Lead Independent Director recently sold €990k worth of stock On the 1st of June, J. Thebault sold around 14k shares on-market at roughly €72.84 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.4m more than they bought in the last 12 months. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$60.67 (vs US$1.78 in 1Q 2021) First quarter 2022 results: EPS: US$60.67. Revenue: US$846.0m (up 5.2% from 1Q 2021). Net income: US$54.0m (down 49% from 1Q 2021). Profit margin: 6.4% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.8%, compared to a 19% growth forecast for the industry in Germany. Recent Insider Transactions • Feb 17
Non-Executive Chairman recently sold €683k worth of stock On the 16th of February, Gregory Murphy sold around 10k shares on-market at roughly €68.25 per share. This was the largest sale by an insider in the last 3 months. Gregory has been a seller over the last 12 months, reducing personal holdings by €6.0m. Reported Earnings • Feb 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$6.50 (up from US$4.12 in FY 2020). Revenue: US$3.38b (up 16% from FY 2020). Net income: US$394.4m (up 60% from FY 2020). Profit margin: 12% (up from 8.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.5%, compared to a 14% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 10
Independent Director recently sold €421k worth of stock On the 6th of December, Michael Morrissey sold around 6k shares on-market at roughly €70.21 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.6m. Insiders have been net sellers, collectively disposing of €7.8m more than they bought in the last 12 months. Upcoming Dividend • Nov 05
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 12 November 2021. Payment date: 01 December 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.2%). Recent Insider Transactions • Nov 05
Executive VP & Chief Actuary recently sold €540k worth of stock On the 3rd of November, Vincent Senia sold around 8k shares on-market at roughly €69.20 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.0m more than they bought in the last 12 months. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS US$1.18 (vs US$1.17 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$865.0m (up 11% from 3Q 2020). Net income: US$71.4m (up 2.2% from 3Q 2020). Profit margin: 8.3% (down from 9.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 05
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 01 September 2021. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.6%). Recent Insider Transactions • Aug 04
Non-Executive Chairman recently sold €1.7m worth of stock On the 30th of July, Gregory Murphy sold around 25k shares on-market at roughly €68.44 per share. This was the largest sale by an insider in the last 3 months. Gregory has been a seller over the last 12 months, reducing personal holdings by €4.3m. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS US$1.98 (vs US$0.57 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$840.5m (up 23% from 2Q 2020). Net income: US$119.6m (up 250% from 2Q 2020). Profit margin: 14% (up from 5.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 12
Independent Director recently sold €185k worth of stock On the 9th of June, Michael Morrissey sold around 3k shares on-market at roughly €61.54 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.0m. Insiders have been net sellers, collectively disposing of €3.8m more than they bought in the last 12 months. Recent Insider Transactions • May 26
Non-Independent Director recently sold €948k worth of stock On the 21st of May, William Rue sold around 15k shares on-market at roughly €63.18 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.0m. Insiders have been net sellers, collectively disposing of €2.4m more than they bought in the last 12 months. Upcoming Dividend • May 06
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 01 June 2021. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (4.1%). Recent Insider Transactions • May 05
Non-Executive Chairman recently sold €2.0m worth of stock On the 30th of April, Gregory Murphy sold around 32k shares on-market at roughly €62.84 per share. This was the largest sale by an insider in the last 3 months. Gregory has been a seller over the last 12 months, reducing personal holdings by €2.6m. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS US$1.77 (vs US$0.26 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$803.9m (up 21% from 1Q 2020). Net income: US$106.8m (up US$91.6m from 1Q 2020). Profit margin: 13% (up from 2.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 11
Independent Director recently sold €91k worth of stock On the 8th of March, Cynthia Nicholson sold around 1k shares on-market at roughly €62.46 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €600k more than they sold in the last 12 months. Is New 90 Day High Low • Mar 04
New 90-day high: €58.00 The company is up 12% from its price of €52.00 on 03 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €88.35 per share. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue beats expectations Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 5.8%, compared to a 15% growth forecast for the Insurance industry in Germany. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS US$4.09 (vs US$4.57 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$2.92b (up 2.7% from FY 2019). Net income: US$246.4m (down 9.3% from FY 2019). Profit margin: 8.4% (down from 9.5% in FY 2019). The decrease in margin was driven by higher expenses. Combined ratio: 94.9% (up from 93.7% in FY 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS US$4.09 (vs US$4.57 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$2.92b (up 2.7% from FY 2019). Net income: US$246.4m (down 9.3% from FY 2019). Profit margin: 8.4% (down from 9.5% in FY 2019). The decrease in margin was driven by higher expenses. Combined ratio: 94.9% (up from 93.7% in FY 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue beats expectations Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 5.4%, compared to a 16% growth forecast for the Insurance industry in Germany. Is New 90 Day High Low • Jan 13
New 90-day high: €57.00 The company is up 30% from its price of €44.00 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €83.20 per share. Is New 90 Day High Low • Dec 16
New 90-day high: €55.50 The company is up 23% from its price of €45.00 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €76.91 per share. Recent Insider Transactions • Nov 20
Executive Chairman recently sold €532k worth of stock On the 17th of November, Gregory Murphy sold around 10k shares on-market at roughly €53.16 per share. This was the largest sale by an insider in the last 3 months. This was Gregory's only on-market trade for the last 12 months. Is New 90 Day High Low • Nov 16
New 90-day high: €52.50 The company is up 15% from its price of €45.80 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €71.52 per share. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 16% share price gain to US$51.00, the stock is trading at a trailing P/E ratio of 18.2x, up from the previous P/E ratio of 15.6x. This compares to an average P/E of 12x in the Insurance industry in Germany. Total returns to shareholders over the past three years are 8.0%. 
