Selective Insurance Group Full Year 2024 Earnings: EPS Misses Expectations

Selective Insurance Group (NASDAQ:SIGI) Full Year 2024 Results

Key Financial Results

• Revenue: US$4.86b (up 15% from FY 2023).
• Net income: US$197.8m (down 44% from FY 2023).
• Profit margin: 4.1% (down from 8.4% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$3.23 (down from US$5.87 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Selective Insurance Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%.

The primary driver behind last 12 months revenue was the Standard Commercial Lines (Excluding Standard Personal Lines) segment contributing a total revenue of US$3.45b (71% of total revenue). Notably, cost of sales worth US$4.09b amounted to 84% of total revenue thereby underscoring the impact on earnings.Explore how SIGI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 11% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Selective Insurance Group that you should be aware of.

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