Selective Insurance (SIGI - Free Report) reported $1.11 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.4%. EPS of $1.94 for the same period compares to $1.46 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.11 billion, representing a surprise of -0.74%. The company delivered an EPS surprise of +1.04%, with the consensus EPS estimate being $1.92.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Selective Insurance performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Underwriting expense ratio: 31.1% compared to the 32% average estimate based on four analysts.
- Combined ratio: 93.7% compared to the 93.6% average estimate based on four analysts.
- Loss and loss expense ratio: 62.4% versus the four-analyst average estimate of 61.6%.
- Standard Commercial Lines - Combined Ratio: 93.1% compared to the 93.9% average estimate based on two analysts.
- Standard Personal Lines - Combined Ratio: 116.9% versus 99.6% estimated by two analysts on average.
- Excess and Surplus Lines - Combined Ratio: 76.2% versus the two-analyst average estimate of 85.8%.
- Revenues- Net premiums earned: $1 billion versus $1.01 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.7% change.
- Revenues- Other income: $5.50 million compared to the $3.05 million average estimate based on four analysts. The reported number represents a change of +44.7% year over year.
- Revenues- Net investment income earned: $98.60 million versus the four-analyst average estimate of $98.82 million. The reported number represents a year-over-year change of +21.1%.
- Revenues- Excess and Surplus Lines- Net Premiums Earned: $108.10 million versus $104.56 million estimated by three analysts on average.
- Revenues- Standard Commercial Lines- Net Premiums Earned: $792.10 million versus the three-analyst average estimate of $806.19 million.
- Revenues- Standard Personal Lines- Net Premiums Earned: $101 million versus $97.02 million estimated by three analysts on average.
View all Key Company Metrics for Selective Insurance here>>>Shares of Selective Insurance have returned +6.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Selective Insurance (SIGI - Free Report) reported $1.11 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.4%. EPS of $1.94 for the same period compares to $1.46 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.11 billion, representing a surprise of -0.74%. The company delivered an EPS surprise of +1.04%, with the consensus EPS estimate being $1.92.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Selective Insurance performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Underwriting expense ratio: 31.1% compared to the 32% average estimate based on four analysts.
- Combined ratio: 93.7% compared to the 93.6% average estimate based on four analysts.
- Loss and loss expense ratio: 62.4% versus the four-analyst average estimate of 61.6%.
- Standard Commercial Lines - Combined Ratio: 93.1% compared to the 93.9% average estimate based on two analysts.
- Standard Personal Lines - Combined Ratio: 116.9% versus 99.6% estimated by two analysts on average.
- Excess and Surplus Lines - Combined Ratio: 76.2% versus the two-analyst average estimate of 85.8%.
- Revenues- Net premiums earned: $1 billion versus $1.01 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.7% change.
- Revenues- Other income: $5.50 million compared to the $3.05 million average estimate based on four analysts. The reported number represents a change of +44.7% year over year.
- Revenues- Net investment income earned: $98.60 million versus the four-analyst average estimate of $98.82 million. The reported number represents a year-over-year change of +21.1%.
- Revenues- Excess and Surplus Lines- Net Premiums Earned: $108.10 million versus $104.56 million estimated by three analysts on average.
- Revenues- Standard Commercial Lines- Net Premiums Earned: $792.10 million versus the three-analyst average estimate of $806.19 million.
- Revenues- Standard Personal Lines- Net Premiums Earned: $101 million versus $97.02 million estimated by three analysts on average.
View all Key Company Metrics for Selective Insurance here>>>Shares of Selective Insurance have returned +6.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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