Selective Insurance Group (SIGI) Misses Q1 EPS by 18c

Selective Insurance Group (NASDAQ: SIGI) reported Q1 EPS of $0.84, $0.18 worse than the analyst estimate of $1.02.

"Selective entered this unprecedented COVID-19 pandemic crisis in the strongest position in our 94-year history. Over the last several years, we have strengthened our financial, operating, and strategic position, and have built a strong balance sheet, a high level of embedded profitability within our underwriting and investment portfolios, and have solid financial strength ratings," said John Marchioni, President and CEO. "This position enabled us to proactively respond to the COVID-19-related public health, economic and financial market issues. We continue to provide outstanding service to our customers and distribution partners, and deliver on all of our commitments while our employees transitioned to a remote work environment. I want to thank all of our employees for their diligence and flexibility in adapting seamlessly."

For earnings history and earnings-related data on Selective Insurance Group (SIGI) click here.

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