Selective Insurance Group Expects Pre-Tax Net Catastrophe Losses Totaling $100M For Q2
Portfolio Pulse from Benzinga Newsdesk
Selective Insurance Group (SIGI) expects to report Q2 diluted earnings per share of $0.92 and non-GAAP operating earnings per share of $0.99. The company also anticipates pre-tax net catastrophe losses totaling $100M for the same period.
July 24, 2023 | 8:18 pm
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Selective Insurance Group expects Q2 diluted EPS of $0.92 and non-GAAP operating EPS of $0.99, with pre-tax net catastrophe losses of $100M.
The company's earnings per share estimates are in line with market expectations, but the anticipated pre-tax net catastrophe losses of $100M could potentially impact the company's overall financial performance. However, it's unclear how the market will react to this news in the short term.
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IMPORTANCE 80
RELEVANCE 100