Selective Insurance Gr sees a GAAP combined ratio of 102.5%, up 1 point from our prior guidance of 101.5% for 2024.
Portfolio Pulse from Benzinga Newsdesk
Selective Insurance Group (NASDAQ:SIGI) has revised its GAAP combined ratio guidance for 2024 to 102.5%, up from the previous 101.5%. This indicates a potential increase in costs relative to premiums earned.
October 21, 2024 | 8:27 pm
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Selective Insurance Group has increased its GAAP combined ratio guidance for 2024 to 102.5%, suggesting higher costs relative to premiums. This could impact profitability and investor sentiment.
The increase in the GAAP combined ratio from 101.5% to 102.5% suggests that Selective Insurance Group expects higher costs relative to premiums earned. This could negatively impact profitability and investor sentiment, leading to a potential short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100