Selective Insurance Group (NASDAQ:SIGI) Full Year 2023 Results

Key Financial Results

• Revenue: US$4.23b (up 19% from FY 2022).
• Net income: US$356.0m (up 65% from FY 2022).
• Profit margin: 8.4% (up from 6.1% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: US$5.84 (up from US$3.57 in FY 2022).

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

Selective Insurance Group Earnings Insights

Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 8.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Selective Insurance Group has 1 warning sign we think you should be aware of.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.