Selective Insurance (SIGI) is expected to report Q3 earnings of $1.91 per share, up 9.1% year-over-year, with revenues forecast at $1.35 billion. While net premiums earned are projected to decline slightly by 1.3%, net investment income is expected to grow 11.9%.
However, key profitability metrics show deterioration: the combined ratio is estimated at 100.0% versus 98.6% last year, and the loss and loss expense ratio is projected at 73.8% versus 67.9% previously. The stock currently holds a Zacks Rank #3 (Hold) rating.