Selective Insurance Group Q2 Revenue Beats Estimates

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Selective Insurance Group reported second-quarter revenues of $1.39 billion, up 4.6% year on year and 1.8% above analyst expectations. The company also beat EPS estimates but missed book value per share estimates, with operating ROE of 13.7% marking its eighth consecutive quarter of double-digit returns. CEO John J. Marchioni highlighted disciplined execution and capital returns including a regular dividend and $32 million in share repurchases. Despite the results, the stock fell 6% since reporting and trades at $91.96. Among peers, Essent Group was the best performer with revenue up 13.6% and a 9.7% beat, while Radian Group was the weakest with a significant EPS miss.

Impact on stocks 5

Financials± Mixed · 5 stocks
Essent Group Ltd
ESNT
▲ PositiveCapitalrelevance

Mentioned as best performer among peers with revenue up 13.6% and a 9.7% beat.

Radian Group Inc
RDN
▼ NegativeCapitalrelevance

Mentioned as weakest among peers with a significant EPS miss.