Selective Insurance Group, Inc.Reported Q2 revenue beat but stock fell 6% since reporting; missed book value per share estimates.
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.
Selective Insurance Group, Inc.Reported Q2 revenue beat but stock fell 6% since reporting; missed book value per share estimates.
Essent Group LtdMentioned as best performer among peers with revenue up 13.6% and a 9.7% beat.
Radian Group IncMentioned as weakest among peers with a significant EPS miss.
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