Selective Insurance Q1 Earnings Miss Estimates on Higher Expenses

News/Zacks/Selective Insurance Q1 Earnings Miss Estimates on Higher Expenses…5 min readTRVCBWRBSIGISelective Insurance Group, Inc. SIGI reported first-quarter 2025 operating income of $1.76 per share, which missed the Zacks Consensus Estimate by 6.8%. The bottom line increased 32.3% from the year-ago quarter.The company’s performance in the quarter reflects solid underwriting income, lower catastrophe losses, average renewal pure price increase, offset by wider non-catastrophe property loss and loss expenses and higher expenses. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Behind the Headlines Total revenues of $1.3 billion increased 10% from the year-ago quarter’s figure, primarily due to higher net premiums written, net premiums earned and net investment income earned. The top line missed the Zacks Consensus Estimate by 0.9%.On a year-over-year basis, net premiums written (NPW) increased 7% to $1.2 billion. Average renewal pure price expanded 220 basis poi...