Selective Insurance Group Files 8-K on Operations & Financials
Ticker: SIGIP · Form: 8-K · Filed: Jan 31, 2024 · CIK: 230557
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, regulation-fd, financial-statements
TL;DR
**SIGI just dropped an 8-K with fresh financial results, time to check their numbers!**
AI Summary
SELECTIVE INSURANCE GROUP, INC. (SIGI) filed an 8-K on January 31, 2024, to report on its results of operations and financial condition, along with Regulation FD Disclosure and Financial Statements and Exhibits. This filing indicates that the company is providing updated financial information to the public and investors. For shareholders, this means new data is available to assess the company's recent performance and make informed decisions about their investment in SIGI.
Why It Matters
This filing provides investors with the latest financial health and operational performance of Selective Insurance Group, crucial for evaluating their investment.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial information, not indicating any immediate new risks.
Analyst Insight
Investors should review the detailed financial statements and results of operations included in the full 8-K filing to understand the company's recent performance and financial health.
Key Numbers
- $2 — Par value per share (Common Stock, par value $2 per share)
- 4.60% — Preferred Stock Interest Rate (4.60% Non-Cumulative Preferred Stock, Series B)
Key Players & Entities
- SELECTIVE INSURANCE GROUP, INC. (company) — the registrant filing the 8-K
- New Jersey (location) — state of incorporation for SELECTIVE INSURANCE GROUP, INC.
- $2 (dollar_amount) — par value per share of Common Stock
- 4.60% (dollar_amount) — interest rate for Non-Cumulative Preferred Stock, Series B
- The Nasdaq Stock Market LLC (company) — exchange where SIGI Common Stock and SIGIP Depositary Shares are registered
FAQ
What is the purpose of this 8-K filing by SELECTIVE INSURANCE GROUP, INC.?
The 8-K filing by SELECTIVE INSURANCE GROUP, INC. on January 31, 2024, is intended to report on the company's Results of Operations and Financial Condition, provide Regulation FD Disclosure, and include Financial Statements and Exhibits, as indicated by the 'ITEM INFORMATION' sections.
What is the trading symbol for SELECTIVE INSURANCE GROUP, INC.'s Common Stock?
The trading symbol for SELECTIVE INSURANCE GROUP, INC.'s Common Stock, par value $2 per share, is SIGI, and it is registered on The Nasdaq Stock Market LLC.
Where is SELECTIVE INSURANCE GROUP, INC. incorporated?
SELECTIVE INSURANCE GROUP, INC. is incorporated in New Jersey, as stated in the filing under 'State or other jurisdiction of incorporation'.
What is the interest rate for the Non-Cumulative Preferred Stock, Series B, mentioned in the filing?
The filing mentions Depositary Shares, each representing a 1/1,000th interest in a share of 4.60% Non-Cumulative Preferred Stock, Series B.
What is the business address and phone number of SELECTIVE INSURANCE GROUP, INC.?
The business address of SELECTIVE INSURANCE GROUP, INC. is 40 Wantage Avenue, Branchville, New Jersey 07890, and their telephone number is (973) 948-3000.
Filing Stats: 665 words · 3 min read · ~2 pages · Grade level 10.3 · Accepted 2024-01-31 16:19:22
Key Financial Figures
- $2 — ich registered Common Stock, par value $2 per share SIGI The Nasdaq Stock Market
Filing Documents
- sigi-20240131.htm (8-K) — 28KB
- q42023pressreleaseexh991.htm (EX-99.1) — 292KB
- q42023pressreleasesuppleme.htm (EX-99.2) — 1704KB
- image1a.gif (GRAPHIC) — 4KB
- selectiveinsurancergba.jpg (GRAPHIC) — 1063KB
- 0000230557-24-000002.txt ( ) — 3150KB
- sigi-20240131.xsd (EX-101.SCH) — 2KB
- sigi-20240131_def.xml (EX-101.DEF) — 17KB
- sigi-20240131_lab.xml (EX-101.LAB) — 32KB
- sigi-20240131_pre.xml (EX-101.PRE) — 17KB
- sigi-20240131_htm.xml (XML) — 4KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On January 31, 2024, Selective Insurance Group, Inc. (the "Company") issued a press release announcing results for the fourth quarter ended December 31, 2023. The press release is attached hereto as Exhibit 99.1. Section 7 – Regulation FD
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. Attached as Exhibit 99.2 is supplemental financial information about the Company. The information contained in Item 2.02 and Item 7.01 of this Current Report on Form 8-K, including the exhibits attached hereto, is being furnished and shall not be deemed "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. The Company makes no admission as to the materiality of any information in this report or the exhibits attached hereto. Important information may be disseminated initially or exclusively via the Company's corporate website, www.selective.com/investors. Investors should consult the site to access this information. Any website addresses included herein are inactive textual references only. The information contained on any such website referenced herein is not incorporated into this Current Report on Form 8-K. Section 9 – Financial Statements and Exhibits
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 99.1 Press Release of Selective Insurance Group, Inc. dated January 31, 2024 99.2 Financial Supplement, Fourth Quarter and Full Year 2023 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SELECTIVE INSURANCE GROUP, INC. Date: January 31, 2024 By: /s/ Michael H. Lanza Michael H. Lanza Executive Vice President and General Counsel