SIGI Stock Discussion

Selective Insurance Group, Inc. Description

Selective Insurance Group, Inc. provides standard, and excess and surplus lines of property and casualty insurance products in the United States. The company operates in three segments: Standard Insurance Operations, E&S Insurance Operations, and Investments. Its products and services include standard market property insurance, which covers the financial consequences of accidental loss of an insured's real and/or personal property; and standard market casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured's negligent acts, omissions, or legal liabilities. The company's products and services also comprise flood insurance, which covers property losses under the Federal Government's Write Your Own program of the National Flood Insurance Program; and excess and surplus insurance that provides property and casualty coverage through underwriting guidelines to small commercial accounts. The company offers its insurance products and services to businesses, non-profit organizations, local government entities, and individuals through independent retail insurance agents and brokers, and wholesale general agencies. It is also involved in investing premiums collected by the Standard Insurance Operations and E&S Insurance Operations segments on fixed maturity investments, equity securities, and alternative investments portfolio. Selective Insurance Group, Inc. was founded in 1925 and is headquartered in Branchville, New Jersey.

Sector: Financial Services
Industry: Insurance - Property & Casualty
Keywords: Insurance Insurance Products Insurance Industry General Insurance Casualty Insurance Products Federal Government Property Insurance Insurance Agents Insurance Operations Bodily Injury