Selective Insurance Group (Selective Insurance Group) Claims Ratio % : 0.00% (As of . 20)

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What is Selective Insurance Group Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for Selective Insurance Group's Claims Ratio % or its related term are showing as below:

SIGIP.PFD's Claims Ratio % is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Selective Insurance Group Claims Ratio % Historical Data

The historical data trend for Selective Insurance Group's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Selective Insurance Group Claims Ratio % Chart

Selective Insurance Group (NAS:SIGIP.PFD) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %

Total Claims

Total Premiums Earned

100%

Selective Insurance Group (NAS:SIGIP.PFD) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Selective Insurance Group Claims Ratio % Related Terms

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Selective Insurance Group (Selective Insurance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Selective Insurance Group Inc (NAS:SIGIP.PFD) » Definitions » Claims Ratio %

Comparable Companies

Traded in Other Exchanges

SIGI:USA SV2:Germany

Address

40 Wantage Avenue, Branchville, NJ, USA, 07890

Website

https://www.selective.com

Selective Insurance Group Inc is a regional property-casualty insurer based in New Jersey, with its operations focused in the New York metropolitan area. Since 1977, Selective has focused its sales efforts on small businesses, offering commercial products that include workers' compensation, general liability, property, and auto insurance. Selective also has a small personal insurance segment (under 20% of total premiums), selling auto and homeowner's coverage.