Selective Insurance Group Inc. Depositary Shares each representing a 1/1000th interest in a share of 4.60% Non-Cumulative Preferred Stock Series B (SIGIP)

FairStock Score: 91/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Selective Insurance as a steady property-and-casualty insurer, but SIGIP is not the common stock; it is a depositary share representing a 1/1000th interest in 4.60% non-cumulative preferred Series B. At the 2026-10-13 close of $15.20, FairStock's data show a 7.52% dividend yield, P/E of 2.70, P/B of 0.26, ROE of 14.15%, D/E of 0.25, Piotroski F-Score of 7/9, and a FairStock Score of 91/100. Those are striking numbers, but for a preferred issue the central question is not the common stock's cheapness; it is whether the insurer can and will keep paying the preferred dividend. Filed figures show improving operating momentum: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $1.4B and net income was $129.4M, with diluted EPS of $2.11, versus net income of $85.9M in fiscal Q2 2025. Fiscal Q1 2026 added $97.7M of net income and $1.58 of diluted EPS. For full years, FY2025 revenue was $5.3B and net income $466.4M, diluted EPS $7.49, after FY2024 net income of $207.0M and diluted EPS $3.23, and FY2023 net income of $365.2M and diluted EPS $5.84. FairStock classifies it as a STALWART — steady growth, with profit up 13.6% a year over five years and revenue up 12.8%. The balance sheet looks reasonably levered at D/E 0.25. Still, preferred dividends are non-cumulative, and the data do not include the combined ratio, statutory surplus, CET1, or NIM. I would want underwriting and reserve trends before trusting the discount. Cheap-looking common metrics alone do not make a preferred safe.

In plain English: Selective Insurance sells property and casualty insurance in the United States. The SIGIP shares are a type of preferred stock that pays a 4.60% dividend; at $15.20 they offer about a 7.5% yield according to the data. The company has been profitable and has grown in recent years, and the price looks low compared with reported profits, but this dividend can be skipped and missed payments do not have to be made up later.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer