Company profile

John J. Marchioni
Incorporated in
Fiscal year end
IRS number

SIGI stock data



6 May 20
11 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 664.83M 728.9M 710.43M 708.2M
Net income 15.24M 81.86M 56.15M 72.27M
Diluted EPS 0.25 1.36 0.93 1.21
Net profit margin 2.29% 11.23% 7.90% 10.20%
Net change in cash 9.13M -216K 12K -12K
Cash on hand 9.43M 300K 516K 504K
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.85B 2.59B 2.47B 2.28B
Net income 271.62M 178.94M 168.83M 158.5M
Diluted EPS 4.53 3 2.84 2.7
Net profit margin 9.54% 6.92% 6.84% 6.94%
Net change in cash -205K -29K 76K -440K
Cash on hand 300K 505K 534K 458K

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
29 May 20 Rue William M Common Stock Buy Aquire P No 52.45 25,000 1.31M 355,169.507
15 May 20 Cavanaugh Terrence W Common Stock Buy Aquire P No 46.0214 1,000 46.02K 8,918.258
7 May 20 Burville John Common Stock Grant Aquire A No 0 3,575 0 81,805.507
7 May 20 Mitchell H Elizabeth Common Stock Grant Aquire A No 0 3,575 0 7,223.901
7 May 20 McCarthy Thomas A Common Stock Grant Aquire A No 0 3,575 0 8,656.901
78.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 224 263 -14.8%
Opened positions 23 31 -25.8%
Closed positions 62 48 +29.2%
Increased positions 83 94 -11.7%
Reduced positions 88 102 -13.7%
13F shares
Current Prev Q Change
Total value 10.17B 12.82B -20.6%
Total shares 46.49M 46.63M -0.3%
Total puts 0 0
Total calls 19.6K 18.4K +6.5%
Total put/call ratio
Largest owners
Shares Value Change
BLK BlackRock 6.78M $337.07M -2.0%
Vanguard 5.71M $284.01M +2.8%
MCQEF Macquarie 2.65M $131.61M +14.3%
N Price T Rowe Associates 2.54M $126.19M +6.2%
STT State Street 2.16M $107.45M +1.8%
Dimensional Fund Advisors 2.16M $107.21M -14.6%
SAMG Silvercrest Asset Management 1.55M $77.21M +2.3%
GS The Goldman Sachs Group, Inc. 1.28M $63.45M +0.4%
Alliancebernstein 1.25M $62.15M -1.4%
NTRS Northern Trust 1.17M $58.02M +0.4%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -721.29K EXIT
Wellington Management 446.83K +446.83K NEW
Champlain Investment Partners 392.37K +392.37K NEW
Dimensional Fund Advisors 2.16M -369.54K -14.6%
Cramer Rosenthal MCGLYNN 0 -338.05K EXIT
MCQEF Macquarie 2.65M +330.79K +14.3%
Balyasny Asset Management 0 -262.39K EXIT
Allianz Asset Management GmbH 107.19K -243.51K -69.4%
TimesSquare Capital Management 227.69K +227.69K NEW
Voya Investment Management 90.31K -213.52K -70.3%

Financial report summary

  • We are subject to losses from catastrophic events.
  • Our ability to reduce our risk exposure depends on the availability and cost of reinsurance.
  • We may be subject to potentially significant losses from acts of terrorism.
  • We depend on distribution partners.
  • National and global economic conditions could materially adversely affect our business, results of operations, financial condition, and growth.
  • A downgrade or a potential downgrade in our financial strength or credit ratings could result in a loss of business and could have a material adverse effect on our financial condition and results of operations.
  • We have less loss experience data than our larger competitors.
  • We are subject to a variety of modeling risks that could have a material adverse impact on our business results.
  • We have securities tied to LIBOR, which is being eliminated by the end of 2021.
  • We are subject to the types of risks inherent in investing in private limited partnerships.
  • The determination of the amount of impairments taken on our investments is highly subjective and could materially impact our results of operations or our financial position.
  • We are a holding company and our ability to declare dividends to our shareholders, pay indebtedness, and enter into affiliate transactions may be limited because our Insurance Subsidiaries are regulated.
  • We are subject to attempted cyber-attacks and other cybersecurity risks.
  • Our long-term strategy to deploy operational leverage is dependent on the success of our risk management strategies, and their failure could have a material adverse effect on our financial condition or results of operations.
Management Discussion
  • The decrease in NPW was mainly due to a $75 million increase in our return audit and mid-term endorsement premium accrual related to the COVID-19 pandemic discussed in "Current Events" above, of which $46 million was recorded in our general liability line of business and $29 million was recorded in our workers compensation line of business. This was partially offset by (i) direct new business, and (ii) renewal pure price increases.
  • The loss and loss expense ratio increased slightly in First Quarter 2020 compared to First Quarter 2019, driven, in part, by the following:1Non-catastrophe property loss and loss expenses included an estimate of $10 million in response to COVID-19, which is discussed in "Current Events" above.
  • For additional information regarding favorable prior year casualty reserve development by line of business, see the "Financial Highlights of Results for First Quarter 2020 and First Quarter 2019" section above and the line of business discussions below.
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