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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 1.2B | 2.7% |
Gross Profit | -882M | 90.4% |
Cost of Revenue | 2.08B | 27.6% |
Operating expense | 126M | 14.2% |
Net Income | -63M | 176.7% |
EBITDA | 9.8M | 91.7% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 12.6B | 4.2% |
Total Liabilities | 9.64B | 6.6% |
Total Equity | 2.92B | 2.8% |
Shares Outstanding | 61M | 0.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 266M | 133% |
Cash from investing | -247M | 187.5% |
Cash from financing | -20M | 33.2% |
EPS
Financial Highlights for Selective Insurance Group in Q2 '24
Selective Insurance Group reported a revenue of 1.2B, which is a 2.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -882M, marking a -90.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.08B, a 27.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 126M, showing a -14.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -63M, showing a -176.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 9.8M, showing a -91.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Selective Insurance Group faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.