11:46 AM EDT, 07/19/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph.)

Selective Insurance Group ( SIGI ) shares were down past 16% in recent Friday trading, a day after the company swung to a Q2 loss.

The company reported a Q2 non-GAAP operating loss late Thursday of $1.10 per diluted share, compared with earnings of $0.99 per share a year earlier.

Analysts polled by Capital IQ expected adjusted EPS of $1.48.

Revenue for the quarter ended June 30 was $1.20 billion, up from $1.04 billion a year earlier.

Three analysts surveyed by Capital IQ expected $1.21 billion.

The company said it has kept the quarterly dividend at $0.35 per share, payable on Sept. 3 to shareholders of record on Aug. 15.

Price: 84.21, Change: -16.11, Percent Change: -16.06