earnings
confidence high
sentiment positive
materiality 0.75
Selective Insurance Q3 EPS $1.18; dividend raised 12% to $0.28; raises FY guidance
SELECTIVE INSURANCE GROUP INC
2021-Q3 EPS reported
$4.92
revenue$2,509,469,000
- Q3 net income $71.4M ($1.18/diluted share); non-GAAP operating income also $1.18/share.
- Net premiums written up 13% to $812.9M; combined ratio 98.6% (cat losses 10.0 pts, Hurricane Ida $43M).
- Quarterly dividend increased 12% to $0.28/share, payable Dec 1, 2021 to holders of record Nov 15.
- FY2021 guidance revised: combined ratio ex-cat 88% (from 89%); after-tax net investment income raised to $240M
- Book value per share $45.27, up 7% YTD; debt-to-capital 14.6%.