earnings
confidence high
sentiment neutral
materiality 0.75
Selective Q4 EPS $1.59, down 24% YoY; full-year record EPS $6.50; 2022 guidance issued
SELECTIVE INSURANCE GROUP INC
2021-FY EPS reported
$6.50
revenue$3,379,164,000
- Q4 net income $1.59/diluted share (down 24% YoY); non-GAAP op income $1.56. Full-year EPS $6.50 (up 59%).
- Q4 combined ratio 93.1% vs 88.1% a year ago; full-year 92.8% vs 94.9%, driven by lower catastrophe losses.
- Net premiums written +9% in Q4 and +15% for full year; renewal pure price +4.7% in Q4.
- 2022 guidance: combined ratio ex-cat 91.0%, after-tax net investment income ~$200M, diluted shares 61M.
- Board declared $0.28/common share dividend payable March 1, 2022; book value $46.24 (+9% YoY).