earnings
confidence high
sentiment negative
materiality 0.75
Selective Q2 net income $0.61/sh, down 69% YoY; operating EPS $1.17; combined ratio 95.5%
SELECTIVE INSURANCE GROUP INC
2022-Q2 EPS reported
$1.50
revenue$1,710,880,000
- Net premiums written up 12% to $930.7M; renewal pure price +5.0% across segments.
- GAAP combined ratio 95.5% (cat losses 5.5 pts) vs 89.8% a year ago; underlying combined ratio 91.4%.
- After-tax net investment income $56.7M, down 16% YoY on lower alternative returns.
- Full-year guidance raised: combined ratio ex-cat 90.5% (prior 91.0%); after-tax NII $215M (prior $205M).
- Quarterly common dividend $0.28/sh payable Sept 1, 2022; book value $39.68, down 14% YTD.