Selective Insurance Q3 net income $0.66/share; raises common dividend 7% to $0.30

SELECTIVE INSURANCE GROUP INC

2022-Q3 EPS reported $2.16 revenue$2,605,900,000

Net income $40.2M ($0.66/diluted share) vs $71.4M ($1.18) a year ago; non-GAAP operating income $0.99/share.
Combined ratio of 96.8% improved 1.8 pts YoY; catastrophe losses 4.0 pts including $10M Hurricane Ian.
Standard Commercial Lines renewal pure price +5.8%; NPW up 11% overall.
Full-year 2022 combined ratio ex-cat guidance raised to 91.5% from 90.5%; cat loss guidance lowered to 3.5 pts.
Quarterly common dividend increased 7% to $0.30/share; payable Dec 1, record Nov 15.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SELECTIVE INSURANCE GROUP INC reported third quarter ended September 30, 2022 results: net income $0.66 per diluted common share, EPS $0.66 per diluted common share.

Period: third quarter ended September 30, 2022
Net income: $0.66 per diluted common share
EPS: $0.66 per diluted common share
Result: reported results

Exact text from the filing

Selective Insurance Group, Inc. (NASDAQ: SIGI) reported financial results for the third quarter ended September 30, 2022, with net income per diluted common share of $0.66 and non-GAAP operating income 1 per diluted com mon share of $0.99.

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Source: SEC EDGAR

accession 0000230557-22-000023

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