Selective Insurance Q4 net income $1.38/sh, down 13% YoY; combined ratio 94.7%, above 93.1% prior year

SELECTIVE INSURANCE GROUP INC

2022-FY EPS reported $3.54 revenue$3,558,062,000

Q4 net income $84.2M ($1.38/diluted share), down 13% from $96.7M ($1.59) in Q4 2021.
Non-GAAP operating income $88.9M ($1.46/diluted share), down 6% YoY; full-year operating ROE 12.4%.
Combined ratio 94.7% (93.1% prior year), including 5.2 pts catastrophe losses; Winter Storm Elliott contributed $57.8M pre-tax.
Net premiums written up 14% to $849.7M; Commercial Lines renewal pure price +5.6%; book value per share $38.57, down 17% from $46.24.
2023 guidance: GAAP combined ratio 96.5% (incl. 4.5 pts cats); after-tax net investment income ~$300M; quarterly dividend $0.30/sh payable March 1, 2023.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SELECTIVE INSURANCE GROUP INC reported the fourth quarter ended December 31, 2022 results: net income net income per diluted common share of $1.38, EPS $1.38.

Period: the fourth quarter ended December 31, 2022
Net income: net income per diluted common share of $1.38
EPS: $1.38
Result: reported results

Exact text from the filing

Selective Reports Fourth Quarter 2022 Results, Including Net Income of $1.38 per Diluted Common Share

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Source: SEC EDGAR

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