secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIVE INSURANCE GROUP INC (SIGI)
CIK:        0000230557
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000230557-23-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/230557/000023055723000002/0000230557-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/230557/000023055723000002/sigi-20230202.htm
  HTML page:      https://secwatch.observer/filing/0000230557-23-000002

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