Selective Insurance Q1 EPS $1.48, combined ratio 95.7% (catastrophe losses 6.1 pts), NPW up 12%

SELECTIVE INSURANCE GROUP INC

2023-Q1 EPS reported $1.48 revenue$999,820,000

Net income per diluted share $1.48, up 66% YoY; non-GAAP operating income $1.44 per share.
GAAP combined ratio 95.7% (93.1% Q1 2022), with 6.1 pts from catastrophe losses.
Standard Commercial Lines renewal pure price +7.0% (vs 4.8% prior); total NPW +12% to $999.8M.
After-tax net investment income $73M, +25% YoY; book value per share $40.82, +6% from Dec 2022.
FY 2023 guidance unchanged: combined ratio 96.5%, after-tax net investment income $300M.

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 first quarter ended March 31, 2023 results: net income $1.48 per diluted common share.

Period: the first quarter ended March 31, 2023
Net income: $1.48 per diluted common share
Result: reported results

Exact text from the filing

Selective Reports First Quarter 2023 Results, Including Net Income of $1.48 per Diluted Common Share

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Source: SEC EDGAR

accession 0000230557-23-000010

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