secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIVE INSURANCE GROUP INC (SIGI)
CIK:        0000230557
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0000230557-23-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Selective Insurance Q2 prelim EPS $0.92; full-year cat loss guidance raised to 6.0 pts
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- Diluted EPS $0.92; non-GAAP operating EPS $0.99; combined ratio 100.2% (cat losses 10.6 pts, favorable reserve development 0.4 pts).
- Pre-tax net catastrophe losses ~$100M: $63M Standard Commercial, $21M Standard Personal, $16M E&S; 19 named storms.
- After-tax net investment income $78M including $9M from alternatives; ROE 9.1%, operating ROE 9.8%.
- Full-year 2023 guidance: combined ratio 96.5% (cat losses 6.0 pts, up from 4.5), after-tax NII $300M, effective tax ~21%, diluted shares 61M.
- First-half expected operating ROE 12.2% in line with 12% target; strong net premiums written growth cited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/230557/000023055723000017/0000230557-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/230557/000023055723000017/sigi-20230724.htm
  HTML page:      https://secwatch.observer/filing/0000230557-23-000017

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