Selective Insurance Q2 EPS $0.92, combined ratio 100.2% on 10.6 cat pts; raises cat loss guidance

SELECTIVE INSURANCE GROUP INC

2023-Q2 EPS reported $2.41 revenue$2,040,344,000

Net income $0.92 per diluted share (up 51% YoY); non-GAAP operating income $0.99 (down 15% YoY).
Combined ratio 100.2% vs 95.5% a year ago; catastrophe losses $100M pre-tax (10.6 points).
Net premiums written $1.08B, +17% YoY; Commercial Lines renewal pure price +6.7%, new business +23%.
After-tax net investment income $77.8M, +37% YoY; 2023 guidance raised cat loss to 6.0 pts from 4.5.

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 financial results for second quarter ended June 30, 2023.

Period: second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 2, 2023, Selective Insurance Group, Inc. (the “Company”) issued a press release announcing results for the second quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0000230557-23-000020

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