Selective Insurance Q3 net income $1.42/sh; NPW up 17%; dividend raised 17% to $0.35

SELECTIVE INSURANCE GROUP INC

2023-Q3 EPS reported $3.83 revenue$3,121,425,000

Q3 net income $86.9M ($1.42 diluted EPS); non-GAAP operating income $92.3M ($1.51).
Net premiums written $1.06B, up 17% YoY; combined ratio flat at 96.8% with 6.6 pts catastrophe losses.
After-tax net investment income $80.2M, up 56% YoY; full-year guidance raised to $310M from $300M.
Board declared 17% dividend increase to $0.35 per common share, payable Dec 1, 2023.
Standard Commercial Lines combined ratio improved to 94.7%; E&S 83.9%; Personal Lines weakened to 127.4% on higher cats.

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 third quarter ended September 30, 2023 results: net income net income per diluted common share of $1.42, EPS $1.42.

Period: third quarter ended September 30, 2023
Net income: net income per diluted common share of $1.42
EPS: $1.42
Result: reported results

Exact text from the filing

Selective Insurance Group, Inc. (NASDAQ: SIGI) reported financial results for the third quarter ended September 30, 2023, with net income per diluted common share of $1.42

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Source: SEC EDGAR

accession 0000230557-23-000029

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