Selective Q4 net income $2.01/share; combined ratio 93.7%; guides 2024 at 95.5% CR

SELECTIVE INSURANCE GROUP INC

2023-FY EPS reported $5.84 revenue$4,232,106,000

Q4 GAAP EPS $2.01, non-GAAP operating EPS $1.94; combined ratio improved 1.0 pt YoY to 93.7%.
Net premiums written rose 17% to $991.5M; full-year NPW exceeded $4B for first time.
Standard Personal Lines combined ratio worsened to 116.9% (vs 99.9%) driven by personal auto losses.
After-tax net investment income $78M (+20% YoY); full-year $310M (+33%).
2024 guidance: combined ratio 95.5% (5.0 pts cats), after-tax NII $360M, effective tax ~21%.

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 0.9

SELECTIVE INSURANCE GROUP INC reported the fourth quarter ended December 31, 2023 results: net income $2.01 per diluted common share, EPS $2.01.

Period: the fourth quarter ended December 31, 2023
Net income: $2.01 per diluted common share
EPS: $2.01
Result: reported results

Exact text from the filing

On January 31, 2024, Selective Insurance Group, Inc. (the “Company”) issued a press release announcing results for the fourth quarter ended December 31, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SELECTIVE INSURANCE GROUP INC reported the year ended December 31, 2023 results: net income $5.84 per diluted common share, EPS $5.84.

Period: the year ended December 31, 2023
Net income: $5.84 per diluted common share
EPS: $5.84
Result: reported results

Exact text from the filing

On January 31, 2024, Selective Insurance Group, Inc. (the “Company”) issued a press release announcing results for the fourth quarter ended December 31, 2023.

View on SEC.gov

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SELECTIVE INSURANCE GROUP INC filing history →

Source: SEC EDGAR

accession 0000230557-24-000002

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