---
schema_version: "secwatch.filing_event.v1"
accession: "0000230557-24-000010"
form_type: "8-K"
ticker: "SIGI"
cik: "0000230557"
company_name: "SELECTIVE INSURANCE GROUP INC"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:20:51.376114+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Selective Insurance Q1 net income $1.31/sh, combined ratio 98.2%; raises full-year guidance to 96.5%

## Summary
- Net income $80.2M ($1.31 diluted EPS); non-GAAP operating income $81.5M ($1.33).
- Combined ratio 98.2%, worsened 2.5 pts YoY due to $35M unfavorable prior year casualty reserve development.
- NPW up 16% to $1.16B; Standard Commercial renewal pure price +7.6%, stable retention 86%.
- After-tax net investment income $85.6M, up 17% YoY; book value per share $46.17 (+2% QoQ).
- Raised 2024 GAAP combined ratio guidance to 96.5% from 95.5%; net investment income estimate unchanged at $360M.

## SEC filing metadata
- accession: 0000230557-24-000010
- form_type: 8-K
- ticker: SIGI
- cik: 0000230557
- company_name: SELECTIVE INSURANCE GROUP INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/230557/000023055724000010/0000230557-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/230557/000023055724000010/sigi-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000230557-24-000010
- JSON: https://secwatch.observer/filing/0000230557-24-000010.json
- Plain text: https://secwatch.observer/filing/0000230557-24-000010.txt

## Key facts
- Earnings Releases
  SELECTIVE INSURANCE GROUP INC reported the first quarter ended March 31, 2024 results: net income $1.31 per diluted common share.
  - Period: the first quarter ended March 31, 2024
  - Net income: $1.31 per diluted common share
  - Result: reported results
  source text: On May 1, 2024, Selective Insurance Group, Inc. (the “Company”) issued a press release announcing results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/230557/000023055724000010/0000230557-24-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.