secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIVE INSURANCE GROUP INC (SIGI)
CIK:        0000230557
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000230557-24-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/230557/000023055724000010/0000230557-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/230557/000023055724000010/sigi-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000230557-24-000010

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