secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIVE INSURANCE GROUP INC (SIGI)
CIK:        0000230557
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0000230557-24-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Selective Insurance Q2 net loss $1.08/sh; guidance raised to 101.5% combined ratio
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- Net loss of $65.6M ($1.08 diluted EPS); non-GAAP operating loss of $1.10 per share.
- GAAP combined ratio 116.1%, up 15.9 pts YoY, driven by $176M unfavorable prior year casualty reserve development (16.3 pts).
- NPW up 13% to $1.226B; renewal pure price +9.1% across all segments.
- 2024 combined ratio guidance raised to 101.5% from 96.5%; catastrophe estimate raised to 5.5 points.
- Quarterly dividend declared $0.35 per common share, payable Sept 3, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/230557/000023055724000018/0000230557-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/230557/000023055724000018/sigi-20240718.htm
  HTML page:      https://secwatch.observer/filing/0000230557-24-000018

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