secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIVE INSURANCE GROUP INC (SIGI)
CIK:        0000230557
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0000230557-24-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Selective Q3 EPS $1.47, combined ratio 99.5% with elevated cats; raises FY combined ratio guidance to 102.5%
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- Net income $90M ($1.47 diluted EPS); non-GAAP operating income $85.7M ($1.40 per share).
- Combined ratio 99.5% (2.7 pts worse YoY); catastrophe losses 13.4 pts (vs 6.6 pts) including $85M from Hurricane Helene.
- Net premiums written up 9% to $1,157.6M; renewal pure price in Standard Commercial Lines accelerated to 9.1%.
- After-tax net investment income $93M (+16%); book value per share $48.82 (+9% QoQ).
- FY2024 GAAP combined ratio guidance raised to 102.5% (from 101.5%); quarterly dividend +9% to $0.38/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/230557/000023055724000023/0000230557-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/230557/000023055724000023/sigi-20241021.htm
  HTML page:      https://secwatch.observer/filing/0000230557-24-000023

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