earnings
confidence high
sentiment positive
materiality 0.70
Selective Insurance Q1 net income $1.76/sh, combined ratio 96.1%, NPW up 7%
SELECTIVE INSURANCE GROUP INC
2025-Q1 EPS reported
$1.76
revenue$1,285,186,000
- Net income per diluted share $1.76; non-GAAP operating income $1.76/sh; combined ratio 96.1%, down 2.1 pts YoY.
- Net premiums written $1.24B, +7% YoY; renewal pure price +10.3% overall; Commercial Lines +9.1%.
- After-tax net investment income $96M (+12%); book value per share $50.33 (+5% QoQ); ROE 14.4%.
- Full-year 2025 guidance reaffirmed: GAAP combined ratio 96%-97%, after-tax NII ~$405M.
- Completed $400M senior note issuance in February; quarterly common dividend $0.38/sh, payable June 2.