earnings
confidence high
sentiment negative
materiality 0.70
Selective Insurance Q4 preliminary EPS $1.38, combined ratio 94.7%, Winter Storm Elliott $46.1M loss
SELECTIVE INSURANCE GROUP INC
2022-FY EPS reported
$3.54
revenue$3,558,062,000
- Q4 2022 preliminary diluted EPS $1.38; non-GAAP operating EPS $1.46.
- Combined ratio 94.7% with 5.2 pts catastrophe losses, 4.4 pts favorable prior year development.
- Pre-tax net catastrophe losses ~$45.7M, primarily Winter Storm Elliott ($46.1M net).
- Total negative underwriting impact from Winter Storm Elliott $57.8M pre-tax ($0.75 per share).
- Net investment income after-tax $65.5M (incl. $0.1M alternative investment income).