Selective Insurance Group (SIGI) Tops Q4 EPS by 1c
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Selective Reports Fourth Quarter 2022 Results, Including Net Income of $1.38 per Diluted Common Share and Non-GAAP Operating Income(1) of $1.46 per Diluted Common Share
February 2, 2023 4:15 PM ESTFourth Quarter 2022 Return on Common Equity ("ROE") of 14.8% and Non-GAAP Operating ROE1 of 15.6%
Full Year 2022 ROE of 8.8% and Non-GAAP Operating ROE1 of 12.4%
In the fourth quarter of 2022, we reported:
Net premiums written ("NPW") increased 14% compared to the fourth quarter of 2021;GAAP combined ratio of 94.7%, compared to 93.1% in the fourth quarter of 2021;Commercial Lines renewal pure price increases averaged 5.6%, compared to 5.0% in the fourth quarter of 2021;After-tax net investment income of $65 million, up 1% compared to the fourth quarter... More