Selective Insurance Group (SIGI) Tops Q2 EPS by 3c

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Go back to Selective Insurance Group (SIGI) Tops Q2 EPS by 3c

Selective Reports Net Income per Diluted Share of $0.58 and Operating Income per Diluted Share of $0.62 for the Second Quarter of 2015; Improves Full Year Ex-Catastrophe Statutory Combined Ratio Targe

July 29, 2015 4:15 PM EDT

BRANCHVILLE, N.J., July 29, 2015 /PRNewswire/ --

In the second quarter of 2015:

Net premiums written grew 11% GAAP combined ratio was 94.1% Statutory combined ratio was 93.5% After-tax net investment income declined 10% Total return on equity was 10.3% and operating return on equity was 11.0%

Selective Insurance Group, Inc. (NASDAQ: SIGI) today reported its financial results for the second quarter ended June 30, 2015. Net income per diluted share was $0.58, a 14% increase compared to $0.51 in 2014, and operating income1 per diluted share grew 35% to $0.62, compared to $0.46 in 2014.

"Our results... More