Selective Insurance Group (SIGI) Misses Q1 EPS by 18c

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Selective Reports First Quarter 2020 Net Income of $0.25 per Diluted Share and Non-GAAP Operating Income¹ of $0.84 per Diluted Share

May 5, 2020 4:15 PM EDT

BRANCHVILLE, N.J., May 5, 2020 /PRNewswire/ --

In the first quarter of 2020:

COVID-19-related underwriting items totaled $19.3 million after-tax, which reduced diluted earnings per share by $0.32, increased the combined ratio by 3.5 points, decreased net premiums written ("NPW") by 11%, and reduced annualized return on... More