Selective Insurance Group (SIGI) Tops Q2 EPS by 64c

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Selective Reports Excellent Second Quarter 2021 Results, Including Net Income of $1.98 per Diluted Common Share, Annualized Return on Common Equity ("ROE") of 18.3%, Non-GAAP Operating Incom

July 28, 2021 4:15 PM EDT

BRANCHVILLE, N.J., July 28, 2021 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ: SIGI) today reported financial results for the second quarter ended June 30, 2021, with net income per diluted common share of $1.98 and non-GAAP operating income1 per diluted common share of $1.85. The annualized non-GAAP operating ROE was 17.1% for the quarter and 16.4% for the first half of the year. The second quarter combined ratio was a solid 89.8%, with all insurance segments delivering profitable results. Overall NPW increased 15% from a year ago during the second quarter, driven by strong new business growth of 16%, renewal pure price... More