Selective Insurance Group (SIGI) Misses Q3 EPS by 12c

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Selective Reports Solid Third Quarter 2021 Results, Including Net Income of $1.18 per Diluted Common Share, Annualized Return on Common Equity ("ROE") of 10.6%, Non-GAAP Operating Income(1)

October 27, 2021 4:15 PM EDT

BRANCHVILLE, N.J., Oct. 27, 2021 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ: SIGI) reported financial results for the third quarter ended September 30, 2021, with net income per diluted common share of $1.18. Non-GAAP operating income1 per diluted common share was also $1.18. The third quarter combined ratio was a profitable 98.6%, despite $76 million of net catastrophe losses, or 10.0 points on the combined ratio. Hurricane Ida accounted for $43 million of net catastrophe losses, with a number of other events accounting for the remainder. Overall NPW increased 13% from a year ago, driven primarily by continued renewal pure price... More