Selective Insurance Group (SIGI) Misses Q2 EPS by 6c
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Selective Reports Second Quarter 2022 Results, Including Net Income of $0.61 per Diluted Common Share and Non-GAAP Operating Income1 of $1.17 per Diluted Common Share
August 3, 2022 4:16 PM EDTSecond Quarter Return on Common Equity ("ROE") of 6.0% and Non-GAAP Operating ROE1 of 11.4%
In the second quarter of 2022, we reported:
Net premiums written ("NPW") increased 12% compared to the second quarter of 2021; GAAP combined ratio of 95.5%;Commercial Lines renewal pure price increases averaged 5.3%, compared to 4.8% in the first quarter of 2022;After-tax net investment income of $57 million, down 16% compared to the second quarter of 2021;Book value per common share of $39.68, down 7% in the second quarter; andAdjusted book value per common share¹ of $44.18, up 1% in the second... More