Selective Insurance Group (SIGI) Misses Q3 EPS by 23c
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Selective Reports Third Quarter 2022 Results, Including Net Income of $0.66 per Diluted Common Share and Non-GAAP Operating Income(1) of $0.99 per Diluted Common Share
November 2, 2022 4:15 PM EDTThird Quarter Return on Common Equity ("ROE") of 7.0% and Non-GAAP Operating ROE1 of 10.5%
In the third quarter of 2022, we reported:
Net premiums written ("NPW") increased 11% compared to the third quarter of 2021;GAAP combined ratio of 96.8%;Commercial Lines renewal pure price increases averaged 5.8%, compared to 5.3% in the second quarter of 2022;After-tax net investment income of $52 million, down 31% compared to the third quarter of 2021;Book value per common share of $36.96, down 7% in the third quarter; andAdjusted book value per common share¹ of $44.59, up 1% in the third... More