Selective Insurance Group (SIGI) Misses Q4 EPS by 37c
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Selective Reports Fourth Quarter and Year-End 2024 Results
January 29, 2025 4:15 PM ESTFourth Quarter Net Income of $1.52 per Diluted Common Share and Non-GAAP Operating Income1 of $1.62 per Diluted Common Share; Return on Common Equity ("ROE") of 12.7% and Non-GAAP Operating ROE1 of 13.5%
Full Year 2024 ROE of 7.0% and Non-GAAP Operating of ROE1 7.1%
In the fourth quarter of 2024:
Net premiums written ("NPW") increased 10% from the fourth quarter of 2023; The GAAP combined ratio was 98.5%, compared to 93.7% in the fourth quarter of 2023; Commercial Lines renewal pure price increases averaged 8.8%, up 1.5 points from 7.3% in the fourth quarter of 2023; After-tax net... More