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Dec 31, 2019
Selective Insurance Q4 2019 Earnings Report
Selective Insurance reported record financial results with record net income per diluted share and non-GAAP operating income per diluted share.
Key Takeaways
Selective Insurance Group reported record financial results for Q4 2019, with net income per diluted share of $1.36 and non-GAAP operating income per diluted share of $1.37. Net premiums written increased by 8%, and the GAAP combined ratio was 91.8%.
Net premiums written increased 8%.
GAAP combined ratio was 91.8%.
Overall renewal pure price averaged 3.8%.
After-tax net investment income was up 6% to $47 million.
Revenue by Segment
Forward Guidance
For 2020, Selective expects a GAAP combined ratio, excluding catastrophe losses, of 91.5%, catastrophe losses of 3.5 points, after-tax net investment income of $185 million, an overall effective tax rate of approximately 19.5%, and weighted average shares outstanding of 60.5 million.
Positive Outlook
- Selective expects to generate GAAP combined ratio, excluding catastrophe losses, of 91.5%.
- Catastrophe losses are expected to be 3.5 points.
- After-tax net investment income is projected to be $185 million.
- The overall effective tax rate is expected to be approximately 19.5%.
- Weighted average shares outstanding are estimated to be 60.5 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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