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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.
Selective Insurance
Selective Insurance
Selective Insurance Revenue by Segment
Revenue by Segment
Standard Commercial Lines Revenue
CapyFin.comStandard Personal Lines Revenue
CapyFin.comExcess and Surplus Lines Revenue
CapyFin.com 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