Brief: Selective Insurance Group Posts Q3 Earnings Per Share $1.16

Selective Insurance

28/10/2020 20:26

Oct 28 (Reuters) - Selective Insurance Group Inc  SIGI.O :
    * SELECTIVE REPORTS STRONG THIRD QUARTER 2020 NET INCOME OF
$1.16
PER DILUTED SHARE AND NON-GAAP OPERATING INCOME(1) OF $1.06 PER
DILUTED SHARE; DIVIDEND INCREASED 9%, TO $0.25 PER SHARE
    * Q3 NON-GAAP OPERATING EARNINGS PER SHARE $1.06
    * Q3 EARNINGS PER SHARE $1.16
    * Q3 EARNINGS PER SHARE ESTIMATE $1.03 -- REFINITIV IBES
DATA
    * QTRLY NET PREMIUMS WRITTEN $719.5 MILLION VERSUS $676.9
MILLION
    * QTRLY NET PREMIUMS EARNED $694.5 MILLION VERSUS $653.6
MILLION
    * SEES GAAP COMBINED RATIO, EXCLUDING CATASTROPHE LOSSES,
BETWEEN
88% AND 89% IN 2020
    * SEES CATASTROPHE LOSSES OF 8.0 POINTS ON COMBINED RATIO IN
2020
    * SEES 2020 AFTER-TAX NET INVESTMENT INCOME OF $175 MILLION

Source text for Eikon:  ID:nPn82Lk9Ha 
Further company coverage:  SIGI.O 

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