Brief: Selective Insurance Group Sees Q2 Non-GAAP Operating Earnings Per Share $0.35 To $0.40

Selective Insurance

14/07/2020 21:19

July 14 (Reuters) - Selective Insurance Group Inc  SIGI.O :
    * SELECTIVE INSURANCE GROUP ANNOUNCES PRELIMINARY SECOND
QUARTER
CATASTROPHE LOSSES AND EARNINGS PER SHARE
    * SEES Q2 NON-GAAP OPERATING EARNINGS PER SHARE $0.35 TO
$0.40
    * SEES Q2 EARNINGS PER SHARE $0.55 TO $0.60
    * PRELIMINARY Q2 2020 PRE-TAX NET CATASTROPHE LOSSES
TOTALING
APPROXIMATELY $83 MILLION
    * SELECTIVE INSURANCE GROUP - MAINLY DUE TO HIGHER THAN
EXPECTED
CATASTROPHE LOSSES, CO EXPECTS ITS Q2 COMBINED RATIO TO BE IN
RANGE OF 98% TO 99%
    * SEES FY 2020 GAAP COMBINED RATIO, EXCLUDING CATASTROPHE
LOSSES,
OF BETWEEN 90.0% AND 91.0%
    * SEES FY 2020 CATASTROPHE LOSSES OF 6.0 POINTS ON COMBINED
RATIO

Source text for Eikon:  ID:nPn28fv0Ka 
Further company coverage:  SIGI.O 

 ((Reuters.Briefs@thomsonreuters.com;))