Selective Insurance Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 31, 2024 at 04:19 pm EST
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Selective Insurance Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 1,110.7 million compared to USD 952.2 million a year ago. Net income was USD 124.8 million compared to USD 86.5 million a year ago. Diluted earnings per share from continuing operations was USD 2.01 compared to USD 1.38 a year ago.
For the full year, revenue was USD 4,232.1 million compared to USD 3,558.1 million a year ago. Net income was USD 365.2 million compared to USD 224.9 million a year ago. Diluted earnings per share from continuing operations was USD 5.84 compared to USD 3.54 a year ago.
Selective Insurance Group, Inc. is a holding company, which owns ten property and casualty insurance subsidiaries that sell products and services only in the United States. The Company's segments include Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. The Standard Commercial Lines segment includes property and casualty insurance products and services to commercial enterprises, typically businesses, non-profit organizations, and local government agencies. The Standard Personal Lines segment consists of property and casualty insurance products and services, including flood insurance coverage sold through the Write Your Own program of the National Flood Insurance Program. The E&S Lines segment consists of property and casualty insurance products and services to commercial customers unable to obtain coverage in the standard marketplace. The Investment segment invests insurance premiums and amounts generated through its capital management strategies.
SELECTIVE INSURANCE GROUP, INC. 
