Selective Insurance Group, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 30, 2020 at 04:37 pm
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Selective Insurance Group, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced total revenue was USD 728.9 million compared to USD 643 million a year ago. Net income was USD 81.9 million compared to USD 45.8 million a year ago. Diluted earnings per share was USD 1.36 compared to USD 0.76 a year ago. For the full year, total revenue was USD 2,846.5 million compared to USD 2,586.1 million a year ago. Net income was USD 271.6 million compared to USD 178.9 million a year ago. Diluted earnings per share was USD 4.53 compared to USD 3 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. 
