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AI brief of an SEC Form 8-K · Selective Insurance (SIGI)

Selective Q4 net income falls 24% to $93 million as reserve charge lifts combined ratio

Mixed Impact 3 of 5 earnings Written later

Selective Insurance Group reported fourth-quarter 2024 results on January 29, 2025. Net premiums written rose 10%, but net income available to common stockholders fell 24% and the GAAP combined ratio rose to 98.5% from 93.7%, driven by $100 million of unfavorable prior-year casualty reserve development. The company also gave 2025 expectations, including a combined ratio of 96% to 97%, which shareholders can compare with 2024 results.

Key points

  • Q4 2024 net income per diluted share was $1.52, down from $2.01 a year earlier; non-GAAP operating income per share was $1.62, down from $1.94.
  • Net premiums written rose 10% to $1.09 billion, and total revenues rose 13% to $1.26 billion.
  • Full-year 2024 net income per diluted share was $3.23, down from $5.84; the full-year combined ratio was 103.0%.
  • 2025 guidance: GAAP combined ratio of 96% to 97%, after-tax net investment income of $405 million, and 61.5 million weighted average diluted shares.

The filing

CompanySelective Insurance (SIGI)
Form8-K, current report
Filed with the SECJan 29, 2025, 4:21 PM ET
Accession number0000230557-25-000003

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 29, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.