Selective Insurance sees Q4 non-GAAP EPS $1.46, consensus $1.41

The Company expects pre-tax net catastrophe losses to total approximately $45.7M, including $46.1M of net losses from Winter Storm Elliott, which impacted 37 states, 26 of which are in the Company’s Standard Lines footprint. "Winter Storm Elliott impacted the majority of our standard lines footprint in late December with freezing temperatures, strong winds, and blizzard conditions, resulting in widespread and severe water-related property losses. Despite Winter Storm Elliott, we delivered strong financial results for the quarter with a 94.7% combined ratio, highlighting the earnings power of Selective’s business. For the year, we will report another year of double-digit growth in net premiums written, strong underwriting profitability, and a double-digit non-GAAP operating ROE that exceeded our target," said Chairperson, President and CEO, John J. Marchioni.