Selective Insurance Group Inc. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2013
January 31, 2014 at 02:45 am IST
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Selective Insurance Group Inc. reported earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company's total revenues were $488,034,000 against $448,975,000 a year ago. Operating income was $26,120,000 or $0.45 diluted per share against loss of $2,293,000 or $0.04 diluted per share a year ago. Net income was $25,335,000 or $0.44 diluted per share against $1,308,000 or $0.02 diluted per share a year ago. Book value per share was $20.63 against $19.77 a year ago.
For the full year, the company's total revenues were $1,903,741,000 against $1,734,102,000 a year ago. Operating income was $93,939,000 or $1.65 diluted per share against $32,121,000 or $0.58 diluted per share a year ago. Net income was $106,418,000 or $1.87 diluted per share against $37,963,000 or $0.68 diluted per share a year ago. Book value per share was $20.63 against $19.77 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. 
