Selective Insurance Group Inc (NAS:SIGI)
$ 100.58 -1.51 (-1.48%) Market Cap: 6.11 Bil Enterprise Value: 6.91 Bil PE Ratio: 27.11 PB Ratio: 2.06 GF Score: 78/100
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Q1 2023 Selective Insurance Group Inc Earnings Call Transcript

May 04, 2023 / 02:00PM GMT
Release Date Price: $102.61 (+2.69%)
Operator

Good day, everyone. Welcome to Selective Insurance Group's First Quarter 2023 Earnings Call. At this time, for opening remarks and introductions, I would like to turn the call over to Investor Relations analyst, Haley Chrobock.

Haley Chrobock

Good morning. We are simulcasting this call on our website, selective.com. Replay is available until June 2. We use three measures to discuss our results and business operations. First, we use GAAP financial measures reported in our annual, quarterly and current reports filed with the SEC. Second, we use non-GAAP operating measures, which we believe make it easier for investors to evaluate our insurance business. Non-GAAP operating income is net income available to common stockholders, excluding the after-tax impact of net realized gains or losses on investments and unrealized gains or losses on equity securities.

Non-GAAP operating return on common equity is non-GAAP operating income divided by average common stockholders' equity. Adjusted book value per common share differs from book value per common share by the

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