Edition:
India

Selective Insurance Group Sees Q2 Non-GAAP Operating Earnings Per Share $0.35 To $0.40


Wednesday, 15 Jul 2020 

July 14 (Reuters) - Selective Insurance Group Inc ::SELECTIVE INSURANCE GROUP ANNOUNCES PRELIMINARY SECOND QUARTER CATASTROPHE LOSSES AND EARNINGS PER SHARE.SEES Q2 NON-GAAP OPERATING EARNINGS PER SHARE $0.35 TO $0.40.SEES Q2 EARNINGS PER SHARE $0.55 TO $0.60.PRELIMINARY Q2 2020 PRE-TAX NET CATASTROPHE LOSSES TOTALING APPROXIMATELY $83 MILLION.SELECTIVE INSURANCE GROUP - MAINLY DUE TO HIGHER THAN EXPECTED CATASTROPHE LOSSES, CO EXPECTS ITS Q2 COMBINED RATIO TO BE IN RANGE OF 98% TO 99%.SEES FY 2020 GAAP COMBINED RATIO, EXCLUDING CATASTROPHE LOSSES, OF BETWEEN 90.0% AND 91.0%.SEES FY 2020 CATASTROPHE LOSSES OF 6.0 POINTS ON COMBINED RATIO.