Selective Reports Second Quarter 2022 Results, Including Net Income of $0.61 per Diluted Common Share and Non-GAAP Operating Income1 of $1.17 per Diluted Common Share

Second Quarter Return on Common Equity ("ROE") of 6.0% and Non-GAAP Operating ROE¹ of 11.4%

In the second quarter of 2022, we reported:

BRANCHVILLE, N.J., Aug. 3, 2022 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) reported financial results for the second quarter ended June 30, 2022, with net income per diluted common share of $0.61 and non-GAAP operating income¹ per diluted common share of $1.17. The second quarter combined ratio was a profitable 95.5%, with 5.5 points of catastrophe losses, mainly tied to severe Midwest weather impacting the Company's Standard Personal Lines segment. The non-GAAP operating ROE was 11.4%, and NPW increased 12% from a year ago. NPW increased 12% in our Standard Commercial Lines segment and 13% in our E&S segment, both driven by renewal pure price increases, solid retention, and exposure growth.  Our Standard Personal Lines segment generated NPW growth of 5%. For the quarter, the Investments segment contributed 9.1 points of annualized ROE.