Selective Reports Second Quarter 2024 Results

Selective's Board of Directors declared: A GAAP combined ratio of 101.5%, up five points from our prior guidance of 96.5%. Our combined ratio estimate includes net catastrophe losses of 5.5 points, up from prior guidance of 5.0 points. Our combined ratio estimate assumes no additional prior year casualty reserve development; After-tax net investment income of $360 million that includes $32 million from alternative investments; An overall effective tax rate of approximately 21.0%, which assumes an effective ...