Untitled Document

Fundamentals

Income Statement

Selective Insurance Group, Inc. & Consolidated Subsidiaries
Unaudited Consolidated Statements of Income

Quarter Ended March 31,
($ in thousands, except per share amounts)   2017   2016
Revenues:        
Net premiums earned $ 560,854   522,458
Net investment income earned   37,419   30,769
Net realized losses:        
Net realized investment gains   2,430   889
Other-than-temporary impairments   (3,475)   (3,593)
Total net realized losses   (1,045)   (2,704)
Other income   3,241   951
Total revenues   600,469   551,474
         
Expenses:        
Losses and loss expenses incurred   317,472   297,144
Policy acquisition costs   196,228   183,227
Interest expense   6,106   5,606
Other expenses   13,089   13,622
Total expenses   532,895   499,599
         
Income before federal income tax   67,574   51,875
         
Federal income tax expense:        
Current   14,273   14,084
Deferred   2,861   759
Total federal income tax expense   17,134   14,843
         
Net income $ 50,440   37,032
         
Earnings per share:        
Basic net income $ 0.87   0.64
         
Diluted net income $ 0.85   0.63
         
Dividends to stockholders $ 0.16   0.15