Selective Insurance Group: How Capital Allocation & Financial Flexibility Are Enabling The Capitalization On Emerging Growth Prospects? 

Selective Insurance Group, Inc. presented its 2024 financial results amidst a challenging backdrop. A key highlight was the company’s operating return on equity (ROE), which landed at 7.1%, falling short of their targeted 12%. Despite this, Selective closed the year with a robust capital stance and financial flexibility conducive to strategic expansion. In 2024, Selective witnessed a 12% rise in net premiums written, achieved an underlying combined ratio of 89.4%, and saw their book value per share increase by 6%. The investment sector performed strongly, contributing a noteworthy 12.8 points to the company’s ROE with after-tax net investment income recorded at $363 million. The company’s efforts to expand the operational footprint of its Standard Commercial Lines and enhance the Personal Lines and Excess and Surplus Lines (E&S) technology infrastructure indicated significant strategic progress.