Q3 2022 Selective Insurance Group Inc Earnings Call Transcript

Nov 03, 2022 / 02:00PM GMT
Operator

Good day, everyone, and welcome to Selective Insurance Group's Third Quarter 2022 Earnings Call. At this time, for opening remarks and introductions, I would like to turn the call over to Senior Vice President, Investor Relations and Treasurer, Rohan Pai.

Rohan Pai - Selective Insurance Group, Inc. - Senior VP of IR & Treasurer

Good morning, everyone. We're simulcasting this call on our website, selective.com. The replay is available until December 4. We use 3 measures to discuss our results and business operations. First, we use GAAP financial measures reported in our annual, quarterly and current reports filed with the SEC. Second, we use non-GAAP operating measures, which we believe make it easier for investors to evaluate our insurance business.

Non-GAAP operating income is net income available to common stockholders, excluding the after-tax impact of net realized gains or losses on investments and unrealized gains or losses on equity securities. Non-GAAP operating return on common equity is non-GAAP operating income divided by average common

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