Selective Insurance Group Inc (NAS:SIGI)
$ 96.81 -0.97 (-0.99%) Market Cap: 5.89 Bil Enterprise Value: 6.65 Bil PE Ratio: 17.10 PB Ratio: 2.10 GF Score: 81/100
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Q2 2023 Selective Insurance Group Inc Earnings Call Transcript

Aug 03, 2023 / 03:00PM GMT
Release Date Price: $101.9 (-2.41%)
Operator

Good day, everyone. Welcome to Selective Insurance Group's Second Quarter 2023 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, Brad Wilson.

Brad Wilson

Thanks, and good morning. We are simulcasting this call on our website, selective.com, and a replay will be available until September 1st. 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 makes 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 stockholders' equity. Adjusted book value per common share differs from

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