selective insurance group (SIGI) Snapshot

Selective Insurance Group Inc. announced the appointment of Gordon J. Gaudet as Executive Vice President, Chief Information Officer (CIO). Gaudet will assume responsibility for all Information Technology operations at Selective. He has spent the last nine years as a director and co-lead of Deloitte Consulting's Insurance Core System Transformation practice in Chicago and served on the Systems Integration advisory boards for Program/Project Management and Delivery Methods and Tools.

Selective Insurance Group Inc.'s Board of Directors declared a $0.13 per share quarterly cash dividend on common stock payable June 3, 2013 to stockholders of record as of May 15, 2013. The company reported earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net premiums written of $450,124,000 compared to $420,172,000 a year ago. Net premiums earned were $420,940,000 compared to $378,829,000 a year ago. Net investment income earned was $32,870,000 compared to $32,628,000 a year ago. Operating income was $20,124,000 or $0.36 per diluted share compared to $15,260,000 or $0.28 per diluted share a year ago. Net income was $21,308,000 or $0.38 diluted per share compared to $18,093,000 or $0.33 diluted per share a year ago. Book value per share as at March 31, 2013 was $20.46 compared to $19.76 as at March 31, 2012. The company provided earnings guidance for the year 2013. The company currently estimates investment income of approximately $90 million to $95 million after tax and weighted average shares at year end 2013 are anticipated to be approximately 56 million.

Selective Insurance Group Inc.(NYSE:SGZA) added to S&P Preferred Stock Index