Investor Presentaiton
Strong Capital and Liquidity Position, Greater Expense Focus
Capital and Liquidity Plan
•
Debt-to-capital ratio of 15.9%
NPW-to-surplus ratio of ~1.46x is in the
•
.
middle of our target range of 1.35x - 1.55x
Parent company cash and investments
totaling $497M is in excess of our target of
2x annual recurring outflow
Instituted opportunistic $100M share
repurchase authorization in 2020; $84.2M
remained as of 3/31/23
• Investing in the business currently provides
the most attractive capital deployment
opportunities
SELECTIVE
INSURANCE®
•
Expense Management
Expecting expense ratio pressure in 2023 due
to higher reinsurance costs; targeting
improvement over the next few years
Areas for operational enhancements include:
-
Workflow and process improvements
Robotics and artificial intelligence
Talent development
Product innovation
Note: Financial statistics are as of March 31, 2023
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