Selective Insurance Group, Inc. (SIGI) Q4 2023 Earnings Call Transcript

Selective Insurance Group, Inc. (NASDAQ:SIGI) Q4 2023 Earnings Conference Call February 1, 2024 11:00 AM ET

Company Participants

Brad Wilson – Vice President, Investor Relations and Treasurer
John Marchioni – President and Chief Executive Officer
Tony Harnett – Senior Vice President, Chief Accounting Officer, and Interim Chief Financial Officer

Conference Call Participants

Michael Phillips – Oppenheimer
Mike Zaremski – BMO
Paul Newsome – Piper Sandler
Scott Heleniak – RBC Capital Markets
Meyer Shields – KBW

Operator

Good day, everyone, and welcome to Selective Insurance Group's Fourth 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

Good morning, and thank you for joining us for Selective's fourth quarter and full year 2023 earnings conference call. Yesterday, we posted our earnings press release and financial supplement on selective.com under the Investors section. A replay of this webcast will be available there shortly after the end of this call.

Today, we will discuss our financial performance, market conditions, and our expectations for 2024. Joining us on the call are John Marchioni, our Chairman of the Board, President and Chief Executive Officer; and Tony Harnett, our Senior Vice President, Chief Accounting Officer, and Interim Chief Financial Officer. They will make remarks before we move to our Q&A session.

We're excited to welcome Tony to his first conference call since becoming Interim CFO. He's been with Selective since 1999 and has held several senior finance positions. Our commentary today includes references to non-GAAP measures, which we believe make it easier for investors to evaluate our insurance business. These non-GAAP measures include operating income, operating return on common equity, and adjusted book value per common share.

We include GAAP reconciliations to any referenced