Selective Insurance Group, Inc., along with its subsidiaries, delivers diverse insurance solutions throughout the United States. The company operates through four distinct segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines (Excess & Surplus), and Investments. It underwrites various insurance policies, including property coverage designed to protect against financial losses from accidental damage or destruction of real estate, personal belongings, or loss of income. Selective also offers casualty insurance, which covers liabilities arising from employee workplace injuries, or bodily injury and property damage caused to third parties. Flood insurance products are also part of its offerings. In addition to its core insurance underwriting, Selective manages an investment portfolio comprising fixed-income assets, commercial mortgage loans, equity securities, and alternative investments. Its insurance offerings and services cater to a wide range of clients, including businesses, non-profit organizations, local government entities, and private individuals. These are accessed through a network of independent retail agents and wholesale general agents. Founded in 1926, Selective Insurance Group, Inc. maintains its headquarters in Branchville, New Jersey.
Selective Reports Second Quarter 2026 Results
Selective Insurance reported Q2 EPS of $2.11, up 55% year-over-year, driven by strong underwriting discipline and improved investment income. The GAAP combined ratio improved to 98.0% from 100.2% in the prior year quarter, reflecting lower catastrophe losses and no unfavorable prior year casualty reserve development.
Management raised full-year guidance for after-tax net investment income to $480 million, up from the initial $465 million estimate. During the quarter, the company returned 45% of after-tax net income through dividends and $32 million in share repurchases.
Book value per share grew 3% sequentially to $58.13, despite the capital return activities, supported by an ROE of 14.8% for the quarter.