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<\/b>Return on Common Equity (“ROE”) of 15.1% and Non-GAAP Operating ROE1<\/sup> of 16.9%<\/b><\/p>\n
Quarterly Dividend Increased 12%; New $200 Million Share Repurchase Program Authorized<\/b><\/p>\n
\nIn the third quarter of 2026:<\/p>\n
- \n
- \nThe GAAP combined ratio was 96.8%, compared to 98.6% in the third quarter of 2025;<\/p>\n<\/li>\n
- \nNet premiums written (“NPW”) decreased 7% from the third quarter of 2025;<\/p>\n<\/li>\n
- \nAfter-tax net investment income was $127 million, up 16% from the third quarter of 2025;<\/p>\n<\/li>\n
- \nBook value per common share was $55.02, down 5% from last quarter, primarily due to higher interest rates; and<\/p>\n<\/li>\n
- \nAdjusted book value per common share\u00b9 was $62.00, up 2% from last quarter.<\/p>\n<\/li>\n<\/ul>\n
SHORT HILLS, N.J.–(BUSINESS WIRE<\/a>)–
\nSelective Insurance Group, Inc. (Nasdaq: SIGI) reported financial results for the third quarter ended September 30, 2026, with net income per diluted common share of $2.11 and non-GAAP operating income1<\/sup> per diluted common share of $2.37. ROE was 15.1% and non-GAAP operating ROE1<\/sup> was 16.9%.<\/p>\n\n\u201cOperating ROE was 16.9% in the quarter, with excellent investment income and improved underwriting performance, led by a lower loss ratio. These results reflect our disciplined underwriting approach and continued progress to improve profitability,\u201d said John J. Marchioni, Chairman, President and Chief Executive Officer.<\/p>\n
\nFor the quarter, Selective’s combined ratio was 96.8%. Catastrophe losses were 5.4 points, and there was no prior year casualty reserve development at the segment or line of business level. NPW decreased 7% from a year ago driven by an 8% decrease in Standard Commercial Lines. Renewal pure price increases averaged 5.6%. Net investment income increased 16% from a year ago, to $127 million after-tax, generating 15.2 points of annualized ROE in the quarter.<\/p>\n
\n\u201cWe remain focused on maintaining underwriting and pricing rigor in a competitive marketplace. This includes executing targeted pricing actions, improving the quality and mix of our portfolio, and remaining disciplined in our approach to new business growth. These actions have affected near-term premium growth, but we believe improving our portfolio’s mix and profitability are the foundation for sustainable, profitable growth over time. We are increasingly leveraging data and technology to enhance underwriting and claims decision-making, increase operational effectiveness, and amplify the expertise of our employees. These investments strengthen our ability to consistently deliver value to customers, distribution partners, shareholders, and employees,\u201d continued Mr. Marchioni.<\/p>\n
\n\u201cDuring the quarter, we returned 63% of after-tax net income through our regular dividend and $55 million of opportunistic share repurchases. Our strong capital position provides the flexibility to invest in attractive growth opportunities, maintain a competitive dividend, and return capital to shareholders. Based on the strength of our balance sheet and operating results, we increased our quarterly dividend by 12% to $0.48 per share, marking our thirteenth consecutive annual increase. The Board of Directors also approved a new $200 million share repurchase authorization, adding to the $53 million remaining on our existing authorization as of September 30, 2026. This reinforces our disciplined approach to capital management and commitment to long-term shareholder value,\u201d concluded Mr. Marchioni.<\/p>\n
Operating Highlights<\/b><\/p>\n
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