\n
<\/b>Return on Common Equity (“ROE”) of 11.2% and Non-GAAP Operating ROE1<\/sup> of 12.0%<\/b><\/p>\n
\nIn the first quarter of 2026:<\/p>\n
- \n
- \nNet premiums written (“NPW”) decreased 1% from the first quarter of 2025;<\/p>\n<\/li>\n
- \nThe GAAP combined ratio was 98.3%, compared to 96.1% in the first quarter of 2025;<\/p>\n<\/li>\n
- \nCommercial Lines renewal pure price increases averaged 7.1%, compared to 9.1% in the first quarter of 2025;<\/p>\n<\/li>\n
- \nAfter-tax net investment income was $113 million, up 18% from the first quarter of 2025;<\/p>\n<\/li>\n
- \nBook value per common share was $56.58, down modestly from last quarter; and<\/p>\n<\/li>\n
- \nAdjusted book value per common share1<\/sup> was $58.94, up 2% from last quarter.<\/p>\n<\/li>\n<\/ul>\n
BRANCHVILLE, N.J.–(BUSINESS WIRE<\/a>)–
\nSelective Insurance Group, Inc. (NASDAQ: SIGI) reported financial results for the first quarter ended March 31, 2026, with net income per diluted common share of $1.58 and non-GAAP operating income1<\/sup> per diluted common share of $1.69. ROE was 11.2% and non-GAAP operating ROE1<\/sup> was 12.0%.<\/p>\n\nFor the quarter, Selective’s combined ratio was 98.3%. Catastrophe losses were 6.2 points, and there was no net prior year casualty reserve development. NPW decreased 1% from a year ago due to a 6% decrease in Standard Personal Lines and a 1% decrease in Standard Commercial Lines. Renewal pure price increases were 7.2%. Net investment income increased 18% from a year ago, to $113 million after-tax, generating 13.3 points of annualized ROE in the quarter.<\/p>\n
\n\u201cOur operating ROE of 12% this quarter was in-line with our long-term target and marked our seventh consecutive quarter of double-digit operating returns. We delivered a solid start to the year, which keeps us on track to achieve our 2026 guidance. In addition, we returned 57% of after-tax net income through our regular dividend and $30 million of share repurchases, reinforcing our commitment to delivering long-term value,\u201d said John J. Marchioni, Chairman, President and Chief Executive Officer.<\/p>\n
\n\u201cNet premiums written decreased modestly in the quarter, reflecting a competitive environment and deliberate actions to further strengthen our performance. We view growth as an outcome of disciplined execution, and remain focused on delivering target underwriting profitability. This is supported by granular pricing, risk selection, and claims discipline.\u201d<\/p>\n
\n\u201cWith our talented employees, high-quality distribution partner relationships, and strong capital position, we are continuing to make investments to support diversifying, profitable growth across our business. We believe we are well positioned for the opportunities in front of us,\u201d concluded Mr. Marchioni.<\/p>\n
Operating Highlights<\/b><\/p>\n
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