\n
<\/b>Return on Common Equity (“ROE”) of 14.8% and Non-GAAP Operating ROE1<\/sup> of 13.7%<\/b><\/p>\n
\nIn the second quarter of 2026:<\/p>\n
- \n
- \nNet premiums written (“NPW”) decreased 5% from the second quarter of 2025;<\/p>\n<\/li>\n
- \nThe GAAP combined ratio was 98.0%, compared to 100.2% in the second quarter of 2025;<\/p>\n<\/li>\n
- \nCommercial Lines renewal pure price increases averaged 6.5%, compared to 8.9% in the second quarter of 2025;<\/p>\n<\/li>\n
- \nAfter-tax net investment income was $119 million, up 18% from the second quarter of 2025;<\/p>\n<\/li>\n
- \nBook value per common share was $58.13, up 3% from last quarter; and<\/p>\n<\/li>\n
- \nAdjusted book value per common share1<\/sup> was $60.56, up 3% 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 second quarter ended June 30, 2026, with net income per diluted common share of $2.11 and non-GAAP operating income1<\/sup> per diluted common share of $1.95. ROE was 14.8% and non-GAAP operating ROE1<\/sup> was 13.7%.<\/p>\n\nFor the quarter, Selective’s combined ratio was 98.0%. Catastrophe losses were 5.6 points, and there was no net prior year casualty reserve development. NPW decreased 5% from a year ago driven by a 6% decrease in Standard Commercial Lines. Renewal pure price increases were 6.5%. Net investment income increased 18% from a year ago, to $119 million after-tax, generating 13.9 points of annualized ROE in the quarter.<\/p>\n
\n\u201cOur results reflect disciplined execution in an increasingly competitive environment. Operating ROE in the quarter was 13.7%, which marked our eighth consecutive quarter of double-digit operating returns. With our strong capital position and commitment to delivering long-term value, we returned 45% of after-tax net income through our regular dividend and $32 million of share repurchases. Even with this capital return, book value per share grew 3% in the quarter,\u201d said John J. Marchioni, Chairman, President and Chief Executive Officer.<\/p>\n
\n\u201cOver the last two years, we have taken deliberate actions to improve the quality and long-term profitability of our underwriting portfolio. While those decisions contributed to lower premium in the quarter, they reflect the underwriting discipline that has long differentiated Selective and our commitment to pursuing growth where risk-adjusted returns are most attractive.\u201d<\/p>\n
\n\u201cDuring the second quarter, we celebrated our 100th year in business and 50th year as a publicly traded company \u2013 milestones made possible by the talented employees, high-quality distribution partners, customers, and investors who have fueled our success. Having successfully navigated a century of market cycles, we remain confident in our ability to adapt, execute, and create long-term value. The actions we are taking to strengthen our portfolio reflect the same disciplined approach that has guided Selective\u2019s success and position us well to deliver sustainable, profitable growth over the long-term,\u201d concluded Mr. Marchioni.<\/p>\n
Operating Highlights<\/b><\/p>\n
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