Selective Insurance Group, Inc. Q2 2026 Earnings Release

Selective Insurance Group, Inc. reported its financial results for the second quarter ended June 30, 2026. The company announced a net income per diluted common share of $2.11 and a non-GAAP operating income per diluted common share of $1.95. The return on common equity (ROE) was 14.8%, with a non-GAAP operating ROE of 13.7%. The GAAP combined ratio improved to 98.0% from 100.2% in the prior year's second quarter. Net premiums written (NPW) decreased by 5% year-over-year, attributed to a 6% decrease in Standard Commercial Lines, while renewal pure price increases averaged 6.5%. After-tax net investment income rose by 18% to $119 million. Book value per common share increased by 3% to $58.13, and adjusted book value per common share also grew by 3% to $60.56. The company highlighted its disciplined execution in a competitive market, achieving its eighth consecutive quarter of double-digit operating returns. Selective returned 45% of its after-tax net income through dividends and share repurchases totaling $32 million. The company celebrated its 100th anniversary and reiterated its commitment to long-term value creation through underwriting discipline and strategic portfolio management.