SIGI

Looking back on property & casualty insurance stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Selective Insurance Group (NASDAQ:SIGI) and its peers. Property & Casualty (P&C) insurers protect individuals and businesses against financial loss from damage to property or from legal liability. This is a cyclical industry, and the sector benefits when there is 'hard market', characterized by strong premium rate increases that outpace loss and cost inflation, resulting in robust underwriting margins. The opposite is true in a 'soft market'. Interest rates also matter, as they determine the yields earned on fixed-income portfolios. On the other hand, P&C insurers face a major secular headwind from the increasing frequency and severity of catastrophe losses due to climate change. Furthermore, the liability side of the business is pressured by 'social inflation'—the trend of rising litigation costs and larger jury awards. The 32 property & casualty insurance stocks we track reported a satisfactory Q2. As a group, revenues beat analysts’ consensus estimates by 2.3% while next quarter’s revenue guidance was 0.9% above. While some property & casualty insurance stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.1% since the latest earnings results. Founded in 1926 during the early days of automobile insurance, Selective Insurance Group (NASDAQ:SIGI) is a property and casualty insurance company that sells commercial, personal, and excess and surplus lines insurance products through independent agents. Selective Insurance Group reported revenues of $1.39 billion, up 4.6% year on year. This print exceeded analysts’ expectations by 1.8%. Overall, it was a satisfactory quarter for the company with a beat of analysts’ EPS estimates but a significant miss of analysts’ book value per share estimates. “Our 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,” said John J. Marchioni, Chairman, President and Chief Executive Officer. Even though it had a relatively good quarter, the market seems discontent with the results. The stock is down 6% since reporting and currently trades at $91.96. Is now the time to buy Selective Insurance Group? Access our full analysis of the earnings results here, it’s free. Serving as a crucial bridge between homebuyers and the American dream of homeownership, Essent Group (NYSE:ESNT) provides private mortgage insurance and title services that enable lenders to offer home loans with down payments of less than 20%. Essent Group reported revenues of $362.7 million, up 13.6% year on year, outperforming analysts’ expectations by 9.7%. The business had a stunning quarter with a beat of analysts’ EPS estimates. The market seems happy with the results as the stock is up 6% since reporting. It currently trades at $69.43. Is now the time to buy Essent Group? Access our full analysis of the earnings results here, it’s free. Founded during the housing boom of 1977 and weathering multiple real estate cycles since, Radian Group (NYSE:RDN) provides mortgage insurance and real estate services, helping lenders manage risk and homebuyers achieve affordable homeownership. Radian Group reported revenues of $580.7 million, up 90.8% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a significant miss of analysts’ EPS estimates. As expected, the stock is down 5.4% since the results and currently trades at $37.06. Read our full analysis of Radian Group’s results here. With roots dating back to 1853 and majority ownership by Loews Corporation, CNA Financial (NYSE:CNA) is a commercial property and casualty insurance provider offering coverage for businesses, including professional liability, surety bonds, and specialized risk management services. CNA Financial reported revenues of $3.83 billion, up 1.9% year on year. This result topped analysts’ expectations by 1.2%. It was a very strong quarter as it also logged a beat of analysts’ EPS estimates. The stock is down 5.1% since reporting and currently trades at $49.80. Read our full, actionable report on CNA Financial here, it’s free. Founded during the Roaring Twenties in 1923 and weathering nearly a century of economic cycles, Old Republic International (NYSE:ORI) is a diversified insurance holding company that provides property, liability, title, and mortgage guaranty insurance through its various subsidiaries. Old Republic International reported revenues of $2.33 billion, up 5.2% year on year. This print came in 1.8% below analysts’ expectations. It was a softer quarter as it also recorded a significant miss of analysts’ net premiums earned and book value per share estimates. The stock is up 2.2% since reporting and currently trades at $42.51. Read our full, actionable report on Old Republic International here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Selective Insurance Group’s second quarter results were met with a modestly negative market reaction, despite exceeding Wall Street’s revenue and profit expectations. Management attributed the quarter’s outcome primarily to disciplined underwriting and targeted portfolio actions, which improved operating margins but led to a decline in net premiums written. CEO John Marchioni explained, “We believe discipline is imperative in the current environment and we remain fully committed to expanding our market share meaningfully where and when margins warrant it.” The company also highlighted margin improvement across business lines, but acknowledged that actions to improve portfolio economics weighed on top-line growth. Is now the time to buy SIGI? Find out in our full research report (it’s free). Revenue: $1.39 billion vs analyst estimates of $1.36 billion (4.6% year-on-year growth, 1.8% beat) Adjusted EPS: $1.95 vs analyst estimates of $1.67 (16.9% beat) Operating Margin: 11.7%, up from 8.2% in the same quarter last year Market Capitalization: $5.76 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Michael Phillips (Oppenheimer) asked about deliberate actions driving commercial new business declines. CEO John Marchioni said the company is not waiting for market turns, but is actively seeking profitable accounts and improving risk mix. Phillips (Oppenheimer) inquired about elevated commercial auto claim frequency and whether it was an anomaly. Marchioni responded that while winter weather may be a factor, the company has prudently adjusted loss ratios based on observed data. Phillips (Oppenheimer) questioned the impact of state-level tort reform on casualty loss trends. Marchioni said reforms are positive but too narrow to alter severity trends, so pricing remains cautious. Paul Newsome (Piper Sandler) probed why combined ratio guidance is trending toward the higher end. CFO Patrick Brennan explained this reflects current year loss developments, especially in non-catastrophe property and casualty lines. Meyer Shields (Keefe, Bruyette & Woods) explored the drivers of commercial property premium decline. Marchioni clarified that declines are mainly portfolio effects from broader underwriting actions, not specific to property risk. In the coming quarters, the StockStory team will watch (1) the impact of ongoing underwriting discipline on both profitability and premium growth, (2) results from technology-driven operational improvements—especially in underwriting and claims, and (3) competitive dynamics in E&S and Personal Lines as new capacity enters the market. Monitoring pricing trends in commercial auto and general liability, as well as continued investment income growth, will also be important markers for execution. Selective Insurance Group currently trades at $96.62, down from $97.79 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it’s free for active Edge members). ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI is taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies. Our AI system flagged Palantir before it ran 1,662% between October 2022 and February 2026. AppLovin before it ran 753% between February 2024 and February 2026. Nvidia before it ran 1,178% between January 2023 and February 2026. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,552% between June 2020 and June 2025). Find your next big winner with StockStory today.

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Selective Insurance Group (SIGI) is back in focus after its latest quarterly earnings release, which included updated financial results, a fresh dividend declaration, and an update on the company’s ongoing share repurchase activity. See our latest analysis for Selective Insurance Group. At a share price of $96.33, Selective Insurance Group has had a relatively steady few weeks, with a 90 day share price return of 13.04% and a 1 year total shareholder return of 26.62%, while the 3 year total shareholder return is slightly negative, suggesting recent momentum has improved compared with the longer term picture. If the latest earnings and dividend news has you thinking about what else might be moving, it could be a good moment to scan 18 top founder-led companies The recent move in Selective Insurance Group raises a simple question: are investors reacting mostly to stronger reported results and capital returns, or has sentiment simply turned more positive around the stock, and how might that be reflected in the valuation next? The most followed narrative for Selective Insurance Group pegs fair value at $100.71, only slightly above the last close at $96.33, which keeps expectations grounded but still optimistic enough for analysts to spell out a detailed earnings path. Read the complete narrative. The core of this valuation is not just premium growth; it is how much profit drops out the bottom as margins and earnings are recalibrated across the forecast period. Result: Fair Value of $100.71 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, investors in Selective Insurance Group still need to weigh casualty claim severity pressures and the risk that stricter underwriting could slow premium growth if competition intensifies. Find out about the key risks to this Selective Insurance Group narrative. While the narrative and fair value estimate of $100.71 suggest Selective Insurance Group is modestly undervalued, the simple earnings multiple tells a cooler story. The stock trades on a P/E of 12.9x, compared with 12.5x for the US Insurance industry and 8.9x for peers. This points to a richer pricing that could limit upside if expectations slip. Which lens do you trust more when the signals point in different directions? For a closer look at how this pricing gap stacks up against earnings fundamentals, review the See what the numbers say about this price — find out in our valuation breakdown. So does the recent tone around Selective Insurance Group match your own view, or does it feel a step ahead of itself? Use the detailed breakdown of 3 key rewards If Selective Insurance Group has sharpened your interest, do not stop here. Broaden your watchlist with other focused ideas that might fit different roles in your portfolio. Target resilient potential by checking companies screened as having stronger balance sheets and fundamentals through the solid balance sheet and fundamentals stocks screener (49 results). Hunt for mispriced opportunities by reviewing the 49 high quality undervalued stocks that pair quality with more appealing valuations. Spot early-stage potential by scanning the 20 elite penny stocks with strong financials that already show healthy financial traits, before more investors start paying attention. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SIGI. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in Selective Insurance Group, Inc.? Here are five stocks we like better. Selective Insurance posted its eighth straight quarter of double-digit operating ROE, with second-quarter operating ROE at 13.7% and net investment income up 18% year over year. The company also raised its 2026 after-tax investment income outlook to $480 million from $465 million. Management said premium declines were intentional in parts of the business as it tightened underwriting discipline, especially in Standard Commercial Lines and contractors exposure. The company is prioritizing margins over growth while monitoring elevated commercial casualty loss trends, particularly in commercial auto and general liability. Profitability remained solid across key segments, including a 91.8% combined ratio in E&S and a 94.1% first-half combined ratio in personal lines, both showing improvement or staying within target ranges. Selective also reaffirmed its combined ratio guidance and returned nearly half of quarterly after-tax net income to shareholders through dividends and buybacks. Selective Insurance Group (NASDAQ:SIGI) reported its eighth consecutive quarter of double-digit operating return on equity, as higher investment income and underwriting profits across all three insurance segments helped offset weaker premium trends in parts of the business. On the company’s second-quarter 2026 earnings call, Chairman, President and Chief Executive Officer John Marchioni said Selective generated a 13.7% operating ROE, supported by an 18% year-over-year increase in investment income. The company’s combined ratio improved 2.2 points from a year earlier to 98.0%, including 5.6 points of catastrophe losses. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Executive Vice President and Chief Financial Officer Patrick Brennan said Selective reported fully diluted earnings per share of $2.11 and non-GAAP operating EPS of $1.95 for the quarter. Year to date, the company produced a 13.0% ROE and a 12.8% operating ROE, ahead of its 12% target. Marchioni said net premiums written declined 5% in the quarter, emphasizing that the decrease was partly the result of deliberate actions to improve portfolio economics and long-term returns. In Standard Commercial Lines, the company’s largest segment, the combined ratio was 99.7% year to date, and management said improving margins there remains a central focus. → GE Vernova Just Sent a Mixed AI Signal to Investors Selective’s Standard Commercial Lines net premiums written fell 6% in the quarter. Marchioni said lower new business accounted for three percentage points of the decrease, while actions on the renewal portfolio, particularly in the company’s worst-performing cohorts, drove the remaining three points. “We are constraining growth where margins do not meet our targets,” Marchioni said, adding that Selective is focusing new business and retention strategies on accounts that improve the earnings power of the book. → D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? The company said Standard Commercial Lines new business premium declined 22% in the second quarter, consistent with the first quarter. Marchioni attributed the decline to stronger new business pricing, informed by Selective’s view of expected loss trends, and a competitive market that drove lower conversion rates. Selective also continued efforts to diversify away from heavier exposure to contractors. Marchioni said contractors represented 43% of commercial lines premiums in 2025 but accounted for 33% of new business through the first half of 2026. He said contractors remain an important vertical, but the casualty-oriented nature of that business has pressured performance as the industry faces elevated commercial casualty loss trends. Brennan said Selective had no prior-year casualty reserve development at the segment or line-of-business level in the quarter. He said severities have generally tracked in line with expectations, though the company observed higher-than-expected frequency in commercial auto liability during the first half and adjusted current-year loss ratios accordingly. In commercial auto, the year-to-date underlying loss ratio was 69.7%, up modestly from full-year 2025. Brennan said that reflected current accident-year frequency adjustments and previously anticipated severity pressures, partially offset by earned renewal pure price. In general liability, the year-to-date underlying loss ratio was 0.8 points higher than full-year 2025, reflecting elevated severity trends embedded in the company’s planning process. For the quarter, renewal pure price increased 7.4% excluding workers’ compensation. General liability pricing rose 8.7%, while commercial auto pricing increased 9.3%. Brennan said auto liability pricing approached 13%. During the question-and-answer session, Marchioni said Selective’s response to commercial auto was based on frequency in the current year, not a change in its view of loss trends. He said there is a hypothesis that winter weather in the northern U.S. contributed to elevated frequency, but management considered it prudent to react to the data. Marchioni also discussed tort reform efforts, citing changes in Georgia, targeted liquor liability reforms in South Carolina and restrictions on third-party litigation financing in North Carolina. However, he said these developments remain state-specific and are not broad enough to alter Selective’s view of casualty severity trends in the near term. Selective’s excess and surplus lines segment delivered a 91.8% combined ratio in the second quarter. Marchioni said underwriting remained disciplined across both property and casualty. Renewal pure price in E&S rose 3.4%, with continued casualty rate momentum reflecting the company’s view of general liability loss trends. Property pricing was slightly negative, which Marchioni said was consistent with competitive market conditions and strong margins. Net premiums written in E&S declined 2% in the quarter. Marchioni said the E&S market has benefited from strong tailwinds in recent years but historically has been more cyclical than the admitted market. He said Selective is seeing more capacity enter the marketplace, including appetite expansion by admitted market carriers. Despite that pressure, Marchioni said the company’s E&S business remains a long-term opportunity, supported by its margins, 50-state footprint and expanded distribution channel that includes retail agents. In personal lines, Selective reported a second-quarter combined ratio of 95.5%, up from 91.6% a year earlier due to higher non-catastrophe property losses. For the first half of 2026, the segment’s combined ratio was 94.1%, 80 basis points better than the first six months of 2025 and ahead of the company’s 95% target. Marchioni said personal lines results remained stronger outside New Jersey. Net premiums written declined 8%, while target business was down 2%. New business decreased 36% in the quarter, driven by a more competitive auto market and restrictions the company has in place to manage exposure in New Jersey. Homeowners premium was relatively flat in the quarter as Selective gained traction in its target market. Marchioni said average new business home values remained above $1 million for the first half, and target market business now represents about 70% of homeowners premium. Renewal pure price in personal lines increased 8.9%. Brennan said after-tax net investment income totaled $119 million in the quarter, up 18% year over year. The increase was driven by higher book yields from elevated interest rates, deployment of operating cash flows and active portfolio management. The investment portfolio had an average credit quality of A+ and a duration of 4.3 years. Selective raised its 2026 after-tax net investment income expectation to $480 million from its original estimate of $465 million. The company reaffirmed its GAAP combined ratio guidance of 96.5% to 97.5%, assuming six points of catastrophe losses, but Brennan said results are expected to be near the top of the range given year-to-date underlying trends. The company also renewed its casualty excess of loss and property per risk reinsurance treaties effective July 1. Brennan said the casualty treaty provides $87 million of protection above a $3 million retention, while the property per risk treaty provides $115 million of coverage above a $5 million retention. On capital management, Brennan said Selective returned nearly 50% of second-quarter after-tax net income to shareholders through its regular dividend and $32 million of share repurchases. At quarter-end, $108 million remained under the company’s repurchase authorization. Marchioni also noted several corporate milestones, including Selective’s 100th anniversary, its 50th year as a public company, the opening of a new corporate headquarters in Short Hills, New Jersey, and the company’s July 1 launch in Montana and Wyoming. Selective Insurance Group, Inc is an insurance holding company headquartered in Branchville, New Jersey. The organization traces its roots to a regional provider of property and casualty coverage and became a publicly traded holding company following its initial public offering in 1999. Since its formation, Selective has expanded through strategic acquisitions and organic growth initiatives to broaden its product offerings and strengthen its market position. The company's core business encompasses a broad range of property and casualty insurance products designed to serve both commercial and personal lines customers. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Selective Insurance Group Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. Operating ROE: 13.7%, marking the eighth consecutive quarter with double-digit operating ROE. Investment Income Growth: 18% year-over-year increase. Combined Ratio: 98%, improved by 2.2 points from a year ago. Net Premiums Written: Declined 5% for the quarter. Personal Lines Combined Ratio: 94.1% for the first half of the year, ahead of the 95% target. Standard Commercial Lines Combined Ratio: 99.7% year-to-date. EPS: Fully diluted EPS of $2.11 and non-GAAP operating EPS of $1.95. GAAP Combined Ratio: 98.0%, including 5.6 points of catastrophe losses. After-Tax Net Investment Income: $119 million for the quarter, up 18% year-over-year. Renewal Pure Price Increases: 7.4% overall, with general liability at 8.7% and commercial auto at 9.3%. Share Repurchases: $32 million of shares repurchased during the quarter. Guidance for GAAP Combined Ratio: Expected between 96.5 and 97.5, assuming 6 points of catastrophe losses. After-Tax Net Investment Income Guidance: Increased to $480 million from $465 million. Warning! GuruFocus has detected 7 Warning Sign with SIGI. Is SIGI fairly valued? Test your thesis with our free DCF calculator. Release Date: July 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Selective Insurance Group Inc (NASDAQ:SIGI) celebrated its 100th anniversary and opened a new corporate headquarters in Short Hills, New Jersey, enhancing access to talent and connectivity. The company achieved a 13.7% operating return on equity (ROE), marking the eighth consecutive quarter of double-digit operating ROE. Investment income grew by 18% year-over-year, contributing significantly to the company's financial performance. Each insurance segment produced an underwriting profit, with a combined ratio improvement of 2.2 points from the previous year. The E&S segment delivered a strong quarter with a 91.8% combined ratio, showcasing disciplined underwriting across property and casualty. Net premiums written declined by 5% for the quarter, reflecting challenges in expanding market share. Standard commercial lines new business premium declined by 22% in the second quarter, consistent with the first quarter decrease. The personal lines combined ratio increased to 95.5 from 91.6 in the second quarter of 2025, driven by higher non-catastrophe property losses. Increased competition in the marketplace contributed to a 2% premium decline in the E&S segment. The company observed higher-than-expected frequency in commercial auto liability, leading to adjustments in current year loss ratios. Q: John, regarding the decline in new business and commercial growth, were you more aggressive with actions this quarter than in prior quarters, or was there another reason for the decline? A: John Marchioni, CEO: The stance on pricing and new business is not new, and the decline in new business in Q1 was consistent with Q2. Market dynamics will drive future outcomes, and while hit ratios have decreased, we continue to focus on identifying high-quality accounts and pursuing them at target pricing levels. Q: Patrick, regarding commercial auto and frequency, do you think this quarter was an anomaly, or is there a trend to be concerned about? A: John Marchioni, CEO: We observed elevated frequency in the first half of the year, possibly due to a heavier winter. While this could reverse, we prudently reacted to the data. Similar patterns were seen in workers' comp previously, which eventually settled. Q: Have you seen any tort reform efforts in your states that suggest improvements in casualty loss trends? A: John Marchioni, CEO: Some states like Georgia and South Carolina have made reforms, and North Carolina has restricted third-party litigation financing. While these are positive, they are not broad-based enough to impact overall severity trends significantly. Q: Patrick, regarding the guidance towards the higher end of the range, is this due to claim frequency issues or competitive situations? A: Patrick Brennan, CFO: The guidance reflects recent changes in the current accident year, with non-cat property losses being heavier in the first half. We have contemplated pricing and underwriting actions for the balance of the year. Q: Why didn't you take any reserve additions in commercial auto despite the frequency bump? A: John Marchioni, CEO: Our reaction was driven by current year frequency, not prior years. We evaluate prior years separately, and the current year's frequency is an early indicator. We believe it's prudent to react based on current data. Q: Regarding the transition to the Short Hills headquarters, has it caused any turnover or issues impacting growth? A: John Marchioni, CEO: The move impacts less than 20% of our population and is stretched over years to minimize disruption. Our underwriting organization remains in regional offices, including Branchville, so growth is not impacted. Q: Is the premium decline in commercial property due to rate or spillover from underwriting actions on other lines? A: John Marchioni, CEO: The decline is related to overall portfolio actions, as we write on a package basis. Property results have been strong, and the decline is more about rate differences than specific underwriting actions. Q: The workers' comp loss ratio improved significantly; what drove this change? A: John Marchioni, CEO: Lower frequency was the primary driver, with enhancements to our audit process capturing additional premium without associated loss exposure. This operational improvement contributed to the better loss ratio. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Selective Insurance Group, Inc. SIGI reported second-quarter 2026 operating earnings of $1.95 per share, which beat the Zacks Consensus Estimate by 13.4%. The bottom line increased 48.9% year over year.Revenues of $1.37 billion rose 4.5% from the year-ago quarter and topped the consensus estimate by 0.7%. Results benefited from stronger investment income and improved underwriting, while lower premiums written reflected continued portfolio actions. Selective Insurance Group, Inc. price-consensus-eps-surprise-chart | Selective Insurance Group, Inc. Quote Net premiums written declined 5% year over year to $1.22 billion due to a 6% decrease in Standard Commercial Lines, an 8% fall in Standard Personal Lines, and a 2% decline in Excess and Surplus Lines. Our estimate was $1.33 billion.Net premiums earned increased 2.3%. Direct new business fell to $206.1 million from $248.1 million. Renewal pure price increases averaged 6.5%, down from 9.9% in the prior-year quarter.The combined ratio improved 220 basis points to 98%. Lower catastrophe and non-catastrophe property losses, along with no prior-year casualty reserve development, supported the improvement. Higher current-year casualty loss costs partly offset these benefits. After-tax net investment income increased 18% year over year to $119.2 million. Net investment income per common share rose 20% to $1.98.The after-tax yield was 4.4% for fixed-income securities and 4.2% for the overall portfolio. Investment income contributed 13.9 percentage points to annualized return on equity, up from 13 points a year ago. Standard Commercial Lines net premiums written fell 6% year over year to $961.9 million as lower new business weighed on production. Our estimate was $1 billion.Net premiums earned rose 3% to $962 million, while retention was 81%.The segment's combined ratio improved 350 basis points to 99.3%. The improvement reflected no prior-year casualty reserve development and lower non-catastrophe property losses, partly offset by higher current-year casualty loss costs. Standard Personal Lines net premiums written declined 8% to $101.5 million, while net premiums earned decreased 5% to $97.6 million. Our estimate for net premiums written was $111.4 million. New business fell 36%, renewal pure price increased 8.9% and retention remained at 79%.The segment's combined ratio deteriorated 390 basis points to 95.5%. Higher non-catastrophe property losses and a higher expense ratio pressured the result, though lower catastrophe losses provided some relief. Excess and Surplus Lines net premiums written decreased 2% year over year to $157.3 million. Our estimate was $174.7 million. Net premiums earned increased 5% to $155.8 million, while average renewal pure price rose 3.4%.The segment's combined ratio increased 200 basis points to 91.8%. Higher current-year casualty loss costs and non-catastrophe property losses more than offset lower catastrophe losses. After-tax underwriting income was $19.3 million against a loss of $1.9 million a year earlier. Non-GAAP operating income climbed 46% to $117.6 million, while net income available to common stockholders increased 52% to $127.1 million.Operating return on common equity improved 340 basis points year over year to 13.7%. The company marked its eighth consecutive quarter of double-digit operating returns. Total expenses increased slightly to $1.22 billion from $1.21 billion, reflecting higher other insurance expenses. Our estimate was $1.24 billion. Selective Insurance ended the quarter with total assets of $15.62 billion, up 3% from year-end 2025. Total investments increased 2% to $11.58 billion, while common stockholders' equity rose 2% to $3.46 billion.Book value per common share was $58.13, up 3% sequentially, while adjusted book value per share increased 3% to $60.56. During the quarter, the company repurchased $32 million of shares at an average price of $84.72. For 2026, Selective Insurance continues to expect a GAAP combined ratio of 96.5-97.5, including 6 points of catastrophe losses. The outlook assumes no prior-year casualty reserve development.The company raised its after-tax net investment income guidance to $480 million from $465 million. It continues to project an effective tax rate of 21.5% and now expects weighted average diluted shares of 60.2 million. Selective Insurance currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Chubb Limited CB reported second-quarter 2026 core operating earnings of $7.26 per share, which beat the Zacks Consensus Estimate of $6.63 by 9.5%. The bottom line increased 18.2% year over year. Revenues rose 2.7% year over year to $15.77 billion but missed the consensus mark of $15.90 billion by 0.8%.Stronger P&C underwriting, record investment income, and higher life insurance income supported results. Net premiums earned increased 5.8% to $13.89 billion. P&C underwriting income increased 18.8% year over year to $1.94 billion. The combined ratio improved 180 basis points to 83.8%, reflecting a lower share of premiums consumed by claims and expenses. Our estimate was $1.15 billion.The Travelers Companies, Inc. TRV reported second-quarter 2026 core income of $10.04 per share, which beat the Zacks Consensus Estimate of $5.21 by 92.7%. The bottom line climbed 54% year over year. Revenues of $12.09 billion missed the Zacks Consensus Estimate of $12.27 billion by 1.5%.Net investment income rose 14% year over year to $1.07 billion pre-tax ($883 million after tax). The combined ratio improved 670 basis points year over year to 83.6%, reflecting lower catastrophe losses, stronger reserve development and a better underlying combined ratio.W.R. Berkley Corporation WRB reported second-quarter 2026 operating income of $1.27 per share, which beat the Zacks Consensus Estimate by 16.5%. The bottom line increased 21% year over year. W.R. Berkley’s net premiums written were about $3.4 billion, up 2.4% year over year. The figure surpassed our estimate of $3.4 billion.Operating revenues totaled $ 3.8 billion, up 3.6% year over year. The top line surpassed the consensus estimate by 1.87%. Net investment income grew 10.4% to $418.7 million, supported by higher invested assets and higher portfolio yields. The figure topped our estimate of $407 million. The consensus estimate was $395.6 million. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Selective Insurance Group, Inc. (SIGI) : Free Stock Analysis Report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report Chubb Limited (CB) : Free Stock Analysis Report W.R. Berkley Corporation (WRB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Selective Insurance (SIGI) reported $1.38 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 4%. EPS of $1.95 for the same period compares to $1.31 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.36 billion, representing a surprise of +0.96%. The company delivered an EPS surprise of +13.37%, with the consensus EPS estimate being $1.72. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Selective Insurance performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Combined ratio: 98% versus 99.7% estimated by five analysts on average. Loss and loss expense ratio: 67.2% versus 68.9% estimated by five analysts on average. Underwriting expense ratio: 30.8% compared to the 30.8% average estimate based on five analysts. Standard Commercial Lines - Combined Ratio: 99.3% versus the three-analyst average estimate of 100.3%. Standard Personal Lines - Combined Ratio: 95.5% versus 104.1% estimated by three analysts on average. Excess and Surplus Lines - Combined Ratio: 91.8% compared to the 91% average estimate based on three analysts. Revenues- Net premiums earned: $1.22 billion versus the five-analyst average estimate of $1.21 billion. The reported number represents a year-over-year change of +2.3%. Revenues- Other income: $9.4 million compared to the $7.05 million average estimate based on five analysts. The reported number represents a change of +44.6% year over year. Revenues- Net investment income earned: $150.2 million compared to the $146.03 million average estimate based on five analysts. The reported number represents a change of +17.3% year over year. Revenues- Excess and Surplus Lines- Net Premiums Earned: $155.8 million versus the four-analyst average estimate of $158.8 million. The reported number represents a year-over-year change of +5.3%. Revenues- Standard Commercial Lines- Net Premiums Earned: $962 million versus the four-analyst average estimate of $953.02 million. The reported number represents a year-over-year change of +2.6%. Revenues- Standard Personal Lines- Net Premiums Earned: $97.6 million compared to the $98.23 million average estimate based on four analysts. The reported number represents a change of -4.7% year over year. View all Key Company Metrics for Selective Insurance here>>> Shares of Selective Insurance have returned +0.7% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Selective Insurance Group, Inc. (SIGI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Net Income per Diluted Common Share of $2.11 and Non-GAAP Operating Income1 per Diluted Common Share of $1.95;Return on Common Equity ("ROE") of 14.8% and Non-GAAP Operating ROE1 of 13.7% In the second quarter of 2026: Net premiums written ("NPW") decreased 5% from the second quarter of 2025; The GAAP combined ratio was 98.0%, compared to 100.2% in the second quarter of 2025; Commercial Lines renewal pure price increases averaged 6.5%, compared to 8.9% in the second quarter of 2025; After-tax net investment income was $119 million, up 18% from the second quarter of 2025; Book value per common share was $58.13, up 3% from last quarter; and Adjusted book value per common share1 was $60.56, up 3% from last quarter. BRANCHVILLE, N.J., July 23, 2026--(BUSINESS WIRE)--Selective 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 per diluted common share of $1.95. ROE was 14.8% and non-GAAP operating ROE1 was 13.7%. For 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. "Our 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," said John J. Marchioni, Chairman, President and Chief Executive Officer. "Over 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." "During the second quarter, we celebrated our 100th year in business and 50th year as a publicly traded company – 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’s success and position us well to deliver sustainable, profitable growth over the long-term," concluded Mr. Marchioni. Operating Highlights Overall Insurance Operations In the second quarter, overall NPW decreased 5%, as we continued to implement rate and non-rate actions to enhance underwriting profitability. Average renewal pure price increased 6.5%, down 3.4 points from a year ago. Our combined ratio was 98.0%, 2.2 points better than a year ago, primarily due to lower catastrophe and non-catastrophe property losses. There was no prior year casualty reserve development in the second quarter in any segment or line of business, compared to 3.8 points of unfavorable prior year reserve development a year ago. This was partially offset by higher current year casualty loss costs. Overall, insurance segment performance generated 2.3 points of ROE in the second quarter of 2026, up 2.5 points from the second quarter of 2025. Standard Commercial Lines Segment In the second quarter, Standard Commercial Lines premiums, which account for 79% of total NPW, decreased 6% from a year ago driven by lower new business. Average renewal pure price increases were 6.5% and retention was 81%, reflecting granular actions to improve our profitability. These actions include driving higher renewal retention on our best-performing business and meaningfully lower retention on poorer-performing business. The second quarter combined ratio was 99.3%, 3.5 points better than a year ago, primarily due to no net prior year casualty reserve development in the current year quarter and lower non-catastrophe property losses, partially offset by higher current year casualty loss costs. The following table shows the variances in key quarter-to-date and year-to-date measures: Standard Personal Lines Segment In the second quarter, Standard Personal Lines premiums, which represent 8% of total NPW, declined 8% and new business decreased 36% from a year ago. Renewal pure price was 8.9% and retention was 79%. The second quarter 2026 combined ratio increased 3.9 points from a year ago, to 95.5%, driven by higher non-catastrophe losses and a higher expense ratio, partially offset by lower catastrophe losses. The following table shows the variances in key quarter-to-date and year-to-date measures: Excess and Surplus Lines Segment For the second quarter, Excess and Surplus Lines premiums, which represent 13% of total NPW, declined 2% from the prior-year period, with average renewal pure price increases of 3.4%. The second quarter 2026 combined ratio was 91.8%, 2.0 points higher than a year ago. The increase was due to higher current year casualty loss costs and non-catastrophe property losses, partially offset by lower catastrophe losses. The following table shows the variances in key quarter-to-date and year-to-date measures: Investments Segment For the second quarter, after-tax net investment income was $119 million, up 18% from a year ago. The after-tax income yield averaged 4.4% for the fixed income securities portfolio and 4.2% for the overall portfolio. With invested assets per dollar of common stockholders' equity of $3.34 as of June 30, 2026, net investment income generated 13.9 points of annualized ROE. Balance Sheet Book value per common share increased by $1.39, or 2%, during the first half of 2026. The increase was primarily attributable to $3.69 of net income per diluted common share, partially offset by $1.25 increase in after-tax net unrealized losses on our fixed income securities portfolio and $0.86 in common stockholder dividends. The increase in after-tax net unrealized losses on our fixed income securities portfolio was primarily driven by higher interest rates. In the second quarter of 2026, the Company repurchased $32 million, or 376,131 shares, of common stock at an average price of $84.72. Selective's Board of Directors also declared: A quarterly cash dividend on common stock of $0.43 per common share payable on September 1, 2026, to holders of record as of August 17, 2026; and A quarterly cash dividend of $287.50 per share on our 4.60% Non-Cumulative Preferred Stock, Series B (equivalent to $0.28750 per depositary share) payable on September 15, 2026, to holders of record as of August 31, 2026. Guidance For 2026, our full-year expectations are as follows: A GAAP combined ratio of 96.5% to 97.5%, including net catastrophe losses of 6.0 points. Our combined ratio estimate assumes no prior year casualty reserve development, as we record our best estimate each quarter. We do not make assumptions about future reserve development; After-tax net investment income of $480 million, up from our initial guidance of $465 million; An overall effective tax rate of 21.5%; and Weighted average shares of 60.2 million on a fully diluted basis, reflecting the shares repurchased in Six Months 2026 and assuming no additional repurchases under our share repurchase authorization. The supplemental investor package, with financial information not included in this press release, is available on the Investors page of Selective’s website at www.Selective.com. Selective’s quarterly analyst conference call will be simulcast at 8:00 AM ET, on Friday, July 24, 2026, on www.Selective.com. The webcast will be available for rebroadcast until the close of business on August 21, 2026. About Selective Insurance Group, Inc.Selective Insurance Group, Inc. (Nasdaq: SIGI) is a holding company for 10 property and casualty insurance companies rated "A+" (Superior) by AM Best. Through independent agents, the insurance companies offer standard insurance for commercial and personal risks and specialty insurance for commercial risks. Selective also offers flood insurance through the National Flood Insurance Program's Write Your Own Program. Selective's unique position as both a leading insurance group and employer of choice is widely recognized, with awards and honors including listing in Forbes Best Midsize Employers and certification for seven consecutive years as a Great Place to Work®. 1Reconciliation of Net Income (Loss) Available to Common Stockholders to Non-GAAP Operating Income (Loss) and Certain Other Non-GAAP MeasuresNon-GAAP operating income (loss), non-GAAP operating income (loss) per diluted common share, and non-GAAP operating return on common equity differ from net income (loss) available to common stockholders, net income (loss) available to common stockholders per diluted common share, and return on common equity, respectively, by the exclusion of after-tax net realized and unrealized gains and losses on investments included in net income (loss). Adjusted book value per common share differs from book value per common share by excluding total after-tax unrealized gains and losses on investments included in accumulated other comprehensive income (loss). These non-GAAP measures are used as important financial measures by management, analysts, and investors because the timing of realized investment gains and losses on securities in any given period is largely discretionary. In addition, net realized and unrealized gains and losses on investments could distort the analysis of trends. These operating measurements are not intended to be a substitute for net income (loss) available to common stockholders, net income (loss) available to common stockholders per diluted common share, return on common equity, and book value per common share prepared in accordance with U.S. generally accepted accounting principles (GAAP). Reconciliations of net income (loss) available to common stockholders, net income (loss) available to common stockholders per diluted common share, return on common equity, and book value per common share to non-GAAP operating income (loss), non-GAAP operating income (loss) per diluted common share, non-GAAP operating return on common equity, and adjusted book value per common share, respectively, are provided in the tables below. Note: All amounts included in this release exclude intercompany transactions. Note: Amounts in the tables above may not foot due to rounding. Forward-Looking Statements Certain statements in this report, including information incorporated by reference, are "forward-looking statements" defined in the Private Securities Litigation Reform Act of 1995 ("PSLRA"). The PSLRA provides a forward-looking statement safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements discuss our intentions, beliefs, projections, estimations, or forecasts of future events and financial performance. They involve uncertainties and known and unknown risks and other factors that may cause actual results, activity levels, or performance to materially differ from those in or implied by the forward-looking statements. In some cases, forward-looking statements include the words "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "attribute," "confident," "strong," "target," "project," "intend," "believe," "estimate," "predict," "potential," "pro forma," "seek," "likely," "continue," or comparable terms. Our forward-looking statements are only predictions; we cannot guarantee that any stated expectation will occur or prove correct. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, except as may be required by law. Factors that could cause our actual results to differ materially from what we project, forecast, or estimate in forward-looking statements include, without limitation: Challenging conditions in the economy, global capital markets, the banking sector, and commercial real estate, including prolonged higher inflation, could increase loss costs and negatively impact investment portfolios; Deterioration in the public debt, public equity, or private investment markets that could lead to investment losses and interest rate fluctuations; Ratings downgrades on individual securities we own could negatively affect investment values, impacting statutory surplus; The development and adequacy of our loss reserves and loss expense reserves; Frequency and severity of catastrophic events, including natural events that climate change may impact, such as hurricanes, severe convective storms, tornadoes, windstorms, earthquakes, hail, severe winter weather, floods, and fires, and man-made events such as criminal and terrorist acts, including cyber-attacks, explosions, and civil unrest; Adverse market, governmental, regulatory, legal, political, or judicial rulings, conditions or actions, including the impact of social inflation; The significant geographic concentration of our business in the eastern portion of the United States; The cost, terms, conditions, and availability of reinsurance; Our ability to collect on reinsurance and the solvency of our reinsurers; The impact of changes in U.S. trade policies and imposition of tariffs on imports that may lead to higher than anticipated inflationary trends for our loss and loss expenses; Geopolitical developments, including ongoing wars and conflicts such as the recent military conflict in the Middle East, which have contributed to volatility in global energy markets, international shipping activity, and financial markets, and may exacerbate inflationary pressures, supply chain disruption, and insurance loss costs; Uncertainties related to insurance premium rate increases and business retention; Changes in insurance regulations that impact our ability to write and/or cease writing insurance policies in one or more states; The effects of data privacy or cyber security laws and regulations on our operations; Major defect or failure in our internal controls or information technology and application systems that result in marketplace brand damage, increased senior executive focus on crisis and reputational management issues, and/or increased expenses, particularly if we experience a significant privacy breach; Potential tax or federal financial regulatory reform provisions that could pose certain risks to our operations; Our ability to maintain favorable financial ratings, which may include sustainability considerations, from rating agencies, including AM Best, Standard & Poor’s, Moody’s, and Fitch; Our entry into new markets and businesses; and Other risks and uncertainties we identify in filings with the United States Securities and Exchange Commission, including our Annual Report on Form 10-K and other periodic reports. View source version on businesswire.com: https://www.businesswire.com/news/home/20260723068910/en/ Contacts Investor Contact: Brad B. [email protected] Media Contact: Jamie M. [email protected] Selective Insurance Group, Inc. 40 Wantage Avenue Branchville, New Jersey 07890 www.Selective.com

Selective Insurance (SIGI) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.72 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.37%. A quarter ago, it was expected that this insurance holding company would post earnings of $1.73 per share when it actually produced earnings of $1.69, delivering a surprise of -2.31%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Selective Insurance, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $1.38 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.96%. This compares to year-ago revenues of $1.32 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Selective Insurance shares have added about 14.8% since the beginning of the year versus the S&P 500's gain of 9.6%. While Selective Insurance has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Selective Insurance was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.83 on $1.38 billion in revenues for the coming quarter and $7.84 on $5.5 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Property and Casualty is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Hagerty, Inc. (HGTY), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of -161.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Hagerty, Inc.'s revenues are expected to be $321.01 million, down 12.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Selective Insurance Group, Inc. (SIGI) : Free Stock Analysis Report Hagerty, Inc. (HGTY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research