Quarterly ResultJul 23, 2026, 04:22 PM
Selective Insurance Q2 Diluted EPS $2.11, Up 55%; NPW Down 5%
AI Summary
Selective Insurance Group reported strong second-quarter 2026 results, with diluted EPS increasing 55% to $2.11 and non-GAAP operating EPS up 49% to $1.95. The company achieved a GAAP combined ratio of 98.0%, an improvement from the prior year, and saw after-tax net investment income rise 18% to $119 million. Despite a 5% decrease in net premiums written, attributed to strategic underwriting actions, the company maintained double-digit operating returns for the eighth consecutive quarter and repurchased $32 million in shares. Full-year net investment income guidance was also raised.
Key Highlights
- Diluted EPS was $2.11, a 55% increase from Q2 2025.
- Non-GAAP Operating EPS was $1.95, up 49% from Q2 2025.
- GAAP combined ratio improved to 98.0% from 100.2% in Q2 2025.
- Net premiums written decreased 5% from the second quarter of 2025.
- After-tax net investment income rose 18% to $119 million.
- Book value per common share was $58.13, up 12% from Q2 2025.
- Repurchased $32 million of common stock, or 376,131 shares.
- Declared a quarterly cash dividend of $0.43 per common share.
- Raised full-year 2026 after-tax net investment income guidance to $480 million.
Price Impact
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