Selective Appoints Wole Coaxum as Independent Director

BMO Capital downgraded Selective Insurance Group (SIGI) to Market Perform from Outperform, keeping a $97 price target. The stock trades at about $92.78. BMO raised EPS estimates 1% on higher interest rates but said underwriting margin improvement is slower, shifting the expected timeline to about two years.

Selective Insurance Group (NASDAQ:SIGI) reported Q2 2026 revenue of $1.39 billion, up 4.5% year over year, beating Wall Street’s estimate. Non-GAAP EPS was $1.95, 16.9% above consensus. The company said it returned 45% of after-tax net income via dividends and $32 million in buybacks; operating ROE was 13.7%. Shares fell 7.5% to $90.62.

SELECTIVE INSURANCE GROUP INC (SIGI) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.2 3 q22026pressreleasesuppleme.htm EX-99.2 Document Exhibit 99.2 FINANCIAL SUPPLEMENT SECOND QUARTER 2026 Forward-Looking Statements Certain statements in this report, including information incorporated by reference, are “forward-looking statements” defined in the Private S

The U.S. approved a potential $24.3B sale of 48 Lockheed Martin F-35 fighter jets to Saudi Arabia, including engines and support equipment. The sale aims to bolster Saudi Arabia's defense capabilities and interoperability with U.S. forces, but faces objections from Israel. The deal is part of broader defense cooperation and Saudi Arabia's military modernization efforts under Vision 2030.

Victory Capital (VCTR) reported $356.469B in assets under management for August, up 3.3% from July, with ETF assets rising 12.4% to $23.474B. The company's second-quarter revenue was $435.4M with a 44.5% operating margin. However, the growth's durability depends on net inflows and fee economics, as market appreciation could have driven some gains.

The U.S. State Department approved a potential $24.3 billion sale of 48 F-35 fighter jets and related equipment to Saudi Arabia, involving Lockheed Martin and Pratt & Whitney. The deal aims to enhance Saudi Arabia's defense capabilities and regional interoperability, supporting U.S. national security objectives.