Selective earnings beat by $0.47, revenue topped estimates

Selective Insurance Group reported 3Q 2026 revenue of $1.33B, down 2.5% YoY, but net income rose 11.8% to $126.4M and EPS increased 14.1% to $2.11. The combined ratio improved to 96.8%. Nine-month premiums written fell 4%, and the company expanded into new states.

Selective Insurance (SIGI) reported Q3 2026 earnings with fully diluted EPS of $2.11 and non-GAAP operating EPS of $2.37. The company highlighted improvements in underwriting profitability, growth in personal lines, and expansion in commercial lines. They emphasized pricing discipline and technology integration, including AI, to drive long-term value. The GAAP combined ratio was 96.8, with catastrophe losses accounting for 5.4 points.

Selective Insurance Group (SIGI) shares rose 5.3% after Q3 2026 earnings. The insurer reported net income of $2.11 per share, a 96.8% combined ratio, and 16% growth in investment income. The company also increased its dividend by 12% and authorized a $200M share buyback. SIGI is up 16.6% YTD, near its 52-week high of $100.15.

Selective Insurance Group (SIGI) reported Q3 earnings, highlighting a 5.7% increase in Standard Commercial Lines renewal pure price. The company is prioritizing underwriting returns over volume, leading to an 8% decline in net premiums written. Personal Lines saw an 8.1% renewal price increase, and the company raised its dividend by 12%. SIGI maintained its GAAP combined ratio forecast and increased its after-tax net investment income outlook to $490M.

Selective Insurance Group (SIGI) reported Q3 2026 revenue of $1.33B, down 2.5% YoY, missing estimates. Net premiums earned comprise 90.5% of revenue. BVPS grew 4% annually over 5 years, accelerating to 6.2% over 2 years. EPS beat expectations, but revenue and BVPS missed. Stock traded at $91.75 post-results.

Selective Insurance (SIGI) reported Q3 Non-GAAP EPS of $2.37, exceeding estimates by $0.44. Revenue was $1.33B, down 2.2% year-over-year, missing expectations by $20M. The company provided 2026 guidance, expecting a GAAP combined ratio of 96.5% to 97.5%, including net catastrophe losses.