Selective Insurance Group Inc reported second-quarter 2026 results with revenue of $1.39B and diluted EPS of $2.11, driven by higher investment income and improved underwriting that lifted net income to $127.1M versus $83.6M a year earlier.
Financial Highlights
- Revenue was $1.39B, compared with $1.33B in the prior-year quarter; YoY change 4.6%.
- Net income was $127.1M, compared with $83.6M in the prior-year quarter; YoY change 52%.
- Diluted EPS was $2.11, compared with $1.36 in the prior-year quarter; YoY change 55.1%.
Business Highlights
- Revenue growth and profitability: GAAP revenues rose about 5% year over year with improved underwriting and a 13.7% operating return on equity, aided by stronger investment income.
- Channel & distribution: Added 100 agency locations in the first half of 2026, focusing on growth through existing partners and selective new appointments.
- Underwriting discipline & pricing: Management intentionally reduced new business to improve profitability, applying granular pricing and tightening terms on underperforming accounts.
- Technology & AI adoption: Scaling data analytics and AI across underwriting and claims to improve accuracy, speed and operational efficiency.
- Geographic expansion & product diversification: Entered Montana and Wyoming on July 1, 2026; expansion states generated roughly $242M of premiums in the first half, with continued pursuit of E&S and specialty growth.
Original SEC Filing:
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