Selective Q3 profit per share rises 26% to $1.85; $200 million buyback approved
Selective Insurance Group reported third-quarter 2025 net income of $1.85 per diluted share, up from $1.47 a year earlier, and its combined ratio improved to 98.6% from 99.5%. The Board also approved a new $200 million share repurchase program effective October 27, 2025, replacing a prior $100 million program, and the company raised its quarterly dividend 13% to $0.43 per share.
Key points
- Q3 net income per diluted share was $1.85 versus $1.47; non-GAAP operating income per share was $1.75 versus $1.40.
- Net premiums written rose 4% to $1,207.9 million; the combined ratio was 98.6% versus 99.5%.
- Full-year GAAP combined ratio outlook of 97% to 98% was unchanged; after-tax net investment income guidance rose to $420 million from $415 million.
- New $200 million buyback has no expiration date; the prior program stops after October 24, 2025.
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.