Selective Q1 2026 EPS falls to $1.58 from $1.76 as catastrophe losses lift combined ratio
Selective Insurance Group reported first-quarter 2026 GAAP net income of $1.58 per diluted share, down from $1.76 a year earlier, with a combined ratio of 98.3% against 96.1%. Total revenues rose 6% to $1,358.9 million, but net premiums written fell 1%, and the company attributed the higher combined ratio mainly to catastrophe losses, which affect shareholder earnings.
Key points
- GAAP net income available to common stockholders was $95.4 million, down 11% from $107.6 million; non-GAAP operating income per diluted share was $1.69 versus $1.76.
- Net premiums written decreased 1% to $1,225.5 million, and the average renewal pure price increase was 7.2%, down from 10.3 points a year earlier.
- Net catastrophe losses added 6.2 points to the combined ratio; after-tax net investment income rose 18% to $113 million.
- The company repurchased $30 million of common stock and reiterated 2026 expectations, including a GAAP combined ratio of 96.5% to 97.5%.
The filing
Written by AI on Nov 8, 2026, 12:58 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 April 22, 2026.
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.