Selective Q2 2026 EPS rises to $2.11; combined ratio improves to 98.0% from 100.2%
Selective Insurance Group reported second-quarter 2026 net income of $2.11 per diluted share, up from $1.36 a year earlier, with non-GAAP operating income of $1.95 per share. Net premiums written fell 5% to $1,220.7 million, while the company raised its 2026 after-tax net investment income expectation to $480 million from $465 million, so shareholders see higher profit alongside shrinking premium volume.
Key points
- Net income per diluted share was $2.11 versus $1.36 in Q2 2025; non-GAAP operating income per share was $1.95 versus $1.31
- GAAP combined ratio was 98.0% versus 100.2%, helped by lower catastrophe and property losses and no prior year casualty reserve development
- Net premiums written decreased 5%; Standard Commercial Lines premiums fell 6%, and average Commercial Lines renewal pure price increases were 6.5% versus 8.9%
- 2026 guidance: GAAP combined ratio of 96.5% to 97.5%, after-tax net investment income of $480 million, and an effective tax rate of 21.5%
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 July 23, 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.