Selective Insurance Q3 EPS rises 14% to $2.11 as premiums fall 7%
Selective Insurance Group reported third-quarter 2026 net income of $2.11 per diluted share, up from $1.85 a year earlier, and non-GAAP operating income of $2.37 per share, up from $1.75. Net premiums written fell 7% to $1,122.8 million, and the company raised its 2026 after-tax net investment income outlook to $490 million from $480 million. The board also raised the quarterly dividend 12% to $0.48 per share and authorized a new $200 million share repurchase program.
Key points
- Net income per diluted share was $2.11 versus $1.85 a year ago; non-GAAP operating income per share was $2.37 versus $1.75.
- GAAP combined ratio improved to 96.8% from 98.6%, with no prior year casualty reserve development in the quarter.
- Net premiums written fell 7% to $1,122.8 million, driven by an 8% decrease in Standard Commercial Lines.
- Quarterly dividend rose to $0.48 per share, payable December 1, 2026; the new $200 million buyback adds to $53 million remaining under the existing authorization.
The filing
Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.
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