SELECTIVE INSURANCE GROUP INC (SIGI) Form 10-Q — Oct 23, 2026
Selective Insurance Group (SIGI) reported Q3 2026 diluted EPS of $2.11, up 14% from $1.85 a year ago, with net income of $128.7 million and a 96.8% combined ratio, 1.8 points better than the prior-year quarter. There was no prior-year casualty reserve development in any segment — a sharp contrast to $40 million of unfavorable development in Q3 2025 — while after-tax net investment income rose 16% to $127.3 million and ROE reached 15.1%. On October 22, 2026, the Board authorized a new $200 million share repurchase program, bringing total buyback capacity to $253.1 million; the company also raised 2026 net investment income guidance to $490 million.
Key figures
- Eps
- 2.11
- Revenue
- 4072260000
- Guidance
- 2026 combined ratio 96.5%-97.5% including 5.5 pts cat losses; after-tax net investment income $490M (raised from $480M); effective tax rate 21.5%; ~59.9M weighted diluted shares
- Net Income
- 128652000
- Total Debt
- 901519000
- Revenue Yoy
- 3% (nine months)
- Total Assets
- 15711062000
- Cash Position
- 928000
- Shares Outstanding
- 58996229
- Q3 roe
- 15.1%
- Npw change q3
- -7%
- Q3 combined ratio
- 96.8%
- Q3 2025 diluted eps
- 1.85
- Q3 2026 diluted eps
- 2.11
- Book value per share
- 55.02
- Buyback cost 9m 2026
- $116.9 million
- Buyback total capacity
- $253.1 million
- Nine month diluted eps
- 5.8
- Net premiums written q3
- 1122824000
- Q3 non GAAP operating eps
- 2.37
- Q3 non GAAP operating roe
- 16.9%
- Buyback new authorization
- $200 million
- Adjusted book value per share
- 62
- Buyback shares repurchased 9m 2026
- 1300663
- Net investment income q3 after tax
- 127307000
AI analysis
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