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SIGI News
SIGI Events
2026 Full-Year Expectations: GAAP Combined Ratio 96.5%-97.5%
For 2026, our full-year expectations are as follows: A GAAP combined ratio of 96.5% to 97.5%, including net catastrophe losses of 5.5 points. Our combined ratio estimate assumes no prior year casualty reserve development, as we record our best estimate each quarter. We do not make assumptions about future reserve development; After-tax net investment income of $490 million, up from prior guidance of $480 million; An overall effective tax rate of 21.5%; and Weighted average shares of 59.9 million on a fully diluted basis, reflecting the shares repurchased in the first nine months of 2026 and assuming no additional repurchases under our share repurchase authorization.
Q3 Revenue at $1.12B, Below Consensus of $1.71B
Reports Q3 revenue $1.12B, consensus $1.71B. Net premiums written decreased 7% from the third quarter of 2025. Book value per common share was $55.02, down 5% from last quarter, primarily due to higher interest rates.
Selective Insurance Appoints Vaibhav Kalia as Chief Investment Officer
Selective Insurance Group announced the appointment of Vaibhav Kalia as Executive Vice President and Chief Investment Officer, effective immediately. Kalia has served as Interim Chief Investment Officer since June 2026. In this role, Mr. Kalia oversees Selective's investment portfolio and investment-related matters of the organization's employee benefit plans. He chairs the Management Investment Committee and is responsible for setting and executing the company's investment strategy, balancing risk against projected return. "Vaib has led our investment function with discipline and clear judgment during the interim period, and has earned this role," said John J. Marchioni, Chairman, President and Chief Executive Officer. "His deep expertise in fixed income and risk management, together with more than a decade of experience with our portfolio, has contributed to the strong, risk-adjusted returns that support our insurance operations and create value for our shareholders, making him exceptionally qualified for this position."
Selective Reports Q2 Revenue of $1.39B, Exceeds Expectations
Reports Q2 revenue $1.39B, consensus $1.37B. Book value per common share was $58.13, up 3% from last quarter. Adjusted book value per common share1 was $60.56, up 3% from last quarter. The company said, "Our results reflect disciplined execution in an increasingly competitive environment. Operating ROE in the quarter was 13.7%, which marked our eighth consecutive quarter of double-digit operating returns. With our strong capital position and commitment to delivering long-term value, we returned 45% of after-tax net income through our regular dividend and $32 million of share repurchases. Even with this capital return, book value per share grew 3% in the quarter. Over the last two years, we have taken deliberate actions to improve the quality and long-term profitability of our underwriting portfolio. While those decisions contributed to lower premium in the quarter, they reflect the underwriting discipline that has long differentiated Selective and our commitment to pursuing growth where risk-adjusted returns are most attractive."
Selective Reports Q1 Revenue of $1.36B, Below Consensus
Reports Q1 revenue $1.36B, consensus $1.38B. For the quarter, Selective's combined ratio was 98.3%. Catastrophe losses were 6.2 points, and there was no net prior year casualty reserve development. NPW decreased 1% from a year ago due to a 6% decrease in Standard Personal Lines and a 1% decrease in Standard Commercial Lines. Renewal pure price increases were 7.2%. Net investment income increased 18% from a year ago, to $113 million after-tax, generating 13.3 points of annualized ROE in the quarter.
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