Selective Reports Third Quarter 2026 Results
Business Wire•22/10/2026•16:15 ET
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Key Highlights
- ➤Operating income $2.37 per diluted share, up 35% year over year
- ➤Combined ratio improved to 96.8%, down 1.8 points year over year
- ➤Net premiums written fell 7% to $1.123 billion
- ➤After-tax net investment income rose 16% to $127 million
- ➤Dividend increased 12% to $0.48; new $200 million repurchase authorization approved
Expert Statements
John J. Marchioni, Chairman, President and Chief Executive Officer of Selective Insurance Group, Inc.
“Operating ROE was 16.9% in the quarter, with excellent investment income and improved underwriting performance, led by a lower loss ratio. These results reflect our disciplined underwriting approach and continued progress to improve profitability”
John J. Marchioni, Chairman, President and Chief Executive Officer of Selective Insurance Group, Inc.
“We remain focused on maintaining underwriting and pricing rigor in a competitive marketplace. This includes executing targeted pricing actions, improving the quality and mix of our portfolio, and remaining disciplined in our approach to new business growth. These actions have affected near-term premium growth, but we believe improving our portfolio's mix and profitability are the foundation for sustainable, profitable growth over time. We are increasingly leveraging data and technology to enhance underwriting and claims decision-making, increase operational effectiveness, and amplify the expertise of our employees. These investments strengthen our ability to consistently deliver value to customers, distribution partners, shareholders, and employees”
John J. Marchioni, Chairman, President and Chief Executive Officer of Selective Insurance Group, Inc.
“During the quarter, we returned 63% of after-tax net income through our regular dividend and $55 million of opportunistic share repurchases. Our strong capital position provides the flexibility to invest in attractive growth opportunities, maintain a competitive dividend, and return capital to shareholders. Based on the strength of our balance sheet and operating results, we increased our quarterly dividend by 12% to $0.48 per share, marking our thirteenth consecutive annual increase. The Board of Directors also approved a new $200 million share repurchase authorization, adding to the $53 million remaining on our existing authorization as of September 30, 2026. This reinforces our disciplined approach to capital management and commitment to long-term shareholder value”
Net Income per Diluted Common Share of $2.11 and Non-GAAP Operating Income(1) per Diluted Common Share of $2.37;
Return on Common Equity ("ROE") of 15.1% and Non-GAAP Operating ROE(1) of 16.9%
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