Selective Insurance Group, Inc. (SIGI) Q3 FY2026 earnings

Reported results

• GAAP combined ratio was 96.8% in Q3 2026, compared to 98.6% in Q3 2025
• Net premiums written decreased 7% to $1,122.8 million in Q3 2026 from $1,207.9 million in Q3 2025
• After-tax net investment income was $127.3 million in Q3 2026, up 16% from $110.0 million in Q3 2025
• Return on common equity (ROE) was 15.1% in Q3 2026; non-GAAP operating ROE was 16.9%
• Book value per common share was $55.02 as of September 30, 2026, down 5% from June 30, 2026
• Adjusted book value per common share was $62.00 as of September 30, 2026, up 2% from June 30, 2026

Guidance

• Full-year 2026 GAAP combined ratio expected to be 96.5% to 97.5%, including net catastrophe losses of 5.5 points
• Full-year 2026 after-tax net investment income guidance increased to $490 million from prior guidance of $480 million
• Full-year 2026 overall effective tax rate expected to be 21.5%
• Full-year 2026 weighted average fully diluted shares expected to be 59.9 million

Notes

Company increased quarterly dividend by 12% to $0.48 per share and authorized a new $200 million share repurchase program. Non-GAAP measures exclude after-tax net realized and unrealized gains and losses on investments. During Q3 2026, the company repurchased $55 million of common stock (587,229 shares at an average price of $93.66). Book value decrease in Q3 primarily driven by higher interest rates impacting unrealized losses on fixed income securities.

Price and volatility reaction

The stock moved +5.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -5.4 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.