Selective Insurance Q3 net income rises on improved underwriting performance
SIGI•SIGI•SIGI•SIGI•Selective Insurance’s Q3 net income per diluted share rose 14% year over year as improved underwriting performance lifted profitability, while net premiums written fell 7% to $1.12 billion. The company authorized a new $200 million share repurchase program and raised its 2026 net investment income forecast to $490 million.
Selective Insurance reported Q3 net income of $126.40 million, adjusted return on equity of 16.90% and a combined ratio of 96.80%. Net investment income rose 16% year over year. CEO John J. Marchioni attributed improved profitability to underwriting performance and a lower loss ratio.
The company authorized a new $200 million share repurchase program. For 2026, it expects a GAAP combined ratio of 96.5% to 97.5%, including 5.5 points of catastrophe losses, and raised its after-tax net investment income forecast to $490 million from $480 million. It anticipates an effective tax rate of 21.5%.
