On October 22, 2026, Selective Insurance Group, Inc. reported its financial results for the third quarter ended September 30, 2026. The company reported net income per diluted common share of $2.11, compared to $1.85 in the prior year period. The company also reported non-GAAP operating income per diluted common share of $2.37.
For the quarter, Selective reported a GAAP combined ratio of 96.8%, an improvement of 1.8 points compared to the third quarter of 2025. The loss and loss expense ratio was 64.6%, down 3.3 points from the prior year. Net premiums written decreased 7% year-over-year to $1,122.8 million, driven by an 8% decrease in Standard Commercial Lines. Renewal pure price increases averaged 5.6%.
Investment income for the quarter was $127.3 million after-tax, representing a 16% increase from the prior year. The company reported a return on common equity (ROE) of 15.1% and a non-GAAP operating ROE of 16.9%.
Regarding capital management, Selective returned 63% of after-tax net income through its regular dividend and opportunistic share repurchases. The company increased its quarterly dividend by 12% to $0.48 per share, marking its thirteenth consecutive annual increase. The Board of Directors also approved a new $200 million share repurchase authorization, adding to the $53 million remaining on its existing authorization as of September 30, 2026.
For the full year 2026, Selective provided guidance expecting a GAAP combined ratio of 96.5% to 97.5%, including net catastrophe losses of 5.5 points. The company also expects after-tax net investment income of $490 million and an overall effective tax rate of 21.5%.
