Selective Insurance ( (SIGI) ) has released its Q3 earnings. Here is a breakdown of the information Selective Insurance presented to its investors.
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Selective Insurance Group, Inc. is a property and casualty insurance company that offers standard and specialty insurance for commercial and personal risks, as well as flood insurance through the National Flood Insurance Program. The company is recognized for its unique position as both a leading insurance provider and an employer of choice.
Selective Insurance has reported its third-quarter 2025 financial results, showcasing a net income per diluted common share of $1.85 and a non-GAAP operating income per diluted common share of $1.75. The company achieved a return on common equity of 14.0% and a non-GAAP operating return on equity of 13.2%. Additionally, the company announced a 13% increase in its quarterly dividend and a new $200 million share repurchase program.
Key financial highlights include a 4% increase in net premiums written compared to the same quarter last year, with a GAAP combined ratio of 98.6%. The company also reported an 18% rise in after-tax net investment income, amounting to $110 million. The book value per common share saw a 5% increase from the previous quarter, reaching $54.46.
Strategically, Selective Insurance is expanding its Standard Commercial Lines footprint, having entered Kansas and planning to move into Montana and Wyoming in 2026. The company has also increased its quarterly dividend by 13% and authorized a new share repurchase program, underscoring its commitment to delivering long-term value to shareholders.
Looking ahead, Selective Insurance maintains a full-year combined ratio outlook of 97% to 98%, with strong net investment income contributing to a year-to-date operating ROE of 12.6%. The company continues to focus on improving underwriting margins and investing in areas that support long-term, profitable growth.