Selective Insurance Group raised its 2026 after-tax net investment income guidance to $480 million from $465 million, as investment income continues to drive earnings while underwriting results lag. In the second quarter of 2026, after-tax net investment income rose 18% year over year to $119 million, generating 13.9 points of annualized ROE, while after-tax underwriting income was only $19.3 million. For the first half, after-tax net investment income increased 18% to $232.3 million from $197 million a year earlier, compared with underwriting income of $36.1 million. Invested assets grew $274 million from year-end 2025 to June 30, 2026, primarily as operating cash flows were reinvested. The company cautioned that investment income may become a less powerful incremental earnings catalyst if market yields decline or reinvestment rates move lower. The Zacks Consensus Estimate for Selective Insurance's full-year 2026 EPS has moved up 3.3% in the past 60 days, and the stock carries a Zacks Rank #3 (Hold).
Chubb Ltd
The Travelers Companies IncSelective Insurance Group, Inc.Raised 2026 after-tax net investment income guidance to $480M from $465M as investment income rose 18% YoY
