Selective Insurance reported second-quarter 2026 non-GAAP earnings per share of $1.95, surpassing analyst expectations by $0.28. Revenue reached $1.39 billion, a 4.5% increase year-over-year, exceeding estimates by $20 million. For the full year 2026, the company expects a GAAP combined ratio between 96.5% and 97.5%, including net catastrophe losses of 6.0 points, and after-tax net investment income of $480 million, up from its initial guidance of $465 million. The effective tax rate is projected at 21.5%, with weighted average diluted shares of 60.2 million, reflecting repurchases in the first half of 2026 and assuming no additional buybacks.
Selective Insurance Group, Inc.Q2 non-GAAP EPS of $1.95 beat estimates by $0.28, revenue exceeded expectations, and full-year net investment income guidance raised.