Selective Insurance Group (SIGI) investor relations material

Executive summary

• Achieved eighth consecutive quarter of double-digit operating returns, with Q2 2026 operating ROE at 13.7% and net income per diluted share of $2.11, reflecting strong profitability and disciplined execution.

• Celebrated 100th anniversary, expanded headquarters in Short Hills, NJ, and added 100 agency locations, entering Montana and Wyoming.

• Returned $58 million to shareholders in Q2 2026 via dividends and share repurchases, with $108 million remaining under repurchase authorization.

• Maintained a disciplined approach to underwriting, pricing, and risk management, leveraging technology and talent for operational efficiency.

• Net premiums written declined 5% year-over-year due to deliberate underwriting actions and competitive market conditions.

Financial highlights

• Q2 2026 revenue rose 5% year-over-year to $1.39 billion; net income increased 51% to $129 million, with diluted EPS of $2.11.

• Net premiums written for Q2 2026 were $1,220.7 million, down 5% year-over-year; after-tax net investment income rose 18% to $119.2 million.

• Combined ratio improved to 98.0% in Q2 2026 from 100.2% a year ago, including 5.6 points of catastrophe losses.

• Book value per share was $58.13 at June 30, 2026, up 12% year-over-year.

• Non-GAAP operating EPS was $1.95; non-GAAP operating income was $117.6 million, up 46% year-over-year.

Outlook and guidance

• Full-year 2026 GAAP combined ratio expected between 96.5% and 97.5%, including 6.0 points of catastrophe losses.

• After-tax net investment income guidance raised to $480 million for 2026.

• Effective tax rate projected at 21.5%; weighted average diluted shares expected at 60.2 million.

• Targeting 3% market share in commercial lines and continued expansion in personal and E&S lines.

• Focused on profitable growth, technology adoption, and geographic expansion.