SIGI
Selective Insurance Group, Inc.83.20
-0.54-0.65%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms guidance, details reserves
Q&A largely reaffirmed prepared guidance, with granular reserve details clarifying New Jersey litigation fueled all personal auto prior-year development—masking non-NJ improvements—and de minimis $10 million E&S casualty picks across 2020-2023 accident years. Marchioni expressed confidence in commercial margins via sustained casualty pricing and intensified mix shifts, offsetting price deceleration. Workers' comp favorable emergence stemmed from tail study and pre-2023 years. Geo expansions added 1-2 points to growth, performing as planned. Tech investments lift expenses 0.5 points for efficiency gains. Reserves held firm. Investors eye NJ trends, E&S discipline.
Key Stats
Market Cap
5.06BP/E (TTM)
12.82Basic EPS (TTM)
6.49Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
Selective Insurance Group posted FY2025 revenues of $5.34B, up 10% y/y, with net premiums earned rising 9% to $4.77B on 5% NPW growth to $4.87B. Underwriting swung to a $136M profit (97.2% combined ratio) from a $133M loss, as Q4 catastrophe losses eased 41% y/y to $169M while prior-year casualty development halved to $90M; margins expanded sequentially with E&S Lines at 87.8% combined ratio driving momentum. Net investment income climbed 16% to $531M after tax on higher yields and $400M debt issuance, lifting ROE to 14.4%. Q4 accelerated NPW growth in E&S (11% y/y). Solid cash flows funded $182M shareholder returns. Catastrophe losses remain a quarterly threat.
8-K
Bylaws amended for governance
Selective Insurance Group amended its Bylaws effective January 30, 2026, after Board adoption on January 29. Changes nix the principal office address, reserve white proxy cards for Board use, bar directors over 75 without waiver, scrap declassification language, and modernize CEO/CFO duties. Housekeeping tweaks clarify the rest. Governance tightened.
8-K
Q4 profits soar, ratio improves
Selective Insurance crushed Q4 2025 with net income of $2.52 per share and a stellar 93.8% combined ratio, fueled by 4% NPW growth to $1,129.5M and 17% higher after-tax investment income at $114M. Full-year ROE hit 14.4% while book value soared 18% to $56.74. 2026 guidance eyes 96.5-97.5% combined ratio. Underwriting sharpened.
8-K
Appoints Parsons to board
Selective Insurance Group expanded its board from 11 to 12 members, appointing Julie Parsons as independent director effective November 3, 2025. The retired Allstate EVP and former chief actuary, with 30+ years in insurance operations, product development, and digital transformation, joins the Risk and Compensation committees. Her expertise bolsters strategic oversight. No related transactions disclosed.
10-Q
Q3 FY2025 results
Selective Insurance Group posted Q3 net premiums earned up 8% y/y to $1.2B, with net income of $115M ($1.85 diluted EPS, up 26% y/y). Combined ratio improved to 98.6% from 99.5%, thanks to catastrophe losses dropping 83% y/y while $40M unfavorable prior-year casualty development hit casualty lines. Investment income climbed 18% y/y to $139M on higher assets; operating cash flow strong at $857M YTD. Debt rose to $902M after Q1's $400M 5.90% notes issuance, with $100M revolver available. E&S Lines shone at 76% combined ratio. Casualty severity trends persist.
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