Q2 2026 Selective Insurance Group Inc Earnings Call Transcript
Key Points
- Selective Insurance Group Inc (SIGI) celebrated its 100th anniversary and opened a new corporate headquarters in Short Hills, New Jersey, enhancing access to talent and connectivity.
- The company achieved a 13.7% operating return on equity (ROE), marking the eighth consecutive quarter of double-digit operating ROE.
- Investment income grew by 18% year-over-year, contributing significantly to the company's financial performance.
- Each insurance segment produced an underwriting profit, with a combined ratio improvement of 2.2 points from the previous year.
- The E&S segment delivered a strong quarter with a 91.8% combined ratio, showcasing disciplined underwriting across property and casualty.
- Net premiums written declined by 5% for the quarter, reflecting challenges in expanding market share.
- Standard commercial lines new business premium declined by 22% in the second quarter, consistent with the first quarter decrease.
- The personal lines combined ratio increased to 95.5 from 91.6 in the second quarter of 2025, driven by higher non-catastrophe property losses.
- Increased competition in the marketplace contributed to a 2% premium decline in the E&S segment.
- The company observed higher-than-expected frequency in commercial auto liability, leading to adjustments in current year loss ratios.
Good day, and welcome to Selective Insurance Group's Second Quarter 2026 Earnings Call.
At this time, all participants are in a listen-only mode.
After the speaker's presentation, there will be a question-and-answer session.
Instructions will be given at that time.
Please be advised that today's conference is being recorded. I would now like to turn the call over to Brad Wilson, Senior Vice President. Please go ahead, sir.
Good morning.
Thank you for joining Selective's second-quarter 2026 earnings conference call.
Yesterday, we posted our earnings press release, financial supplement, and investor presentation on the Investors section of selective.com.
A replay of today's webcast will be available there shortly after this call.
Joining me are John Marchioni, our Chairman President and Chief Executive Officer and Patrick Brennan, Executive Vice President and Chief Financial Officer.
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