Selective Insurance Group (SIGI) Tops Q3 EPS by 47c; offers guidance

Selective Insurance Group (NASDAQ: SIGI) reported Q3 EPS of $2.37, $0.47 better than the analyst estimate of $1.90. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.17 billion.

GUIDANCE

For 2026, our full-year expectations are as follows:

A GAAP combined ratio of 96.5% to 97.5%, including net catastrophe losses of 5.5 points. Our combined ratio estimate assumes no prior year casualty reserve development, as we record our best estimate each quarter. We do not make assumptions about future reserve development;
After-tax net investment income of $490 million, up from prior guidance of $480 million;
An overall effective tax rate of 21.5%; and
Weighted average shares of 59.9 million on a fully diluted basis, reflecting the shares repurchased in the first nine months of 2026 and assuming no additional repurchases under our share repurchase authorization.

For earnings history and earnings-related data on Selective Insurance Group (SIGI) click here.

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