Selective Insurance Group
Writes commercial, personal and excess-and-surplus insurance through independent agents and wholesale brokers.
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Profile
Sells U.S. commercial, personal and excess-and-surplus property-and-casualty insurance, with revenue from premiums and investment income. Standard products reach customers through independent agents and E&S through wholesale brokers, making underwriting, claims, catastrophe exposure, reserves and distribution relationships central to results.
Writes property-and-casualty insurance across Standard Commercial Lines, Standard Personal Lines and E&S Lines, while managing an Investments segment whose portfolio is primarily fixed income. Commercial policies include general liability, commercial auto, workers’ compensation and property coverage; personal policies include auto, homeowners and flood; E&S serves commercial risks outside standard admitted markets.
Operates only in the United States, using independent retail agents for standard products and wholesale brokers for E&S. Field-based underwriters, claims specialists and risk-management staff work alongside distribution partners, supported by account-level pricing and portfolio tools. Results depend on risk selection and pricing, catastrophe losses, casualty reserve development and investment income. Insurance subsidiaries are regulated by states, and flood policies are written through the federal National Flood Insurance Program’s Write Your Own arrangement.
Company facts
Key statistics
Year to date +10.8% · Average volume (30d) 479.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 28, 2026 | BMO Capital | Downgrade | Outperform | Market Perform | ||
| Jul 27, 2026 | RBC Capital | Reiterate | Outperform | $110 | $115 | |
| Jul 15, 2026 | Piper Sandler | Reiterate | Neutral | $93 | $103 | |
| Jul 13, 2026 | RBC Capital | Reiterate | Outperform | $95 | $110 | |
| Jul 6, 2026 | Morgan Stanley | Reiterate | Underweight | $73 | $80 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $1.66 | $1.95 | +17.5% | $1.30B | $1.22B | −5.9% | −1.49% |
| Apr 22, 2026Q1 FY26 | $1.80 | $1.69 | −6.1% | $1.29B | $1.23B | −5.1% | +8.70% |
| Jan 29, 2026Q4 FY25 | $2.02 | $2.57 | +27.2% | $1.14B | $1.13B | −0.6% | 0.00% |
| Oct 22, 2025Q3 FY25 | $1.85 | $1.75 | −5.4% | $1.35B | $1.36B | +0.8% | −5.69% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.29B | $1.33B | $1.36B | $1.36B | $1.35B | $1.39B | |
| Gross profit | $166.6M | $129.8M | $163.4M | $1.36B | $535.8M | $570.8M | |
| Operating income | $138.9M | $108.9M | $145.7M | $156.2M | $124.2M | $176.1M | |
| Net income | $109.9M | $85.9M | $115.3M | $155.2M | $97.7M | $129.4M | |
| Diluted EPS | $1.76 | $1.36 | $1.85 | $2.52 | $1.58 | $2.11 | |
| Gross margin | 13.0% | 9.8% | 12.0% | 100.0% | 39.7% | 41.2% | |
| Operating margin | 10.8% | 8.2% | 10.7% | 11.4% | 9.2% | 12.7% |
Fiscal years (4-quarter sums)FY21 $3.39B · FY22 $3.56B · FY23 $4.23B · FY24 $4.86B · FY25 $5.34B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $379.4M · Total debt $901.0M · Total assets $15.62B · Shareholders' equity $3.66B
Dividends
Raised for 38 straight years — most recently to $0.43 from $0.38 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Sep 1 | $0.43 | |
| May 15, 2026 | May 15 | Jun 1 | $0.43 | |
| Feb 13, 2026 | Feb 13 | Mar 2 | $0.43 | |
| Nov 14, 2025 | Nov 14 | Dec 1 | $0.43 | raised from $0.38 |
| Aug 15, 2025 | Aug 15 | Sep 2 | $0.38 | |
| May 15, 2025 | May 15 | Jun 2 | $0.38 | |
| Feb 14, 2025 | Feb 14 | Mar 3 | $0.38 | |
| Nov 15, 2024 | Nov 15 | Dec 2 | $0.38 | raised from $0.35 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 59.60M · Float 59.02M · 99.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.78M | 13.05% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 3.50M | 5.87% | 13F | Aug 13, 2026 |
| AQR Capital Management LLC | 3.35M | 5.61% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 2.70M | 4.53% | 13F | Aug 13, 2026 |
| State Street Corp | 2.45M | 4.11% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 28, 2026 | Michael H. Lanza | officer: EVP and General Counsel | −17,100 | $94.04 |
| Feb 17, 2026 | Anthony D. Harnett | officer: SVP, Chief Accounting Officer | −1,064 | $87.33 |
| Feb 2, 2026 | Anthony D. Harnett | officer: SVP, Chief Accounting Officer | −955 | $85.31 |
| Feb 2, 2026 | Lisa R. Bacus | director | +600 | $84.81 |
| Oct 24, 2025 | Patrick Sean Brennan | officer: EVP, Chief Financial Officer | +2,700 | $76.17 |
Peers
- Travelers
National P&C carrier across commercial, specialty, and personal lines
- W. R. Berkley
Commercial P&C and E&S writer with broad broker reach
- Cincinnati Financial
Independent-agent P&C carrier spanning commercial, personal, and E&S
- The Hanover Insurance Group
Super-regional agency P&C carrier in commercial, specialty, and personal
- C.N.A. Financial
Commercial P&C insurer focused on specialty and middle-market risks
- Kinsale Capital Group
Focused E&S insurer for hard-to-place commercial risks
- RLI
Specialty admitted and E&S carrier across property, casualty, and surety
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Selective Insurance Group | $92.46 | −0.08% | $5.51B | 11.5 | 10.9 | 1.0 | −8.0% |
| Travelers | $372.15 | +0.62% | $77.15B | 9.9 | 12.4 | 1.6 | −4.8% |
| W. R. Berkley | $70.65 | +3.20% | $25.48B | 14.1 | 14.5 | 1.4 | +1.2% |
| Cincinnati Financial | $171.97 | 0.00% | $26.39B | 8.1 | 19.6 | 1.9 | −18.9% |
| The Hanover Insurance Group | $227.67 | −0.02% | $7.93B | 10.9 | 12.0 | 1.2 | +0.4% |
| C.N.A. Financial | $49.31 | +0.02% | $13.34B | 10.8 | 10.6 | 0.9 | +3.0% |
| Kinsale Capital Group | $385.00 | +1.13% | $8.67B | 15.4 | 18.1 | 4.3 | −3.7% |
| RLI | $64.31 | +0.03% | $5.90B | 13.5 | 23.8 | 3.0 | +16.0% |
| Median | 10.9 | 14.5 | 1.6 | +0.4% |