Selective Insurance Group Inc. has recently released its 10-Q report, detailing its performance for the second quarter and six months ended June 30, 2025. The company provides insurance products and services in the United States through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. In the second quarter of 2025, the company reported revenues of $1.33 billion, marking an 11% increase from the same period in 2024. After-tax net investment income also saw an 18% increase, reaching $101.42 million. However, the company reported an after-tax underwriting loss of $1.91 million, a significant improvement from the $137.21 million loss in the second quarter of 2024.
The company's net income before federal income tax for the second quarter of 2025 was $108.91 million, a substantial improvement from the $80.10 million loss in the same period in 2024. The net income available to common stockholders was $83.64 million, compared to a $63.32 million loss in the second quarter of 2024. The company's combined ratio for the second quarter of 2025 was 100.2%, a significant improvement from the 116.1% reported in the second quarter of 2024.
For the six months ended June 30, 2025, Selective Insurance Group Inc. reported revenues of $2.61 billion, an 11% increase from the same period in 2024. The company's net income before federal income tax for the six months ended June 30, 2025, was $247.79 million, a substantial improvement from the $22.47 million reported in the same period in 2024. The net income available to common stockholders for the six months ended June 30, 2025, was $191.24 million, compared to $14.60 million in the same period in 2024.
The company's outlook emphasizes its focus on managing risk while driving long-term, profitable growth. It aims to achieve renewal pure price increases above expected loss trend and deploy granular underwriting refinements. The company also seeks to diversify its insurance segments' mix of business over the long term and prioritize improving underwriting margins to temper net premiums written growth in the current environment. Additionally, Selective Insurance Group Inc. is making strategic investments to support future growth, including careful and deliberate geographic expansion and technology investments to ensure efficiency and scale.
After contemplating the results for the first half of 2025, the company's full-year 2025 guidance includes a GAAP combined ratio between 97% and 98%, up 1 point from prior guidance of 96% to 97%, including net catastrophe losses of 6 points and the impact of prior year casualty reserve development reported. Following these announcements, the company's shares moved 4.35%, and are now trading at a price of $78.26. For the full picture, make sure to review SELECTIVE INSURANCE GROUP INC's 10-Q report.
