Selective Insurance Group Inc. has recently released its 10-Q report, providing a detailed look at the company's financial performance and operations. Selective Insurance Group, Inc. operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty and property insurance products and invests in various assets.
In the 10-Q report, the company's management discussed the critical accounting policies and estimates, financial highlights, results of operations, federal income taxes, liquidity and capital resources, and ratings. The report also provided reconciliations of GAAP to non-GAAP measures, including non-GAAP operating income, non-GAAP operating ROE, and adjusted book value per common share.
The financial highlights from the report for the quarter ended September 30, 2025, and the nine months ended September 30, 2025, showed positive growth in various aspects. The company reported a 9% increase in revenues for the quarter and a 10% increase for the nine months compared to the same periods in 2024. After-tax net investment income increased by 18% for the quarter and 16% for the nine months. The company also saw a significant improvement in net income, with a 25% increase for both the quarter and the nine months compared to the same periods in 2024.
The report also highlighted the company's key metrics, including the combined ratio, invested assets per dollar of common stockholders' equity, annualized after-tax yield on the investment portfolio, return on common equity, and net premiums written to statutory surplus. These metrics demonstrated the company's financial performance and efficiency.
The management's outlook emphasized the company's focus on managing risk while driving long-term, profitable growth. Strategies included achieving renewal pure price increases, deploying granular underwriting refinements, and seeking to diversify the mix of business over the long term. The company also outlined its approach to growing market share profitably through existing partnerships, geographic expansion, and technology investments.
Today the company's shares have moved -5.69% to a price of $76.56. Check out the company's full 10-Q submission here.
