What is Selective Insurance Group's E&S lines — combined ratio?

Selective Insurance Group (SIGI) reported E&S lines — combined ratio of 91.8% in Q2 2026.

How has Selective Insurance Group's E&S lines — combined ratio changed year-over-year?

Selective Insurance Group's E&S lines — combined ratio increased by 2.2% year-over-year, from 89.8% to 91.8%.

What does E&S lines — combined ratio mean?

The combined ratio is the sum of the loss ratio and the expense ratio, representing the overall underwriting profitability of the E&S segment. A ratio below 100% indicates an underwriting profit, while a ratio above 100% indicates an underwriting loss. It is the definitive benchmark for assessing the health and sustainability of the segment's insurance operations.

Selective Insurance Group (SIGI) E&S Lines — Combined Ratio

Screener

Other segment segments

Standard Personal Lines

95.5%+4.3%

Similar metrics at other companies

EIGCombined Ratio

110.9%+13.0pp

RNRProperty — Combined Ratio

27.1%-0.3pp

AXSInsurance — Combined Ratio

90%+4.7pp

AXSReinsurance — Combined Ratio

94.5%+2.5pp

SPNTReinsurance — Combined Ratio

92.3%+2.5pp

NOD

NODKCrop — Combined Ratio

91.8%-2.4pp

Other financials

Income statement

See full

Revenue$1.4B+4.5%

Net income$129.4M+50.5%

EPS (diluted)$2.11+55.1%

Balance sheet

See full

Cash & equivalents$557.0K+56.0%

Total debt$903.2M-0.5%

Total equity$3.7B+8.7%

Total assets$15.6B+7.9%

Cash flow

See full

Operating cash flow$229.0M+37.2%

CapEx$14.1M+94.6%

Free cash flow$214.9M+34.6%

Valuation

See full

Market cap$5.77B+19.9%

Enterprise value$6.67B+16.6%

P/E11.6×-1.0×

P/S1.1×+0.1×

Profitability

See full

Net margin9.1%+1.6pp

FCF margin21.7%-0.4pp

Returns & leverage

See full

Return on equity14.2%+2.0pp

Debt / equity0.2×0.0×

Where this comes from

Reported directly by Selective Insurance Group in its filing.

Tagged under the XBRL concept us-gaap:CombinedRatio.

The source filing: Selective Insurance Group’s 10-Q, filed July 24, 2026.

Filed: Jul 24, 2026, 2:18 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0000230557-26-000020

Combined Ratio	Quarter ended June 30, 2026 / Amount	Quarter ended June 30, 2026 / Ratio	Quarter ended June 30, 2025 / Amount	Quarter ended June 30, 2025 / Ratio	Six Months ended June 30, 2026 / Amount	Six Months ended June 30, 2026 / Ratio	Six Months ended June 30, 2025 / Amount	Six Months ended June 30, 2025 / Ratio
Net premiums earned	155,825		148,045		307,234		290,937
Loss and loss expense incurred	95,013	61.0	87,155	58.9	184,384	60.0	175,145	60.2
Net underwriting expenses incurred1	48,056	30.8	45,719	30.9	94,205	30.7	89,939	30.9
Underwriting income (loss)	12,756	91.8	15,171	89.8	28,645	90.7	25,853	91.1
Total Insurance Operations:
Net premiums earned	1,215,508		1,188,057		2,432,704		2,346,814
Loss and loss expense incurred	816,266	67.2	823,898	69.3	1,631,770	67.1	1,570,223	66.9
Net underwriting expenses incurred1	374,363	30.8	365,431	30.8	754,110	31.0	731,243	31.2

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Selective Insurance Group's E&S lines — combined ratio?: Selective Insurance Group (SIGI) reported E&S lines — combined ratio of 91.8% in Q2 2026.
How has Selective Insurance Group's E&S lines — combined ratio changed year-over-year?: Selective Insurance Group's E&S lines — combined ratio increased by 2.2% year-over-year, from 89.8% to 91.8%.
What does E&S lines — combined ratio mean?: The combined ratio is the sum of the loss ratio and the expense ratio, representing the overall underwriting profitability of the E&S segment. A ratio below 100% indicates an underwriting profit, while a ratio above 100% indicates an underwriting loss. It is the definitive benchmark for assessing the health and sustainability of the segment's insurance operations.