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Selective Insurance Group SIGI E&S Lines — Net Underwriting Expense

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Other financials

Income statement

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Revenue$1.4B+4.5%
Net income$129.4M+50.5%
EPS (diluted)$2.11+55.1%

Balance sheet

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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

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Operating cash flow$229.0M+37.2%
CapEx$14.1M+94.6%
Free cash flow$214.9M+34.6%

Valuation

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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 sigi:NetUnderwritingExpense.

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 RatioQuarter ended June 30, 2026 / AmountQuarter ended June 30, 2026 / RatioQuarter ended June 30, 2025 / AmountQuarter ended June 30, 2025 / RatioSix Months ended June 30, 2026 / AmountSix Months ended June 30, 2026 / RatioSix Months ended June 30, 2025 / AmountSix Months ended June 30, 2025 / Ratio
E&S Lines:
Net premiums earned155,825148,045307,234290,937
Loss and loss expense incurred95,01361.087,15558.9184,38460.0175,14560.2
Net underwriting expenses incurred148,05630.845,71930.994,20530.789,93930.9
Underwriting income (loss)12,75691.815,17189.828,64590.725,85391.1
Total Insurance Operations:
Net premiums earned1,215,5081,188,0572,432,7042,346,814
Loss and loss expense incurred816,26667.2823,89869.31,631,77067.11,570,22366.9

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Selective Insurance Group's E&S lines — net underwriting expense?
Selective Insurance Group (SIGI) reported E&S lines — net underwriting expense of $48.06M in Q2 2026.
How has Selective Insurance Group's E&S lines — net underwriting expense changed year-over-year?
Selective Insurance Group's E&S lines — net underwriting expense increased by 5.1% year-over-year, from $45.72M to $48.06M.
What is the long-term trend for Selective Insurance Group's E&S lines — net underwriting expense?
Over 3 years (2022 to 2025), Selective Insurance Group's E&S lines — net underwriting expense has grown at a 19.6% compound annual growth rate (CAGR), from $107.18M to $183.41M.
What does E&S lines — net underwriting expense mean?
This metric captures the total operational costs incurred to acquire and service policies within the E&S segment, net of any ceding commissions. It includes expenses such as commissions to distribution partners, administrative salaries, and general operating costs. Monitoring this helps assess the cost structure and operational leverage of the segment.

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