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Selective Insurance Group SIGI Insurance Operations — Net Underwriting Expense, Excluding Other Income

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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

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Net margin9.1%+1.6pp
FCF margin21.7%-0.4pp

Returns & leverage

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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:NetUnderwritingExpenseExcludingOtherIncome.

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
Quarter Ended June 30, 2026Standard Commercial LinesStandard Personal LinesE&S LinesTotal Insurance OperationsInvestmentsTotal Reportable Segments
Commissions to distribution partners171,8775,46535,612212,954212,954
Salaries and employee benefits81,85710,2969,220101,373101,373
Other segment expenses48,3668,4463,22460,03660,036
Total net underwriting expenses incurred302,10024,20748,056374,363374,363
Dividends to policyholders490490490
Segment income (loss), before income tax7,2054,42812,75624,389162,138186,527
Income tax (expense) benefit(5,122)(33,475)(38,597)
Segment income (loss), after income tax19,267128,663147,930

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Selective Insurance Group's insurance operations — net underwriting expense, excluding other income?
Selective Insurance Group (SIGI) reported insurance operations — net underwriting expense, excluding other income of $374.36M in Q2 2026.
How has Selective Insurance Group's insurance operations — net underwriting expense, excluding other income changed year-over-year?
Selective Insurance Group's insurance operations — net underwriting expense, excluding other income increased by 2.4% year-over-year, from $365.43M to $374.36M.
What does insurance operations — net underwriting expense, excluding other income mean?
This metric measures the total operational costs incurred to underwrite and manage insurance policies, excluding non-underwriting income sources. It provides a focused view of the expense ratio and the cost-efficiency of the insurance business model.

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