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Selective Insurance Group SIGI Standard Commercial Lines — Net Underwriting Expense, Excluding Other Income

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NODKNon Standard Auto — Underwriting Expense Ratio
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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 standard commercial lines — net underwriting expense, excluding other income?
Selective Insurance Group (SIGI) reported standard commercial lines — net underwriting expense, excluding other income of $302.1M in Q2 2026.
How has Selective Insurance Group's standard commercial lines — net underwriting expense, excluding other income changed year-over-year?
Selective Insurance Group's standard commercial lines — net underwriting expense, excluding other income increased by 0.1% year-over-year, from $301.78M to $302.1M.
What is the long-term trend for Selective Insurance Group's standard commercial lines — net underwriting expense, excluding other income?
Over 3 years (2022 to 2025), Selective Insurance Group's standard commercial lines — net underwriting expense, excluding other income has grown at a 9.2% compound annual growth rate (CAGR), from $916.8M to $1.19B.
What does standard commercial lines — net underwriting expense, excluding other income mean?
This measures the total operational costs of underwriting, including acquisition and administrative expenses, before accounting for secondary income streams. It is a vital metric for evaluating the pure operational efficiency of the insurance segment.

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