What does standard personal lines — combined ratio mean?

The combined ratio is the sum of the loss ratio and the expense ratio, representing the total cost of underwriting relative to premiums earned. A ratio below 100 percent indicates an underwriting profit, while a ratio above 100 percent indicates an underwriting loss.

Selective Insurance Group (SIGI) Standard Personal Lines — Combined Ratio

Screener

Other segment segments

E&S Lines

91.8%+2.2%

Similar metrics at other companies

NOD

NODKNon Standard Auto — Combined Ratio

-64.2%-225pp

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

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

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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

See full

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 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	97,639		102,377		197,667		206,032
Loss and loss expense incurred	69,004	70.7	69,977	68.3	138,303	69.9	146,646	71.2
Net underwriting expenses incurred1	24,207	24.8	23,850	23.3	47,778	24.2	48,799	23.7
Underwriting income (loss)	4,428	95.5	8,550	91.6	11,586	94.1	10,587	94.9
E&S Lines:
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

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Selective Insurance Group's standard personal lines — combined ratio?: Selective Insurance Group (SIGI) reported standard personal lines — combined ratio of 95.5% in Q2 2026.
How has Selective Insurance Group's standard personal lines — combined ratio changed year-over-year?: Selective Insurance Group's standard personal lines — combined ratio increased by 4.3% year-over-year, from 91.6% to 95.5%.
What does standard personal lines — combined ratio mean?: The combined ratio is the sum of the loss ratio and the expense ratio, representing the total cost of underwriting relative to premiums earned. A ratio below 100 percent indicates an underwriting profit, while a ratio above 100 percent indicates an underwriting loss.