Selective Insurance Group

Selective Insurance helps people and businesses protect their property and money from accidents or disasters. The company sells policies that cover car crashes, property damage, and workplace injuries. These products are sold through local independent agents across the United States.

What's on the Policy Menu?

• Standard Commercial Lines: Policies for businesses covering general liability, commercial cars, property damage, and workers' compensation; represents $966 million of net premiums earned.
• Excess and Surplus Lines: Coverage for specialized risks that traditional insurance companies will not take; accounts for $151 million of net premiums earned.
• Standard Personal Lines: Car and home insurance for individuals; represents $100 million of net premiums earned.
• Flood Insurance: Policies issued through the federal government's National Flood Insurance Program to protect property owners from water damage.
• Investments: Management of a $11.4 billion portfolio of bonds, stocks, and private assets to generate extra income.

Growing the Business

• Authorized a $200 million share repurchase program on October 22, 2025, to return capital to stockholders.
• Maintained a borrowing relationship with the Federal Home Loan Bank of Indianapolis to support liquidity needs.
• Invested in a diverse portfolio including private equity and real assets through its dedicated investment segment.

Unique Ways to Manage Risk

The company uses a network of independent retail and wholesale agents to reach local markets throughout the United States. It manages risk by spreading insurance coverage across commercial, personal, and specialized surplus lines.

A Look at the Financials

• Revenue grew to $1.4 billion in Q1 2026, a 5.1% increase from $1.3 billion in Q1 2025.
• Net income reached $97.7 million in Q1 2026, down 11.1% from $109.9 million in the prior year.
• The combined ratio—a measure of insurance profitability where under 100 is good—rose to 98.3% in Q1 2026 from 96.1% in Q1 2025.
• Free cash flow was $210.5 million in Q1 2026, a 22.3% decrease from $271 million in Q1 2025.

Bottom Line

Selective Insurance has transitioned from a local firm to a diversified provider of commercial, personal, and specialized insurance products. Its focus on agent relationships and diverse investment strategies supports its stability in the property and casualty market.