Selective Insurance Group, Inc. Overview
Pro stress-test →Selective Insurance Group is a holding company for 10 property and casualty insurance companies that through independent agents offers standard insurance for commercial and personal risks and specialty insurance for commercial risks. The company reported record fiscal year 2025 with net income surging 131% to $457.2 million, achieving an 18% increase in book value per share to $56.74, driven by strong investment performance and a significant improvement in the combined ratio to 97.2%.
Strategic Profile
Pro stress-test →Selective has written all-in rates at 9.5% over two years versus trend assumptions of 7% to 7.5%, and expanded its commercial lines footprint from 22 states to 36 states with plans to reach 40, while growing excess and surplus lines from nothing to 13% of business. The Excess and Surplus segment remains a bright spot with a 93.1% combined ratio, allowing the company to capture higher-margin risks as Standard Commercial faces rising casualty headwinds.
Competitive Landscape
Pro stress-test →The commercial insurance market remains fragmented and highly competitive, with accounts Selective seeks to up-price or exit often finding other carriers willing to write them as property markets soften. Selective competes as a regional mid-sized P&C carrier against national carriers like State Farm, Allstate, and Travelers, as well as specialty carriers like RLI and White Mountains.
Industry Context
Selective Insurance Group, Inc. operates in Property & Casualty Insurance.
Key facts
Founded: 1926 · Headquarters: Branchville, NJ, US · Revenue: $5.34B · Market cap: $5.23B