Selective Insurance Q1 adjusted EPS misses analyst expectations

Selective Insurance

22/04/2026 21:28

Overview

US property and casualty insurer's Q1 adjusted EPS missed analyst expectations

Net premiums written fell 1% yr/yr amid competitive market and underwriting actions

Company repurchased $30 mln in shares during the quarter

Outlook

Selective sees 2026 GAAP combined ratio of 96.5% to 97.5%, including 6 points catastrophe losses

Company expects 2026 after-tax net investment income of $465 mln

Selective says competitive market conditions continue and focus remains on underwriting profitability

Result Drivers

UNDERWRITING ACTIONS - Co said net premiums written decreased 1% due to competitive market conditions and deliberate actions to strengthen performance

CATASTROPHE LOSSES - Higher catastrophe losses increased the combined ratio compared to prior year

INVESTMENT INCOME - Net investment income rose 18% yr/yr, providing a positive contribution to results

Company press release: ID:nBwbjnLNsa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Premiums Written
$1.23 bln
Q1 Adjusted EPS
Miss
$1.69
$1.86 (7 Analysts)
Q1 Net Income
$95.40 mln
Q1 Adjusted ROE
12.00%
Q1 Combined Ratio
98.30%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy."

Wall Street's median 12-month price target for Selective Insurance Group Inc is $86.00, about 6.3% above its April 21 closing price of $80.88

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)