Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Exact Name of Registrant as Specified in Its Charter) or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____________________________to_____________________________ Commission File Number: 001-33067 SELECTIVE INSURANCE GROUP, INC. ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly ...

Core Insights - Selective Insurance Group, Inc. (SIGI) reported second-quarter 2025 operating income of $1.31 per share, missing the Zacks Consensus Estimate by 15.5%, but rebounding from a loss of $1.10 per share in the prior year [1][8] - The company's total revenues reached $1.3 billion, a 10.9% increase year-over-year, driven by higher net premiums written and net investment income, surpassing estimates by 0.9% [2][8] Financial Performance - Net premiums written (NPW) increased by 5% year-over-year to $1.3 billion, with average renewal pure price rising 80 basis points to 9.9% [2] - Net investment income rose 18% year-over-year to $101 million [3] - Net catastrophe losses were $79.9 million, down from $90.5 million in the previous year, while non-catastrophe property losses decreased to $173.2 million from $185.5 million [3] Combined Ratio and Expenses - The combined ratio improved by 1590 basis points year-over-year to 96.1, benefiting from lower catastrophe losses and loss expenses, compared to the Zacks Consensus Estimate of 98 [4][8] - Total expenses declined by 4.6% year-over-year to $1.2 billion, aligning with estimates [4] Segmental Results - Standard Commercial Lines' NPW increased by 6% year-over-year to $1 billion, with a combined ratio improvement of 1600 basis points to 102.8 [5] - Standard Personal Lines' NPW decreased by 5% year-over-year to $110.5 million, with a combined ratio improvement of 2650 basis points to 91.6 [6] - Excess & Surplus Lines' NPW rose by 9% year-over-year to $160.2 million, with a combined ratio improvement of 480 basis points to 89.8 [7] Financial Position - As of June 30, 2025, total assets were $14.5 billion, a 7% increase from December 2024 [9] - Long-term debt surged by 78% to $902.7 million, with a debt-to-total capitalization ratio of 21.1% [9] - Adjusted book value per share increased by 5% year-over-year to $54.48, with an operating return on common equity of 10.3% compared to negative 9.6% in the prior year [9] Shareholder Returns - The board authorized a quarterly cash dividend of 38 cents per share, payable on September 2, 2025 [10] 2025 Guidance - SIGI estimates a GAAP combined ratio of 97% to 98%, reflecting a 100-basis point deterioration from previous guidance, with net catastrophe losses expected to contribute 6 points [11] - The company anticipates after-tax net investment income of $415 million, an increase from prior guidance of $405 million [11]

Selective Insurance (SIGI) came out with quarterly earnings of $1.31 per share, missing the Zacks Consensus Estimate of $1.55 per share. This compares to a loss of $1.1 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -15.48%. A quarter ago, it was expected that this insurance holding company would post earnings of $1.89 per share when it actually produced earnings of $1.76, delivering a surprise of -6.88%.Over the last four qu ...

Exhibit 99.4 GAAP LINE OF BUSINESS SUPPLEMENT HISTORICAL INFORMATION MARCH 2023 THROUGH MARCH 2025 TABLE OF CONTENTS | | Page | | --- | --- | | General Liability | 3 | | Commercial Automobile | 4 | | Commercial Property | 5 | | Workers Compensation | 6 | | Businessowners' Policies (BOP) | 7 | | Bonds | 8 | | Commercial Other | 9 | | Total Standard Commercial Lines | 10 | | Personal Automobile | 11 | | Personal Homeowners | 12 | | Personal Other | 13 | | Total Standard Personal Lines | 14 | | E&S | | | Casua ...

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Selective Insurance, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Selective Insurance is expected to report quarterly earnings of $1.55 per share, reflecting a significant year-over-year increase of +240.9% [3]. - Revenue projections stand at $1.31 billion, indicating a growth of 9.7% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting stability in analyst expectations [4]. - The Most Accurate Estimate for Selective Insurance is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +1.94% [11]. Earnings Surprise Prediction - A positive Earnings ESP is generally a strong indicator of an earnings beat, especially when combined with a favorable Zacks Rank [9]. - However, Selective Insurance currently holds a Zacks Rank of 4, complicating the prediction of an earnings beat despite the positive Earnings ESP [11]. Historical Performance - In the last reported quarter, Selective Insurance was expected to earn $1.89 per share but only achieved $1.76, resulting in a surprise of -6.88% [12]. - The company has not surpassed consensus EPS estimates in any of the last four quarters [13]. Conclusion - While Selective Insurance is not positioned as a compelling earnings-beat candidate, investors should consider various factors beyond earnings expectations when making investment decisions [16].

Key Takeaways SIGI is driving premium growth through exposure growth, high retention rates, and increased new business. The excess and surplus Lines segment gains from renewal pure price increases and strong new business momentum. Selective Insurance expects after-tax net investment income of $405 million for 2025.Selective Insurance Group, Inc. (SIGI) shares are trading at a premium to the Zacks Property and Casualty Insurance industry. Its price-to-book value of 1.69X is higher than the industry average ...

A month has gone by since the last earnings report for Selective Insurance (SIGI) . Shares have lost about 3% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Selective Insurance due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Th ...

Group 1 - Selective Insurance (NASDAQ: SIGI) is one of the largest insurance carriers in the U.S., specializing in commercial and personal insurance coverages [1] - The company also operates in the excess and surplus market, indicating a diverse portfolio in the insurance sector [1] - The CrickAnt, an actuary, contributes to the Cash Flow Club, focusing on company cash flows and access to capital, which may provide insights into investment opportunities in the insurance industry [1] Group 2 - The Cash Flow Club offers features such as access to a leader's personal income portfolio targeting yields of 6%+, community chat, and a "Best Opportunities" List, which may be beneficial for investors [1]

Financial Performance - Revenues for Q1 2025 reached $1,285,186, a 10% increase from $1,164,959 in Q1 2024[73] - After-tax net investment income rose to $95,621, reflecting a 12% increase compared to $85,640 in the previous year[73] - Net income available to common stockholders increased by 34% to $107,596 from $80,218 in Q1 2024[73] - Non-GAAP operating ROE for Q1 2025 was 14.4%, exceeding the 12% target and up from 11.7% in Q1 2024[75] - Net Premiums Written (NPW) increased by 7% to $1,240,443, and Net Premiums Earned (NPE) grew by 10% to $1,158,757 in Q1 2025 compared to Q1 2024[81] - Underwriting income rose significantly by 140% to $45,637 in Q1 2025, compared to $19,031 in Q1 2024[81] - Net cash provided by operating activities increased to $284.0 million in First Quarter 2025, compared to $114.2 million in First Quarter 2024[154] Combined Ratio and Underwriting Performance - The combined ratio improved to 96.1%, down 2.1 points from 98.2% in Q1 2024[73] - The combined ratio improved to 96.1%, down from 98.2%, reflecting a 2.1-point decrease year-over-year[81] - The combined ratio improved by 2.6 points to 97.3% in Q1 2025, reflecting a decrease in the loss and loss expense ratio to 66.6%[102] - The loss and loss expense ratio for Standard Commercial Lines improved to 63.8%, down from 66.7% in Q1 2024[91] - The combined ratio for Commercial Property decreased by 10.2 points to 83.9% in Q1 2025, with net catastrophe losses significantly lower at $16.4 million[104] - The combined ratio for Workers Compensation increased by 26.6 points to 105.9% in Q1 2025, impacted by higher current year casualty loss costs[106] - The loss and loss expense ratio for Standard Personal Lines improved by 7.3 points to 73.9% in Q1 2025, aided by a favorable prior year casualty reserve development of $5 million[110] - The combined ratio for E&S Lines increased by 4.9 points to 92.5% in Q1 2025, with loss and loss expense incurred rising by 37% to $87,990[113] Business Growth and Strategy - New business moderated as rate increases accelerated, but policy retention remained strong[79] - The company added 30 agency locations in Q1 2025, contributing to a net increase of 200 agency locations in 2024[79] - The company expects to write new business in Kansas, Montana, and Wyoming by the end of 2026[80] - Overall renewal pure pricing across insurance segments was 10.3%, up 2.2 points from the previous year[80] - The thirteen states added since 2017 produced $350 million in premium, representing approximately 10% of Standard Commercial Lines NPW[80] Investment Performance - Total invested assets grew by 7% to $10,295,310 thousand as of March 31, 2025, up from $9,651,297 thousand at December 31, 2024[119] - Net investment income earned increased by 12% to $95,621 thousand in Q1 2025 from $85,640 thousand in Q1 2024[121] - Net unrealized losses before tax decreased by 26% to $(232,510) thousand in Q1 2025 from $(314,680) thousand in Q1 2024[119] - The annualized after-tax yield on the investment portfolio decreased slightly to 3.8% in Q1 2025 from 3.9% in Q1 2024[121] - Net unrealized gains on equity securities increased by 52% to $1,050,000 in Q1 2025 from $692,000 in Q1 2024[122] Capital Management - The company maintains a solid capital base and high-quality underwriting portfolio, enhancing financial strength and underwriting capacity[152] - The company may take various actions to manage capital, including contributing capital to Insurance Subsidiaries and repurchasing shares[151] - The company issued $400 million of 5.90% Senior Notes due 2035, resulting in net proceeds of $395.9 million, which includes a $200 million capital contribution to the Insurance Subsidiaries[139] - The company repurchased 233,611 shares of common stock for $19.4 million, with $56.1 million of remaining capacity under the share repurchase program as of March 31, 2025[140] - As of March 31, 2025, the company had GAAP stockholders' equity of $3.3 billion and a debt-to-capital ratio of 21.7%[144] Tax and Regulatory - Federal income tax expense for Q1 2025 was $28,990,000, up from $20,048,000 in Q1 2024, resulting in an effective tax rate of 21.2%[123]

Image source: The Motley Fool.Wednesday, May 7, 2025CALL PARTICIPANTSJohn Marchioni: Chairman of the Board, President, and Chief Executive OfficerPatrick Brennan: Executive Vice President and Chief Financial OfficerBrad Wilson: Senior Vice President, Investor Relations and TreasurerNeed a quote from one of our analysts? Email [email protected] Combined Ratio: 96.1%, including 3.7 points of catastrophe losses and 0.4 points of unfavorable prior year casualty reserve development in personal auto for Q1 2025.N ...