Selective Insurance Group Q4 Earnings Call Highlights

Commercial auto was a key focus. Marchioni said the company entered 2025 expecting accident-year margins to improve because it had earned double-digit rate increases over multiple years that exceeded an assumed loss trend of roughly 8%. As the year progressed, however, Selective “increased commercial auto casualty loss costs by nearly 6 points” and raised its expected severity trend for commercial auto liability to approximately 10%, which he said is reflected in results and incorporated into 2026 guidance. ...