Selective Insurance Pref Share SIGIP 4.6 Perp 12/15/25 B

Revenue: As of FY2025 Q3, the actual value is USD 1.36 B.

EPS: As of FY2025 Q3, the actual value is USD 1.85.

Net premiums written: $1,207.9 million, up 4% from $1,157.6 million in Q3 2024.
Net premiums earned: $1,204.7 million, up 8% from $1,112.2 million in Q3 2024.
Net investment income earned: $138.7 million, up 18% from $117.8 million in Q3 2024.
Net realized and unrealized gains (losses), pre-tax: $8.1 million, up 50% from $5.4 million in Q3 2024.
Total revenues: $1,360.1 million, up 9% from $1,244.3 million in Q3 2024.
Net underwriting income (loss), after-tax: $13.2 million, up 218% from $4.1 million in Q3 2024.
Net income (loss) available to common stockholders: $113.0 million, up 26% from $90.0 million in Q3 2024.
Non-GAAP operating income (loss): $106.7 million, up 24% from $85.7 million in Q3 2024.
Combined ratio: 98.6%, improved from 99.5% in Q3 2024.
Loss and loss expense ratio: 67.9%, improved from 68.8% in Q3 2024.
Underwriting expense ratio: 30.6%, unchanged from Q3 2024.
Net catastrophe losses: 2.1 points, down from 13.4 points in Q3 2024.
Book value per common share: $54.46, up 12% from $48.82 in Q3 2024.
Adjusted book value per common share: $55.83, up 10% from $50.80 in Q3 2024.

Net premiums written: $104.2 million, down 6% from $111.0 million in Q3 2024.
Net premiums earned: $101.5 million, down 6% from $107.5 million in Q3 2024.
Combined ratio: 110.1%, improved from 122.1% in Q3 2024.
Loss and loss expense ratio: 88.0%, improved from 98.7% in Q3 2024.
Underwriting expense ratio: 22.1%, improved from 23.4% in Q3 2024.
Net catastrophe losses: 12.0 points, down from 38.8 points in Q3 2024.

Net premiums written: $162.9 million, up 14% from $142.7 million in Q3 2024.
Net premiums earned: $155.9 million, up 21% from $129.3 million in Q3 2024.
Combined ratio: 76.2%, improved from 83.2% in Q3 2024.
Loss and loss expense ratio: 46.1%, improved from 52.5% in Q3 2024.
Underwriting expense ratio: 30.1%, improved from 30.7% in Q3 2024.
Net catastrophe losses: -1.5 points, down from 5.2 points in Q3 2024.

Net investment income earned, after-tax: $110.0 million, up 18% from $93.4 million in Q3 2024.
Net investment income per common share: $1.80, up 18% from $1.52 in Q3 2024.
Annualized ROE contribution: 13.6%, up from 13.1% in Q3 2024.

Total assets: $14,980.4 million, up 11% from $13,514.2 million as of December 31, 2024.
Total investments: $11,051.5 million, up 15% from $9,651.3 million as of December 31, 2024.
Long-term debt: $902.3 million, up 78% from $507.9 million as of December 31, 2024.
Stockholders’ equity: $3,490.0 million, up 12% from $3,120.1 million as of December 31, 2024.
Common stockholders’ equity: $3,290.0 million, up 13% from $2,920.1 million as of December 31, 2024.
Book value per common share: $54.46, up 13% from $47.99 as of December 31, 2024.
Adjusted book value per common share: $55.83, up 7% from $52.10 as of December 31, 2024.
Debt to total capitalization: 20.5%, up from 14.0% as of December 31, 2024.

GAAP combined ratio: 97% to 98%, including net catastrophe losses of 4 points and the impact of prior year casualty reserve development reported through the third quarter.
After-tax net investment income: $420 million, up from prior guidance of $415 million.
Overall effective tax rate: 21.5%.
Weighted average shares: 61.1 million on a fully diluted basis, reflecting the shares repurchased in the first nine months of 2025 and assuming no additional repurchases under the share repurchase authorization.

The company anticipates challenging conditions in the economy, global capital markets, and commercial real estate, which could increase loss costs and negatively impact investment portfolios.
There is a potential impact from ongoing wars and conflicts on global economic, banking, commodity, and financial markets, which could exacerbate economic challenges, including inflation and supply chain disruption.
The company is focused on maintaining favorable financial ratings from agencies such as AM Best, Standard & Poor’s, Moody’s, and Fitch.

Selective Insurance Pref Share SIGIP 4.6 Perp 12/15/25 B | 8-K: FY2025 Q3 Revenue: USD 1.36 B