Selective Insurance Group Reports 11% Revenue Growth and Net Income Recovery in Q2 2025

Selective Insurance Group, Inc. reported significant financial improvements in its second quarter and first half of 2025, as detailed in its latest 10-Q filing. For the quarter ended June 30, 2025, the company achieved total revenues of $1.33 billion, an increase of 11% from $1.20 billion in the same period last year. Net income for the quarter was $85.9 million, a substantial recovery from a loss of $63.3 million in the prior year, resulting in earnings per share of $1.36 compared to a loss of $1.08 per share in 2024. For the six months ended June 30, 2025, revenues reached $2.61 billion, up 11% from $2.36 billion, with net income rising to $195.8 million from $19.2 million in the previous year.

The company’s improved performance can be attributed to several factors, including a 10% increase in net premiums earned, which totaled $1.19 billion for the quarter. This growth was driven by a combination of higher renewal pricing and increased exposure on renewal policies, despite a modest decline in new business. The combined ratio, a key measure of underwriting profitability, improved to 100.2% from 116.1% year-over-year, indicating better loss management and expense control.

Strategically, Selective Insurance has focused on refining its underwriting practices and pricing strategies to adapt to market conditions. The company reported a 10.1% increase in renewal pure pricing across its insurance segments, which reflects its proactive approach to managing risk and profitability. Additionally, the company expanded its agency network, adding 60 new agency locations in the first half of 2025, contributing to its growth strategy.

Operationally, Selective Insurance has maintained a strong capital position, with total assets of $14.47 billion and stockholders' equity of $3.37 billion as of June 30, 2025. The company’s investment portfolio also showed resilience, with net investment income increasing by 18% to $127.97 million for the quarter, driven by effective portfolio management and the issuance of new senior notes. Looking ahead, Selective Insurance anticipates a GAAP combined ratio between 97% and 98% for the full year, reflecting its commitment to maintaining profitability while navigating a challenging insurance landscape.