April 23, 2026, 2:39 PM EDT. Selective Insurance Group reported Q1 2026 operating income of $1.69 per share, down 11% year over year and missing estimates by 2.3%. Revenues rose 6.4% to $1.4 billion, driven by net premiums and investment income, though net premiums written declined 1%. Underwriting income fell 53% due to higher catastrophe losses, pushing the combined ratio to 98.3, slightly above estimates. Standard Commercial Lines suffered a 1% drop in net premiums written and a worsened combined ratio, while Standard Personal Lines saw a 6% decline in premiums but improved underwriting. Excess & Surplus Lines posted modest premium growth and better margins. Total assets reached $15.3 billion, with stable long-term debt and a 2% rise in book value per share. Operating return on equity contracted year over year to 12%.