Selective Insurance (SIGI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended September 2025, Selective Insurance (SIGI) reported revenue of $1.35 billion, up 9.1% over the same period last year. EPS came in at $1.75, compared to $1.40 in the year-ago quarter.

The reported revenue represents a surprise of +0.42% over the Zacks Consensus Estimate of $1.35 billion. With the consensus EPS estimate being $1.84, the EPS surprise was -4.89%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Selective Insurance performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Underwriting expense ratio: 30.6% versus the four-analyst average estimate of 31.1%.
• Combined ratio: 98.6% versus the four-analyst average estimate of 97.7%.
• Loss and loss expense ratio: 67.9% versus 67.1% estimated by four analysts on average.
• Standard Commercial Lines - Combined Ratio: 101.1% versus 98.8% estimated by three analysts on average.
• Standard Personal Lines - Combined Ratio: 110.1% versus 110.8% estimated by three analysts on average.
• Excess and Surplus Lines - Combined Ratio: 76.2% versus 86.3% estimated by three analysts on average.
• Revenues- Standard Personal Lines- Net Premiums Earned: $101.5 million compared to the $103.98 million average estimate based on four analysts. The reported number represents a change of -5.6% year over year.
• Revenues- Standard Commercial Lines- Net Premiums Earned: $947.3 million versus $940.84 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.2% change.
• Revenues- Net investment income earned: $138.7 million compared to the $137.71 million average estimate based on four analysts. The reported number represents a change of +17.7% year over year.
• Revenues- Excess and Surplus Lines- Net Premiums Earned: $155.9 million versus $156.68 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +20.6% change.
• Revenues- Net premiums earned: $1.2 billion compared to the $1.2 billion average estimate based on four analysts. The reported number represents a change of +8.3% year over year.
• Revenues- Other income: $8.7 million versus the three-analyst average estimate of $9.67 million. The reported number represents a year-over-year change of -2.3%.

View all Key Company Metrics for Selective Insurance here>>>

Shares of Selective Insurance have returned +7.2% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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