Selective Insurance (SIGI)


Market Price (10/17/2026): $89.18 | Market Cap: $5.3 BilSector: Financials | Industry: Property & Casualty Insurance

Selective Insurance (SIGI)


Market Price (10/17/2026): $89.18
Market Cap: $5.3 Bil
Sector: Financials
Industry: Property & Casualty Insurance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.2%, FCF Yield is 22%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%

Low stock price volatility
Vol 12M is 24%

Megatrend and thematic drivers
Megatrends include Cybersecurity, AI in Financial Services, and Smart Buildings & Proptech. Themes include Software Security, Show more.

Weak multi-year price returns
2Y Excs Rtn is -36%, 3Y Excs Rtn is -87%

Key risks
SIGI key risks include [1] its history of significant adverse casualty reserve development, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.2%, FCF Yield is 22%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%
2 Low stock price volatility
Vol 12M is 24%
3 Megatrend and thematic drivers
Megatrends include Cybersecurity, AI in Financial Services, and Smart Buildings & Proptech. Themes include Software Security, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -36%, 3Y Excs Rtn is -87%
5 Key risks
SIGI key risks include [1] its history of significant adverse casualty reserve development, Show more.

SIGI in ETFs

Weight = SIGI's share of each fund

VTI0.01%
ITOT0.01%
IWM0.18%
IJH0.15%
VIG0.02%
VYM0.02%
VB0.07%
AVUV0.48%
+18 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/1/2026

Selective Insurance (SIGI) stock has lost about 10% since 6/30/2026 because of the following key factors:

1. Market concerns over Selective Insurance's strategic reduction in premium volume despite strong Q2 2026 earnings.

Despite exceeding analyst expectations for its fiscal Q2 2026 earnings with diluted EPS of $2.11 (vs. $1.67 consensus) and revenue of $1.39 billion (vs. $1.37 billion consensus), and achieving an operating return on equity (ROE) of 13.7%, Selective Insurance's net premiums written (NPW) declined by 5% overall. This was primarily driven by a 6% decrease in Standard Commercial Lines and an 8% decrease in Standard Personal Lines, reflecting management's intentional strategy to prioritize profitability through disciplined underwriting over top-line growth. This shift in strategy, while improving the combined ratio to 98.0%, likely contributed to a muted stock reaction post-earnings and subsequent investor apprehension regarding future revenue expansion, with the stock dipping about 1.4% immediately after the earnings release.

2. Elevated current year casualty loss costs and broader industry catastrophe trends.

Although Selective reported lower catastrophe losses in fiscal Q2 2026, its results were impacted by higher current year casualty loss costs and non-catastrophe property losses. Management also acknowledged elevated claims frequency in commercial auto liability during its Q2 2026 earnings call. This company-specific pressure, coupled with a broader industry environment of historically high catastrophe losses nationwide (exceeding $35 billion from severe convective storms year-to-date in 2026 as of August 14, 2026) driven by climate volatility and rising reconstruction costs, likely fueled investor concerns about the long-term sustainability of underwriting profitability for property and casualty insurers like Selective.

Show more
Updated on 10/1/2026

Selective Insurance (SIGI) stock has lost about 10% since 6/30/2026 because of the following key factors:

1. Market concerns over Selective Insurance's strategic reduction in premium volume despite strong Q2 2026 earnings.

Despite exceeding analyst expectations for its fiscal Q2 2026 earnings with diluted EPS of $2.11 (vs. $1.67 consensus) and revenue of $1.39 billion (vs. $1.37 billion consensus), and achieving an operating return on equity (ROE) of 13.7%, Selective Insurance's net premiums written (NPW) declined by 5% overall. This was primarily driven by a 6% decrease in Standard Commercial Lines and an 8% decrease in Standard Personal Lines, reflecting management's intentional strategy to prioritize profitability through disciplined underwriting over top-line growth. This shift in strategy, while improving the combined ratio to 98.0%, likely contributed to a muted stock reaction post-earnings and subsequent investor apprehension regarding future revenue expansion, with the stock dipping about 1.4% immediately after the earnings release.

2. Elevated current year casualty loss costs and broader industry catastrophe trends.

Although Selective reported lower catastrophe losses in fiscal Q2 2026, its results were impacted by higher current year casualty loss costs and non-catastrophe property losses. Management also acknowledged elevated claims frequency in commercial auto liability during its Q2 2026 earnings call. This company-specific pressure, coupled with a broader industry environment of historically high catastrophe losses nationwide (exceeding $35 billion from severe convective storms year-to-date in 2026 as of August 14, 2026) driven by climate volatility and rising reconstruction costs, likely fueled investor concerns about the long-term sustainability of underwriting profitability for property and casualty insurers like Selective.

3. Analyst downgrades and price target reductions.

Following the fiscal Q2 2026 earnings report, several financial institutions revised their ratings and price targets for Selective Insurance. BMO Capital Markets, for instance, lowered its rating from "outperform" to "market perform" and set a $97.00 price target on July 28, 2026. Similarly, Piper Sandler decreased its price target from $105.00 to $97.00 while maintaining a "neutral" rating. Weiss Ratings also downgraded the stock from "buy (b-)" to "hold (c+)" on September 1, 2026. These adjustments by analysts likely influenced negative investor sentiment and contributed to the stock's downward trend.

4. Broader macroeconomic uncertainty following the Federal Reserve's interest rate hike.

While higher interest rates generally benefit insurance companies' investment income (Selective's after-tax net investment income rose 18% year-over-year in Q2 2026 due to higher rates), the Federal Reserve's unanimous decision in September 2026 to raise the federal funds rate by 25 basis points to a target range of 3.75%-4.00% (the first hike since July 2023) introduced macroeconomic uncertainty. This move, aimed at combating elevated inflation (3.4% annually in July 2026), could have led to investor apprehension regarding potential economic slowdowns or a less favorable investment environment overall, contributing to a cautious stance on equities, including Selective Insurance.

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Stock Movement Drivers

Fundamental Drivers

The -7.7% change in SIGI stock from 6/30/2026 to 10/16/2026 was primarily driven by a -16.2% change in the company's P/E Multiple.
(LTM values as of)630202610162026Change
Stock Price ($)96.5789.16-7.7%
Change Contribution By: 
Total Revenues ($ Mil)5,4115,4711.1%
Net Income Margin (%)8.4%9.1%8.4%
P/E Multiple12.810.7-16.2%
Shares Outstanding (Mil)60600.6%
Cumulative Contribution-7.7%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/16/2026
ReturnCorrelation
SIGI-7.7% 
Market (SPY)2.2%-13.7%
Sector (XLF)3.6%19.7%

Fundamental Drivers

The 19.4% change in SIGI stock from 3/31/2026 to 10/16/2026 was primarily driven by a 10.9% change in the company's P/E Multiple.
(LTM values as of)331202610162026Change
Stock Price ($)74.6789.1619.4%
Change Contribution By: 
Total Revenues ($ Mil)5,3375,4712.5%
Net Income Margin (%)8.7%9.1%4.1%
P/E Multiple9.610.710.9%
Shares Outstanding (Mil)60600.9%
Cumulative Contribution19.4%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/16/2026
ReturnCorrelation
SIGI19.4% 
Market (SPY)17.7%-13.2%
Sector (XLF)12.9%25.3%

Fundamental Drivers

The 12.2% change in SIGI stock from 9/30/2025 to 10/16/2026 was primarily driven by a 21.2% change in the company's Net Income Margin (%).
(LTM values as of)930202510162026Change
Stock Price ($)79.4789.1612.2%
Change Contribution By: 
Total Revenues ($ Mil)5,1135,4717.0%
Net Income Margin (%)7.5%9.1%21.2%
P/E Multiple12.610.7-15.2%
Shares Outstanding (Mil)61602.0%
Cumulative Contribution12.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/16/2026
ReturnCorrelation
SIGI12.2% 
Market (SPY)15.5%-4.0%
Sector (XLF)4.3%34.6%

Fundamental Drivers

The -9.0% change in SIGI stock from 9/30/2023 to 10/16/2026 was primarily driven by a -49.5% change in the company's P/E Multiple.
(LTM values as of)930202310162026Change
Stock Price ($)97.9389.16-9.0%
Change Contribution By: 
Total Revenues ($ Mil)3,8885,47140.7%
Net Income Margin (%)7.2%9.1%26.2%
P/E Multiple21.210.7-49.5%
Shares Outstanding (Mil)61601.6%
Cumulative Contribution-9.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/16/2026
ReturnCorrelation
SIGI-9.0% 
Market (SPY)84.7%16.0%
Sector (XLF)74.7%38.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SIGI Return24%10%14%-5%-9%6%42%
Peers Return26%14%2%33%14%7%136%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
SIGI Win Rate67%50%58%42%58%60% 
Peers Win Rate57%53%53%70%58%52% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SIGI Max Drawdown-12%-17%-13%-25%-21%-18% 
Peers Max Drawdown-13%-21%-22%-11%-17%-16% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: THG, CINF, WRB, RLI, HIG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/16/2026 (YTD)

How Low Can It Go

EventSIGIS&P 500
2024 Yen Carry Trade Unwind
  % Loss-11.9%-7.8%
  % Gain to Breakeven13.5%8.5%
  Time to Breakeven73 days18 days
2023 SVB Regional Banking Crisis
  % Loss-10.9%-6.7%
  % Gain to Breakeven12.2%7.1%
  Time to Breakeven48 days31 days
2020 COVID-19 Crash
  % Loss-38.4%-33.7%
  % Gain to Breakeven62.3%50.9%
  Time to Breakeven274 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-12.5%-3.7%
  % Gain to Breakeven14.3%3.9%
  Time to Breakeven12 days6 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-25.4%-17.9%
  % Gain to Breakeven34.1%21.8%
  Time to Breakeven58 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-15.9%-15.4%
  % Gain to Breakeven18.9%18.2%
  Time to Breakeven92 days125 days

Compare to THG, CINF, WRB, RLI, HIG

In The Past

Selective Insurance's stock fell -1.8% during the 2025 US Tariff Shock. Such a loss loss requires a 1.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSIGIS&P 500
2020 COVID-19 Crash
  % Loss-38.4%-33.7%
  % Gain to Breakeven62.3%50.9%
  Time to Breakeven274 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-25.4%-17.9%
  % Gain to Breakeven34.1%21.8%
  Time to Breakeven58 days123 days
2008-2009 Global Financial Crisis
  % Loss-55.2%-53.4%
  % Gain to Breakeven123.3%114.4%
  Time to Breakeven1397 days1085 days

Compare to THG, CINF, WRB, RLI, HIG

In The Past

Selective Insurance's stock fell -1.8% during the 2025 US Tariff Shock. Such a loss loss requires a 1.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Selective Insurance (SIGI)

Selective Insurance Group, Inc. (SIGI) is a U.S.-based company primarily engaged in providing a comprehensive suite of insurance products and services. Beyond its core insurance operations, SIGI also manages a substantial investment portfolio that includes fixed income, commercial mortgage loans, and various equity and alternative investments, contributing to its overall financial performance.

The company's insurance offerings cover a broad spectrum, including property insurance, which protects against losses to real and personal property and earnings, and casualty insurance, which covers employee injuries and third-party liabilities for bodily harm or property damage. Selective also provides flood insurance. These products are distributed through distinct segments: Standard Commercial Lines for businesses, Standard Personal Lines for individuals, and E&S (Excess & Surplus) Lines for specialized risks. Selective serves a diverse customer base, including businesses, non-profit organizations, local government agencies, and individuals, leveraging a network of independent retail agents and wholesale general agents for distribution.

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1. It's like a Travelers or Chubb, but also offering personal insurance to individuals.

2. Imagine an Allstate or State Farm, but with a major emphasis on insurance for businesses and specialty risks.

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  • Property Insurance: Covers the financial consequences of accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss.
  • Casualty Insurance: Covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party.
  • Flood Insurance: Provides coverage for damages caused by flooding.

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John J. Marchioni
Chairman of the Board, President and Chief Executive Officer

John J. Marchioni joined Selective Insurance in 1998 as a Government Affairs Specialist. He progressed through various leadership roles, including Assistant Vice President in Government Affairs, Vice President, Director of Government Affairs, Vice President and Strategic Business Unit Leader, and Senior Vice President, Director of Personal Lines and Flood. He was promoted to Executive Vice President, Chief Field Operations Officer in 2007 and President and Chief Operating Officer in 2013. He served as President and Chief Executive Officer from February 2020 until May 2022, when he assumed his current role as Chairman of the Board, President and Chief Executive Officer. Prior to joining Selective, he was Vice President of Government Affairs for the Commerce & Industry Association of New Jersey.

Patrick S. Brennan
Executive Vice President, Chief Financial Officer

Patrick S. Brennan was appointed Executive Vice President and Chief Financial Officer of Selective, effective October 1, 2024. Before joining Selective in 2024, he spent 18 years at The Progressive Corporation, where he most recently served for eight years as Treasurer, overseeing treasury, capital strategy, risk management, and investor relations. His earlier career included key positions in the Treasury department at IBM Corporation, focusing on funding and foreign exchange strategy.

John Bresney
Executive Vice President, Chief Information Officer

John Bresney is the Executive Vice President, Chief Information Officer at Selective, responsible for all IT operations. He began his career at Selective as an intern in 1994, advancing through various leadership roles, including Senior Application Development Manager, Assistant Vice President, Enterprise Development Services; Vice President, Infrastructure and Operations; and Vice President, Personal Lines Business Development and Architecture.

Joseph O. Eppers
Executive Vice President, Chief Investment Officer

Joseph O. Eppers is the Executive Vice President, Chief Investment Officer at Selective. He joined the company in 2015, bringing 20 years of professional investment experience. Prior to Selective, he served as a Director at BlackRock within the Financial Institutions Group and was previously Senior Vice President of Investments at Endurance Specialty Holdings Ltd.

Jeffrey F. Kamrowski
Executive Vice President, MUSIC (Mesa Underwriters Specialty Insurance Company)

Jeffrey F. Kamrowski is the Executive Vice President, MUSIC (Mesa Underwriters Specialty Insurance Company), a subsidiary of Selective Insurance Group, Inc. He joined Selective in 1988 as a programming analyst and has gained extensive experience across standard and specialty lines insurance operations, holding various roles in Business Services, Commercial Lines Underwriting, E&S, and Information Technology.

AI Analysis | Feedback

Here are the key risks to Selective Insurance (SIGI):

  1. Social Inflation and Reserve Adequacy: Selective Insurance faces significant risk from social inflation, characterized by increased litigation, larger jury awards, and broader definitions of liability, particularly given its high exposure (approximately 45%) to lawsuit-prone insurance lines, including contractor insurance. This trend can lead to higher-than-expected claims payouts and necessitate further reserve strengthening, directly impacting profitability. The company has a recent history of reserve charges affecting its financial performance, including a substantial $75 million charge that contributed to a 13% stock decline after falling short of earnings estimates in Q1 2025. Selective Insurance also reported unfavorable prior-year casualty reserve development in 2024 and 2025.
  2. Climate Change and Catastrophic Events: As a provider of property and flood insurance, Selective Insurance is vulnerable to the increasing frequency and severity of natural disasters, such as hurricanes, wildfires, floods, and severe storms. These events strain loss ratios and require insurers to continuously reassess their exposure in high-risk geographies. The unpredictable nature and increasing frequency of such events can materially impact the company's financial results. Furthermore, climate change poses investment risks due to its transition and physical impacts on carbon-intensive sectors within the company's investment portfolio.
  3. Intense Competition and Dynamic Market Conditions: Selective Insurance operates in a highly competitive and fragmented property and casualty insurance market. The company faces robust competition from national carriers, super-regional insurers, and emerging digital entrants (insurtechs), which can impact its market share, pricing power, and overall profitability. The industry is also undergoing significant transformation driven by technological advancements like AI and data analytics, evolving customer expectations, and persistent inflationary pressures on loss costs, demanding continuous adaptation and investment to maintain competitiveness.

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The rise of direct-to-consumer digital insurance providers and insurtech companies poses a clear emerging threat to Selective Insurance. These new entrants leverage advanced technology, artificial intelligence, and data analytics to offer streamlined online and mobile-app based experiences, often providing faster quotes, personalized policies, and potentially lower prices by bypassing traditional independent agent distribution channels. As Selective Insurance heavily relies on independent retail and wholesale agents, this shift towards digital-first customer acquisition and service models could lead to erosion of market share, particularly in personal lines and smaller commercial segments where customers are increasingly opting for direct digital interactions for their insurance needs.

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The addressable markets for Selective Insurance's main products and services in the United States are as follows:

  • U.S. Property and Casualty Insurance Market: This market, which encompasses both property and casualty insurance products, was valued at an estimated USD 1.10 trillion in 2025 and is projected to reach USD 1.33 trillion by 2030, growing at a compound annual growth rate (CAGR) of 3.96%.
  • U.S. Homeowners' Insurance Market: A significant component of the property insurance sector, the market size for Homeowners' Insurance in the U.S. was approximately USD 175.1 billion in 2025.
  • U.S. Flood Insurance Market: The U.S. private residential flood insurance market generated premium revenue of USD 0.5 billion in 2024. More broadly, the U.S. flood insurance market, including both private and federal policies, saw direct premiums written increase to USD 4.1 billion in 2024.

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Selective Insurance (SIGI) is expected to drive future revenue growth over the next two to three years through a combination of strategic initiatives across its insurance operations and investment portfolio:

  • Disciplined Underwriting and Pricing Actions: The company is focused on strong underwriting and pricing discipline across its Standard Commercial Lines, Standard Personal Lines, and Excess & Surplus (E&S) Lines segments. This includes implementing renewal pure price increases, such as 15.1% in personal lines and 7.8% in E&S lines in Q4 2025, and 8.9% in Standard Commercial Lines in Q3 2025, which are anticipated to contribute to net premiums earned growth.
  • Expansion of Net Investment Income: Selective Insurance projects its after-tax net investment income to increase by 10% in 2026, reaching $465 million, driven by the growth in its invested assets. The company's conservative investment portfolio strategy and attractive new purchase yields, such as the 5.8% pretax average new purchase yield in Q3 2025, are expected to provide a durable source of future investment income.
  • Geographic Expansion and Market Diversification: The company plans to continue its geographic expansion, with the launch of Standard Commercial Lines business in Kansas in 2025 and anticipated entry into Montana and Wyoming by the end of 2026. Selective is also pursuing potential geographic expansion in Standard Personal Lines and aims to increase market share and diversify its product and distribution capabilities across its E&S and other specialty lines.
  • Strategic Technology Investments: Selective Insurance is investing in technology to enhance operational efficiency, improve decision-making, and support scalability. These investments, particularly in the Excess and Surplus segment, are intended to propel top-line growth and overall profitability.

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Share Repurchases

  • The Board of Directors approved a new $200 million share repurchase program effective October 27, 2025, superseding a prior $100 million authorization.
  • In 2025, Selective Insurance Group returned $182 million to common stockholders through regular dividends and opportunistic share repurchases.
  • Actual share repurchases amounted to approximately $92 million in 2025, $15.6 million in 2024, $7.9 million in 2023, and $19 million in 2022.

Outbound Investments

  • Annual "investing activities - other" for Selective Insurance were approximately $-0.055 billion in 2022, $-0.087 billion in 2023, $-0.065 billion in 2024, and $-0.191 billion for the twelve months ending December 31, 2025.
  • The company is committed to strategic investments aimed at fueling growth, innovation, and performance excellence, with a focus on expanding with existing partners and establishing new agency locations.
  • Selective Insurance maintains a conservative approach to its investment portfolio and has not made significant changes to its investment strategy.

Capital Expenditures

  • Selective Insurance is in the process of relocating many operations to a new leased facility in Short Hills, New Jersey, with the transition expected to occur from mid-2026 through 2029.
  • The company prioritizes deploying capital to enhance scale, improve decision-making, and boost operational efficiency, including investments in digital tools and underwriting strategies.

Peer Outperformance in Property & Casualty Insurance

SIGI has trailed 75% of its 40 Property & Casualty Insurance peers over 5Y. Among the peers that beat it are TRV, WRB and ORI. Property & Casualty Insurance ranks 5th of 18 industries in Financials by median 5Y return.
Share of Property & Casualty Insurance constituents that SIGI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
44%
of 45 industry peers · 12.9% return
3Y
5%
of 42 industry peers · -12.1% return
5Y
25%
of 40 industry peers · 22.7% return
Property & Casualty Insurance peers with revenue growth within 4pp of SIGI's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
SIGI Selective Insurance 12.1% 10.7x 12.9%-12.1%22.7% —
TRV Travelers Companies 8.2% 9.9x 51.2%142.0%175.2% +152pp
WRB WR Berkley 8.7% 15.2x 5.3%84.9%147.2% +124pp
ORI Old Republic International 8.6% 8.4x 5.7%76.5%123.0% +100pp
ALL Allstate 8.8% 4.8x 29.7%106.0%120.1% +97pp
MCY Mercury General 14.4% 6.1x 32.5%248.6%115.5% +93pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Property & Casualty Insurance is SIGI's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 28.5%65.3%117.9% SPNT 167% · RNR 146% · RGA 144%
Diversified Banks 12 32.7%129.7%94.2% CM 138% · JPM 131% · RY 124%
Life & Health Insurance 20 16.5%52.0%81.6% JXN 489% · UNM 290% · MFC 178%
Investment Banking & Brokerage 13 -9.6%92.8%79.7% IBKR 378% · SNEX 178% · GS 145%
Property & Casualty Insurance ← 41 15.4%76.5%65.1% TRV 175% · PGR 167% · ACGL 151%
Multi-line Insurance 9 9.7%60.2%63.3% GNW 109% · L 95% · AIZ 90%
Multi-Sector Holdings 3 3.7%45.9%51.1% BRK-B 87% · VOYA 51% · JEF 32%
Regional Banks 262 32.9%88.2%50.3% CBC 229% · FCNCA 153% · FBP 143%
Financial Exchanges & Data 15 8.2%34.3%33.4% VIRT 169% · CBOE 168% · CME 71%
Consumer Finance 30 6.6%73.5%23.5% ENVA 393% · EZPW 313% · FCFS 164%
Insurance Brokers 15 -8.0%3.9%12.9% LIFE 331% · ARX 88% · AJG 65%
Diversified Financial Services 4 -2.7%15.7%9.7% FRHC 187% · EQH 89%
Asset Management & Custody Banks 82 -9.5%15.3%6.9% WT 304% · AAMI 248% · VCTR 245%
Specialized Finance 3 13.7%32.6%-12.0% CACC -12% · HASI -20%
Commercial & Residential Mortgage Finance 13 -57.2%4.4%-13.5% FNMA 396% · FMCC 357% · ACT 169%
Mortgage REITs 33 -19.1%-1.7%-33.4% RITM 27% · DX 18% · AGNC 8%
Transaction & Payment Processing Services 17 4.5%0.3%-43.7% V 81% · MA 79% · CPAY 47%
Diversified Capital Markets 20 -52.8%10.5%-66.1% LPLA 90% · TW 39% · RIOT -51%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SIGITHGCINFWRBRLIHIGMedian
NameSelectiv.Hanover .Cincinna.WR Berkl.RLI Hartford. 
Mkt Price89.18233.13172.2175.3361.68135.06112.12
Mkt Cap5.38.226.629.35.736.917.4
Rev LTM5,4716,73413,95414,9181,97428,62610,344
Op Inc LTM-------
FCF LTM1,1891,2533,4003,4705175,7582,327
FCF 3Y Avg1,0478682,7633,4005225,6591,905
CFO LTM1,2331,2643,4173,6035245,8802,340
CFO 3Y Avg1,0838782,7813,5015285,8211,932

Growth & Margins

SIGITHGCINFWRBRLIHIGMedian
NameSelectiv.Hanover .Cincinna.WR Berkl.RLI Hartford. 
Rev Chg LTM7.0%5.4%19.6%4.8%8.7%6.1%6.5%
Rev Chg 3Y Avg12.1%5.3%14.3%8.7%1.0%7.2%7.9%
Rev Chg Q4.5%4.3%31.6%2.7%15.2%6.6%5.6%
QoQ Delta Rev Chg LTM1.1%1.1%7.9%0.7%4.0%1.6%1.3%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM22.5%18.8%24.5%24.2%26.5%20.5%23.3%
CFO/Rev 3Y Avg21.3%13.5%22.9%25.1%29.2%21.6%22.3%
FCF/Rev LTM21.7%18.6%24.4%23.3%26.2%20.1%22.5%
FCF/Rev 3Y Avg20.6%13.4%22.7%24.4%28.9%21.0%21.9%

Valuation

SIGITHGCINFWRBRLIHIGMedian
NameSelectiv.Hanover .Cincinna.WR Berkl.RLI Hartford. 
Mkt Cap5.38.226.629.35.736.917.4
P/S1.01.21.92.02.91.31.6
P/Op Inc-------
P/EBIT7.88.16.311.510.27.17.9
P/E10.710.88.015.212.98.510.7
P/CFO4.36.57.88.110.86.37.1
Total Yield11.2%10.9%14.6%8.2%15.4%13.5%12.4%
Dividend Yield1.8%1.6%2.1%1.6%7.6%1.7%1.8%
FCF Yield 3Y Avg18.8%13.9%11.7%13.4%8.5%16.8%13.7%
D/E0.20.10.00.10.10.10.1
Net D/E-0.0-0.1-0.1-0.9-0.3-0.4-0.2

Returns

SIGITHGCINFWRBRLIHIGMedian
NameSelectiv.Hanover .Cincinna.WR Berkl.RLI Hartford. 
1M Rtn0.7%0.6%1.4%7.8%1.9%0.1%1.1%
3M Rtn-7.1%9.8%-4.2%5.3%0.5%-3.3%-1.4%
6M Rtn8.8%29.4%4.4%13.9%9.4%-2.5%9.1%
12M Rtn12.9%41.1%16.3%5.1%13.2%10.9%13.1%
3Y Rtn-12.1%104.5%78.0%84.7%0.8%95.3%81.3%
1M Excs Rtn0.1%-0.5%-0.3%5.4%-0.2%-0.8%-0.2%
3M Excs Rtn-12.3%4.3%-8.9%-1.2%-4.7%-8.3%-6.5%
6M Excs Rtn-0.8%19.8%-5.2%4.3%-0.2%-12.1%-0.5%
12M Excs Rtn-7.2%21.1%-4.5%-15.7%-9.6%-10.2%-8.4%
3Y Excs Rtn-86.6%46.2%2.3%12.0%-74.4%22.6%7.2%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Standard Commercial Lines3,7543,4483,0722,7492,460
Excess and surplus (E&S) Lines606504391334280
Investments539454385173344
Standard Personal Lines408425365301295
Total5,3084,8314,2133,5583,379


Operating Income by Segment
$ Mil20152014201320032000
Standard Commercial Lines16461   
Investments13416515512899
Standard Personal Lines117   
E&S Lines-170   
Other-51 -50  
Reconciliation -46   
E&S Insurance Operations  -4  
Standard Insurance Operations  43  
Diversified Insurance Services   9 
Insurance Operations   -25 
Commercial Insurance    -45
Personal Insurance    -20
Total23319714411234


Net Income by Segment
$ Mil20132009
Investments135118
Total135118


Price Behavior

Price Behavior
Market Price$89.16 
Market Cap ($ Bil)5.3 
First Trading Date03/26/1990 
Distance from 52W High-10.6% 
   50 Days200 Days
DMA Price$89.17$86.45
DMA Trenddownup
Distance from DMA-0.0%3.1%
 3M1YR
Volatility19.9%24.2%
Downside Capture73.58-15.72
Upside Capture-11.64-7.45
Correlation (S&P 500)5.7%-4.2%
SIGI Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.690.58-0.16-0.23-0.050.31
Up Beta-0.130.700.670.550.500.58
Down Beta0.380.18-1.47-1.26-0.270.27
Up Capture35%15%-42%-5%-6%2%
Bmk +ve Days6162766132424
Stock +ve Days5162865131396
Down Capture182%139%37%-57%-33%40%
Bmk -ve Days16263760120328
Stock -ve Days17263661120354

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SIGI
SIGI9.8%24.2%0.32-
Sector ETF (XLF)5.6%14.7%0.1433.7%
Equity (SPY)15.8%12.7%0.86-5.8%
Gold (GLD)-1.4%29.4%-0.05-3.9%
Commodities (DBC)50.4%20.7%1.86-9.7%
Real Estate (VNQ)4.8%13.7%0.0932.9%
Bitcoin (BTCUSD)-25.9%43.6%-0.57-4.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SIGI
SIGI4.3%27.3%0.15-
Sector ETF (XLF)9.1%18.3%0.3643.8%
Equity (SPY)13.2%17.1%0.5926.5%
Gold (GLD)18.4%18.9%0.79-1.3%
Commodities (DBC)9.6%19.5%0.372.1%
Real Estate (VNQ)1.6%18.8%-0.0229.8%
Bitcoin (BTCUSD)8.8%51.8%0.356.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SIGI
SIGI10.3%28.9%0.39-
Sector ETF (XLF)13.0%22.1%0.5358.1%
Equity (SPY)15.2%17.9%0.7247.2%
Gold (GLD)12.3%16.4%0.61-0.7%
Commodities (DBC)8.1%18.1%0.3613.0%
Real Estate (VNQ)5.2%20.7%0.2148.2%
Bitcoin (BTCUSD)63.2%66.2%1.039.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity1.9 Mil
Short Interest: % Change Since 915202623.4%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest3.0 days
Basic Shares Quantity59.7 Mil
Short % of Basic Shares3.1%

Earnings Returns History

Updated 8/25/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/23/2026-1.5%-3.2%-6.0%
4/22/20268.7%9.1%17.4%
1/29/20260.0%7.0%1.4%
10/22/2025-5.7%-8.0%-4.7%
7/23/2025-17.0%-12.2%-13.2%
4/23/2025-1.8%-4.0%-4.4%
1/29/2025-12.6%-9.0%-8.1%
10/21/2024-3.8%-5.6%0.5%
...
SUMMARY STATS   
# Positive8912
# Negative161512
Median Positive2.1%3.3%4.7%
Median Negative-3.6%-4.0%-4.7%
Max Positive8.7%9.1%21.2%
Max Negative-18.2%-12.2%-13.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/23/2026-1.5%-3.2%-6.0%
4/22/20268.7%9.1%17.4%
1/29/20260.0%7.0%1.4%
10/22/2025-5.7%-8.0%-4.7%
7/23/2025-17.0%-12.2%-13.2%
4/23/2025-1.8%-4.0%-4.4%
1/29/2025-12.6%-9.0%-8.1%
10/21/2024-3.8%-5.6%0.5%
7/18/2024-18.2%-11.4%-11.0%
5/1/2024-6.4%-3.2%-4.2%
1/31/2024-7.7%-7.5%-0.5%
11/1/2023-1.1%-2.9%-4.6%
8/2/2023-2.4%-2.0%-4.7%
5/3/20232.7%2.0%-0.6%
2/2/20236.5%5.6%6.3%
11/2/2022-1.9%-3.9%0.1%
8/3/20220.0%4.5%5.7%
5/4/2022-6.4%-11.5%-8.0%
2/3/2022-3.5%-1.6%4.7%
10/27/2021-1.2%3.3%0.5%
7/28/20212.1%1.0%5.9%
4/28/20212.2%0.1%0.5%
1/28/2021-3.3%-4.0%4.8%
10/28/20202.0%2.1%21.2%
SUMMARY STATS   
# Positive8912
# Negative161512
Median Positive2.1%3.3%4.7%
Median Negative-3.6%-4.0%-4.7%
Max Positive8.7%9.1%21.2%
Max Negative-18.2%-12.2%-13.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202607/24/202610-Q
03/31/202604/24/202610-Q
12/31/202502/09/202610-K
09/30/202510/24/202510-Q
06/30/202507/25/202510-Q
03/31/202504/25/202510-Q
12/31/202402/10/202510-K
09/30/202410/25/202410-Q
06/30/202407/26/202410-Q
03/31/202405/02/202410-Q
12/31/202302/09/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/10/202310-K
09/30/202211/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202607/24/202610-Q
03/31/202604/24/202610-Q
12/31/202502/09/202610-K
09/30/202510/24/202510-Q
06/30/202507/25/202510-Q
03/31/202504/25/202510-Q
12/31/202402/10/202510-K
09/30/202410/25/202410-Q
06/30/202407/26/202410-Q
03/31/202405/02/202410-Q
12/31/202302/09/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/10/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q
12/31/202102/11/202210-K
09/30/202110/28/202110-Q
06/30/202107/29/202110-Q
03/31/202104/29/202110-Q
12/31/202002/12/202110-K
09/30/202010/29/202010-Q
06/30/202007/31/202010-Q
03/31/202005/06/202010-Q
12/31/201902/12/202010-K
09/30/201910/31/201910-Q

Recent Forward Guidance

Updated 10/8/2026

Latest: Q2 2026 Earnings Reported 7/23/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 GAAP Combined RatioReported0.970.970.98 0AffirmedGuidance: 0.97 for 2026
2026 Weighted average sharesReported 60.20 Mil -0.5% LoweredGuidance: 60.50 Mil for 2026
2026 After-tax net investment incomeReported 480.00 Mil 3.2% RaisedGuidance: 465.00 Mil for 2026
2026 Effective tax rateReported 21.5%  0AffirmedGuidance: 21.5% for 2026

null

Insider Activity

Updated 7/29/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lanza, Michael HEVP and General CounselDirectSell729202694.0417,1001,608,1561,557,798Form
2Harnett, Anthony DSVP, Chief Accounting OfficerDirectSell217202687.331,06492,9141,327,763Form
3Bacus, Lisa R DirectBuy203202684.8160050,886574,813Form
4Harnett, Anthony DSVP, Chief Accounting OfficerDirectSell203202685.3195581,4731,297,162Form
5Brennan, Patrick SeanEVP, Chief Financial OfficerDirectBuy1027202576.172,700205,6591,367,117Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lanza, Michael HEVP and General CounselDirectSell729202694.0417,1001,608,1561,557,798Form
2Harnett, Anthony DSVP, Chief Accounting OfficerDirectSell217202687.331,06492,9141,327,763Form
3Bacus, Lisa R DirectBuy203202684.8160050,886574,813Form
4Harnett, Anthony DSVP, Chief Accounting OfficerDirectSell203202685.3195581,4731,297,162Form
5Brennan, Patrick SeanEVP, Chief Financial OfficerDirectBuy1027202576.172,700205,6591,367,117Form
6Doherty, Robert Kelly DirectBuy801202577.001,500115,5002,087,482Form
7McCarthy, Thomas A TrustBuy729202577.422,500193,5501,451,315Form
8Marchioni, John JPresident and CEOTrustBuy728202577.893,200249,24810,887,075Form
9Eppers, JosephEVP, Chief Investment OfficerDirectBuy725202576.821,402107,702959,669Form
10Cavanaugh, Terrence W DirectBuy725202575.722,000151,4301,915,206Form
Core Cache Last Updated: 10/16/2026