Selective posts 12% operating ROE despite Q1 earnings shortfall


For full-year 2026, Selective is guiding to a GAAP combined ratio of 96.5% to 97.5%, inclusive of 6 points of net catastrophe losses, and after-tax net investment income of $465 million. The outlook assumes an effective tax rate of 21.5% and weighted average diluted shares of 60.5 million, down from the 61 million projected in initial guidance to reflect first-quarter buybacks.



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