---
title: "Selective Insurance Pref Share SIGIP 4.6 Perp 12/15/25 B | 8-K: FY2025 Q2 Revenue: USD 1.327 B"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/249829073.md"
datetime: "2025-07-23T20:27:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/249829073.md)
  - [en](https://longbridge.com/en/news/249829073.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/249829073.md)
generator: "portal-rs"
---

# Selective Insurance Pref Share SIGIP 4.6 Perp 12/15/25 B | 8-K: FY2025 Q2 Revenue: USD 1.327 B

Revenue: As of FY2025 Q2, the actual value is USD 1.327 B.

EPS: As of FY2025 Q2, the actual value is USD 1.36.

### Segment Revenue

-   **Net Premiums Written (NPW):** Increased by 5% to $1,288.6 million in Q2 2025 compared to $1,226.1 million in Q2 2024.
-   **Standard Commercial Lines:** Premiums grew 6% to $1,018.0 million in Q2 2025.
-   **Standard Personal Lines:** Premiums declined 5% to $110.5 million in Q2 2025.
-   **Excess and Surplus Lines:** Premiums increased 9% to $160.2 million in Q2 2025.
-   **Net Premiums Written:** $1,288.6 million for the quarter ended June 30, 2025, compared to $1,240.4 million for the quarter ended March 31, 2025.

### Operational Metrics

-   **Net Income:** $83.6 million in Q2 2025, compared to a loss of -$65.6 million in Q2 2024.
-   **Combined Ratio:** Improved to 100.2% in Q2 2025 from 116.1% in Q2 2024.
-   **Return on Common Equity (ROE):** 10.7% in Q2 2025.
-   **Net Income:** $85.9 million for the quarter ended June 30, 2025, compared to $109.9 million for the quarter ended March 31, 2025.
-   **Underwriting Income (Loss):** -$2.4 million for the quarter ended June 30, 2025, compared to $45.6 million for the quarter ended March 31, 2025.
-   **Loss and Loss Expense Ratio:** 69.3% for the quarter ended June 30, 2025, compared to 64.4% for the quarter ended March 31, 2025.
-   **Combined Ratio:** 100.2% for the quarter ended June 30, 2025, compared to 96.1% for the quarter ended March 31, 2025.
-   **Return on Equity (ROE):** 1H25 ROE was 12.5%, compared to 7.0% in 2024, with a 5-year average of 11.1% and a 10-year average of 11.3%.
-   **Combined Ratio:** 1H25 combined ratio was 98.2%, compared to 103.0% in 2024, with a 5-year average of 96.5% and a 10-year average of 95.0%.

### Cash Flow

-   **Net Investment Income (After-Tax):** Increased by 18% to $101 million in Q2 2025.
-   **Net Investment Income:** $128.0 million for the quarter ended June 30, 2025, compared to $120.7 million for the quarter ended March 31, 2025.
-   **Operating Cash Flow:** Generated $1.1 billion in 2024, up from $759 million in 2023. Year-to-date operating cash flow was $451 million, compared to $380 million in 1H24.

### Unique Metrics

-   **Book Value per Common Share:** Increased by 9% to $52.09 in Q2 2025.
-   **Adjusted Book Value per Common Share:** Increased by 10% to $54.48 in Q2 2025.
-   **Net Catastrophe Losses:** $79.9 million for the quarter ended June 30, 2025, compared to $43.4 million for the quarter ended March 31, 2025.
-   **Investment Income:** After-tax net investment income for 2025 is projected at $415 million.

### Outlook / Guidance

-   **GAAP Combined Ratio:** Expected to be 97% to 98% for the full year 2025, including net catastrophe losses of 6 points.
-   **After-Tax Net Investment Income:** Projected to be $415 million for 2025, up from prior guidance of $405 million.
-   **Effective Tax Rate:** Anticipated to be 21.5% for 2025.
-   The company anticipates challenging conditions in the economy, global capital markets, and commercial real estate, which could increase loss costs and negatively impact investment portfolios.
-   There is a potential impact from ongoing wars and conflicts on global economic, banking, commodity, and financial markets, which could exacerbate economic challenges, including inflation and supply chain disruption.
-   The company is focused on maintaining favorable financial ratings, which may include sustainability considerations from rating agencies.

### Related Stocks

- [SIGIP.US](https://longbridge.com/en/quote/SIGIP.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**