Selective Insurance Group (SIGI) reported a combined ratio of 100.2% for the second quarter, weighed down by prior-year reserve development. The insurer continues to pursue disciplined pricing and renewal rate increases, but retention has slipped amid competitive pressures.
To address industry-wide social inflation, SIGI is refining its underwriting approach and enhancing claims management strategies. Despite the headwinds, the company remains optimistic about its full-year outlook and expects strong investment income to support earnings.