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Side-by-side financial comparison of SELECTIVE INSURANCE GROUP INC (SIGI) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
SELECTIVE INSURANCE GROUP INC is the larger business by last-quarter revenue ($1.4B vs $385.6M, roughly 3.5× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 7.2%, a 4.0% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 5.7%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 6.6%).
Selective Insurance Group Inc. is a U.S.-based insurance holding company that provides a comprehensive portfolio of property and casualty insurance products, including personal auto, home insurance, commercial property, liability, and workers' compensation coverage. It primarily serves small and medium-sized businesses, individual consumers, and nonprofits across the U.S., distributing offerings via a network of independent insurance agents.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
SIGI vs SKWD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $385.6M |
| Net Profit | $97.7M | $43.2M |
| Gross Margin | — | — |
| Operating Margin | — | 14.2% |
| Net Margin | 7.2% | 11.2% |
| Revenue YoY | 5.7% | 26.7% |
| Net Profit YoY | -37.0% | 200.1% |
| EPS (diluted) | $1.58 | $1.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $385.6M | ||
| Q3 25 | $1.4B | $382.5M | ||
| Q2 25 | $1.3B | $319.9M | ||
| Q1 25 | $1.3B | $328.5M | ||
| Q4 24 | $1.3B | $304.4M | ||
| Q3 24 | $1.2B | $300.9M | ||
| Q2 24 | $1.2B | $279.9M |
| Q1 26 | $97.7M | — | ||
| Q4 25 | $155.2M | $43.2M | ||
| Q3 25 | $115.3M | $45.9M | ||
| Q2 25 | $85.9M | $38.8M | ||
| Q1 25 | $109.9M | $42.1M | ||
| Q4 24 | $95.5M | $14.4M | ||
| Q3 24 | $92.3M | $36.7M | ||
| Q2 24 | $-63.3M | $31.0M |
| Q1 26 | — | — | ||
| Q4 25 | 14.4% | 14.2% | ||
| Q3 25 | 10.7% | 15.8% | ||
| Q2 25 | 8.2% | 15.6% | ||
| Q1 25 | 10.8% | 15.7% | ||
| Q4 24 | 9.5% | 6.1% | ||
| Q3 24 | 9.4% | 15.6% | ||
| Q2 24 | -6.7% | 14.4% |
| Q1 26 | 7.2% | — | ||
| Q4 25 | 11.4% | 11.2% | ||
| Q3 25 | 8.5% | 12.0% | ||
| Q2 25 | 6.5% | 12.1% | ||
| Q1 25 | 8.6% | 12.8% | ||
| Q4 24 | 7.6% | 4.7% | ||
| Q3 24 | 7.4% | 12.2% | ||
| Q2 24 | -5.3% | 11.1% |
| Q1 26 | $1.58 | — | ||
| Q4 25 | $2.52 | $1.03 | ||
| Q3 25 | $1.85 | $1.10 | ||
| Q2 25 | $1.36 | $0.93 | ||
| Q1 25 | $1.76 | $1.01 | ||
| Q4 24 | $1.53 | $0.33 | ||
| Q3 24 | $1.47 | $0.89 | ||
| Q2 24 | $-1.08 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $451.8M | $168.5M |
| Total DebtLower is stronger | $901.4M | — |
| Stockholders' EquityBook value | $3.6B | $1.0B |
| Total Assets | $15.3B | $4.8B |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.8M | — | ||
| Q4 25 | — | $168.5M | ||
| Q3 25 | — | $160.1M | ||
| Q2 25 | — | $136.6M | ||
| Q1 25 | — | $112.9M | ||
| Q4 24 | — | $121.6M | ||
| Q3 24 | — | $105.6M | ||
| Q2 24 | — | $73.0M |
| Q1 26 | $901.4M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $507.9M | — | ||
| Q3 24 | $508.2M | — | ||
| Q2 24 | $508.8M | — |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $1.0B | ||
| Q3 25 | $3.5B | $961.4M | ||
| Q2 25 | $3.4B | $899.9M | ||
| Q1 25 | $3.3B | $850.7M | ||
| Q4 24 | $3.1B | $794.0M | ||
| Q3 24 | $3.2B | $797.5M | ||
| Q2 24 | $2.9B | $723.6M |
| Q1 26 | $15.3B | — | ||
| Q4 25 | $15.2B | $4.8B | ||
| Q3 25 | $15.0B | $4.6B | ||
| Q2 25 | $14.5B | $4.3B | ||
| Q1 25 | $14.2B | $4.0B | ||
| Q4 24 | $13.5B | $3.7B | ||
| Q3 24 | $13.5B | $3.6B | ||
| Q2 24 | $12.6B | $3.4B |
| Q1 26 | 0.25× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.16× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.17× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $408.1M |
| Free Cash FlowOCF − Capex | — | $402.6M |
| FCF MarginFCF / Revenue | — | 104.4% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.3M | $408.1M | ||
| Q3 25 | $405.8M | $171.4M | ||
| Q2 25 | $166.9M | $88.2M | ||
| Q1 25 | $284.0M | $96.8M | ||
| Q4 24 | $332.2M | $305.1M | ||
| Q3 24 | $387.4M | $168.0M | ||
| Q2 24 | $266.1M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | $366.3M | $402.6M | ||
| Q3 25 | $397.3M | $168.9M | ||
| Q2 25 | $159.7M | $87.1M | ||
| Q1 25 | $271.0M | $96.6M | ||
| Q4 24 | $324.7M | $300.9M | ||
| Q3 24 | $378.0M | $167.6M | ||
| Q2 24 | $258.4M | $18.4M |
| Q1 26 | — | — | ||
| Q4 25 | 26.8% | 104.4% | ||
| Q3 25 | 29.2% | 44.2% | ||
| Q2 25 | 12.0% | 27.2% | ||
| Q1 25 | 21.1% | 29.4% | ||
| Q4 24 | 25.8% | 98.8% | ||
| Q3 24 | 30.4% | 55.7% | ||
| Q2 24 | 21.6% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 1.4% | ||
| Q3 25 | 0.6% | 0.6% | ||
| Q2 25 | 0.5% | 0.3% | ||
| Q1 25 | 1.0% | 0.1% | ||
| Q4 24 | 0.6% | 1.4% | ||
| Q3 24 | 0.8% | 0.1% | ||
| Q2 24 | 0.6% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.42× | 9.44× | ||
| Q3 25 | 3.52× | 3.73× | ||
| Q2 25 | 1.94× | 2.27× | ||
| Q1 25 | 2.58× | 2.30× | ||
| Q4 24 | 3.48× | 21.18× | ||
| Q3 24 | 4.20× | 4.58× | ||
| Q2 24 | — | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
