Selective Insurance Group Inc

SIGI is in a Stage 3 distribution with an active support failure pattern confirming a shift into lower highs and lower lows. Price trades below the 9, 20, and 50 EMAs, which now act as resistance, and volume skew indicates committed selling. Both medium- and long-term biases are bearish, and there is no mean reversion support. Execution should occur on any relief rally into the short-term EMAs in line with the defensive Stable strategy.

• ↑Operating ROE 12% sustained for seven consecutive quarters.
• ↑GAAP combined ratio target 96.5–97.5% for 2026.
• ↓Q3 2025 combined ratio 98.6% highlights cost pressures.