Selective Insurance Group, Inc. is a holding company for multiple property and casualty insurance companies operating primarily in the United States. Founded in 1926 and headquartered in Branchville, New Jersey, the company provides standard commercial, standard personal, and excess and surplus (E&S) lines of insurance. Selective is distinctive for its exclusive distribution model through independent agents and its participation in the National Flood Insurance Program's Write Your Own program.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Net Premiums Earned
4,768,196
4,376,447
3,827,606
3,373,380
Investment Income
531,150
457,051
388,650
288,155
Net Gains on Investments
8,330
(2,949)
(3,552)
(114,808)
Total Other Revenues
29,252
31,115
19,402
11,335
Total Revenues
5,336,928
4,861,664
4,232,106
3,558,062
Insurance Benefits & Claims
3,157,726
3,164,484
2,484,285
2,111,778
Policy Amortization Costs
1,002,376
922,431
796,182
705,822
Other Operating Expenses
537,907
487,837
464,428
431,429
Operating Profit
638,919
286,912
487,211
309,033
Interest Expense
(49,322)
(28,878)
(28,799)
(28,847)
Total Non-Operating Income
(49,322)
(28,878)
(28,799)
(28,847)
Income Before Provision for Income Taxes
589,597
258,034
458,412
280,186
Provision for Income Taxes
123,186
51,022
93,174
55,300
Consolidated Net Income
466,411
207,012
365,238
224,886
Net Income Attributable to Common Shareholders
457,211
197,812
356,038
215,686
Basic EPS
7.54
3.25
5.87
3.57
Diluted EPS
7.49
3.23
5.84
3.54
Basic Weighted Average Shares Outstanding
60,621
60,869
60,631
60,407
Diluted Weighted Average Shares Outstanding
61,058
61,274
60,969
60,875
Shares Outstanding
60,076
60,848
60,636
60,339
FY 2025
FY 2024
FY 2023
FY 2022
Debt Securities
10,060,637
8,620,191
7,921,431
6,972,799
Equity and Preferred Securities
384,416
213,601
187,155
162,000
Other Investments
1,159,224
1,051,279
796,260
883,016
Total Investments
11,302,440
9,651,297
8,693,729
7,837,469
Cash and Cash Equivalents
17,958
63,024
13,272
25,209
Reinsurance Contract Assets
2,099,322
2,339,268
1,516,970
1,737,991
Deferred Acquisition Costs
492,270
479,304
424,864
368,624
Other Receivables
3,159,805
3,030,904
2,692,497
2,230,541
Net Property, Plant & Equipment
106,390
93,303
83,272
84,306
Goodwill
7,849
7,849
7,849
7,849
Other Assets
419,072
378,191
339,997
378,769
Total Assets
15,155,710
13,514,189
11,802,546
10,802,261
Unearned Premiums
2,745,521
2,616,268
2,330,656
1,992,781
Claims Reserves
7,225,398
6,589,801
5,336,911
5,144,821
Accrued Expenses
140,786
121,662
122,003
115,185
Total Debt
901,873
507,938
503,946
504,676
Other Liabilities
533,157
558,444
554,649
517,234
Total Liabilities
11,546,735
10,394,113
8,848,165
8,274,697
Preferred Stock
200,000
200,000
200,000
200,000
Common Stock
212,013
211,219
210,447
209,694
Treasury Stock
(743,424)
(650,829)
(635,209)
(627,279)
Additional Paid-in Capital
591,272
557,042
522,748
493,488
Accumulated Other Comprehensive Income
(151,660)
(336,845)
(373,001)
(498,042)
Retained Earnings
3,500,774
3,139,489
3,029,396
2,749,703
Total Common Shareholders' Equity
3,608,975
3,120,076
2,954,381
2,527,564
Total Shareholders' Equity
3,608,975
3,120,076
2,954,381
2,527,564
Total Liabilities and Shareholders' Equity
15,155,710
13,514,189
11,802,546
10,802,261
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
466,411
207,012
365,238
224,886
Depreciation & Amortization
32,669
34,800
30,040
42,336
Share-Based Compensation Expense
23,104
22,763
18,346
18,428
Other Adjustments
(4,564)
2,255
2,515
145,218
Changes in Receivables
(66,095)
(154,727)
(227,392)
(140,500)
Changes in Deferred Acquisition Costs
(12,966)
(54,440)
(56,240)
(41,709)
Changes in Accrued Expenses
18,830
588
6,430
(3,092)
Changes in Unearned Premiums
98,299
253,554
306,926
200,210
Changes in Claims Reserves
781,247
848,570
318,075
381,176
Changes in Income Taxes Payable
(16,110)
(2,707)
9,082
(25,932)
Changes in Other Operating Activities
(87,804)
(57,780)
(14,112)
1,388
Cash from Operating Activities
1,233,021
1,099,888
758,908
802,409
Capital Expenditure
(38,742)
(30,810)
(22,631)
(26,019)
Purchases of Investments
(16,979,039)
(12,496,533)
(7,082,646)
(7,326,256)
Proceeds from Sale of Investments
15,532,216
11,579,962
6,418,922
6,617,828
Cash from Investing Activities
(1,485,565)
(947,381)
(686,355)
(734,447)
Issuance of Long-Term Debt
395,957
—
20,000
60,000
Repayments of Long-Term Debt
(100)
—
(20,000)
(60,000)
Net Issuance / (Repayments) of Long-Term Debt
395,857
—
0
0
Issuance of Common Shares
9,015
9,630
9,133
9,086
Repurchases of Common Shares
(92,595)
(15,620)
(7,930)
(18,344)
Net Issuance / (Repurchases) of Common Shares
(83,580)
(5,990)
1,203
(9,258)
Common Share Dividends Paid
(92,884)
(84,936)
(73,827)
(66,920)
Preferred Share Dividends Paid
(9,200)
(9,200)
(9,200)
(9,200)
Other Financing Activities
(2,715)
(2,629)
(2,666)
(2,438)
Cash from Financing Activities
207,478
(102,755)
(84,490)
(87,816)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash