NASDAQ : SIGI
Selective Insurance Group, Inc. — Financial statements
Financials · Insurance - Property & Casualty · United States
Last price 98.83 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 5.83B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 4.83B | 4.77B | 4.38B | 3.83B | 3.37B | 3.02B |
| Total Interest & Dividend Income | 596.87M | 531.15M | 457.05M | 388.65M | 288.15M | 326.59M |
| Gain (Loss) on Sale of Investments | -19.90M | 8.33M | -2.95M | -3.55M | -114.81M | 17.60M |
| Other Revenue | 30.59M | 29.25M | 31.11M | 19.40M | 11.34M | 17.72M |
| Total Revenue | 5.44B | 5.34B | 4.86B | 4.23B | 3.56B | 3.38B |
| Policy Benefits | 3.16B | 3.16B | 3.13B | 2.48B | 2.11B | 1.81B |
| Policy Acquisition & Underwriting Costs | 997.27M | 1.00B | 922.43M | 796.18M | 705.82M | 626.47M |
| Selling, General & Administrative | 51.23M | 49.84M | 44.07M | 30.69M | 31.12M | 28.30M |
| Other Operating Expenses | 527.59M | 488.07M | 443.76M | 433.74M | 400.31M | 375.93M |
| Total Operating Expenses | 4.74B | 4.70B | 4.54B | 3.74B | 3.25B | 2.84B |
| Operating Income | 697.97M | 638.76M | 319.63M | 487.81M | 309.04M | 534.53M |
| Interest Expense | -52.89M | -49.32M | -28.88M | -28.80M | -28.85M | -29.16M |
| EBT Excluding Unusual Items | 645.08M | 589.44M | 290.75M | 459.01M | 280.19M | 505.36M |
| Legal Settlements | 155.00K | 155.00K | -32.72M | -603.00K | -8.00K | -51.00K |
| Pretax Income | 645.23M | 589.60M | 258.03M | 458.41M | 280.19M | 505.31M |
| Income Tax Expense | 134.28M | 123.19M | 51.02M | 93.17M | 55.30M | 101.47M |
| Net Income | 510.94M | 466.41M | 207.01M | 365.24M | 224.89M | 403.84M |
| Preferred Dividends & Other Adjustments | 9.20M | 9.20M | 9.20M | 9.20M | 9.20M | 9.35M |
| Net Income to Common | 501.75M | 457.21M | 197.81M | 356.04M | 215.69M | 394.48M |
| Shares Outstanding (Basic) | 59.77M | 60.62M | 60.87M | 60.63M | 60.41M | 60.18M |
| Shares Outstanding (Diluted) | 60.28M | 61.06M | 61.27M | 60.97M | 60.88M | 60.67M |
| EPS (Basic) | 8.39 | 7.54 | 3.25 | 5.87 | 3.57 | 6.55 |
| EPS (Diluted) | 8.33 | 7.49 | 3.23 | 5.84 | 3.54 | 6.50 |
| Free Cash Flow | 1.14B | 1.19B | 1.07B | 736.28M | 776.39M | 749.26M |
| Free Cash Flow Per Share | 18.89 | 19.56 | 17.45 | 12.08 | 12.75 | 12.35 |
| Dividend Per Share | 1.72 | 1.57 | 1.43 | 1.25 | 1.14 | 1.03 |
| Operating Margin | 12.84% | 11.97% | 6.58% | 11.53% | 8.69% | 15.82% |
| Profit Margin | 9.23% | 8.57% | 4.07% | 8.41% | 6.06% | 11.67% |
| Free Cash Flow Margin | 20.94% | 22.38% | 21.99% | 17.40% | 21.82% | 22.17% |
| EBITDA | 732.48M | 671.43M | 354.43M | 517.85M | 351.38M | 589.63M |
| EBITDA Margin | 13.47% | 12.58% | 7.29% | 12.24% | 9.88% | 17.45% |
| D&A For EBITDA | 34.51M | 32.67M | 34.80M | 30.04M | 42.34M | 55.11M |
| EBIT | 697.97M | 638.76M | 319.63M | 487.81M | 309.04M | 534.53M |
| EBIT Margin | 12.84% | 11.97% | 6.58% | 11.53% | 8.69% | 15.82% |
| Effective Tax Rate | 20.81% | 20.89% | 19.77% | 20.32% | 19.74% | 20.08% |
| Revenue as Reported | 5.44B | 5.34B | 4.86B | 4.23B | 3.56B | 3.38B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 9.72B | 9.36B | 8.15B | 7.52B | 6.64B | 6.74B |
| Investments in Equity & Preferred Securities | 864.37M | 802.94M | 654.50M | 582.93M | 533.32M | 695.27M |
| Other Investments | 502.78M | 740.70M | 610.38M | 400.48M | 511.70M | 497.16M |
| Total Investments | 11.38B | 11.19B | 9.65B | 8.69B | 7.84B | 8.03B |
| Cash & Equivalents | 928.00K | 346.00K | 91.00K | 180.00K | 26.00K | 455.00K |
| Reinsurance Recoverable | 1.13B | 915.50M | 1.06B | 656.83M | 782.81M | 600.07M |
| Other Receivables | 1.65B | 1.63B | 1.54B | 1.38B | 1.15B | 994.21M |
| Deferred Policy Acquisition Cost | 470.66M | 492.27M | 479.30M | 424.86M | 368.62M | 326.92M |
| Property, Plant & Equipment | 130.43M | 208.20M | 138.38M | 124.53M | 126.71M | 117.70M |
| Goodwill | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M |
| Restricted Cash | 14.44M | 17.61M | 62.93M | 13.09M | 25.18M | 44.61M |
| Other Current Assets | 289.53M | 266.33M | 235.38M | 203.32M | 172.37M | 183.01M |
| Long-Term Deferred Tax Assets | 214.49M | 110.91M | 146.79M | 140.24M | 172.73M | |
| Other Long-Term Assets | 427.16M | 324.86M | 186.33M | 158.50M | 160.09M | 159.60M |
| Total Assets | 15.71B | 15.16B | 13.51B | 11.80B | 10.80B | 10.46B |
| Accrued Expenses | 141.28M | 140.79M | 121.66M | 122.00M | 115.19M | 121.06M |
| Unpaid Claims | 8.01B | 7.23B | 6.59B | 5.34B | 5.14B | 4.58B |
| Unearned Premiums | 2.72B | 2.75B | 2.62B | 2.33B | 1.99B | 1.80B |
| Current Portion of Leases | 13.09M | |||||
| Current Income Taxes Payable | 4.21M | 16.94M | 19.71M | 6.25M | ||
| Long-Term Debt | 898.94M | 898.30M | 501.66M | 501.31M | 500.96M | 500.60M |
| Long-Term Leases | 2.58M | 95.82M | 54.01M | 46.31M | 48.22M | 42.75M |
| Long-Term Deferred Tax Liabilities | 13.41M | |||||
| Other Long-Term Liabilities | 486.98M | 410.88M | 491.01M | 504.72M | 472.73M | 416.58M |
| Total Liabilities | 12.27B | 11.55B | 10.39B | 8.85B | 8.27B | 7.48B |
| Preferred Stock, Redeemable | 200.00M | 200.00M | 200.00M | 200.00M | 200.00M | 200.00M |
| Common Stock | 212.57M | 212.01M | 211.22M | 210.45M | 209.69M | 208.90M |
| Additional Paid-In Capital | 619.12M | 591.27M | 557.04M | 522.75M | 493.49M | 464.35M |
| Retained Earnings | 3.77B | 3.50B | 3.14B | 3.03B | 2.75B | 2.60B |
| Treasury Stock | -866.43M | -743.42M | -650.83M | -635.21M | -627.28M | -608.93M |
| Comprehensive Income & Other | -491.79M | -151.66M | -336.85M | -373.00M | -498.04M | 115.10M |
| Total Common Equity | 3.25B | 3.41B | 2.92B | 2.75B | 2.33B | 2.78B |
| Shareholders' Equity | 3.45B | 3.61B | 3.12B | 2.95B | 2.53B | 2.98B |
| Total Liabilities & Equity | 15.71B | 15.16B | 13.51B | 11.80B | 10.80B | 10.46B |
| Filing Date Shares Outstanding | 59.00M | 60.08M | 60.81M | 60.64M | 60.34M | 60.19M |
| Total Common Shares Outstanding | 59.00M | 60.08M | 60.85M | 60.64M | 60.34M | 60.18M |
| Total Debt | 901.52M | 1.01B | 555.67M | 547.62M | 549.18M | 543.35M |
| Net Cash (Debt) | -900.59M | -1.01B | -555.58M | -547.44M | -549.15M | -542.89M |
| Net Cash Per Share | -14.94 | -16.49 | -9.07 | -8.98 | -9.02 | -8.95 |
| Book Value Per Share | 55.02 | 56.74 | 47.99 | 45.42 | 38.57 | 46.24 |
| Tangible Book Value | 3.24B | 3.40B | 2.91B | 2.75B | 2.32B | 2.78B |
| Tangible Book Value Per Share | 54.88 | 56.61 | 47.86 | 45.30 | 38.44 | 46.11 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 510.94M | 466.41M | 207.01M | 365.24M | 224.89M | 403.84M |
| Depreciation & Amortization | 34.51M | 32.67M | 34.80M | 30.04M | 42.34M | 55.11M |
| Gain (Loss) on Sale of Assets | 3.00K | -69.00K | 334.00K | -6.00K | 172.00K | 50.00K |
| Gain (Loss) on Sale of Investments | 19.90M | -8.33M | 2.95M | 3.55M | 114.81M | -17.60M |
| Stock-Based Compensation | 24.22M | 23.10M | 22.76M | 18.35M | 18.43M | 15.89M |
| Change in Accounts Receivable | 66.74M | -66.09M | -154.73M | -227.39M | -140.50M | -109.17M |
| Change in Unearned Revenue | -131.06M | 98.30M | 253.55M | 306.93M | 200.21M | 172.46M |
| Change in Income Taxes | -10.45M | -16.11M | -2.71M | 9.08M | -25.93M | -542.00K |
| Change in Insurance Reserves / Liabilities | 751.16M | 781.25M | 848.57M | 318.07M | 381.18M | 307.97M |
| Change in Other Net Operating Assets | -101.80M | -68.97M | -57.19M | -7.68M | -1.70M | 48.72M |
| Operating Cash Flow | 1.19B | 1.23B | 1.10B | 758.91M | 802.41M | 771.42M |
| Capital Expenditures | -55.29M | -38.74M | -30.81M | -22.63M | -26.02M | -22.16M |
| Investment in Securities | -906.64M | -1.44B | -898.24M | -635.35M | -673.58M | -564.62M |
| Other Investing Activities | 31.04M | 39.28M | 26.73M | 11.03M | 18.66M | 17.50M |
| Investing Cash Flow | -945.68M | -1.49B | -947.38M | -686.36M | -734.45M | -618.78M |
| Short-Term Debt Issued | 60.00M | |||||
| Long-Term Debt Issued | 395.96M | 20.00M | ||||
| Total Debt Issued | 395.96M | 20.00M | 60.00M | |||
| Total Debt Repaid | -2.62M | -2.81M | -2.63M | -22.67M | -62.44M | -51.77M |
| Net Debt Issued (Repaid) | -2.62M | 393.14M | -2.63M | -2.67M | -2.44M | -51.77M |
| Issuance of Common Stock | 8.21M | 9.02M | 9.63M | 9.13M | 9.09M | 7.98M |
| Repurchases of Common Stock | -153.50M | -92.59M | -15.62M | -7.93M | -18.34M | -9.05M |
| Common Dividends Paid | -99.92M | -92.88M | -84.94M | -73.83M | -66.92M | -60.14M |
| Preferred Dividends Paid | -9.20M | -9.20M | -9.20M | -9.20M | -9.20M | -9.35M |
| Total Dividends Paid | -109.12M | -102.08M | -94.14M | -83.03M | -76.12M | -69.49M |
| Other Financing Activities | -479.00K | |||||
| Financing Cash Flow | -257.04M | 207.48M | -102.75M | -84.49M | -87.82M | -122.81M |
| Net Cash Flow | -8.79M | -45.07M | 49.75M | -11.94M | -19.85M | 29.83M |
| Free Cash Flow | 1.14B | 1.19B | 1.07B | 736.28M | 776.39M | 749.26M |
| Free Cash Flow Margin | 20.94% | 22.38% | 21.99% | 17.40% | 21.82% | 22.17% |
| Free Cash Flow Per Share | 18.89 | 19.56 | 17.45 | 12.08 | 12.75 | 12.35 |
| Levered Free Cash Flow | 1.30B | 1.11B | 912.33M | 867.57M | 663.19M | 662.73M |
| Unlevered Free Cash Flow | 1.33B | 1.14B | 930.38M | 885.57M | 681.22M | 680.95M |
| Cash Interest Paid | 55.32M | 43.62M | 28.53M | 28.36M | 26.64M | 28.93M |
| Cash Income Tax Paid | 135.24M | 132.51M | 49.00M | 79.70M | 75.00M | 100.00M |
| Change in Working Capital | 614.18M | 715.40M | 833.06M | 342.77M | 371.54M | 381.10M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.98B | 5.05B | 5.69B | 6.03B | 5.34B | 4.93B |
| Enterprise Value | 6.88B | 6.16B | 6.39B | 6.73B | 6.05B | 5.63B |
| PE Ratio | 12.17 | 11.05 | 28.74 | 16.93 | 24.76 | 12.49 |
| PS Ratio | 1.08 | 0.95 | 1.17 | 1.42 | 1.50 | 1.46 |
| PB Ratio | 1.80 | 1.40 | 1.82 | 2.04 | 2.11 | 1.65 |
| P/FCF Ratio | 5.16 | 4.23 | 5.32 | 8.19 | 6.88 | 6.58 |
| P/OCF Ratio | 4.92 | 4.10 | 5.17 | 7.94 | 6.66 | 6.39 |
| EV/Sales Ratio | 1.25 | 1.15 | 1.31 | 1.59 | 1.70 | 1.67 |
| EV/EBITDA Ratio | 9.25 | 9.17 | 18.04 | 13.00 | 17.20 | 9.54 |
| EV/EBIT Ratio | 9.71 | 9.64 | 20.00 | 13.80 | 19.56 | 10.53 |
| EV/FCF Ratio | 5.95 | 5.16 | 5.98 | 9.14 | 7.79 | 7.51 |
| Debt / Equity Ratio | 0.26 | 0.28 | 0.18 | 0.18 | 0.22 | 0.18 |
| Debt / EBITDA Ratio | 1.21 | 1.47 | 1.53 | 1.04 | 1.52 | 0.91 |
| Debt / FCF Ratio | 0.79 | 0.84 | 0.52 | 0.74 | 0.71 | 0.72 |
| Net Debt / Equity Ratio | 0.26 | 0.28 | 0.18 | 0.18 | 0.22 | 0.18 |
| Net Debt / EBITDA Ratio | 1.23 | 1.50 | 1.57 | 1.06 | 1.56 | 0.92 |
| Net Debt / FCF Ratio | 0.79 | 0.84 | 0.52 | 0.74 | 0.71 | 0.72 |
| Quick Ratio | 0.18 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 |
| Current Ratio | 0.32 | 0.34 | 0.36 | 0.33 | 0.35 | 0.35 |
| Asset Turnover | 0.35 | 0.37 | 0.38 | 0.37 | 0.34 | 0.34 |
| Return on Equity (ROE) | 14.73% | 13.86% | 6.82% | 13.33% | 8.16% | 14.12% |
| Return on Assets (ROA) | 2.84% | 2.79% | 1.58% | 2.70% | 1.82% | 3.32% |
| Return on Invested Capital (ROIC) | 12.40% | 12.19% | 7.14% | 11.82% | 7.51% | 12.46% |
| Earnings Yield | 8.21% | 9.23% | 3.64% | 6.06% | 4.21% | 8.20% |
| FCF Yield | 19.37% | 23.63% | 18.80% | 12.22% | 14.54% | 15.21% |
| Dividend Yield | 1.91% | 1.87% | 1.53% | 1.26% | 1.29% | 1.26% |
| Payout Ratio | 23.05% | 21.89% | 45.47% | 22.73% | 33.85% | 17.21% |
| Buyback Yield / Dilution | 1.55% | 0.35% | -0.50% | -0.15% | -0.34% | -0.62% |
| Total Shareholder Return | 3.47% | 2.22% | 1.03% | 1.10% | 0.95% | 0.64% |