Selective Insurance Group, Inc. (SIGI) 10-Year Financial Performance & Capital Metrics

SIGI • • Insurance & Managed Care

Financial ServicesProperty & Casualty InsuranceCommercial Lines InsuranceDiversified Commercial Lines

AboutSelective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. The company offers property insurance products, which covers the financial consequences of accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and casualty insurance products that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party, as well as flood insurance products. It also invests in fixed income investments and commercial mortgage loans, as well as equity securities and alternative investment portfolio. The company offers its insurance products and services to businesses, non-profit organizations, local government agencies, and individuals through independent retail agents and wholesale general agents. Selective Insurance Group, Inc. was founded in 1926 and is headquartered in Branchville, New Jersey.Show more

Revenue $4.86B +14.9%
Combined Ratio 94.69% +6.2%
Net Income $207M -43.3%
Return on Equity 6.82% -48.8%
Medical Cost Ratio 93.39% +6.4%
Operating Margin 5.31% -51.0%
Net Margin 4.26% -50.7%
ROA 1.64% -49.4%
Equity / Assets 23.09% -7.8%
Book Value per Share 50.90 +5.0%
Tangible BV/Share 50.77 +5.1%
Debt/Equity 0.16 -5.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Profitable underwriting: 94.7% combined ratio
✓14 consecutive years of dividend growth

✗Weaknesses

✗High loss ratio of 93.4%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.1%

5Y11.3%

3Y12.89%

TTM10.86%

Profit (Net Income) CAGR

10Y3.85%

5Y-5.29%

3Y-19.97%

TTM72.1%

EPS CAGR

10Y2.72%

5Y-6.54%

3Y-20.79%

TTM74.93%

ROCE

10Y Avg3.4%

5Y Avg3.4%

3Y Avg2.91%

Latest2.04%

Peer Comparison

Diversified Commercial Lines

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SIGISelective Insurance Group, Inc.	5.01B	82.97	25.69	14.87%	7.78%	11.65%	21.33%	0.16
LLoews Corporation	21.32B	103.16	16.09	9.96%	8.07%	7.55%	11.22%	0.50
WRBW. R. Berkley Corporation	26.11B	68.71	15.76	12.32%	13.01%	19.44%	13.68%	0.34
THGThe Hanover Insurance Group, Inc.	6.05B	170.15	14.54	4.25%	9.75%	18.44%	13.15%	0.28
CBChubb Limited	118.5B	301.11	13.26	12%	16.48%	12.43%	13.66%	0.22
CNACNA Financial Corporation	12.56B	46.42	13.19	6.66%	6.84%	8.81%	19.71%	0.28
TRVThe Travelers Companies, Inc.	60.53B	271.34	12.64	12.22%	12.13%	18.58%	14.99%	0.29
AFGAmerican Financial Group, Inc.	11B	131.90	12.48	7.12%	9.7%	16.87%	10.47%	0.33

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	2.13B	2.28B	2.47B	2.59B	2.85B	2.92B	3.38B	3.56B	4.23B	4.86B
Revenue Growth %	0.05%	0.07%	0.08%	0.05%	0.1%	0.03%	0.16%	0.05%	0.19%	0.15%
Medical Costs & Claims+	1.85B	2.01B	2.15B	2.32B	2.45B	2.56B	2.82B	3.22B	3.71B	4.54B
Medical Cost Ratio %	-	-	-	-	-	-	-	-	-	-
Gross Profit+	283.52M	277.75M	322.58M	261.59M	400.96M	359.24M	562.78M	340.26M	518.07M	321.3M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.12%	-0.02%	0.16%	-0.19%	0.53%	-0.1%	0.57%	-0.4%	0.52%	-0.38%
Operating Expenses+	50.82M	57.8M	60.61M	49.87M	64.57M	56.25M	57.47M	60.08M	59.66M	63.26M
OpEx / Revenue %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	59.69M	61.67M	52.1M	44.87M	55.2M	59.35M	55.11M	42.34M	30.04M	34.8M
Combined Ratio %	-	-	-	-	-	-	-	-	-	-
Operating Income+	232.69M	219.96M	261.97M	211.72M	336.39M	302.99M	505.31M	280.19M	458.41M	258.03M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.18%	-0.05%	0.19%	-0.19%	0.59%	-0.1%	0.67%	-0.45%	0.64%	-0.44%
EBITDA+	292.38M	281.63M	314.07M	256.6M	391.6M	362.34M	560.42M	322.52M	488.45M	292.83M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense	22.43M	22.77M	24.35M	24.42M	33.67M	30.84M	29.16M	28.85M	28.8M	28.88M
Non-Operating Income	-22.43M	-22.77M	-24.35M	-24.42M	-33.67M	-30.84M	-29.16M	-28.85M	-28.8M	-28.88M
Pretax Income+	232.69M	219.96M	261.97M	211.72M	336.39M	302.99M	505.31M	280.19M	458.41M	258.03M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	66.83M	61.46M	93.14M	32.78M	64.77M	56.63M	101.47M	55.3M	93.17M	51.02M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	165.86M	158.5M	168.83M	178.94M	271.62M	246.35M	403.84M	224.89M	365.24M	207.01M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.17%	-0.04%	0.07%	0.06%	0.52%	-0.09%	0.64%	-0.44%	0.62%	-0.43%
EPS (Diluted)+	2.85	2.70	2.84	3.00	4.53	4.09	6.50	3.54	5.84	3.23
EPS Growth %	0.15%	-0.05%	0.05%	0.06%	0.51%	-0.1%	0.59%	-0.46%	0.65%	-0.45%
EPS (Basic)	2.90	2.74	2.89	3.00	4.57	4.11	6.55	3.57	5.87	3.25
Diluted Shares Outstanding	58.16M	58.75M	59.36M	59.71M	60M	60.29M	60.67M	60.88M	60.97M	61.3M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	6.9B	7.36B	7.69B	7.95B	8.8B	9.69B	10.46B	10.8B	11.8B	13.51B
Asset Growth %	0.05%	0.07%	0.04%	0.03%	0.11%	0.1%	0.08%	0.03%	0.09%	0.15%
Total Investment Assets+	5.09B	102.4M	132.27M	178.94M	6.69B	7.51B	8.03B	7.84B	8.69B	9.65B
Long-Term Investments	5.01B	102.4M	132.27M	178.94M	6.47B	7.19B	7.52B	7.25B	8.02B	8.88B
Short-Term Investments	61.57M	0	0	0	6.38B	6.87B	7.16B	7.05B	7.81B	1.1B
Total Current Assets+	898K	458K	534K	505K	0	0	0	0	0	0
Cash & Equivalents	898K	458K	534K	505K	300K	394K	455K	26K	180K	91K
Receivables	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	-7.99B	-8.51B	-8.94B	-9.1B	-9.98B	-3.87B
Goodwill & Intangibles+	221.01M	230.41M	242.9M	260.46M	7.85M	7.85M	7.85M	7.85M	7.85M	7.85M
Goodwill	7.85M	7.85M	7.85M	7.85M	7.85M	7.85M	7.85M	7.85M	7.85M	7.85M
Intangible Assets	213.16M	222.56M	235.06M	252.61M	0	0	0	0	0	0
PP&E (Net)	65.7M	69.58M	63.96M	65.25M	77.41M	77.7M	82.05M	84.31M	83.27M	93.3M
Other Assets	1.59B	6.76B	7.13B	7.33B	-6.56B	-7.28B	-7.61B	-7.34B	-8.11B	-8.98B
Total Liabilities	5.51B	5.82B	5.97B	6.16B	6.6B	6.95B	7.48B	8.27B	8.85B	10.39B
Total Debt+	328.19M	438.67M	439.12M	439.54M	550.6M	550.74M	506.05M	504.68M	506.58M	507.94M
Net Debt	327.29M	438.21M	438.58M	439.04M	550.3M	550.35M	505.6M	504.65M	506.4M	507.85M
Long-Term Debt	328.19M	438.67M	439.12M	439.54M	549.86M	550.24M	500.6M	500.96M	503.95M	501.66M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities+	167.34M	132.88M	131.85M	124.47M	0	0	0	0	0	0
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	-7.44M	0	0	6.46M	-129.74M	-128.89M	-121.06M	-115.19M	-128.25M	-141.37M
Deferred Taxes	0	0	0	0	0	1000K	1000K	0	0	0
Other Liabilities	5.18B	5.39B	5.53B	5.72B	-550.6M	-577.84M	-519.46M	-504.68M	-506.58M	-507.94M
Total Equity+	1.4B	1.53B	1.71B	1.79B	2.19B	2.74B	2.98B	2.53B	2.95B	3.12B
Equity Growth %	0.1%	0.1%	0.12%	0.05%	0.22%	0.25%	0.09%	-0.15%	0.17%	0.06%
Shareholders Equity	1.4B	1.53B	1.71B	1.79B	2.19B	2.74B	2.98B	2.53B	2.95B	3.12B
Minority Interest	0	0	0	0	0	0	0	0	0	0
Retained Earnings	1.45B	1.57B	1.7B	1.86B	2.08B	2.27B	2.6B	2.75B	3.03B	3.14B
Common Stock	201.72M	203.24M	204.57M	205.7M	206.97M	208.07M	208.9M	209.69M	210.45M	211.22M
Accumulated OCI	-9.43M	-15.95M	20.17M	-77.96M	81.75M	220.19M	115.1M	-498.04M	-373M	-336.85M
Return on Equity (ROE)	0.12%	0.11%	0.1%	0.1%	0.14%	0.1%	0.14%	0.08%	0.13%	0.07%
Return on Assets (ROA)	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.04%	0.02%	0.03%	0.02%
Equity / Assets	-	-	-	-	-	-	-	-	-	-
Debt / Equity	0.23x	0.29x	0.26x	0.25x	0.25x	0.20x	0.17x	0.20x	0.17x	0.16x
Book Value per Share	24.04	26.07	28.86	30.01	36.58	45.43	49.17	41.52	48.46	50.90
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	381.58M	329.51M	379.55M	454.94M	477.5M	554.04M	771.42M	802.41M	758.91M	1.1B
Operating CF Growth %	0.64%	-0.14%	0.15%	0.2%	0.05%	0.16%	0.39%	0.04%	-0.05%	0.45%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	165.86M	158.5M	168.83M	178.94M	271.62M	246.35M	403.84M	224.89M	365.24M	207.01M
Depreciation & Amortization	59.69M	61.67M	52.1M	44.87M	55.2M	59.35M	55.11M	42.34M	30.04M	34.8M
Stock-Based Compensation	23.8M	30.3M	31.2M	19.3M	19.08M	16.23M	15.89M	18.43M	18.35M	22.76M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	78.89M	84.27M	81.25M	125.26M	-24.35M	-4.7M	87.41M	145.22M	2.52M	2.25M
Working Capital Changes	53.34M	-5.23M	46.17M	86.57M	155.94M	236.81M	209.18M	371.54M	342.77M	833.06M
Cash from Investing+	-391.54M	-320.74M	-332.66M	-435.69M	-543.62M	-688.17M	-618.78M	-734.45M	-686.36M	-947.38M
Capital Expenditures	-16.23M	-18.15M	-14.07M	-16.11M	-30.99M	-22.06M	-22.16M	-26.02M	-22.63M	-30.81M
Acquisitions	0	0	0	0	0	0	0	0	0	0
Purchase of Investments	-2.86B	-5.59B	-6.53B	-7.35B	-8.06B	-7.8B	-6.7B	-7.26B	-7.04B	-12.44B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	32.46M	24.2M	21.84M	28.38M	19.98M	-21.42M	-31.99M	-34.85M	-28.37M	-18.33M
Cash from Financing+	-13.1M	15.88M	-39.58M	-47.05M	57.18M	141.38M	-122.81M	-87.82M	-84.49M	-102.75M
Dividends Paid	-31.05M	-33.76M	-37.05M	-42.1M	-47.67M	-54.49M	-69.49M	-76.12M	-83.03M	-94.14M
Share Repurchases	-4.18M	-4.99M	-6.01M	-6.56M	-8.16M	-7.05M	-9.05M	-18.34M	-7.93M	-15.62M
Stock Issued	10.09M	7.81M	7.6M	7.25M	8.24M	8.41M	7.98M	9.09M	9.13M	9.63M
Debt Issuance (Net)	1000K	1000K	-1000K	-1000K	1000K	-550K	-1000K	-1000K	-1000K	-1000K
Other Financing	1.74M	1.82M	0	0	0	0	0	0	0	0
Net Change in Cash+	-23.06M	36.51M	7.3M	-27.79M	-8.94M	7.26M	29.83M	-19.85M	-11.94M	49.75M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	23.96M	898K	37.41M	44.71M	16.92M	7.97M	15.23M	45.06M	25.21M	13.27M
Cash at End	898K	37.41M	44.71M	16.92M	7.97M	15.23M	45.06M	25.21M	13.27M	63.02M
Free Cash Flow+	365.35M	311.36M	365.47M	438.83M	446.51M	531.98M	749.26M	776.39M	736.28M	1.07B
FCF Growth %	0.68%	-0.15%	0.17%	0.2%	0.02%	0.19%	0.41%	0.04%	-0.05%	0.45%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF per Share	6.28	5.3	6.16	7.35	7.44	8.82	12.35	12.75	12.08	17.44

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Combined Ratio	89.08%	90.37%	89.39%	91.81%	88.18%	89.63%	85.05%	92.13%	89.17%	94.69%
Medical Cost Ratio	86.7%	87.84%	86.94%	89.88%	85.91%	87.71%	83.35%	90.44%	87.76%	93.39%
Return on Equity (ROE)	12.41%	10.82%	10.41%	10.21%	13.63%	9.99%	14.12%	8.16%	13.33%	6.82%
Return on Assets (ROA)	2.46%	2.22%	2.24%	2.29%	3.24%	2.67%	4.01%	2.12%	3.23%	1.64%
Equity / Assets	20.25%	20.82%	22.29%	22.53%	24.95%	28.27%	28.51%	23.4%	25.03%	23.09%
Book Value / Share	24.04	26.07	28.86	30.01	36.58	45.43	49.17	41.52	48.46	50.9
Debt / Equity	0.23x	0.29x	0.26x	0.25x	0.25x	0.20x	0.17x	0.20x	0.17x	0.16x
Revenue Growth	4.77%	7.15%	8.13%	4.7%	10.07%	2.66%	15.63%	5.3%	18.95%	14.87%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Insurance Operations	-	-	-	-	-	-	-	-	-	4.41B
Total Insurance Operations Growth	-	-	-	-	-	-	-	-	-	-
Standard Commercial Lines	1.53B	1.67B	1.79B	1.91B	2.05B	2.14B	2.44B	2.74B	3.09B	3.48B
Standard Commercial Lines Growth	-	8.89%	7.39%	6.92%	7.18%	4.57%	14.03%	12.11%	12.74%	12.53%
E&S Lines	-	-	-	-	239.82M	239.49M	279.81M	334.16M	390.64M	504.13M
E&S Lines Growth	-	-	-	-	-	-0.14%	16.84%	19.42%	16.90%	29.05%
Investment	-	-	-	-	-	-	-	-	-	454.1M
Investment Growth	-	-	-	-	-	-	-	-	-	-
Standard Personal Lines	-	-	-	-	-	299.14M	293.56M	299.4M	367.41M	427.48M
Standard Personal Lines Growth	-	-	-	-	-	-	-1.87%	1.99%	22.71%	16.35%
Investments SIGI	-	-	-	-	-	-	-	-	-	-
Investments SIGI Growth	-	-	-	-	-	-	-	-	-	-
Property and Casualty, Personal Insurance	-	-	-	-	307.74M	-	-	-	-	-
Property and Casualty, Personal Insurance Growth	-	-	-	-	-	-	-	-	-	-
Investment Product	-	-	-	-	-	-	-	-	-	-
Investment Product Growth	-	-	-	-	-	-	-	-	-	-
Property and Casualty, Personal Insurance Product Line	288.13M	280.61M	289.7M	304.44M	-	-	-	-	-	-
Property and Casualty, Personal Insurance Product Line Growth	-	-2.61%	3.24%	5.09%	-	-	-	-	-	-
Excess And Surplus Operations	172.33M	203.48M	212.83M	219.57M	-	-	-	-	-	-
Excess And Surplus Operations Growth	-	18.07%	4.59%	3.17%	-	-	-	-	-	-
Investments Product Line	-	-	-	-	-	-	-	-	-	-
Investments Product Line Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Selective Insurance Group, Inc. (SIGI) has a price-to-earnings (P/E) ratio of 25.7x. This suggests investors expect higher future growth.

Growth & Financials

Selective Insurance Group, Inc. (SIGI) grew revenue by 14.9% over the past year. This is steady growth.

Yes, Selective Insurance Group, Inc. (SIGI) is profitable, generating $406.7M in net income for fiscal year 2024 (4.3% net margin).

Dividend & Returns

Yes, Selective Insurance Group, Inc. (SIGI) pays a dividend with a yield of 1.67%. This makes it attractive for income-focused investors.

Selective Insurance Group, Inc. (SIGI) has a return on equity (ROE) of 6.8%. This is below average, suggesting room for improvement.

Industry Metrics

Selective Insurance Group, Inc. (SIGI) has a combined ratio of 94.7%. A ratio below 100% indicates underwriting profitability.

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