Total assets have expanded to $15.3 billion as of 2026Q1, yet the reported debt-to-equity ratio of 0.25% and nominal cash position of $1,000.0K warrant further investigation into the firm's true capital structure.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Assets | 15.32B | 15.16B | 13.51B | 11.8B | 10.8B | 10.46B | 9.69B | 8.8B | 7.95B | 7.69B | 7.36B | 6.9B | 6.57B | 6.27B | 6.79B | 5.69B | 4.91B | 5.21B | 5.03B | 5.16B | 4.77B | 4.55B | 3.93B | 3.42B | 3.02B | 2.68B | 2.59B | 2.51B | 2.43B | 2.31B | 2.19B |
| Asset Growth % | 46.4% | 12.15% | 14.5% | 9.26% | 3.26% | 7.98% | 10.13% | 10.62% | 3.46% | 4.49% | 6.54% | 5.01% | 4.86% | -7.71% | 19.5% | 15.69% | -5.74% | 3.58% | -2.39% | 8.16% | 4.73% | 15.85% | 14.76% | 13.51% | 12.37% | 3.61% | 3.32% | 3.1% | 5.46% | 5.32% | 3.62% |
| Total Investment Assets | 4M | 11.3B | 9.65B | 8.69B | 7.84B | 8.03B | 7.51B | 6.69B | 178.94M | 132.27M | 102.4M | 5.09B | 4.71B | 4.48B | 4.33B | 4.11B | 3.95B | 3.78B | 3.54B | 3.73B | 3.6B | 3.17B | 2.98B | 2.4B | 2.1B | 1.82B | 1.76B | 1.74B | 1.81B | 1.73B | 1.65B |
| Long-Term Investments | 41.47B | 10.06B | 8.88B | 8.02B | 7.25B | 7.52B | 7.19B | 6.47B | 178.94M | 132.27M | 102.4M | 5.01B | 4.71B | 4.48B | 4.22B | 3.98B | 3.79B | 3.57B | 3.34B | 3.54B | 3.4B | 3.09B | 2.84B | 2.4B | 2.1B | 1.8B | 1.76B | 1.69B | 1.75B | 1.71B | 1.61B |
| Short-Term Investments | 9.73B | 1.24B | 1.1B | 7.81B | 7.05B | 7.16B | 6.87B | 6.38B | 0 | 0 | 0 | 61.57M | 0 | 0 | 3.66B | 19.77M | 161.16M | 213.85M | 198.11M | 190.17M | 197.02M | 185.11M | 142.74M | 23.04M | 24.7M | 19.16M | 95.91M | 48.81M | 50.91M | 28.78M | 33.92M |
| Total Current Assets | 11.31B | 10.99B | 0 | 0 | 0 | 0 | 0 | 0 | 505K | 534K | 458K | 898K | 23.96M | 193K | 210K | 20.49M | 272.13M | 320.18M | 820.86M | 803.21M | 47.54M | 85.09M | 901.47M | 313.78M | 637.11M | 2.6B | 2.52B | 2.41B | 2.36B | 2.24B | 2.12B |
| Cash & Equivalents | 200K | 346K | 91K | 180K | 26K | 455K | 394K | 300K | 505K | 534K | 458K | 898K | 23.96M | 193K | 210K | 762K | 645K | 811K | 3.61M | 8.38M | 6.44M | 2.98M | 0 | 12K | 2.23M | 7.29M | 8.76M | 8.59M | 7.93M | 5.02M | 0 |
| Receivables | 8.24B | 1.53B | 2.53B | 1.97B | 1.87B | 1.59B | 1.47B | 1.44B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 507.49M | 522.47M | 479.84M | 719.15M | 700.46M | 237.91M | 564.04M | 572.2M | 509.86M | 489.78M | 414.61M | 158.76M | 152M |
| Other Current Assets | 0 | 8.21B | -3.87B | -9.98B | -9.1B | -8.94B | -8.51B | -7.99B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2B | 1.87B | 1.85B | 2.13B | 2.05B | 1.9B |
| Goodwill & Intangibles | 523.57M | 500.1M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 260.46M | 242.9M | 230.41M | 221.01M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 29.64M | 33.64M | 33.64M | 33.64M | 43.23M | 43.61M | 42.81M | 46.49M | 49.34M | 52M | 20.39M | 17.34M | 9.9M |
| Goodwill | 7.8M | 7.8M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 7.85M | 0 | 33.64M | 33.64M | 43.23M | 43.61M | 42.81M | 46.49M | 49.34M | 52M | 20.39M | 17.34M | 9.89M |
| Intangible Assets | 0 | 492.3M | 0 | 0 | 0 | 0 | 0 | 0 | 252.61M | 235.06M | 222.56M | 213.16M | 0 | 0 | 0 | 0 | 0 | 0 | 21.79M | 33.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6K |
| PP&E (Net) | 109.9M | 106.4M | 93.3M | 83.27M | 84.31M | 82.05M | 77.7M | 77.41M | 65.25M | 63.96M | 69.58M | 65.7M | 59.42M | 50.83M | 47.13M | 43.95M | 41.77M | 46.29M | 0 | 58.56M | 59M | 53.19M | 55.14M | 53.32M | 52.42M | 55.36M | 57.82M | 54.56M | 50.95M | 45.47M | 48.99M |
| Other Assets | -11.39B | -10.55B | -8.98B | -8.11B | -7.34B | -7.61B | -7.28B | -6.56B | 7.33B | 7.13B | 6.76B | 1.59B | 1.56B | 1.72B | -4.06B | -4.03B | -3.83B | -3.61B | -3.36B | -3.62B | -3.48B | -3.17B | -2.94B | -2.5B | -2.2B | -1.8B | -1.87B | -1.69B | -1.75B | -1.71B | -1.61B |
| Total Liabilities | 11.73B | 11.55B | 10.39B | 8.85B | 8.27B | 7.48B | 6.95B | 6.6B | 6.16B | 5.97B | 5.82B | 5.51B | 5.3B | 5.12B | 5.7B | 4.63B | 4.16B | 4.21B | 4.14B | 4.08B | 3.69B | 3.41B | 3.05B | 2.67B | 2.36B | 2.09B | 2.01B | 1.94B | 1.82B | 1.74B | 1.72B |
| Total Debt | 901.4M | 898.3M | 507.94M | 506.58M | 504.68M | 506.05M | 550.74M | 550.6M | 439.54M | 439.12M | 438.67M | 328.19M | 372.69M | 392.41M | 307.39M | 307.36M | 262.33M | 274.61M | 273.88M | 294.89M | 361.84M | 338.63M | 263.32M | 237.44M | 261.44M | 156.43M | 163.63M | 132.89M | 117.08M | 114M | 103.8M |
| Net Debt | 901.2M | 898M | 507.85M | 506.4M | 504.65M | 505.6M | 550.35M | 550.3M | 439.04M | 438.58M | 438.21M | 327.29M | 348.73M | 392.22M | 307.18M | 306.6M | 261.69M | 273.8M | 270.27M | 286.51M | 355.39M | 335.65M | 263.32M | 237.43M | 259.21M | 149.14M | 154.88M | 124.3M | 109.15M | 108.98M | 103.8M |
| Long-Term Debt | 901.4M | 898.3M | 501.66M | 503.95M | 500.96M | 500.6M | 550.24M | 549.86M | 439.54M | 439.12M | 438.67M | 328.19M | 372.69M | 392.41M | 307.39M | 249.36M | 0 | 261.61M | 273.88M | 294.89M | 361.84M | 338.63M | 263.32M | 237.44M | 261.44M | 156.43M | 163.63M | 81.58M | 88.79M | 96.6M | 103.8M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58M | 262.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51.3M | 28.29M | 17.4M | 0 |
| Total Current Liabilities | 44.8M | 16.9M | 0 | 0 | 0 | 0 | 0 | 0 | 124.47M | 131.85M | 132.88M | 167.34M | 158.38M | 111.43M | 8.13M | 13.03M | 12.93M | 16.01M | 14.22M | 18.45M | 14.84M | 123.91M | 9.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 54.81M | 53.59M | 66.88M | 53.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 2.49B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | -2.44B | -123.9M | -141.37M | -128.25M | -115.19M | -121.06M | -128.89M | -129.74M | 6.46M | 0 | 0 | -7.44M | -3.92M | 0 | -144.26M | -164.27M | -350.33M | -137.03M | -152.76M | -129.8M | -134.53M | 0 | -111.06M | -61.68M | -2.56M | 0 | 0 | -51.3M | -28.37M | -19.15M | -3.73M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 1000K | 0 | 0 |
| Other Liabilities | 10.79B | 10.54B | -507.94M | -506.58M | -504.68M | -519.46M | -577.84M | -550.6M | 5.72B | 5.53B | 5.39B | 5.18B | 4.93B | 4.72B | 56.46M | 108.23M | 324.41M | 70.53M | 0 | 3.64B | 0 | 0 | 0 | -250.11M | -261.44M | -156.43M | -163.63M | -81.58M | -96.02M | -96.6M | -103.8M |
| Total Equity | 3.59B | 3.61B | 3.12B | 2.95B | 2.53B | 2.98B | 2.74B | 2.19B | 1.79B | 1.71B | 1.53B | 1.4B | 1.28B | 1.15B | 1.09B | 1.11B | 1.07B | 1B | 890.49M | 1.08B | 1.08B | 981.12M | 882.02M | 749.78M | 652.1M | 591.16M | 577.8M | 569.96M | 607.58M | 565.3M | 474.3M |
| Equity Growth % | 51.21% | 15.67% | 5.61% | 16.89% | -15.26% | 8.91% | 24.78% | 22.5% | 4.6% | 11.86% | 9.54% | 9.6% | 10.54% | 5.81% | -1.68% | 3.56% | 6.86% | 12.56% | -17.24% | -0.11% | 9.8% | 11.24% | 17.64% | 14.98% | 10.31% | 2.31% | 1.37% | -6.19% | 7.48% | 19.19% | 8.61% |
| Shareholders Equity | 3.59B | 3.61B | 3.12B | 2.95B | 2.53B | 2.98B | 2.74B | 2.19B | 1.79B | 1.71B | 1.53B | 1.4B | 1.28B | 1.15B | 1.09B | 1.11B | 1.07B | 1B | 890.49M | 1.08B | 1.08B | 981.12M | 882.02M | 749.78M | 652.1M | 591.16M | 577.8M | 569.96M | 607.58M | 565.3M | 474.3M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 3.57B | 3.5B | 3.14B | 3.03B | 2.75B | 2.6B | 2.27B | 2.08B | 1.86B | 1.7B | 1.57B | 1.45B | 1.31B | 1.2B | 1.13B | 1.17B | 1.18B | 1.14B | 1.13B | 1.11B | 986.02M | 847.69M | 721.48M | 612.21M | 562.55M | 536.19M | 525.67M | 514.48M | 477.12M | 439.81M | 386.6M |
| Common Stock | 212.4M | 212M | 211.22M | 210.45M | 209.69M | 208.9M | 208.07M | 206.97M | 205.7M | 204.57M | 203.24M | 201.72M | 199.9M | 198.24M | 196.39M | 194.49M | 192.72M | 191.65M | 190.53M | 189.31M | 183.12M | 173.09M | 84.94M | 83.14M | 81.56M | 79.18M | 77.57M | 75.93M | 74.83M | 72.73M | 35.82M |
| Accumulated OCI | -222.6M | -151.7M | -336.85M | -373M | -498.04M | 115.1M | 220.19M | 81.75M | -77.96M | 20.17M | -15.95M | -9.43M | 19.79M | 24.85M | 54.04M | 42.29M | 7.02M | -12.46M | -100.67M | 86.04M | 100.6M | 118.12M | 154.54M | 148.45M | 115.43M | 98.04M | 99.33M | 76.69M | 114.32M | 89.05M | 52.73M |
| Return on Equity (ROE) | 12.93% | 13.86% | 6.82% | 13.33% | 8.16% | 14.12% | 9.99% | 13.63% | 10.21% | 10.41% | 10.82% | 12.41% | 11.68% | 9.48% | 3.45% | 2.02% | 6.46% | 3.85% | 4.45% | 13.61% | 15.89% | 15.94% | 15.77% | 9.46% | 6.75% | 4.4% | 4.62% | 9.12% | 9.13% | 13.39% | 12.21% |
| Return on Assets (ROA) | 3.03% | 3.25% | 1.64% | 3.23% | 2.12% | 4.01% | 2.67% | 3.24% | 2.29% | 2.24% | 2.22% | 2.46% | 2.21% | 1.63% | 0.61% | 0.42% | 1.32% | 0.71% | 0.86% | 2.95% | 3.51% | 3.5% | 3.5% | 2.06% | 1.47% | 0.97% | 1.04% | 2.17% | 2.26% | 3.1% | 2.58% |
| Equity / Assets | 23.41% | 23.81% | 23.09% | 25.03% | 23.4% | 28.51% | 28.27% | 24.95% | 22.53% | 22.29% | 20.82% | 20.25% | 19.4% | 18.4% | 16.05% | 19.51% | 21.8% | 19.23% | 17.69% | 20.87% | 22.59% | 21.55% | 22.45% | 21.9% | 21.62% | 22.02% | 22.3% | 22.73% | 24.98% | 24.51% | 21.66% |
| Debt / Equity | 0.25x | 0.25x | 0.16x | 0.17x | 0.20x | 0.17x | 0.20x | 0.25x | 0.25x | 0.26x | 0.29x | 0.23x | 0.29x | 0.34x | 0.28x | 0.28x | 0.24x | 0.27x | 0.31x | 0.27x | 0.34x | 0.35x | 0.30x | 0.32x | 0.40x | 0.26x | 0.28x | 0.23x | 0.19x | 0.20x | 0.22x |
| Book Value per Share | 59.30 | 59.07 | 50.90 | 48.46 | 41.52 | 49.17 | 45.43 | 36.58 | 30.01 | 28.86 | 26.07 | 24.04 | 22.24 | 20.31 | 19.50 | 20.09 | 19.65 | 18.73 | 16.70 | 18.82 | 17.22 | 15.16 | 13.62 | 13.81 | 12.25 | 11.19 | 10.87 | 9.87 | 9.99 | 9.22 | 7.81 |
| Tangible BV per Share | 59.17 | 50.88 | 50.77 | 48.33 | 41.39 | 49.04 | 45.30 | 36.45 | 25.65 | 24.77 | 22.15 | 20.24 | 22.10 | 20.17 | 19.36 | 19.94 | 19.51 | 18.58 | 16.15 | 18.24 | 16.69 | 14.64 | 12.95 | 13.01 | 11.44 | 10.31 | 9.94 | 8.97 | 9.65 | 8.94 | 7.64 |
Reserve adequacy and reporting transparency
According to the provided balance sheet data, Selective Insurance Group has grown total assets from $11.8 billion in 2023Q4 to $15.3 billion by 2026Q1, representing a steady expansion that appears to be primarily funded by increasing liabilities rather than proportional growth in shareholder equity.
The consistent rise in total liabilities suggests that the company is aggressively scaling its premium base, which warrants close monitoring of underwriting discipline. Investors should consider whether this asset growth is sustainable or if it reflects an over-reliance on leverage to maintain market share in a competitive environment.
Based on historical financial statements, the company's claims and loss reserves have fluctuated significantly, reaching $1.2 billion in 2025Q3, which indicates that the firm is managing a substantial and volatile liability tail that remains sensitive to inflationary pressures and potential adverse development in long-tail lines.
The periodic spikes in loss reserves suggest that the company may be experiencing volatility in its claims settlement process. This trend implies that future earnings could be impacted by reserve strengthening, necessitating a cautious view on the quality of current underwriting margins.
As reported in recent filings, the company's equity base has grown to $3.6 billion as of 2026Q1, yet the reported debt-to-equity ratio of 0.25% remains highly anomalous for a P&C insurer, suggesting that the true capital buffer may be obscured by specific accounting or reporting conventions.
The discrepancy between the reported leverage and typical industry capital structures makes it difficult to assess the company's true solvency margin. Analysts should investigate whether this low leverage is a result of conservative capital management or a potential omission of significant debt obligations from the consolidated balance sheet.
Based on the provided data, the company reports a nominal cash position of $1,000.0K, which, as noted in financial disclosures, is likely an accounting anomaly that fails to reflect the actual liquidity available for claims-paying obligations across the broader insurance group's investment portfolio.
The lack of transparent cash reporting complicates the assessment of the company's ability to meet sudden, large-scale claims payouts. Investors should monitor whether this liquidity profile is sufficient to withstand a major catastrophe event without requiring the forced liquidation of longer-duration investment assets.
Quick answers to the most common questions about buying SIGI stock.
As of 2025, Selective Insurance Group, Inc. (SIGI) had total assets of $15.16B including $10.99B in current assets.
Selective Insurance Group, Inc. (SIGI) carries total debt of $898.3M, offset by $1.24B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Selective Insurance Group, Inc. (SIGI) has total shareholders' equity (book value) of $3.61B ($59.07 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Selective Insurance Group, Inc. (SIGI) reported a current ratio of 650.38x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.