Selective Insurance Group (SIGI) Financials

$84.20 +0.69 (+0.83%)

Closing price 04:00 PM Eastern

Extended Trading

$84.18 -0.03 (-0.03%)

As of 04:10 PM Eastern

Annual Income Statements for Selective Insurance Group

This table shows Selective Insurance Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	166	158	169	179	272	246	394	216	356	198
Consolidated Net Income / (Loss)	166	158	169	179	272	246	404	225	365	207
Net Income / (Loss) Continuing Operations	166	158	169	179	272	246	404	225	365	207
Total Pre-Tax Income	233	220	262	212	336	303	505	280	458	258
Total Revenue	2,109	2,261	2,446	2,562	2,846	2,891	3,350	3,529	4,203	4,833
Net Interest Income / (Expense)	-22	-23	-24	-24	-34	-31	-29	-29	-29	-29
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	22	23	24	24	34	31	29	29	29	29
Long-Term Debt Interest Expense	22	23	24	24	34	31	29	29	29	29
Total Non-Interest Income	2,132	2,284	2,470	2,586	2,846	2,922	3,379	3,558	4,232	4,862
Other Service Charges	7.46	8.88	11	9.44	12	18	18	11	19	31
Net Realized & Unrealized Capital Gains on Investments	134	126	168	140	237	223	344	173	385	454
Premiums Earned	1,990	2,150	2,291	2,436	2,597	2,682	3,017	3,373	3,828	4,376
Total Non-Interest Expense	1,877	2,042	2,184	2,350	2,476	2,588	2,845	3,249	3,745	4,575
Property & Liability Insurance Claims	1,149	1,235	1,345	1,498	1,551	1,636	1,814	2,112	2,484	3,164
Insurance Policy Acquisition Costs	300	321	333	331	358	367	376	400	434	453
Amortization Expense	399	450	469	495	536	560	626	706	796	922
Other Special Charges	28	35	36	25	31	25	28	31	31	35
Income Tax Expense	67	61	93	33	65	57	101	55	93	51
Preferred Stock Dividends Declared	-	-	-	0.00	0.00	0.00	9.35	9.20	9.20	9.20
Basic Earnings per Share	$2.90	$2.74	$2.89	$3.04	$4.57	$4.12	$6.55	$3.57	$5.87	$3.25
Weighted Average Basic Shares Outstanding	57.21M	57.89M	58.46M	58.95M	59.67M	59.88M	60.19M	60.34M	60.64M	60.81M
Diluted Earnings per Share	$2.85	$2.70	$2.84	$3.00	$4.53	$4.09	$6.50	$3.54	$5.84	$3.23
Weighted Average Diluted Shares Outstanding	57.21M	57.89M	58.46M	58.95M	59.67M	59.88M	60.19M	60.34M	60.64M	60.81M
Weighted Average Basic & Diluted Shares Outstanding	57.21M	57.89M	58.46M	58.95M	59.67M	59.88M	60.19M	60.34M	60.64M	60.81M
Cash Dividends to Common per Share	$0.57	$0.61	$0.66	$0.74	$0.83	$0.94	$1.03	$1.14	$1.25	$1.43

This table shows Selective Insurance Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	40	84	90	56	87	123	80	-66	90	93	108
Consolidated Net Income / (Loss)	43	87	93	59	89	125	83	-63	92	96	110
Net Income / (Loss) Continuing Operations	43	87	93	59	89	125	83	-63	92	96	110
Total Pre-Tax Income	53	108	115	74	113	157	103	-80	116	119	139
Total Revenue	888	945	993	1,033	1,074	1,103	1,158	1,189	1,237	1,249	1,276
Net Interest Income / (Expense)	-7.18	-7.25	-7.17	-7.26	-7.19	-7.19	-7.18	-7.20	-7.25	-7.25	-9.57
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	7.18	7.25	7.17	7.26	7.19	7.19	7.18	7.20	7.25	7.25	9.57
Long-Term Debt Interest Expense	7.18	7.25	7.17	7.26	7.19	7.19	7.18	7.20	7.25	7.25	9.57
Total Non-Interest Income	895	952	1,000	1,041	1,081	1,111	1,165	1,196	1,244	1,256	1,285
Other Service Charges	2.93	3.84	2.63	6.10	5.18	5.48	7.80	5.84	8.93	8.55	5.51
Net Realized & Unrealized Capital Gains on Investments	38	76	95	92	94	104	106	110	123	115	121
Premiums Earned	854	873	902	942	982	1,001	1,051	1,080	1,112	1,133	1,159
Total Non-Interest Expense	835	837	878	959	961	947	1,055	1,269	1,121	1,130	1,137
Property & Liability Insurance Claims	548	545	567	646	646	625	704	926	766	769	746
Insurance Policy Acquisition Costs	103	102	109	109	109	108	116	108	115	115	125
Amortization Expense	179	184	190	195	201	211	219	226	236	241	247
Other Special Charges	5.52	6.67	12	9.33	5.87	3.38	15	9.15	4.66	5.29	18
Income Tax Expense	10	21	22	16	23	32	20	-17	24	24	29
Preferred Stock Dividends Declared	2.30	2.30	2.30	2.30	2.30	2.30	2.30	2.30	2.30	2.30	2.30
Basic Earnings per Share	$0.67	$1.39	$1.49	$0.93	$1.43	$2.02	$1.32	($1.08)	$1.48	$1.53	$1.77
Weighted Average Basic Shares Outstanding	60.28M	60.34M	60.49M	60.57M	60.59M	60.64M	60.79M	60.83M	60.79M	60.81M	60.77M
Diluted Earnings per Share	$0.66	$1.38	$1.48	$0.92	$1.42	$2.02	$1.31	($1.08)	$1.47	$1.53	$1.76
Weighted Average Diluted Shares Outstanding	60.28M	60.34M	60.49M	60.57M	60.59M	60.64M	60.79M	60.83M	60.79M	60.81M	60.77M
Weighted Average Basic & Diluted Shares Outstanding	60.28M	60.34M	60.49M	60.57M	60.59M	60.64M	60.79M	60.83M	60.79M	60.81M	60.77M
Cash Dividends to Common per Share	$0.28	-	$0.30	$0.30	$0.30	-	$0.35	$0.35	$0.35	-	$0.38

This table details how cash moves in and out of Selective Insurance Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-23	25	7.31	7.32	-8.94	7.26	30	-20	-12	50
Net Cash From Operating Activities	382	330	380	455	477	554	771	802	759	1,100
Net Cash From Continuing Operating Activities	382	330	380	490	477	554	771	802	759	1,100
Net Income / (Loss) Continuing Operations	166	158	169	179	272	246	404	225	365	207
Consolidated Net Income / (Loss)	166	158	169	179	272	246	404	225	365	207
Depreciation Expense	60	62	52	45	55	59	55	42	30	35
Non-Cash Adjustments to Reconcile Net Income	-2.31	16	-11	64	-5.27	12	-69	164	21	25
Changes in Operating Assets and Liabilities, net	158	94	169	202	156	237	381	372	343	833
Net Cash From Investing Activities	-392	-321	-333	-436	-544	-688	-619	-734	-686	-947
Net Cash From Continuing Investing Activities	-392	-321	-333	-436	-544	-688	-619	-734	-686	-947
Purchase of Property, Leasehold Improvements and Equipment	-	-	-	-16	-31	-22	-22	-26	-23	-31
Purchase of Investment Securities	-2,872	-5,605	-6,543	-7,348	-8,055	-7,843	-6,751	-7,326	-7,083	-12,497
Sale and/or Maturity of Investments	2,480	5,285	6,210	6,928	7,543	7,177	6,154	6,618	6,419	11,580
Net Cash From Financing Activities	-13	16	-40	-47	57	141	-123	-88	-84	-103
Net Cash From Continuing Financing Activities	-13	16	-40	-47	57	141	-122	-88	-84	-103
Issuance of Debt	15	165	-	130	356	-	0.00	60	20	0.00
Issuance of Common Equity	10	7.81	7.60	7.25	8.24	8.41	7.98	9.09	9.13	9.63
Repayment of Debt	-4.69	-120	-88	-130	-251	-588	-52	-62	-23	-2.63
Repurchase of Common Equity	-4.18	-4.99	-6.02	-6.56	-8.16	-7.05	-9.05	-18	-7.93	-16
Payment of Dividends	-31	-34	-37	-42	-48	-54	-69	-76	-83	-94

This table details how cash moves in and out of Selective Insurance Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	1.47	16	10	-14	-7.91	-0.07	-1.43	-0.94	1.76	50	45
Net Cash From Operating Activities	242	317	136	158	229	237	114	266	387	332	284
Net Cash From Continuing Operating Activities	242	317	136	158	229	237	114	266	387	332	284
Net Income / (Loss) Continuing Operations	43	87	93	59	89	125	83	-63	92	96	110
Consolidated Net Income / (Loss)	43	87	93	59	89	125	83	-63	92	96	110
Depreciation Expense	12	7.99	8.96	8.22	6.25	6.61	9.08	9.83	8.31	7.57	9.13
Non-Cash Adjustments to Reconcile Net Income	42	19	-0.44	8.64	9.53	3.14	11	2.15	-1.28	13	11
Changes in Operating Assets and Liabilities, net	145	203	35	82	124	102	12	317	288	216	154
Net Cash From Investing Activities	-216	-284	-98	-155	-216	-216	-86	-247	-354	-260	-585
Net Cash From Continuing Investing Activities	-216	-284	-98	-155	-216	-216	-86	-247	-354	-260	-585
Purchase of Property, Leasehold Improvements and Equipment	-7.66	-4.26	-5.51	-4.04	-5.21	-7.87	-6.20	-7.73	-9.41	-7.47	-13
Purchase of Investment Securities	-1,812	-1,890	-2,385	-1,656	-1,578	-1,463	-1,796	-2,330	-4,612	-3,759	-5,779
Sale and/or Maturity of Investments	1,604	1,610	2,292	1,505	1,367	1,255	1,716	2,090	4,268	3,506	5,207
Net Cash From Financing Activities	-24	-17	-27	-17	-20	-20	-30	-20	-32	-22	346
Net Cash From Continuing Financing Activities	-24	-17	-27	-17	-20	-20	-30	-20	-32	-22	346
Issuance of Debt	-	25	-	-	-	-	-	-	-	-	396
Issuance of Common Equity	1.22	3.59	0.97	3.72	0.92	3.52	0.89	3.86	0.98	3.91	0.79
Repayment of Debt	-0.62	-26	-0.62	-21	-0.70	-0.73	-0.73	-0.54	-0.67	-0.69	-0.70
Repurchase of Common Equity	-6.01	-0.26	-7.44	-0.07	-0.29	-0.13	-6.70	-0.03	-8.81	-0.08	-25
Payment of Dividends	-19	-20	-20	-20	-20	-23	-23	-23	-23	-25	-25

This table presents Selective Insurance Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	6,904	7,356	7,686	7,953	8,797	9,688	10,461	10,802	11,803	13,514
Cash and Due from Banks	0.90	0.46	0.53	0.51	0.30	0.39	0.46	0.03	0.18	0.09
Restricted Cash	-	-	44	16	7.68	15	45	25	13	63
Trading Account Securities	4,817	5,041	5,387	5,458	6,189	6,783	7,074	6,805	7,709	8,366
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	46	15	-16	-19	-20
Allowance for Loan and Lease Losses	-	-	-	-	0.00	0.00	14	16	19	20
Accrued Investment Income	39	40	41	42	45	45	48	59	66	77
Premises and Equipment, Net	66	70	64	65	77	78	82	84	83	93
Mortgage Servicing Rights	-	-	-	-	0.00	46	96	149	188	234
Unearned Premiums Asset	756	828	901	928	991	1,594	1,728	2,041	2,173	2,764
Deferred Acquisition Cost	213	223	235	253	271	289	327	369	425	479
Goodwill	7.85	7.85	7.85	7.85	7.85	7.85	7.85	7.85	7.85	7.85
Other Assets	1,006	1,146	1,006	1,182	1,208	830	1,052	1,262	1,136	1,429
Total Liabilities & Shareholders' Equity	6,904	7,356	7,686	7,953	8,797	9,688	10,461	10,802	11,803	13,514
Total Liabilities	5,506	5,824	5,973	6,161	6,602	6,949	7,479	8,275	8,848	10,394
Other Short-Term Payables	-	-	-	-	-	-	-	-	122	122
Long-Term Debt	328	439	439	440	551	551	506	505	504	508
Claims and Claim Expense	3,518	3,692	3,771	3,894	4,067	4,260	4,581	5,145	5,337	6,590
Unearned Premiums Liability	1,170	1,263	1,350	1,432	1,523	1,618	1,803	1,993	2,331	2,616
Other Long-Term Liabilities	431	431	413	396	461	520	588	632	555	558
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Total Equity & Noncontrolling Interests	1,398	1,531	1,713	1,792	2,195	2,739	2,983	2,528	2,954	3,120
Total Preferred & Common Equity	1,398	1,531	1,713	1,792	2,195	2,739	2,983	2,528	2,954	3,120
Preferred Stock	0.00	0.00	0.00	0.00	0.00	200	200	200	200	200
Total Common Equity	1,398	1,531	1,713	1,792	2,195	2,539	2,783	2,328	2,754	2,920
Common Stock	528	551	572	596	625	647	673	703	733	768
Retained Earnings	1,446	1,569	1,699	1,858	2,081	2,272	2,603	2,750	3,029	3,139
Treasury Stock	-567	-572	-578	-585	-593	-600	-609	-627	-635	-651
Accumulated Other Comprehensive Income / (Loss)	-9.43	-16	20	-78	82	220	115	-498	-373	-337

This table presents Selective Insurance Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	10,520	11,015	11,217	11,428	12,056	12,565	13,473	14,198
Cash and Due from Banks	0.54	0.15	0.35	0.11	0.12	0.16	0.10	0.12
Restricted Cash	8.50	36	21	13	12	11	13	108
Trading Account Securities	6,505	7,121	7,056	7,176	7,798	7,880	8,316	8,897
Loans and Leases, Net of Allowance	130	165	157	-19	-20	-21	-21	-22
Allowance for Loan and Lease Losses	15	17	18	19	20	21	21	22
Accrued Investment Income	54	57	59	62	68	72	74	77
Premises and Equipment, Net	85	83	81	81	83	89	92	100
Mortgage Servicing Rights	145	157	175	186	208	219	224	258
Unearned Premiums Asset	2,005	1,996	2,124	2,221	2,298	2,485	2,820	2,701
Deferred Acquisition Cost	371	388	414	426	448	477	489	492
Goodwill	7.85	7.85	7.85	7.85	7.85	7.85	7.85	7.85
Other Assets	1,154	1,169	1,157	1,255	1,133	1,324	1,438	1,556
Total Liabilities & Shareholders' Equity	10,520	11,015	11,217	11,428	12,056	12,565	13,473	14,198
Total Liabilities	8,093	8,346	8,546	8,784	9,050	9,643	10,305	10,939
Other Short-Term Payables	112	89	92	114	98	93	113	106
Long-Term Debt	505	504	504	505	503	509	508	903
Claims and Claim Expense	4,965	5,099	5,177	5,301	5,502	5,904	6,452	6,611
Unearned Premiums Liability	2,022	2,092	2,251	2,342	2,441	2,599	2,655	2,698
Other Long-Term Liabilities	488	561	522	521	506	539	577	621
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,428	2,669	2,671	2,644	3,006	2,923	3,168	3,259
Total Preferred & Common Equity	2,428	2,669	2,671	2,644	3,006	2,923	3,168	3,259
Preferred Stock	200	200	200	200	200	200	200	200
Total Common Equity	2,228	2,469	2,471	2,444	2,806	2,723	2,968	3,059
Common Stock	696	713	722	727	745	756	761	783
Retained Earnings	2,684	2,822	2,860	2,928	3,088	3,001	3,070	3,224
Treasury Stock	-627	-635	-635	-635	-642	-642	-651	-676
Accumulated Other Comprehensive Income / (Loss)	-525	-430	-476	-576	-385	-393	-212	-272

This table displays calculated financial ratios and metrics derived from Selective Insurance Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.85%	7.21%	8.14%	4.74%	11.12%	1.58%	15.86%	5.35%	19.10%	14.98%
EBITDA Growth	20.58%	-3.68%	11.52%	-18.30%	65.73%	-14.80%	54.67%	-42.45%	51.45%	-40.05%
EBIT Growth	18.04%	-5.47%	19.10%	-19.18%	74.79%	-18.12%	66.78%	-44.55%	63.61%	-43.71%
NOPAT Growth	16.95%	-4.44%	6.52%	5.99%	51.80%	-9.30%	63.92%	-44.31%	62.41%	-43.32%
Net Income Growth	16.95%	-4.44%	6.52%	5.99%	51.80%	-9.30%	63.92%	-44.31%	62.41%	-43.32%
EPS Growth	15.38%	-5.26%	5.19%	5.63%	51.00%	-9.71%	58.92%	-45.54%	64.97%	-44.69%
Operating Cash Flow Growth	63.94%	-13.65%	15.19%	19.87%	4.96%	16.03%	39.23%	4.02%	-5.42%	44.93%
Free Cash Flow Firm Growth	-30.06%	-190.70%	47.81%	854.50%	-343.37%	-22.75%	168.69%	233.24%	-108.93%	161.34%
Invested Capital Growth	8.37%	10.29%	9.24%	3.68%	23.04%	19.82%	6.06%	-13.09%	14.05%	4.91%
Revenue Q/Q Growth	2.07%	1.65%	1.88%	0.36%	3.34%	1.36%	2.92%	2.39%	3.92%	3.11%
EBITDA Q/Q Growth	2.86%	-4.47%	3.14%	-7.26%	16.26%	8.74%	-2.16%	-6.52%	10.86%	-11.20%
EBIT Q/Q Growth	2.92%	-5.77%	4.68%	-7.05%	18.03%	9.81%	-2.30%	-5.43%	12.03%	-12.81%
NOPAT Q/Q Growth	2.50%	-3.66%	-5.12%	9.50%	15.33%	22.47%	-6.50%	-5.25%	11.73%	-12.40%
Net Income Q/Q Growth	2.50%	-3.66%	-5.12%	9.50%	15.33%	22.47%	-6.50%	-5.25%	11.73%	-12.40%
EPS Q/Q Growth	1.79%	-3.57%	-5.65%	9.49%	15.56%	22.09%	-7.67%	-5.09%	12.31%	-13.17%
Operating Cash Flow Q/Q Growth	7.07%	13.84%	-12.95%	19.19%	-0.24%	2.19%	7.67%	12.45%	-9.58%	9.52%
Free Cash Flow Firm Q/Q Growth	-58.79%	68.60%	-134.73%	-19.51%	11.65%	-34.13%	70.31%	-6.33%	-155.03%	112.84%
Invested Capital Q/Q Growth	1.88%	-1.42%	0.64%	2.45%	2.14%	5.74%	1.93%	3.39%	9.82%	-1.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	13.86%	12.45%	12.84%	10.02%	14.94%	12.53%	16.73%	9.14%	11.62%	6.06%
EBIT Margin	11.03%	9.73%	10.71%	8.27%	13.00%	10.48%	15.08%	7.94%	10.91%	5.34%
Profit (Net Income) Margin	7.86%	7.01%	6.90%	6.99%	9.54%	8.52%	12.05%	6.37%	8.69%	4.28%
Tax Burden Percent	71.28%	72.06%	64.45%	84.52%	80.75%	81.31%	79.92%	80.26%	79.67%	80.23%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	90.90%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	28.72%	27.94%	35.55%	15.48%	19.25%	18.69%	20.08%	19.74%	20.33%	19.77%
Return on Invested Capital (ROIC)	9.66%	8.44%	8.19%	8.16%	10.92%	8.16%	11.92%	6.90%	11.25%	5.84%
ROIC Less NNEP Spread (ROIC-NNEP)	9.66%	8.44%	8.19%	8.16%	10.92%	8.16%	11.92%	6.90%	11.25%	5.84%
Return on Net Nonoperating Assets (RNNOA)	2.75%	2.38%	2.22%	2.05%	2.71%	1.82%	2.20%	1.27%	2.07%	0.97%
Return on Equity (ROE)	12.41%	10.82%	10.41%	10.21%	13.63%	9.99%	14.12%	8.16%	13.33%	6.82%
Cash Return on Invested Capital (CROIC)	1.62%	-1.35%	-0.64%	4.55%	-9.75%	-9.87%	6.03%	20.90%	-1.88%	1.05%
Operating Return on Assets (OROA)	3.45%	3.08%	3.48%	2.71%	4.42%	3.28%	5.02%	2.64%	4.06%	2.04%
Return on Assets (ROA)	2.46%	2.22%	2.24%	2.29%	3.24%	2.67%	4.01%	2.12%	3.23%	1.64%
Return on Common Equity (ROCE)	12.41%	10.82%	10.41%	10.21%	13.63%	9.58%	13.13%	7.57%	12.35%	6.37%
Return on Equity Simple (ROE_SIMPLE)	11.86%	10.35%	9.86%	9.99%	12.38%	8.99%	13.54%	8.90%	12.36%	6.63%
Net Operating Profit after Tax (NOPAT)	166	158	169	179	272	246	404	225	365	207
NOPAT Margin	7.86%	7.01%	6.90%	6.99%	9.54%	8.52%	12.05%	6.37%	8.69%	4.28%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	88.97%	90.27%	89.29%	91.74%	87.00%	89.52%	84.92%	92.06%	89.09%	94.66%
Earnings before Interest and Taxes (EBIT)	233	220	262	212	370	303	505	280	458	258
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	292	282	314	257	425	362	560	323	488	293
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.22	1.46	1.82	1.94	1.65	1.50	1.71	2.23	2.16	1.95
Price to Tangible Book Value (P/TBV)	1.22	1.47	1.83	1.94	1.65	1.50	1.71	2.24	2.16	1.95
Price to Revenue (P/Rev)	0.81	0.99	1.28	1.35	1.27	1.32	1.42	1.47	1.41	1.18
Price to Earnings (P/E)	10.25	14.14	18.52	19.38	13.32	15.46	12.03	24.10	16.68	28.74
Dividend Yield	1.92%	1.57%	1.23%	1.26%	1.36%	1.48%	1.31%	1.32%	1.28%	1.53%
Earnings Yield	9.76%	7.07%	5.40%	5.16%	7.51%	6.47%	8.31%	4.15%	6.00%	3.48%
Enterprise Value to Invested Capital (EV/IC)	1.17	1.36	1.64	1.74	1.52	1.38	1.55	1.94	1.92	1.74
Enterprise Value to Revenue (EV/Rev)	0.99	1.19	1.44	1.52	1.46	1.57	1.61	1.67	1.58	1.31
Enterprise Value to EBITDA (EV/EBITDA)	7.14	9.52	11.21	15.16	9.78	12.54	9.65	18.22	13.57	21.62
Enterprise Value to EBIT (EV/EBIT)	8.97	12.18	13.44	18.37	11.24	14.99	10.70	20.97	14.46	24.53
Enterprise Value to NOPAT (EV/NOPAT)	12.58	16.91	20.85	21.74	15.32	18.44	13.39	26.13	18.15	30.58
Enterprise Value to Operating Cash Flow (EV/OCF)	5.47	8.13	9.27	8.55	8.71	8.20	7.01	7.32	8.73	5.76
Enterprise Value to Free Cash Flow (EV/FCFF)	74.80	0.00	0.00	39.03	0.00	0.00	26.43	8.62	0.00	169.60
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.29	0.26	0.25	0.25	0.20	0.17	0.20	0.17	0.16
Long-Term Debt to Equity	0.23	0.29	0.26	0.25	0.25	0.20	0.17	0.20	0.17	0.16
Financial Leverage	0.28	0.28	0.27	0.25	0.25	0.22	0.18	0.18	0.18	0.17
Leverage Ratio	5.04	4.87	4.64	4.46	4.20	3.75	3.52	3.86	4.12	4.17
Compound Leverage Factor	5.04	4.87	4.64	4.46	3.82	3.75	3.52	3.86	4.12	4.17
Debt to Total Capital	21.73%	22.27%	20.40%	19.70%	20.05%	16.74%	14.50%	16.64%	14.57%	14.00%
Short-Term Debt to Total Capital	3.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	18.37%	22.27%	20.40%	19.70%	20.05%	16.74%	14.50%	16.64%	14.57%	14.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	6.08%	5.73%	6.60%	5.78%	5.51%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	78.27%	77.73%	79.60%	80.30%	79.95%	77.18%	79.76%	76.76%	79.64%	80.49%
Debt to EBITDA	1.33	1.56	1.40	1.71	1.29	1.52	0.90	1.56	1.03	1.73
Net Debt to EBITDA	1.32	1.56	1.26	1.65	1.28	1.48	0.82	1.49	1.00	1.52
Long-Term Debt to EBITDA	1.12	1.56	1.40	1.71	1.29	1.52	0.90	1.56	1.03	1.73
Debt to NOPAT	2.34	2.77	2.60	2.46	2.03	2.24	1.25	2.24	1.38	2.45
Net Debt to NOPAT	2.34	2.76	2.34	2.36	2.00	2.17	1.14	2.13	1.34	2.15
Long-Term Debt to NOPAT	1.98	2.77	2.60	2.46	2.03	2.24	1.25	2.24	1.38	2.45
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	4.05%	6.99%	7.26%	7.30%	6.59%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	28	-25	-13	100	-243	-298	205	682	-61	37
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	2,823.99%	1,541.45%	2,511.08%	3,480.68%	3,083.93%	3,353.40%	3,569.91%
Free Cash Flow to Firm to Interest Expense	1.24	-1.11	-0.54	4.08	-7.20	-9.65	7.01	23.63	-2.11	1.29
Operating Cash Flow to Interest Expense	17.01	14.47	15.58	18.63	14.18	17.97	26.45	27.82	26.35	38.09
Operating Cash Flow Less CapEx to Interest Expense	17.01	14.47	15.58	17.97	13.26	17.25	25.69	26.91	25.57	37.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.31	0.32	0.33	0.33	0.34	0.31	0.33	0.33	0.37	0.38
Fixed Asset Turnover	33.72	33.44	36.63	39.65	39.91	37.28	41.94	42.43	50.17	54.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,786	1,970	2,152	2,231	2,746	3,290	3,489	3,032	3,458	3,628
Invested Capital Turnover	1.23	1.20	1.19	1.17	1.14	0.96	0.99	1.08	1.30	1.36
Increase / (Decrease) in Invested Capital	138	184	182	79	514	544	199	-457	426	170
Enterprise Value (EV)	2,087	2,680	3,520	3,890	4,161	4,543	5,406	5,877	6,629	6,330
Market Capitalization	1,700	2,242	3,126	3,468	3,618	3,808	4,745	5,197	5,938	5,685
Book Value per Share	$24.44	$26.47	$29.34	$30.40	$36.95	$42.43	$46.29	$38.62	$45.46	$48.03
Tangible Book Value per Share	$24.31	$26.33	$29.20	$30.26	$36.82	$42.30	$46.16	$38.49	$45.33	$47.90
Total Capital	1,786	1,970	2,152	2,231	2,746	3,290	3,489	3,032	3,458	3,628
Total Debt	388	439	439	440	551	551	506	505	504	508
Total Long-Term Debt	328	439	439	440	551	551	506	505	504	508
Net Debt	387	438	394	423	543	536	461	479	491	445
Capital Expenditures (CapEx)	0.00	0.00	0.00	16	31	22	22	26	23	31
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	388	439	439	440	551	551	506	505	504	508
Total Depreciation and Amortization (D&A)	60	62	52	45	55	59	55	42	30	35
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.90	$2.74	$2.89	$3.04	$0.00	$0.00	$6.55	$3.57	$5.87	$3.25
Adjusted Weighted Average Basic Shares Outstanding	57.59M	58.20M	58.72M	58.95M	0.00	0.00	60.19M	60.34M	60.64M	60.81M
Adjusted Diluted Earnings per Share	$2.85	$2.70	$2.84	$3.00	$0.00	$0.00	$6.50	$3.54	$5.84	$3.23
Adjusted Weighted Average Diluted Shares Outstanding	57.59M	58.20M	58.72M	58.95M	0.00	0.00	60.19M	60.34M	60.64M	60.81M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	57.59M	58.20M	58.72M	58.95M	0.00	0.00	60.19M	60.34M	60.64M	60.81M
Normalized Net Operating Profit after Tax (NOPAT)	186	184	192	200	297	267	426	250	390	235
Normalized NOPAT Margin	8.82%	8.12%	7.86%	7.82%	10.42%	9.23%	12.73%	7.08%	9.27%	4.86%
Pre Tax Income Margin	11.03%	9.73%	10.71%	8.27%	11.82%	10.48%	15.08%	7.94%	10.91%	5.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.38	9.66	10.76	8.67	10.99	9.82	17.33	9.71	15.92	8.94
NOPAT to Interest Expense	7.40	6.96	6.93	7.33	8.07	7.99	13.85	7.80	12.68	7.17
EBIT Less CapEx to Interest Expense	10.38	9.66	10.76	8.01	10.07	9.11	16.57	8.81	15.13	7.87
NOPAT Less CapEx to Interest Expense	7.40	6.96	6.93	6.67	7.15	7.27	13.09	6.89	11.90	6.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	18.72%	21.30%	21.94%	23.53%	17.55%	22.12%	17.21%	33.85%	22.73%	45.47%
Augmented Payout Ratio	21.24%	24.45%	25.51%	27.19%	20.56%	24.98%	19.45%	42.01%	24.90%	53.02%

This table displays calculated financial ratios and metrics derived from Selective Insurance Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.50%	9.56%	18.33%	20.49%	20.96%	16.78%	16.63%	15.05%	15.19%	13.20%	10.18%
EBITDA Growth	-38.62%	-16.28%	49.60%	39.40%	82.75%	41.34%	-9.75%	-185.30%	5.08%	-22.58%	32.57%
EBIT Growth	-43.18%	-12.99%	64.20%	48.60%	113.75%	45.68%	-10.62%	-208.01%	3.53%	-24.14%	35.41%
NOPAT Growth	-42.30%	-12.60%	64.34%	48.30%	109.78%	44.31%	-10.86%	-195.67%	3.44%	-23.48%	33.18%
Net Income Growth	-42.30%	-12.60%	64.34%	48.30%	109.78%	44.31%	-10.86%	-208.04%	3.44%	-23.48%	33.18%
EPS Growth	-44.07%	-12.10%	66.29%	50.82%	115.15%	46.38%	-11.49%	-217.39%	3.52%	-24.26%	34.35%
Operating Cash Flow Growth	-3.54%	38.95%	46.49%	4.69%	-5.50%	-25.35%	-15.88%	68.57%	69.41%	40.40%	148.66%
Free Cash Flow Firm Growth	323.77%	641.45%	200.61%	-104.51%	-123.86%	-155.46%	-225.10%	-1,712.18%	-241.99%	75.38%	-113.65%
Invested Capital Growth	-14.32%	-13.09%	-3.36%	2.45%	7.38%	14.05%	10.60%	8.08%	16.74%	4.91%	18.58%
Revenue Q/Q Growth	3.53%	6.43%	5.05%	4.09%	3.93%	2.76%	4.92%	2.68%	4.06%	0.98%	2.12%
EBITDA Q/Q Growth	9.98%	78.08%	6.89%	-33.41%	44.18%	37.73%	-31.75%	-162.94%	277.61%	1.48%	16.87%
EBIT Q/Q Growth	5.48%	104.70%	6.50%	-35.38%	51.73%	39.52%	-34.66%	-178.09%	245.43%	2.23%	16.63%
NOPAT Q/Q Growth	7.60%	103.44%	7.01%	-36.69%	52.21%	39.95%	-33.91%	-167.95%	264.58%	3.53%	15.03%
Net Income Q/Q Growth	7.60%	103.44%	7.01%	-36.69%	52.21%	39.95%	-33.91%	-176.73%	245.74%	3.53%	15.03%
EPS Q/Q Growth	8.20%	109.09%	7.25%	-37.84%	54.35%	42.25%	-35.15%	-182.44%	236.11%	4.08%	15.03%
Operating Cash Flow Q/Q Growth	60.45%	31.00%	-57.17%	16.28%	44.83%	3.47%	-51.73%	133.03%	45.56%	-14.25%	-14.51%
Free Cash Flow Firm Q/Q Growth	39.27%	1.95%	-62.66%	-108.50%	-637.07%	-136.97%	15.77%	-23.18%	-39.10%	82.94%	-631.03%
Invested Capital Q/Q Growth	-5.37%	3.39%	4.66%	0.05%	-0.82%	9.82%	1.49%	-2.23%	7.13%	-1.31%	14.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	7.32%	12.25%	12.46%	7.97%	11.06%	14.82%	9.64%	-5.91%	10.09%	10.14%	11.60%
EBIT Margin	5.93%	11.40%	11.56%	7.18%	10.48%	14.23%	8.86%	-6.74%	9.42%	9.53%	10.89%
Profit (Net Income) Margin	4.79%	9.16%	9.33%	5.67%	8.31%	11.31%	7.13%	-5.33%	7.46%	7.65%	8.62%
Tax Burden Percent	80.79%	80.29%	80.67%	79.03%	79.28%	79.53%	80.45%	79.05%	79.22%	80.23%	79.13%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	19.21%	19.71%	19.33%	20.97%	20.72%	20.47%	19.55%	0.00%	20.78%	19.77%	20.87%
Return on Invested Capital (ROIC)	5.20%	9.91%	10.64%	6.98%	11.05%	14.65%	9.32%	-6.46%	10.25%	10.43%	11.12%
ROIC Less NNEP Spread (ROIC-NNEP)	5.20%	9.91%	10.64%	6.98%	11.05%	14.65%	9.32%	-7.89%	10.25%	10.43%	11.12%
Return on Net Nonoperating Assets (RNNOA)	0.98%	1.82%	1.97%	1.34%	2.20%	2.70%	1.65%	-1.43%	1.79%	1.74%	2.50%
Return on Equity (ROE)	6.17%	11.73%	12.61%	8.31%	13.25%	17.35%	10.97%	-7.89%	12.03%	12.17%	13.62%
Cash Return on Invested Capital (CROIC)	22.90%	20.90%	11.50%	6.51%	3.64%	-1.88%	0.57%	-0.70%	-8.52%	1.05%	-10.89%
Operating Return on Assets (OROA)	1.95%	3.79%	3.99%	2.57%	3.86%	5.29%	3.35%	-2.56%	3.54%	3.64%	4.11%
Return on Assets (ROA)	1.58%	3.04%	3.22%	2.03%	3.06%	4.21%	2.70%	-2.03%	2.81%	2.92%	3.25%
Return on Common Equity (ROCE)	5.71%	10.88%	11.68%	7.68%	12.20%	16.08%	10.20%	-7.32%	11.20%	11.37%	12.75%
Return on Equity Simple (ROE_SIMPLE)	9.78%	0.00%	9.78%	10.49%	12.36%	0.00%	11.81%	7.98%	7.46%	0.00%	7.19%
Net Operating Profit after Tax (NOPAT)	43	87	93	59	89	125	83	-56	92	96	110
NOPAT Margin	4.79%	9.16%	9.33%	5.67%	8.31%	11.31%	7.13%	-4.72%	7.46%	7.65%	8.62%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.43%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	94.07%	88.60%	88.44%	92.82%	89.52%	85.77%	91.14%	106.74%	90.58%	90.47%	89.11%
Earnings before Interest and Taxes (EBIT)	53	108	115	74	113	157	103	-80	116	119	139
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	65	116	124	82	119	164	112	-70	125	127	148
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.15	2.23	2.28	2.31	2.52	2.16	2.34	2.09	1.91	1.95	1.82
Price to Tangible Book Value (P/TBV)	2.15	2.24	2.29	2.32	2.53	2.16	2.35	2.09	1.92	1.95	1.82
Price to Revenue (P/Rev)	1.39	1.47	1.53	1.48	1.52	1.41	1.50	1.26	1.21	1.18	1.12
Price to Earnings (P/E)	20.96	24.10	22.37	21.04	19.38	16.68	18.97	25.36	24.99	28.74	24.72
Dividend Yield	1.41%	1.32%	1.24%	1.25%	1.18%	1.28%	1.20%	1.44%	1.50%	1.53%	1.59%
Earnings Yield	4.77%	4.15%	4.47%	4.75%	5.16%	6.00%	5.27%	3.94%	4.00%	3.48%	4.05%
Enterprise Value to Invested Capital (EV/IC)	1.87	1.94	1.99	2.01	2.18	1.92	2.07	1.86	1.73	1.74	1.58
Enterprise Value to Revenue (EV/Rev)	1.59	1.67	1.71	1.65	1.69	1.58	1.66	1.41	1.36	1.31	1.33
Enterprise Value to EBITDA (EV/EBITDA)	15.88	18.22	17.34	16.51	15.55	13.57	15.23	19.70	19.32	21.62	19.93
Enterprise Value to EBIT (EV/EBIT)	18.49	20.97	19.39	18.28	16.74	14.46	16.26	21.85	21.53	24.53	22.29
Enterprise Value to NOPAT (EV/NOPAT)	23.08	26.13	24.14	22.79	20.95	18.15	20.43	27.35	26.96	30.58	27.99
Enterprise Value to Operating Cash Flow (EV/OCF)	7.68	7.32	7.46	7.49	8.16	8.73	9.84	7.54	6.34	5.76	5.17
Enterprise Value to Free Cash Flow (EV/FCFF)	7.53	8.62	16.97	31.25	61.95	0.00	383.14	0.00	0.00	169.60	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.21	0.20	0.19	0.19	0.19	0.17	0.17	0.17	0.16	0.16	0.28
Long-Term Debt to Equity	0.21	0.20	0.19	0.19	0.19	0.17	0.17	0.17	0.16	0.16	0.28
Financial Leverage	0.19	0.18	0.19	0.19	0.20	0.18	0.18	0.18	0.17	0.17	0.22
Leverage Ratio	3.92	3.86	3.91	4.09	4.33	4.12	4.06	4.25	4.28	4.17	4.19
Compound Leverage Factor	3.92	3.86	3.91	4.09	4.33	4.12	4.06	4.25	4.28	4.17	4.19
Debt to Total Capital	17.22%	16.64%	15.89%	15.86%	16.02%	14.57%	14.34%	14.83%	13.83%	14.00%	21.70%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	17.22%	16.64%	15.89%	15.86%	16.02%	14.57%	14.34%	14.83%	13.83%	14.00%	21.70%
Preferred Equity to Total Capital	6.82%	6.60%	6.30%	6.30%	6.35%	5.78%	5.70%	5.83%	5.44%	5.51%	4.81%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	75.96%	76.76%	77.81%	77.84%	77.63%	79.64%	79.96%	79.34%	80.73%	80.49%	73.49%
Debt to EBITDA	1.46	1.56	1.39	1.30	1.15	1.03	1.06	1.57	1.54	1.73	2.74
Net Debt to EBITDA	1.44	1.49	1.29	1.25	1.11	1.00	1.03	1.54	1.50	1.52	2.41
Long-Term Debt to EBITDA	1.46	1.56	1.39	1.30	1.15	1.03	1.06	1.57	1.54	1.73	2.74
Debt to NOPAT	2.13	2.24	1.93	1.80	1.54	1.38	1.42	2.18	2.15	2.45	3.85
Net Debt to NOPAT	2.09	2.13	1.79	1.72	1.50	1.34	1.38	2.13	2.10	2.15	3.39
Long-Term Debt to NOPAT	2.13	2.24	1.93	1.80	1.54	1.38	1.42	2.18	2.15	2.45	3.85
Noncontrolling Interest Sharing Ratio	7.48%	7.26%	7.34%	7.60%	7.89%	7.30%	7.05%	7.15%	6.88%	6.59%	6.38%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	533	543	203	-17	-127	-301	-254	-313	-435	-74	-542
Operating Cash Flow to CapEx	3,160.00%	7,438.75%	2,464.05%	3,908.81%	4,385.50%	3,007.14%	1,842.33%	3,441.48%	4,118.73%	4,445.14%	2,182.33%
Free Cash Flow to Firm to Interest Expense	74.22	74.95	28.30	-2.38	-17.69	-41.90	-35.33	-43.40	-59.97	-10.23	-56.63
Operating Cash Flow to Interest Expense	33.70	43.73	18.95	21.75	31.82	32.91	15.90	36.95	53.43	45.85	29.67
Operating Cash Flow Less CapEx to Interest Expense	32.64	43.14	18.18	21.20	31.09	31.82	15.04	35.88	52.13	44.82	28.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.33	0.33	0.35	0.36	0.37	0.37	0.38	0.38	0.38	0.38	0.38
Fixed Asset Turnover	42.99	42.43	44.23	46.88	48.53	50.17	52.61	53.08	54.01	54.74	54.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,933	3,032	3,174	3,175	3,149	3,458	3,510	3,431	3,676	3,628	4,162
Invested Capital Turnover	1.08	1.08	1.14	1.23	1.33	1.30	1.31	1.37	1.37	1.36	1.29
Increase / (Decrease) in Invested Capital	-490	-457	-110	76	216	426	336	256	527	170	652
Enterprise Value (EV)	5,477	5,877	6,304	6,386	6,850	6,629	7,255	6,379	6,371	6,330	6,561
Market Capitalization	4,781	5,197	5,636	5,703	6,159	5,938	6,564	5,681	5,676	5,685	5,566
Book Value per Share	$36.92	$38.62	$40.93	$40.85	$40.36	$45.46	$46.17	$44.79	$48.79	$48.03	$50.30
Tangible Book Value per Share	$36.79	$38.49	$40.80	$40.72	$40.23	$45.33	$46.04	$44.66	$48.66	$47.90	$50.17
Total Capital	2,933	3,032	3,174	3,175	3,149	3,458	3,510	3,431	3,676	3,628	4,162
Total Debt	505	505	504	504	505	504	503	509	508	508	903
Total Long-Term Debt	505	505	504	504	505	504	503	509	508	508	903
Net Debt	496	479	468	482	491	491	491	498	496	445	795
Capital Expenditures (CapEx)	7.66	4.26	5.51	4.04	5.21	7.87	6.20	7.73	9.41	7.47	13
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.25	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	505	505	504	504	505	504	503	509	508	508	903
Total Depreciation and Amortization (D&A)	12	7.99	8.96	8.22	6.25	6.61	9.08	9.83	8.31	7.57	9.13
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.67	$1.39	$1.49	$0.93	$1.43	$2.02	$1.32	($1.08)	$1.48	$1.53	$1.77
Adjusted Weighted Average Basic Shares Outstanding	60.28M	60.34M	60.49M	60.57M	60.59M	60.64M	60.79M	60.83M	60.79M	60.81M	60.77M
Adjusted Diluted Earnings per Share	$0.66	$1.38	$1.48	$0.92	$1.42	$2.02	$1.31	($1.08)	$1.47	$1.53	$1.76
Adjusted Weighted Average Diluted Shares Outstanding	60.28M	60.34M	60.49M	60.57M	60.59M	60.64M	60.79M	60.83M	60.79M	60.81M	60.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.28M	60.34M	60.49M	60.57M	60.59M	60.64M	60.79M	60.83M	60.79M	60.81M	60.77M
Normalized Net Operating Profit after Tax (NOPAT)	47	92	102	66	94	128	95	-50	96	100	124
Normalized NOPAT Margin	5.29%	9.72%	10.31%	6.39%	8.74%	11.56%	8.20%	-4.18%	7.76%	7.99%	9.74%
Pre Tax Income Margin	5.93%	11.40%	11.56%	7.18%	10.48%	14.23%	8.86%	-6.74%	9.42%	9.53%	10.89%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.33	14.87	16.01	10.22	15.66	21.84	14.28	-11.12	16.07	16.44	14.51
NOPAT to Interest Expense	5.92	11.94	12.92	8.08	12.41	17.37	11.49	-7.79	12.73	13.19	11.48
EBIT Less CapEx to Interest Expense	6.27	14.28	15.25	9.66	14.93	20.74	13.42	-12.20	14.77	15.40	13.15
NOPAT Less CapEx to Interest Expense	4.86	11.35	12.15	7.52	11.69	16.27	10.63	-8.86	11.43	12.15	10.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.55%	33.85%	29.63%	28.06%	24.45%	22.73%	24.25%	38.25%	39.04%	45.47%	40.80%
Augmented Payout Ratio	39.20%	42.01%	37.36%	32.97%	26.92%	24.90%	26.27%	41.31%	45.67%	53.02%	55.35%

Financials Breakdown Chart

Key Financial Trends

The financial data for Selective Insurance Group (NASDAQ: SIGI) over the last four years shows several notable trends in income, expenses, cash flow, and balance sheet items:

Net income has generally increased from around $40 million in Q3 2022 to nearly $110 million in Q1 2025, showing growth in profitability.
Premiums earned steadily increased from $853.9 million in Q3 2022 to $1.16 billion in Q1 2025, indicating growth in core insurance revenues.
Net realized and unrealized capital gains on investments rose from about $38 million in Q3 2022 to over $120 million in Q1 2025, contributing significantly to non-interest income.
Operating cash flow remains strong and positive each quarter, exceeding net income by a healthy margin, with $284 million in cash from operations in Q1 2025.
Investing activities show significant purchases and sales of investments, reflecting active portfolio management to support growth and liquidity.
Interest expense on long-term debt increased from around $7.2 million in late 2022 to $9.6 million in Q1 2025, which may pressure net interest income.
Property and liability insurance claims and amortization expenses have grown notably, with claims rising from roughly $545 million in Q4 2022 to $746 million in Q1 2025, increasing cost pressures.
Treasury stock values increased (more negative), indicating ongoing share repurchases, which can impact liquidity but may support share price.
Total assets have grown from roughly $10.5 billion in Q3 2022 to $14.2 billion in Q1 2025, showing scaling of the company’s balance sheet.
Total equity also grew, from approximately $2.2 billion to $3.3 billion over this period, supporting the company’s capital base.

Summary: Selective Insurance Group displays a positive growth trend in revenue and net income, supported by increasing premiums earned and investment income. Strong operating cash flow and asset growth suggest good financial health. However, rising claim expenses, interest costs, and amortization should be monitored as they could impact margins. Overall, the company appears to be executing well but faces typical insurance industry costs pressures.

10/06/25 07:04 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Selective Insurance Group's Financials

When does Selective Insurance Group's fiscal year end?

According to the most recent income statement we have on file, Selective Insurance Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Selective Insurance Group's net income changed over the last 9 years?

Selective Insurance Group's net income appears to be on an upward trend, with a most recent value of $207.01 million in 2024, rising from $165.86 million in 2015. The previous period was $365.24 million in 2023. Find out what analysts predict for Selective Insurance Group in the coming months.

How has Selective Insurance Group's revenue changed over the last 9 years?

Over the last 9 years, Selective Insurance Group's total revenue changed from $2.11 billion in 2015 to $4.83 billion in 2024, a change of 129.1%.

How much debt does Selective Insurance Group have?

Selective Insurance Group's total liabilities were at $10.39 billion at the end of 2024, a 17.5% increase from 2023, and a 88.8% increase since 2015.

How much cash does Selective Insurance Group have?

In the past 9 years, Selective Insurance Group's cash and equivalents has ranged from $26 thousand in 2022 to $898 thousand in 2015, and is currently $91 thousand as of their latest financial filing in 2024.

How has Selective Insurance Group's book value per share changed over the last 9 years?

Over the last 9 years, Selective Insurance Group's book value per share changed from 24.44 in 2015 to 48.03 in 2024, a change of 96.5%.

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This page (NASDAQ:SIGI) was last updated on 10/6/2025 by MarketBeat.com Staff

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Selective Insurance Group (SIGI) Financials

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Selective Insurance Group (SIGI) Financials

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Quarterly Metrics And Ratios for Selective Insurance Group

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