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Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of third-party bodily injury and/or property damage from an insured's negligent acts, omissions, and legal liabilities; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products. The company also invests in fixed income investments and commercial mortgage loans, as well as equity securities, short-term investments, and alternative investments, and other investments. It 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.3B | $639M | $466M | $1.2B | 12.9% | 9.8% | 125.3% |
| 2024 | $4.9B | $287M | $207M | $1.1B | 6.6% | 14.9% | -43.3% |
| 2023 | $4.2B | $487M | $365M | $736M | 12.4% | 18.9% | 62.4% |
| 2022 | $3.6B | $309M | $225M | $776M | 8.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 3,558.18 | 4,232.28 | 4,861.45 | 5,337.09 |
| EBIT | 309.03 | 487.21 | 286.91 | 638.92 |
| Pretax Income | 280.19 | 458.41 | 258.03 | 589.60 |
| Tax Provision | 55.30 | 93.17 | 51.02 | 123.19 |
| Net Income | 224.89 | 365.24 | 207.01 | 466.41 |
| Net Income Common Stockholders | 215.69 | 356.04 | 197.81 | 457.21 |
| Total Expenses | 3,277.99 | 3,773.87 | 4,603.41 | 4,747.49 |
| Interest Expense | 28.85 | 28.80 | 28.88 | 49.32 |
| Selling General And Administration | 31.12 | 0 | 0 | 0 |
| Normalized Income | 224.89 | 365.24 | 207.01 | 466.41 |
| Basic EPS | 3.57 | 5.87 | 3.25 | 7.54 |
| Diluted EPS | 3.54 | 5.84 | 3.23 | 7.49 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.20 | 0.21 | 0.20 | 0.21 |
| Net Income From Continuing Operation Net Minority Interest | 224.89 | 365.24 | 207.01 | 466.41 |
| Reconciled Depreciation | 42.34 | 30.04 | 34.80 | 32.67 |
| Net Interest Income | -28.85 | -28.80 | -28.88 | -49.32 |
| Net Income From Continuing And Discontinued Operation | 224.89 | 365.24 | 207.01 | 466.41 |
| Diluted Average Shares | 60.90 | 61 | 61.30 | 61.06 |
| Basic Average Shares | 60.34 | 60.64 | 60.85 | 60.62 |
| Diluted NI Availto Com Stockholders | 215.69 | 356.04 | 197.81 | 457.21 |
| Preferred Stock Dividends | 9.20 | 9.20 | 9.20 | 9.20 |
| Net Income Including Noncontrolling Interests | 224.89 | 365.24 | 207.01 | 466.41 |
| Net Income Continuous Operations | 224.89 | 365.24 | 207.01 | 466.41 |
| Other Income Expense | 11.34 | 19.40 | 31.11 | 29.25 |
| Net Non Operating Interest Income Expense | -28.85 | -28.80 | -28.88 | -49.32 |
| Interest Expense Non Operating | 28.85 | 28.80 | 28.88 | 49.32 |
| Other Operating Expenses | 31.23 | 30.86 | 34.38 | 36.61 |
| General And Administrative Expense | 31.12 | 0 | 0 | 0 |
| Other Gand A | 31.12 | 0 | 0 | 0 |
| Operating Revenue | 3,558.18 | 4,232.28 | 4,861.45 | 5,337.09 |
| Loss Adjustment Expense | 2,512.09 | 2,918.03 | 3,617.72 | 3,659.18 |
| Net Policyholder Benefits And Claims | 2,512.09 | 2,918.03 | 3,617.72 | 3,659.18 |
| Policyholder Benefits Gross | 2,961.11 | 3,191.62 | 4,384.24 | 4,092.38 |
| Policyholder Benefits Ceded | 449.02 | 273.60 | 766.52 | 433.19 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Selective Insurance Group, Inc.this co. | SIGI | $5.1B | 11.58 | 1.50 | 12.9% | 8.65 |
| Hancock Whitney Corporation | HWC | $5.4B | 13.68 | 1.22 | 10.9% | - |
| Home BancShares, Inc. | HOMB | $5.4B | 10.91 | 1.20 | 11.1% | - |
| Associated Banc-Corp | ASB | $5.3B | 9.67 | 0.95 | 9.5% | - |
| Nelnet, Inc. | NNI | $5.1B |
| 12.10 |
| 1.39 |
| 12.0% |
| - |
| PennyMac Financial Services, Inc. | PFSI | $4.6B | 9.59 | 1.08 | 11.6% | - |
| First Financial Bankshares, Inc. | FFIN | $4.6B | 17.30 | 2.36 | 13.2% | - |
| Miami International Holdings, Inc. | MIAX | $4.5B | - | 4.63 | -7.9% | 28.06 |
| International Bancshares Corporation | IBOC | $4.4B | 10.75 | 1.36 | 12.7% | - |
| Peer Median | - | 10.91 | 1.29 | 11.3% | 28.06 | |