SELECTIVE INSURANCE GROUP INC SIGI
Selective Insurance Group, Inc. ("Parent") is a New Jersey insurance holding company incorporated in 1977. It owns ten property and casualty insurance subsidiaries ("Insurance Subsidiaries") that sell products and services only in the United States ("U.S.") and exclusively through independent insurance agents and wholesale brokers. Nine of our Insurance Subsidiaries are licensed by various state insurance departments as admitted carriers, allowing them to write specific property and casualty lines in the standard market. The tenth subsidiary is authorized as a non-admitted carrier to write property and casualty insurance in the excess and surplus ("E&S") lines market. Throughout this document, we refer to the Parent and the Insurance Subsidiaries collectively as "we," "us," or "our." We use "Parent" when appropriate to distinguish it from the Insurance Subsidiaries. Specific terms related to the property and casualty industry are defined in a glossary attached as Exhibit 99.1 to this Form 10-K.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.34B | $4.86B | $4.23B | $3.56B | $3.38B | $2.92B | $2.85B | $2.59B | $2.47B | $2.28B |
| Pre-tax income | $589.6M | $258.0M | $458.4M | $280.2M | $505.3M | $303.0M | $336.4M | $211.7M | $262.0M | $220.0M |
| Income tax | $123.2M | $51.0M | $93.2M | $55.3M | $101.5M | $56.6M | $64.8M | $32.8M | $93.1M | $61.5M |
| Net income | $466.4M | $207.0M | $365.2M | $224.9M | $403.8M | $246.4M | $271.6M | $178.9M | $168.8M | $158.5M |
| EPS, basic | 7.54 | 3.25 | 5.87 | 3.57 | 6.55 | 4.12 | 4.57 | 3.04 | 2.89 | 2.74 |
| EPS, diluted | 7.49 | 3.23 | 5.84 | 3.54 | 6.50 | 4.09 | 4.53 | 3.00 | 2.84 | 2.70 |
| Shares, diluted (wtd. avg.) | $61.1M | $61.3M | $61.0M | $60.9M | $60.7M | $60.3M | $60.0M | $59.7M | $59.4M | $58.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.0M | $63.0M | $13.3M | $25.2M | $45.1M | $15.2M | $8.0M | $16.9M | $44.7M | $37.4M |
| Property, plant and equipment | $106.4M | $93.3M | $83.3M | $84.3M | $82.1M | $77.7M | $77.4M | $65.2M | $64.0M | $69.6M |
| Goodwill | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M |
| Total assets | $15.16B | $13.51B | $11.80B | $10.80B | $10.46B | $9.69B | $8.80B | $7.95B | $7.69B | $7.36B |
| Short-term debt | — | — | — | — | — | — | — | — | — | $0 |
| Long-term debt | — | $507.9M | $503.9M | $504.7M | $506.1M | $550.7M | $550.6M | $439.5M | $439.1M | $438.7M |
| Total liabilities | $11.55B | $10.39B | $8.85B | $8.27B | $7.48B | $6.95B | $6.60B | $6.16B | $5.97B | $5.82B |
| Retained earnings | $3.50B | $3.14B | $3.03B | $2.75B | $2.60B | $2.27B | $2.08B | $1.86B | $1.70B | $1.57B |
| Total equity | $3.61B | $3.12B | $2.95B | $2.53B | $2.98B | $2.74B | $2.19B | $1.79B | $1.71B | $1.53B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.23B | $1.10B | $758.9M | $802.4M | $771.4M | $554.0M | $477.5M | $454.9M | $379.5M | $329.5M |
| Depreciation and amortisation | $32.7M | $34.8M | $30.0M | $42.3M | $55.1M | $59.4M | $55.2M | $44.9M | $52.1M | $61.7M |
| Stock-based compensation | $23.1M | $22.8M | $18.3M | $18.4M | $15.9M | $16.2M | $19.1M | $14.5M | $12.1M | $10.4M |
| Capital expenditure | $38.7M | $30.8M | $22.6M | $26.0M | $22.2M | $22.1M | $31.0M | $16.1M | — | — |
| Investing cash flow | -$1.49B | -$947.4M | -$686.4M | -$734.4M | -$618.8M | -$688.2M | -$543.6M | -$435.7M | -$332.7M | -$320.7M |
| Financing cash flow | $207.5M | -$102.8M | -$84.5M | -$87.8M | -$122.8M | $141.4M | $57.2M | -$47.0M | -$39.6M | $15.9M |
| Dividends paid | $92.9M | $84.9M | $73.8M | $66.9M | $60.1M | $54.5M | $47.7M | $42.1M | $37.0M | $33.8M |
| Buybacks | $92.6M | $15.6M | $7.9M | $18.3M | $9.1M | $7.1M | $8.2M | $6.6M | $6.0M | $5.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000230557-26-000006.
Others in SIC 6331
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|---|---|---|---|---|
| CB | Chubb Ltd | $132.49B | 13.3x | 6.5% |
| PGR | PROGRESSIVE CORP/OH/ | $127.29B | 11.4x | 16.3% |
| TRV | TRAVELERS COMPANIES, INC. | $77.04B | 13.5x | 5.2% |
| ALL | ALLSTATE CORP | $65.63B | 6.8x | 5.6% |
| AIG | AMERICAN INTERNATIONAL GROUP, INC. | $39.85B | 14.0x | -1.7% |
| HIG | HARTFORD INSURANCE GROUP, INC. | $37.48B | 10.4x | 3.3% |
| ACGL | ARCH CAPITAL GROUP LTD. | $33.47B | 8.5x | 14.3% |
| CINF | CINCINNATI FINANCIAL CORP | $26.26B | 11.3x | 11.4% |