← SELECTIVE INSURANCE GROUP INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $158.5m |
$168.8m
+6.52%
|
$178.9m
+5.99%
|
$271.6m
+51.80%
|
$246.4m
-9.30%
|
$403.8m
+63.92%
|
$224.9m
-44.31%
|
$365.2m
+62.41%
|
$207.0m
-43.32%
|
$466.4m
+125.31%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $158.5m |
$168.8m
+6.52%
|
$178.9m
+5.99%
|
$271.6m
+51.80%
|
$246.4m
-9.30%
|
$394.5m
+60.13%
|
$215.7m
-45.32%
|
$356.0m
+65.07%
|
$197.8m
-44.44%
|
$457.2m
+131.13%
|
— | |
| Depreciation, Amortization and Accretion, Net | $61.7m | $52.1m | $44.9m | $55.2m | $59.4m | $55.1m | $42.3m | $30.0m | $34.8m | $32.7m | $34.4m | |
| Deferred Policy Acquisition Costs, Amortization Expense | $450.3m | $469.2m | $495.0m | $536.0m | $560.3m | $626.5m | $705.8m | $796.2m | $922.4m | $1.0b | — | |
| Depreciation | $17.4m | $17.8m | $19.5m | $18.7m | $21.5m | $24.3m | $24.6m | $24.7m | $26.5m | $26.3m | $34.4m | |
| Share-based Payment Arrangement, Noncash Expense | $10.4m | $12.1m | $14.5m | $19.1m | $16.2m | $15.9m | $18.4m | $18.3m | $22.8m | $23.1m | $23.7m | |
| Share-based Payment Arrangement, Expense | $30.3m | $31.2m | $19.3m | $24.5m | $19.8m | $22.3m | $23.6m | $23.0m | $26.5m | $26.5m | $23.7m | |
| Stock-based compensation expense | $10.4m | $12.1m | $14.5m | $19.1m | $16.2m | $15.9m | $18.4m | $18.3m | $22.8m | $23.1m | $23.7m | |
| Undistributed gains of equity method investments | ($2.3m) | ($6.4m) | ($8.3m) | ($12.8m) | ($12.4m) | ($69.9m) | ($12.9m) | ($17.1m) | ($17.8m) | ($13.2m) | — | |
| Distributions in excess of current year income of equity method investments | $0 | $552k | $2.9m | $2.8m | $3.5m | $2.9m | $43.2m | $16.1m | $16.8m | $17.0m | — | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $2 | $6 | $8 | $13 | $12 | $70 | $13 | $17 | $18 | $13 | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $1.2b | $1.3b | $1.5b | $1.6b | $1.6b | $1.8b | $2.1b | $2.5b | $3.2b | $3.2b | — | |
| Increase in unearned premiums, net of prepaid reinsurance | $87.7m | $79.6m | $78.1m | $82.3m | $91.3m | $172.5m | $200.2m | $306.9m | $253.6m | $98.3m | — | |
| Increase in accrued investment income | ($1.5m) | ($1.1m) | ($540k) | ($3.2m) | ($158k) | ($3.2m) | ($10.9m) | ($7.2m) | ($10.6m) | ($15.1m) | — | |
| Increase (decrease) in accrued salaries and benefits | ($46.5m) | ($5.7m) | ($26.4m) | ($3.7m) | ($13.3m) | $7.2m | ($3.1m) | $6.4m | $588k | $18.8m | — | |
| Increase (Decrease) in Other Operating Assets | $30.1m | $9.9m | $372k | $39.3m | $27.9m | $33.4m | $37.6m | $23.2m | $34.0m | $87.3m | — | |
| Increase in other assets | ($30.1m) | ($9.9m) | ($372k) | ($39.3m) | ($27.9m) | ($33.4m) | ($37.6m) | ($23.2m) | ($34.0m) | ($87.3m) | — | |
| Increase (decrease) in other liabilities | $9.2m | $27.3m | ($13.3m) | $35.0m | $27.9m | $78.1m | $49.9m | $16.3m | ($13.2m) | $14.6m | — | |
| Net Cash Provided by (Used in) Operating Activities | $301.8m |
$370.7m
+22.85%
|
$454.9m
+22.71%
|
$477.5m
+4.96%
|
$554.0m
+16.03%
|
$771.4m
+39.23%
|
$802.4m
+4.02%
|
$758.9m
-5.42%
|
$1.1b
+44.93%
|
$1.2b
+12.10%
|
$1.2b
-0.04%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($18.1m) | ($14.1m) | ($16.1m) | ($31.0m) | $22.1m | $22.2m | $26.0m | $22.6m | $30.8m | $38.7m | ($43.5m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | ($998k) | ($63k) | ($42k) | ($22k) | ($50k) | ($172k) | $6k | ($334k) | $69k | $1.9m | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $641.5m | $555.2m | $638.9m | $626.7m | $1.0b | $1.2b | $669.2m | $509.2m | $997.2m | $1.2b | — | |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | $5.0m | $8.1m | $34.6m | $4.1m | $6.6m | $4.9m | — | |
| Unrealized Gain (Loss) on Investments | — | — | ($3.1m) | $1.2m | $7.9m | $16.5m | ($10.5m) | $3.6m | ($66k) | $10.1m | ($28.8m) | |
| Purchases of alternative investments and other investments | ($66.2m) | ($55.8m) | ($68.6m) | ($64.9m) | ($79.6m) | ($85.0m) | ($73.4m) | ($97.6m) | ($92.2m) | ($109.5m) | — | |
| Purchases of short-term investments | ($3.5b) | ($4.3b) | ($4.3b) | ($6.1b) | ($5.8b) | ($4.3b) | ($4.5b) | ($4.5b) | ($9.8b) | ($13.4b) | — | |
| Sales of short-term investments | $3.5b | $4.3b | $4.1b | $6.1b | $5.6b | $4.3b | $4.5b | $4.6b | $9.6b | $13.2b | — | |
| Sales of other investments | $0 | $0 | $3.5m | $18.0m | $5.4m | $5.4m | $3.3m | $900k | $0 | $44.6m | — | |
| Distributions from alternative investments and other investments | $26.8m | $23.4m | $28.4m | $20.0m | $24.9m | $17.5m | $18.7m | $11.0m | $26.7m | $39.3m | — | |
| Gain (Loss) on Investments | — | — | ($54.9m) | $14.4m | ($4.2m) | $17.6m | ($114.8m) | ($3.6m) | ($2.9m) | $8.3m | $21.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($318.1m) | ($331.1m) | ($435.7m) | ($543.6m) | ($688.2m) | ($618.8m) | ($734.4m) | ($686.4m) | ($947.4m) | ($1.5b) | ($1.0b) | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Gain (Loss) | — | — | ($19.0m) | $26.7m | $9.1m | $7.1m | ($31.6m) | ($24.9m) | — | — | — | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | — | — | — | — | — | $6.3m | ($1.2m) | — | |
| Proceeds from borrowings | $165.0m | $84.0m | $130.0m | $355.8m | $587.0m | $0 | $60.0m | $20.0m | $0 | $396.0m | — | |
| Repayment of borrowings | ($115.0m) | ($84.0m) | ($130.0m) | ($250.0m) | ($587.0m) | ($50.0m) | ($60.0m) | ($20.0m) | $0 | ($100k) | — | |
| Payments for Repurchase of Common Stock | $5.0m | $6.0m | $6.6m | $8.2m | $7.1m | $9.1m | $18.3m | $7.9m | $15.6m | $92.6m | — | |
| Payments of Ordinary Dividends, Common Stock | $34 | $37 | $42 | $48 | $54 | $60 | $67 | $74 | $85 | $93 | ($106.8m) | |
| Dividends to common stockholders | ($34) | ($37) | ($42) | ($48) | ($54) | ($60) | ($67) | ($74) | ($85) | ($93) | — | |
| Dividends to preferred stockholders | — | — | $0 | $0 | $0 | ($9.4m) | ($9.2m) | ($9.2m) | ($9.2m) | ($9.2m) | — | |
| Net Cash Provided by (Used in) Financing Activities | $15.9m |
($39.6m)
-349.29%
|
($47.0m)
-18.86%
|
$57.2m
+221.55%
|
$141.4m
+147.25%
|
($122.8m)
-186.86%
|
($87.8m)
+28.49%
|
($84.5m)
+3.79%
|
($102.8m)
-21.62%
|
$207.5m
+301.92%
|
($235.5m)
-213.52%
|
|
| Net increase (decrease) in cash and restricted cash | $24.7m | $7.3m | ($27.8m) | ($8.9m) | $7.3m | $29.8m | ($19.9m) | ($11.9m) | $49.8m | ($45.1m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $7.0m | — | — | — | — | — | — | — | — | $10.9m | |
| Cash and restricted cash, beginning of year | $37.4m | $44.7m | $16.9m | $8.0m | $15.2m | $45.1m | $25.2m | $13.3m | $63.0m | $18.0m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $16.9m | $8.0m | $15.2m | $45.1m | $25.2m | $13.3m | $63.0m | $18.0m | $10.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | — | $26.6m | $28.4m | $28.5m | $43.6m | — | |
| Income Taxes Paid, Net | $46.4m | $62.0m | $29.2m | $55.8m | $47.0m | $100.0m | $75.0m | $79.7m | $49.0m | $132.5m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($29.4m) | ($8.6m) | $7.9m | $17.9m | ($32.1m) | $9.5m | ($2.0m) | $12.2m | — | |
| Gain (Loss) on Disposition of Business | $0 | — | — | — | — | — | — | — | — | — | — | |
| Goodwill | $7.8m | $7.8m | $7.8m | $7.8m | $7.8m | $7.8m | $7.8m | $7.8m | $7.8m | $7.8m | — | |
| Income Tax Expense (Benefit) | $61.5m | $93.1m | $32.8m | $64.8m | $56.6m | $101.5m | $55.3m | $93.2m | $51.0m | $123.2m | — | |
| Operating Costs and Expenses | — | $36.3m | $25.4m | $30.9m | $25.4m | $28.3m | $31.1m | $30.7m | $34.6m | $36.4m | — | |
| Operating Lease, Expense | — | — | — | $8.8m | $9.5m | $7.9m | $8.1m | — | — | — | — | |
| Realized Investment Gains (Losses) | ($4.9m) | $6.4m | ($25.6m) | $23.1m | — | — | — | — | — | — | — | |
| Net realized and unrealized (gains) losses | $4.9m | ($6.4m) | $54.9m | ($14.4m) | $4.2m | ($17.6m) | $114.8m | $3.6m | $2.9m | ($8.3m) | — | |
| Loss (gain) on disposal of fixed assets | $0 | $998k | $63k | $42k | $22k | $50k | $172k | ($6k) | $334k | ($69k) | — | |
| Increase in reserve for loss and loss expense, net of reinsurance recoverable | $114.4m | $106.2m | $168.3m | $149.2m | $181.8m | $308.0m | $381.2m | $318.1m | $848.6m | $781.2m | — | |
| (Increase) decrease in net federal income taxes | $11.2m | $30.9m | $2.4m | $7.7m | $7.7m | ($542k) | ($25.9m) | $9.1m | ($2.7m) | ($16.1m) | — | |
| Increase in premiums receivable | ($66.4m) | ($65.4m) | ($23.5m) | ($53.4m) | ($13.2m) | ($109.2m) | ($140.5m) | ($227.4m) | ($154.7m) | ($66.1m) | — | |
| Increase in deferred policy acquisition costs | ($9.4m) | ($12.5m) | ($17.6m) | ($18.6m) | ($17.4m) | ($38.3m) | ($41.7m) | ($56.2m) | ($54.4m) | ($13.0m) | — | |
| Purchases of fixed income securities, held-to-maturity | ($4.2m) | $0 | ($7.2m) | $0 | $0 | ($16.2m) | ($6.7m) | $0 | ($6.8m) | ($2.4m) | — | |
| Purchases of fixed income securities, available-for-sale | ($2.0b) | ($2.1b) | ($2.9b) | ($1.9b) | ($1.7b) | ($2.2b) | ($2.6b) | ($2.4b) | ($2.5b) | ($3.3b) | — | |
| Purchases of commercial mortgage loans | — | — | — | — | ($46.5m) | ($50.2m) | ($64.0m) | ($42.1m) | ($56.9m) | ($75.0m) | — | |
| Purchases of equity securities | — | — | — | ($46.4m) | ($230.8m) | ($88.6m) | ($26.7m) | ($24.2m) | ($46.2m) | ($160.8m) | — | |
| Sales of fixed income securities, available-for-sale | $926.5m | $1.2b | $2.0b | $594.7m | $487.1m | $502.9m | $1.2b | $1.2b | $917.3m | $920.3m | — | |
| Proceeds from commercial mortgage loans | — | — | $0 | $0 | $201k | $714k | $10.5m | $2.7m | $11.8m | $27.6m | — | |
| Redemption and maturities of fixed income securities, held-to-maturity | $102.9m | $58.8m | $12.1m | $16.1m | $3.9m | $4.2m | $4.4m | $8.5m | $4.1m | $3.8m | — | |
| Redemption and maturities of fixed income securities, available-for-sale | $641.5m | $555.2m | $638.9m | $626.7m | $1.0b | $1.2b | $669.2m | $509.2m | $997.2m | $1.2b | — | |
| Sales of equity securities | — | — | — | $137.3m | $1.3m | $99.2m | $186.1m | $53.3m | $19.4m | $21.3m | — | |
| Acquisition of treasury stock | ($5.0m) | ($6.0m) | ($6.6m) | ($8.2m) | ($7.1m) | ($9.1m) | ($18.3m) | ($7.9m) | ($15.6m) | ($92.6m) | — | |
| Net proceeds from stock purchase and compensation plans | $7.8m | $7.6m | $7.3m | $8.2m | $8.4m | $8.0m | $9.1m | $9.1m | $9.6m | $9.0m | — | |
| Repayment of finance lease obligations | — | ($4.1m) | ($5.6m) | ($977k) | ($550k) | ($1.8m) | ($2.4m) | ($2.7m) | ($2.6m) | ($2.7m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.