Selective Insurance Group, Inc. is a holding company for 10 property and casualty insurance companies rated 'A' (Excellent) by A.M. Best. Through independent agents, the insurance companies offer standard and specialty insurance for commercial and personal risks and flood insurance through the National Flood Insurance Program's Write Your Own Program. Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including the Fortune 1000 and being named as one of 'America's Best Mid-Size Employers' in 2019 by Forbes Magazine.

Company profile
Ticker
SIGI, SIGIP
Exchange
Website
CEO
John Marchioni
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Mesa Underwriters Specialty Insurance Company • Selective Auto Insurance Company • Selective Casualty Insurance Company • Selective Fire and Casualty Insurance Company • Selective Insurance Company • Selective Way Insurance Company • SRM Insurance Brokerage, LLC. • Wantage Avenue Holding Company, Inc. ...
IRS number
222168890
SIGI stock data
Press releases
SELECTIVE INSURANCE STUDY FINDS LESS THAN HALF OF BUSINESS OWNERS HAVE INCREASED INSURANCE LIMITS TO ACCOUNT FOR INFLATION
10 May 22
Selective Reports Strong First Quarter 2022 Results, Including Net Income of $0.89 per Diluted Common Share and Non-GAAP Operating Income(1) of $1.41 per Diluted Common Share
4 May 22
Selective Insurance Group, Inc. Schedules Earnings Release and Conference Call to Announce First Quarter 2022 Results
5 Apr 22
SELECTIVE INSURANCE AND ADVOCATES FOR HIGHWAY AND AUTO SAFETY RELEASE NATIONAL SURVEY LEADING INTO DISTRACTED DRIVING AWARENESS MONTH
30 Mar 22
Calendar
5 May 22
26 Jun 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 17.88M | 17.88M | 17.88M | 17.88M | 17.88M | 17.88M |
Cash burn (monthly) | 9.06M | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 26M | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -8.12M | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -0.9 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jun 22 | Thebault J Brian | Common Stock | Sell | Dispose S | No | No | 77.6013 | 13,584 | 1.05M | 54,760.814 |
6 May 22 | Ainar D Aijala JR | Common Stock | Grant | Acquire A | No | No | 0 | 1,172 | 0 | 3,354.065 |
6 May 22 | Nicholson Cynthia S | Common Stock | Grant | Acquire A | No | No | 0 | 2,282 | 0 | 26,481.008 |
6 May 22 | Stephen Mills | Common Stock | Grant | Acquire A | No | No | 0 | 1,172 | 0 | 2,237.065 |
6 May 22 | McCarthy Thomas A | Common Stock | Grant | Acquire A | No | No | 0 | 2,282 | 0 | 13,143.781 |
Institutional ownership, Q1 2022
81.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 249 |
Opened positions | 33 |
Closed positions | 26 |
Increased positions | 89 |
Reduced positions | 89 |
13F shares | Current |
---|---|
Total value | 4.38B |
Total shares | 49.32M |
Total puts | 0 |
Total calls | 9.9K |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 6.86M | $612.76M |
Vanguard | 5.75M | $513.44M |
TROW T. Rowe Price | 2.93M | $261.67M |
MCQEF Macquarie | 2.67M | $238.41M |
STT State Street | 2M | $178.9M |
Alliancebernstein | 1.82M | $162.43M |
Dimensional Fund Advisors | 1.47M | $131.37M |
Champlain Investment Partners | 1.44M | $129M |
BEN Franklin Resources | 1.33M | $118.46M |
BK Bank Of New York Mellon | 1.11M | $99.32M |
Financial report summary
?Competition
National GeneralRisks
- We are subject to losses from catastrophic events.
- Our ability to reduce our risk exposure depends on the availability and cost of reinsurance.
- We may be subject to potentially significant losses from acts of terrorism.
- We are exposed to credit risk.
- We depend on distribution partners.
- National and global economic conditions could adversely and materially affect our business, results of operations, financial condition, and growth.
- A downgrade or a potential downgrade in our financial strength or credit ratings could result in a loss of business and could have a material adverse effect on our financial condition and results of operations.
- We have less loss experience data than our larger competitors.
- We are subject to various modeling risks that could have a material adverse impact on our business results.
- Our investments are exposed to credit risk, interest rate fluctuation, and changes in value.
- We have securities tied to LIBOR, which will be eliminated on June 30, 2023.
- We are subject to the risks inherent in investing in private limited partnerships.
- The determination of the amount of credit losses taken on our investments is highly subjective and could materially impact our results of operations or our financial position.
- We are engaged in ordinary routine legal proceedings incidental to our insurance operations that, because litigation outcomes are inherently unpredictable, could impact our reputation and/or have a material adverse effect on our consolidated results of operations or cash flows in particular quarterly or annual periods.
- We are a holding company, and our ability to declare dividends to our shareholders, pay indebtedness, and enter into affiliate transactions may be limited because our Insurance Subsidiaries are regulated.
- Because we are a New Jersey corporation and an insurance holding company, we may be less attractive to potential acquirers and the value of our common stock could be adversely affected.
- We, our distribution partners, and our vendors are subject to attempted cyber-attacks, other cybersecurity risks, and system availability risk.
- Our long-term strategy to deploy operational leverage is dependent on the success of our risk management strategies, and their failure could have a material adverse effect on our financial condition or results of operations.
Management Discussion
- In addition, our NPW growth in First Quarter 2022 benefited from strong retention and exposure growth driven by increased economic activity in the U.S., which resulted in our customers increasing their sales, payrolls, and exposure units, all of which favorably impacted our NPW.
- The increase in NPE in First Quarter 2022 compared to First Quarter 2021 resulted from the same impacts to the NPW increase described above.
- The loss and loss expense ratio increased 3.8 points in First Quarter 2022 compared to First Quarter 2021, primarily due to the following:
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
ABS, appetite, assumption, broker, case, chain, CLO, commodity, comprised, constantly, correct, Deploying, domestically, effort, enterprise, exacerbating, FHLB, forecast, forma, foundational, harbor, illiquidity, incorporated, industry, inflationary, lack, lessen, negatively, older, opportunity, outflow, pressure, prevailing, pro, prove, PSLRA, Range, refinanced, reoccur, reset, Russia, Russian, safe, sale, separate, sequentially, slightly, small, spread, stronger, transaction, transparency, Ukraine, unobservable, utilization, utilized, volatility, war, widening, writer
Removed:
AA, accrual, achieve, adjustment, allocate, anticipated, assert, assume, attractive, audit, auditable, August, auto, balancing, billing, calculate, cancellation, carry, caution, charge, charged, compensate, compute, consideration, consistent, decline, deferral, delayed, deposited, designated, determined, discontinued, DPW, enactment, endorsement, entitled, establishment, excellent, expectation, gain, grew, hail, identifiable, identified, illustrated, improvement, individualized, inherent, January, July, long, lost, maintaining, managed, managing, matching, monitored, multiple, opportunistic, partnership, payment, payroll, percentage, practice, prospective, protection, putative, recoverability, reinstatement, routine, shift, Simplifying, sophisticated, suspended, suspending, Tennessee, tightening, tornado, uncollected, wallet, WYO
Financial reports
Current reports
8-K
Regulation FD Disclosure
13 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
6 May 22
8-K
Results of Operations and Financial Condition
4 May 22
8-K
INVESTOR PRESENTATION February 2022 1
14 Feb 22
8-K
Results of Operations and Financial Condition
3 Feb 22
8-K
Quarterly Dividend Increased 12%, to $0.28 per share
27 Oct 21
8-K
Investor Presentation September 2021 1
9 Sep 21
8-K
Results of Operations and Financial Condition
28 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
30 Apr 21
8-K
Results of Operations and Financial Condition
28 Apr 21
Registration and prospectus
424B3
Prospectus supplement
12 Nov 21
S-3ASR
Automatic shelf registration
3 Jun 21
S-8
Registration of securities for employees
30 Apr 21
8-A12B
Registration of securities on exchange
8 Dec 20
424B2
Prospectus for primary offering
4 Dec 20
FWP
Free writing prospectus
2 Dec 20
POSASR
Automatic shelf registration (post-effective amendment)
2 Dec 20
424B5
Prospectus supplement for primary offering
2 Dec 20
POS AM
Prospectus update (post-effective amendment)
2 Dec 20
424B2
Prospectus for primary offering
2 Nov 20
Other
UPLOAD
Letter from SEC
6 Jan 21
CORRESP
Correspondence with SEC
4 Jan 21
UPLOAD
Letter from SEC
17 Dec 20
CERT
Certification of approval for exchange listing
8 Dec 20
UPLOAD
Letter from SEC
12 Jul 15
CORRESP
Correspondence with SEC
28 May 15
UPLOAD
Letter from SEC
19 May 15
CORRESP
Correspondence with SEC
30 Apr 15
UPLOAD
Letter from SEC
22 Apr 15
UPLOAD
Letter from SEC
1 Apr 13
Ownership
4
SELECTIVE INSURANCE / J BRIAN THEBAULT ownership change
2 Jun 22
4
SELECTIVE INSURANCE / PHILIP HUGH URBAN ownership change
9 May 22
4
SELECTIVE INSURANCE / J BRIAN THEBAULT ownership change
9 May 22
4
SELECTIVE INSURANCE / JOHN STEPHEN SCHEID ownership change
9 May 22
4
SELECTIVE INSURANCE / WILLIAM M RUE ownership change
9 May 22
4
SELECTIVE INSURANCE / Cynthia S Nicholson ownership change
9 May 22
4
SELECTIVE INSURANCE / Stephen Mills ownership change
9 May 22
4
SELECTIVE INSURANCE / Thomas A McCarthy ownership change
9 May 22
4
SELECTIVE INSURANCE / Michael J. Morrissey ownership change
9 May 22
4
SELECTIVE INSURANCE / H Elizabeth Mitchell ownership change
9 May 22
Transcripts
2022 Q1
Earnings call transcript
7 May 22
2021 Q4
Earnings call transcript
4 Feb 22
2021 Q3
Earnings call transcript
30 Oct 21
2021 Q2
Earnings call transcript
31 Jul 21
2021 Q1
Earnings call transcript
1 May 21
2020 Q4
Earnings call transcript
29 Jan 21
2020 Q3
Earnings call transcript
31 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
9 May 20
2019 Q4
Earnings call transcript
31 Jan 20
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