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Selective Insurance (SIGI)

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
CEO
John Marchioni
Employees
Incorporated
Location
Fiscal year end
SEC CIK
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

Calendar

5 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
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

Beta Read what these cash burn values mean

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
81.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 249 242 +2.9%
Opened positions 33 33
Closed positions 26 27 -3.7%
Increased positions 89 86 +3.5%
Reduced positions 89 86 +3.5%
13F shares Current Prev Q Change
Total value 4.38B 4.02B +8.9%
Total shares 49.32M 49.08M +0.5%
Total puts 0 0
Total calls 9.9K 8.9K +11.2%
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 6.86M $612.76M +0.3%
Vanguard 5.75M $513.44M +1.3%
TROW T. Rowe Price 2.93M $261.67M -1.5%
MCQEF Macquarie 2.67M $238.41M +2.6%
STT State Street 2M $178.9M +6.2%
Alliancebernstein 1.82M $162.43M +10.1%
Dimensional Fund Advisors 1.47M $131.37M +1.5%
Champlain Investment Partners 1.44M $129M -5.2%
BEN Franklin Resources 1.33M $118.46M -3.2%
BK Bank Of New York Mellon 1.11M $99.32M -4.8%
Largest transactions Shares Bought/sold Change
Lord, Abbett & Co. 570.45K +570.45K NEW
Norges Bank 0 -569.52K EXIT
Victory Capital Management 995.37K -313.82K -24.0%
CFS Investment Advisory Services 307.89K +303.98K +7772.4%
FMR 286.66K +286.03K +44901.9%
Balyasny Asset Management 219.05K +219.05K NEW
Eaton Vance Management 998.84K +212.09K +27.0%
JHG Janus Henderson 1M -185.19K -15.6%
Alliancebernstein 1.82M +166.3K +10.1%
Cooke & Bieler 343.74K -149.77K -30.3%

Financial report summary

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Competition
National General
Risks
  • 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

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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