SIGI Selective Insurance Dashboard

Selective Insurance Group, Inc. provides property and casualty insurance products. It operates through the following segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. The Standard Commercial Lines segment offers insurance products and services to commercial customers, such as non-profit organizations and local government agencies. The Standard Personal Lines segment comprises of insurance products and services, including flood insurance coverage. The E&S Lines segment includes insurance products and services provided to customers who are not obtained coverage in the standard marketplace. The Investments segment invests the premiums collected by various segments; and engages in the issuance of debt and equity securities. Selective Insurance Group was founded by Daniel L. B. Smith in 1926 and is headquartered in Branchville, NJ.

Company profile

Ticker

SIGI, SIGIP

Exchange

NASDAQ

Website

www.selective.com/

CEO

John Marchioni

Incorporated

New Jersey

Location

New Jersey

Fiscal year end

Dec 31

Sector

Finance and Insurance > Direct Property and Casualty Insurance Carriers

Industry (SIC)

Fire, Marine & Casualty Insurance

Hartford Financial Services • Berkshire Hathaway • Allstate Corp (The) • Travelers Companies • Chubb Limited • Loews • CNA Financial • American International • American Financial • Progressive ...

SEC CIK

0000230557

Corporate docs

Articles of Incorporation & Bylaws

IRS number

222168890

SIGI stock data

S&P 500

1M 1Y 2Y 5Y

News

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Insurance Stocks Moving In Thursday's Intraday Session

29 Apr 21

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Cincinnati Financial (NASDAQ: CINF) stock increased by 3.82% to $110.84 during Thursday's

Stocks That Hit 52-Week Highs On Thursday

29 Apr 21

Before 10 a.m. ET on Thursday, 441 companies set new 52-week highs.

Selective Insurance Group Q1 EPS $1.70 Beats $1.06 Estimate

28 Apr 21

Selective Insurance Group (NASDAQ:SIGI) reported quarterly earnings of $1.70 per share which beat the analyst consensus estimate of $1.06 by 60.38 percent. This is a 102.38 percent increase over earnings of $0.84 per

Earnings Scheduled For April 28, 2021

28 Apr 21

JMP Securities Maintains Market Outperform on Selective Insurance Gr, Raises Price Target to $80

16 Apr 21

Press releases

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Selective Reports Excellent First Quarter 2021 Results, Including Net Income of $1.77 per Diluted Common Share, Annualized Return on Common Equity ("ROE") of 16.8%, Non-GAAP Operating Income(1) of $1.70 per Diluted Common Share, and a Non-GAAP Operating ROE(1) of 16.2%

28 Apr 21

BRANCHVILLE, N.J., April 28, 2021 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ:SIGI) today reported financial results for the first quarter ended March 31, 2021, with net income per diluted common share of

Selective Leads All Insurance Carriers With Number Of Employees Who Are Certified Praesidium Guardians Trained To Advise Customers On Abuse Prevention

15 Apr 21

BRANCHVILLE, N.J., April 15, 2021 /PRNewswire/ – Selective Insurance today announced that 24 Selective employees have received the Certified Praesidium Guardian™ designation. This designation certifies that these

Selective Study Finds 87% of U.S. Drivers Have Engaged in Various Distracted Driving Behaviors Recently

13 Apr 21

BRANCHVILLE, N.J., April 13, 2021 /PRNewswire/ -- Nearly nine in ten U.S. drivers (87%) have engaged in various distracted driving behaviors while operating a vehicle for personal reasons in the past 90 days, according

Selective Insurance Group, Inc. Schedules Earnings Release and Conference Call to Announce 1st Quarter 2021 Results

5 Apr 21

Great Place to Work® and Fortune Name Selective Insurance One of the 2021 Best Workplaces in Financial Services & Insurance™, Ranking #38

25 Mar 21

Calendar

29 Apr 21

14 Jun 21

31 Dec 21

Financial summary

Financial statements Chart SIGI financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	8.92M	8.92M	8.92M	8.92M	8.92M	8.92M
Cash burn (monthly)	2.11M	474.17K	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	5.2M	1.17M	n/a	n/a	n/a	n/a
Cash remaining	3.72M	7.75M	n/a	n/a	n/a	n/a
Runway (months of cash)	1.8	16.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

SIGI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
9 Jun 21	Morrissey Michael J.	Common Stock	Sell	Dispose S	No	No	74.99	3,000	224.97K	20,829.255
21 May 21	Rue William M	Common Stock	Sell	Dispose S	No	No	77	15,000	1.16M	334,243.322
30 Apr 21	Cavanaugh Terrence W	Common Stock	Grant	Aquire A	No	No	0	2,168	0	11,109.073
30 Apr 21	Bacus Lisa R	Common Stock	Grant	Aquire A	No	No	0	1,051	0	1,051
30 Apr 21	Ainar D Aijala JR	Common Stock	Grant	Aquire A	No	No	0	2,168	0	2,168

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

SIGI institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

79.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	230	237	-3.0%
Opened positions	26	36	-27.8%
Closed positions	33	30	+10.0%
Increased positions	72	72	–
Reduced positions	96	88	+9.1%

13F shares	Current	Prev Q	Change
Total value	3.45B	3.43B	+0.6%
Total shares	47.49M	48.15M	-1.4%
Total puts	0	13.8K	EXIT
Total calls	24K	10.3K	+133.0%
Total put/call ratio	–	1.3	–

Largest owners	Shares	Value	Change
BLK Blackrock	7.07M	$513.02M	+5.9%
Vanguard	5.51M	$399.67M	+3.1%
TROW T. Rowe Price	2.72M	$197.51M	+2.0%
MCQEF Macquarie	2.69M	$195.46M	-4.2%
STT State Street	1.86M	$134.56M	-1.4%
Champlain Investment Partners	1.51M	$109.59M	+1.7%
Dimensional Fund Advisors	1.46M	$106.32M	-4.4%
Alliancebernstein	1.45M	$105.12M	+0.7%
SAMG Silvercrest Asset Management	1.21M	$88.08M	-10.8%
JHG Janus Henderson	1.2M	$87.14M	-9.0%

Largest transactions	Shares	Bought/sold	Change
Atlanta Capital Management Co L L C	792.97K	+792.97K	NEW
Norges Bank	0	-702K	EXIT
TimesSquare Capital Management	0	-637.51K	EXIT
BLK Blackrock	7.07M	+394.01K	+5.9%
IVZ Invesco	218.22K	-213.63K	-49.5%
Cooke & Bieler	642.03K	+211.12K	+49.0%
Prospector Partners	37.57K	-198.1K	-84.1%
Vanguard	5.51M	+168.05K	+3.1%
SAMG Silvercrest Asset Management	1.21M	-147.27K	-10.8%
BAC Bank Of America	489.41K	+143.42K	+41.5%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

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 may be eliminated by the end of 2021.
We are subject to the types of 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 First Quarter 2021, NPW increased 23% from a year ago, of which 12 points were due to the COVID-19-related $75 million return audit and mid-term endorsement premium accrual that reduced First Quarter 2020 NPW. NPW growth included overall renewal pure price increases of 5.4% and higher commercial lines retention. This solid growth continues to reflect the strong relationships we have with our best-in-class distribution partners, our sophisticated underwriting and pricing tools, and excellent customer servicing capabilities.
For additional qualitative reserve development discussion, please refer to the insurance segment sections below in "Results of Operations and Related Information by Segment."
The underwriting expense ratio decreased 3.1 points in First Quarter 2021 compared to First Quarter 2020, primarily driven by a 1.6-point change related to our allowance for credit losses on premiums receivable. We increased this allowance by $10.5 million during 2020 due to heightened credit risk resulting from the COVID-19-related billing accommodations we offered customers that increased earned but uncollected premiums during the year. This credit risk returned to pre-COVID-19 levels in 2021, and the allowance did not require further adjustment in First Quarter 2021. The existing allowance is expected to be sufficient to cover anticipated write-offs that will occur over the corresponding collections cycle, which could last more than a year. In addition, our underwriting expense ratio decreased 1.1 points in First Quarter 2021, compared to the same prior-year period, due to temporary expense reductions in labor and travel expenses as a result of COVID-19.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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From filing 10-Q 2021 Q1