Selective Insurance Group, Inc. (SIGI) financial statements (2023 and earlier)

Company profile

Business Address 40 WANTAGE AVENUE
BRANCHVILLE, NJ 07890
State of Incorp. NJ
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments784721356472166222
Cash and cash equivalents000110
Short-term investments783720355472166222
Restricted cash and investments4515816  
Total current assets:828735363488166222
Noncurrent Assets
Finance lease, right-of-use asset511
Operating lease, right-of-use asset364027
Property, plant and equipment827877656470
Intangible assets, net (including goodwill)888888
Goodwill888888
Total noncurrent assets:131126113737277
Other undisclosed assets9,5028,8268,3217,3917,4497,056
TOTAL ASSETS:10,4619,6888,7977,9537,6867,356
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1431  
Taxes payable 1431  
Due to related parties   011
Total current liabilities: 143211
Noncurrent Liabilities
Liabilities, other than long-term debt1327    
Deferred income tax liabilities1327 
Total noncurrent liabilities:1327    
Other undisclosed liabilities7,4656,9086,5996,1595,9735,824
Total liabilities:7,4796,9496,6026,1615,9735,824
Stockholders' equity
Stockholders' equity attributable to parent2,9832,7392,1951,7921,7131,531
Preferred stock200200    
Common stock209208207206205203
Treasury stock, value(609)(600)(593)(585)(578)(572)
Additional paid in capital464439419390368347
Accumulated other comprehensive income (loss)11522082(78)20(16)
Retained earnings2,6032,2722,0811,8581,6991,569
Total stockholders' equity:2,9832,7392,1951,7921,7131,531
TOTAL LIABILITIES AND EQUITY:10,4619,6888,7977,9537,6867,356

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues3,3792,9222,8462,5862,4702,284
Financial services revenue2,3022,150
Cost of revenue(2,440)(2,196)(2,087)(1,993)(1,814)(1,235)
Policyholder benefits and claims incurred, net(1,814)(1,636)(1,551)(1,498)
Deferred policy acquisition costs, amortization expense(626)(560)(536)(495)(469) 
Financial services costs(1,345)(1,235)
Gross profit:9397267595936561,049
Operating expenses(404)(392)(389)(357)(369)(43)
Operating income:5343343702362861,006
Interest and debt expense(29)(31)(34)(24)(24)(23)
Income from continuing operations before equity method investments, income taxes:505303336212262984
Other undisclosed loss from continuing operations before income taxes     (764)
Income from continuing operations before income taxes:505303336212262220
Income tax expense(101)(57)(65)(33)(93)(61)
Net income attributable to parent:404246272179169158
Preferred stock dividends and other adjustments(9)     
Net income available to common stockholders, basic:394246272179169158
Dilutive securities, effect on basic earnings per share     1
Net income available to common stockholders, diluted:394246272179169159

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:404246272179169158
Other comprehensive income (loss)(105)138160(73)36(7)
Comprehensive income, net of tax, attributable to parent:299385431106205152

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: