SELECTIVE INSURANCE GROUP INC's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), SELECTIVE INSURANCE GROUP INC reported revenue of $5.3B (+9.8% year on year) and net income of $466.4M (+125.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net premiums earned | $4.8B | $4.4B | $3.8B | $3.4B |
| Net investment income earned | $531.1M | $457.1M | $388.6M | $288.2M |
| Net realized and unrealized investment gains (losses) | $8.3M | ($2.9M) | ($3.6M) | ($114.8M) |
| Other income | $29.3M | $31.1M | $19.4M | $11.3M |
| Total revenues | $5.3B | $4.9B | $4.2B | $3.6B |
| Loss and loss expense incurred | $3.2B | $3.2B | $2.5B | $2.1B |
| Amortization of deferred policy acquisition costs | $1.0B | $922.4M | $796.2M | $705.8M |
| Other insurance expenses | $501.5M | $453.2M | $433.7M | $400.3M |
| Interest expense | $49.3M | $28.9M | $28.8M | $28.8M |
| Corporate expenses | $36.4M | $34.6M | $30.7M | $31.1M |
| Total expenses | $4.7B | $4.6B | $3.8B | $3.3B |
| Income before income tax | $589.6M | $258.0M | $458.4M | $280.2M |
| Current | $136.6M | $67.4M | $94.0M | $78.3M |
| Deferred | ($13.4M) | ($16.3M) | ($848.0K) | ($23.0M) |
| Total income tax expense | $123.2M | $51.0M | $93.2M | $55.3M |
| Net income | $466.4M | $207.0M | $365.2M | $224.9M |
| Preferred stock dividends | $9.2M | $9.2M | $9.2M | $9.2M |
| Net income available to common stockholders | $457.2M | $197.8M | $356.0M | $215.7M |
| Net income available to common stockholders - Basic (in dollars per share) | $7.54 | $3.25 | $5.87 | $3.57 |
| Net income available to common stockholders - Diluted (in dollars per share) | $7.49 | $3.23 | $5.84 | $3.54 |
| Line item | Sep 30, 2026 · Q3 | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 |
|---|---|---|---|---|
| Net premiums earned | $1.2B | $1.2B | $1.2B | $1.2B |
| Net investment income earned | $160.5M | $150.2M | $142.4M | $138.7M |
| Net realized and unrealized investment gains (losses) | ($19.4M) | $12.0M | ($8.3M) | $8.1M |
| Other income | $5.1M | $9.4M | $7.6M | $8.7M |
| Total revenues | $1.3B | $1.4B | $1.4B | $1.4B |
| Loss and loss expense incurred | $762.7M | $816.3M | $815.5M | $819.0M |
| Amortization of deferred policy acquisition costs | $241.4M | $248.1M | $253.4M | $250.2M |
| Other insurance expenses | $143.8M | $136.2M | $134.7M | $127.5M |
| Interest expense | $13.2M | $13.2M | $13.2M | $13.3M |
| Corporate expenses | $3.1M | $10.5M | $17.9M | $4.4M |
| Total expenses | $1.2B | $1.2B | $1.2B | $1.2B |
| Income (loss) before income tax | $162.1M | $162.8M | $124.2M | $145.7M |
| Current | $39.2M | $37.0M | $30.4M | $39.5M |
| Deferred | ($5.7M) | ($3.6M) | ($3.9M) | ($9.2M) |
| Total income tax expense (benefit) | $33.4M | $33.5M | $26.5M | $30.4M |
| Net income (loss) | $128.7M | $129.4M | $97.7M | $115.3M |
| Preferred stock dividends | $2.3M | $2.3M | $2.3M | $2.3M |
| Net income (loss) available to common stockholders, basic | $126.4M | $127.1M | $95.4M | $113.0M |
| Net income (loss) available to common stockholders, diluted | $126.4M | $127.1M | $95.4M | $113.0M |
| Net income (loss) available to common stockholders - Basic (in dollars per share) | $2.13 | $2.13 | $1.59 | $1.87 |
| Net income (loss) available to common stockholders - Diluted (in dollars per share) | $2.11 | $2.11 | $1.58 | $1.85 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Fixed income securities, held-to-maturity – at carrying value (fair value: $23,939 – 2025; $24,735 – 2024) | $23.9M | $25.4M | $22.7M | $31.2M |
| Less: allowance for credit losses | $0 | $0 | $0 | $0 |
| Fixed income securities, held-to-maturity, net of allowance for credit losses | $23.9M | $25.4M | $22.7M | $31.2M |
| Fixed income securities, available-for-sale – at fair value (allowance for credit losses: $31,287 – 2025; $31,948 – 2024; amortized cost: $9,576,878 – 2025; $8,476,078 – 2024) | $9.5B | $8.1B | $7.5B | $6.6B |
| Commercial mortgage loans – at carrying value (fair value: $274,895 – 2025; $224,842 – 2024) | $277.9M | $233.8M | $188.7M | — |
| Less: allowance for credit losses | ($213.0K) | ($66.0K) | ($291.0K) | ($116.0K) |
| Commercial mortgage loans, net of allowance for credit losses | $277.7M | $233.7M | $188.4M | $149.2M |
| Equity securities – at fair value (cost: $370,104 – 2025; $211,486 – 2024) | $384.4M | $213.6M | $187.2M | $162.0M |
| Short-term investments | $648.5M | $509.3M | $309.3M | $440.5M |
| Alternative investments | $418.5M | $440.9M | $395.8M | $371.3M |
| Other investments | $92.2M | $101.1M | $91.2M | $71.2M |
| Total investments (Notes 5 and 7) | $11.3B | $9.7B | $8.7B | $7.8B |
| Cash | $346.0K | $91.0K | $180.0K | $26.0K |
| Restricted cash | $17.6M | $62.9M | $13.1M | $25.2M |
| Accrued investment income | $92.0M | $76.9M | $66.3M | $59.2M |
| Premiums receivable | $1.6B | $1.5B | $1.3B | $1.1B |
| Less: allowance for credit losses (Note 8) | ($21.3M) | ($20.4M) | ($18.9M) | ($16.1M) |
| Premiums receivable, net of allowance for credit losses | $1.5B | $1.5B | $1.3B | $1.1B |
| Reinsurance recoverable | $917.5M | $1.1B | $658.5M | $784.4M |
| Less: allowance for credit losses (Note 9) | ($2.0M) | ($2.0M) | ($1.7M) | ($1.6M) |
| Reinsurance recoverable, net of allowance for credit losses | $915.5M | $1.1B | $656.8M | $782.8M |
| Prepaid reinsurance premiums (Note 9) | $266.3M | $235.4M | $203.3M | $172.4M |
| Deferred federal income tax (Note 14) | $110.9M | $146.8M | $140.2M | $172.7M |
| Property and equipment – at cost, net of accumulated depreciation and amortization of: $297,211 – 2025; $287,685 – 2024 | $106.4M | $93.3M | $83.3M | $84.3M |
| Deferred policy acquisition costs (Note 2) | $492.3M | $479.3M | $424.9M | $368.6M |
| Goodwill (Note 12) | $7.8M | $7.8M | $7.8M | $7.8M |
| Other assets | $310.2M | $231.4M | $199.8M | $202.5M |
| Total assets | $15.2B | $13.5B | $11.8B | $10.8B |
| Reserve for loss and loss expense (Note 10) | $7.2B | $6.6B | $5.3B | $5.1B |
| Unearned premiums | $2.7B | $2.6B | $2.3B | $2.0B |
| Long-term debt (Note 11) | $901.9M | $507.9M | $503.9M | $504.7M |
| Current federal income tax (Note 14) | $16.9M | $19.7M | $0 | $3.5M |
| Accrued salaries and benefits | $140.8M | $121.7M | $122.0M | $115.2M |
| Other liabilities | $516.2M | $538.7M | $548.4M | $517.2M |
| Total liabilities | $11.5B | $10.4B | $8.8B | $8.3B |
| Preferred stock of $0 par value per share (Note 17): Authorized shares: 5,000,000; Issued shares: 8,000 with $25,000 liquidation preference per share – 2025 and 2024 | $200000000.00 | $200000000.00 | $200000000.00 | $200000000.00 |
| Common stock of $2 par value per share: Authorized shares 360,000,000 Issued: 106,006,544 – 2025; 105,609,364 – 2024 | $212013000.00 | $211219000.00 | $210447000.00 | $209694000.00 |
| Additional paid-in capital | $591.3M | $557.0M | $522.7M | $493.5M |
| Retained earnings | $3.5B | $3.1B | $3.0B | $2.7B |
| Accumulated other comprehensive income (loss) (Note 6) | ($151.7M) | ($336.8M) | ($373.0M) | ($498.0M) |
| Treasury stock – at cost (shares: 45,930,091 – 2025; 44,761,468 – 2024) | -743.4M | -650.8M | -635.2M | -627.3M |
| Total stockholders’ equity | $3.6B | $3.1B | $3.0B | $2.5B |
| Total liabilities and stockholders’ equity | $15.2B | $13.5B | $11.8B | $10.8B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 |
|---|---|---|---|---|
| Fixed income securities, held-to-maturity – at carrying value (fair value: $20,984 – 2026; $23,939 – 2025) | $21.9M | $20.1M | $21.3M | $24.2M |
| Less: allowance for credit losses | $0 | $0 | $0 | $0 |
| Fixed income securities, held-to-maturity, net of allowance for credit losses | $21.9M | $20.1M | $21.3M | $24.2M |
| Fixed income securities, available-for-sale – at fair value (allowance for credit losses: $51,561 – 2026 and $31,287 – 2025; amortized cost: $10,382,993 – 2026 and $9,576,878 – 2025) | $9.8B | $9.9B | $9.7B | $9.3B |
| Commercial mortgage loans – at carrying value (fair value: $279,076 – 2026 and $274,895 – 2025) | $290.5M | $273.2M | $273.9M | $273.7M |
| Less: allowance for credit losses | ($2.9M) | ($3.5M) | ($206.0K) | ($207.0K) |
| Commercial mortgage loans, net of allowance for credit losses | $287.6M | $269.7M | $273.7M | $273.5M |
| Equity securities – at fair value (cost: $341,199 – 2026; $370,104 – 2025) | $359.1M | $413.1M | $388.3M | $380.1M |
| Short-term investments | $391.7M | $378.9M | $451.8M | $587.9M |
| Alternative investments | $505.2M | $473.9M | $431.4M | $417.1M |
| Other investments | $111.1M | $111.4M | $96.9M | $93.3M |
| Total investments (Note 4 and 5) | $11.5B | $11.6B | $11.4B | $11.1B |
| Cash | $928.0K | $557.0K | $176.0K | $430.0K |
| Restricted cash | $14.4M | $10.4M | $10.7M | $23.7M |
| Accrued investment income | $104.3M | $101.6M | $93.7M | $86.8M |
| Premiums receivable | $1.6B | $1.7B | $1.6B | $1.6B |
| Less: allowance for credit losses (Note 6) | ($30.8M) | ($24.1M) | ($22.4M) | ($21.6M) |
| Premiums receivable, net of allowance for credit losses | $1.5B | $1.6B | $1.6B | $1.6B |
| Reinsurance recoverable | $1.1B | $954.2M | $909.7M | $949.4M |
| Less: allowance for credit losses (Note 7) | ($2.0M) | ($2.0M) | ($2.0M) | ($2.0M) |
| Reinsurance recoverable, net of allowance for credit losses | $1.1B | $952.2M | $907.7M | $947.4M |
| Prepaid reinsurance premiums | $289.5M | $273.1M | $266.9M | $274.4M |
| Deferred federal income tax | $214.5M | $137.9M | $133.7M | $113.0M |
| Property and equipment – at cost, net of accumulated depreciation and amortization of: $317,147 – 2026; $297,211 – 2025 | $130.4M | $116.5M | $109.9M | $102.4M |
| Deferred policy acquisition costs | $470.7M | $484.6M | $491.2M | $510.3M |
| Goodwill | $7.8M | $7.8M | $7.8M | $7.8M |
| Other assets | $315.7M | $314.8M | $326.7M | $245.4M |
| Total assets | $15.7B | $15.6B | $15.3B | $15.0B |
| Reserve for loss and loss expense (Note 8) | $8.0B | $7.7B | $7.4B | $7.1B |
| Unearned premiums | $2.7B | $2.8B | $2.8B | $2.8B |
| Long-term debt | $901.5M | $901.0M | $901.4M | $902.3M |
| Current federal income tax | $4.2M | $1.9M | $44.8M | $567.0K |
| Accrued salaries and benefits | $141.3M | $122.2M | $115.2M | $131.8M |
| Other liabilities | $487.0M | $482.6M | $500.4M | $539.1M |
| Total liabilities | $12.3B | $12.0B | $11.7B | $11.5B |
| Preferred stock | $200.0M | $200.0M | $200.0M | $200.0M |
| Common stock | $212.6M | $212.5M | $212.4M | $211.9M |
| Additional paid-in capital | $619.1M | $614.7M | $605.6M | $584.4M |
| Retained earnings | $3.8B | $3.7B | $3.6B | $3.4B |
| Accumulated other comprehensive income (loss) (Note 11) | ($491.8M) | ($225.1M) | ($222.6M) | ($167.3M) |
| Treasury stock – at cost (shares: 47,288,070 – 2026; 45,930,091 – 2025) | -866.4M | -810.8M | -778.5M | -712.9M |
| Total stockholders’ equity | $3.4B | $3.7B | $3.6B | $3.5B |
| Total liabilities and stockholders’ equity | $15.7B | $15.6B | $15.3B | $15.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $466.4M | $207.0M | $365.2M | $224.9M |
| Depreciation and amortization | $32.7M | $34.8M | $30.0M | $42.3M |
| Stock-based compensation expense | $23.1M | $22.8M | $18.3M | $18.4M |
| Undistributed gains of equity method investments | ($13.2M) | ($17.8M) | ($17.1M) | ($12.9M) |
| Distributions in excess of current year income of equity method investments | $17.0M | $16.8M | $16.1M | $43.2M |
| Net realized and unrealized (gains) losses | ($8.3M) | $2.9M | $3.6M | $114.8M |
| Loss (gain) on disposal of fixed assets | ($69.0K) | $334.0K | ($6.0K) | $172.0K |
| Increase in reserve for loss and loss expense, net of reinsurance recoverable | $781.2M | $848.6M | $318.1M | $381.2M |
| Increase in unearned premiums, net of prepaid reinsurance | $98.3M | $253.6M | $306.9M | $200.2M |
| (Increase) decrease in net federal income taxes | ($16.1M) | ($2.7M) | $9.1M | ($25.9M) |
| Increase in premiums receivable | ($66.1M) | ($154.7M) | ($227.4M) | ($140.5M) |
| Increase in deferred policy acquisition costs | ($13.0M) | ($54.4M) | ($56.2M) | ($41.7M) |
| Increase in accrued investment income | ($15.1M) | ($10.6M) | ($7.2M) | ($10.9M) |
| Increase (decrease) in accrued salaries and benefits | $18.8M | $588.0K | $6.4M | ($3.1M) |
| Increase in other assets | ($87.3M) | ($34.0M) | ($23.2M) | ($37.6M) |
| Increase (decrease) in other liabilities | $14.6M | ($13.2M) | $16.3M | $49.9M |
| Net cash provided by (used in) operating activities | $1.2B | $1.1B | $758.9M | $802.4M |
| Purchases of fixed income securities, held-to-maturity | ($2.4M) | ($6.8M) | $0 | ($6.7M) |
| Purchases of fixed income securities, available-for-sale | ($3.3B) | ($2.5B) | ($2.4B) | ($2.6B) |
| Purchases of commercial mortgage loans | ($75.0M) | ($56.9M) | ($42.1M) | ($64.0M) |
| Purchases of equity securities | ($160.8M) | ($46.2M) | ($24.2M) | ($26.7M) |
| Purchases of alternative investments and other investments | ($109.5M) | ($92.2M) | ($97.6M) | ($73.4M) |
| Purchases of short-term investments | ($13.4B) | ($9.8B) | ($4.5B) | ($4.5B) |
| Sales of fixed income securities, available-for-sale | $920.3M | $917.3M | $1.2B | $1.2B |
| Proceeds from commercial mortgage loans | $27.6M | $11.8M | $2.7M | $10.5M |
| Sales of short-term investments | $13.2B | $9.6B | $4.6B | $4.5B |
| Redemption and maturities of fixed income securities, held-to-maturity | $3.8M | $4.1M | $8.5M | $4.4M |
| Redemption and maturities of fixed income securities, available-for-sale | $1.2B | $997.2M | $509.2M | $669.2M |
| Sales of equity securities | $21.3M | $19.4M | $53.3M | $186.1M |
| Sales of other investments | $44.6M | $0 | $900.0K | $3.3M |
| Distributions from alternative investments and other investments | $39.3M | $26.7M | $11.0M | $18.7M |
| Purchases of property and equipment | ($38.7M) | ($30.8M) | ($22.6M) | ($26.0M) |
| Net cash provided by (used in) investing activities | ($1.5B) | ($947.4M) | ($686.4M) | ($734.4M) |
| Dividends to preferred stockholders | ($9.2M) | ($9.2M) | ($9.2M) | ($9.2M) |
| Dividends to common stockholders | ($92.9M) | ($84.9M) | ($73.8M) | ($66.9M) |
| Acquisition of treasury stock | ($92.6M) | ($15.6M) | ($7.9M) | ($18.3M) |
| Net proceeds from stock purchase and compensation plans | 9.0M | 9.6M | 9.1M | 9.1M |
| Proceeds from borrowings | $396.0M | $0 | $20.0M | $60.0M |
| Repayment of borrowings | ($100.0K) | $0 | ($20.0M) | ($60.0M) |
| Repayment of finance lease obligations | ($2.7M) | ($2.6M) | ($2.7M) | ($2.4M) |
| Net cash provided by (used in) financing activities | $207.5M | ($102.8M) | ($84.5M) | ($87.8M) |
| Net increase (decrease) in cash and restricted cash | ($45.1M) | $49.8M | ($11.9M) | ($19.9M) |
| Cash and restricted cash, beginning of year | $63.0M | $13.3M | $25.2M | $45.1M |
| Cash and restricted cash, end of year | $18.0M | $63.0M | $13.3M | $25.2M |
| Line item | Sep 30, 2026 · YTD | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | $355.7M | $227.1M | $97.7M | $311.2M |
| Depreciation and amortization | $25.5M | $17.4M | $9.6M | $23.7M |
| Stock-based compensation expense | $21.6M | $18.2M | $13.1M | $20.5M |
| Undistributed gains of equity method investments | ($22.0M) | ($11.9M) | ($7.0M) | ($11.7M) |
| Distributions in excess of current year income of equity method investments | $9.4M | $8.1M | $6.0M | $12.8M |
| Net realized and unrealized (gains) losses | $15.8M | ($3.7M) | $8.3M | ($12.5M) |
| (Gain) loss on disposal of fixed assets | $0 | $0 | $0 | ($72.0K) |
| Increase in reserve for loss and loss expense, net of reinsurance recoverable | $570.2M | $419.3M | $200.8M | $600.3M |
| Increase (decrease) in unearned premiums, net of prepaid reinsurance | ($43.9M) | $13.5M | $8.3M | $185.5M |
| Increase in net federal income taxes | ($25.9M) | ($26.3M) | $24.0M | ($31.6M) |
| Increase in premiums receivable | ($15.8M) | ($103.8M) | ($48.3M) | ($148.7M) |
| (Increase) decrease in deferred policy acquisition costs | $21.6M | $7.7M | $1.1M | ($31.0M) |
| Increase in accrued investment income | ($12.3M) | ($9.6M) | ($1.7M) | ($9.9M) |
| Increase in accrued salaries and benefits | $495.0K | ($18.6M) | ($25.6M) | $10.2M |
| Increase in other assets | ($13.0M) | ($11.2M) | ($12.7M) | ($15.0M) |
| Decrease in other liabilities | ($69.8M) | ($75.8M) | ($52.1M) | ($46.9M) |
| Net cash provided by (used in) operating activities | $817.7M | $450.4M | $221.4M | $856.8M |
| Purchases of fixed income securities, held-to-maturity | ($2.2M) | $0 | $0 | ($2.4M) |
| Purchases of fixed income securities, available-for-sale | ($2.9B) | ($2.0B) | ($999.0M) | ($2.5B) |
| Purchases of commercial mortgage loans | ($38.3M) | ($20.2M) | ($4.8M) | ($63.2M) |
| Purchases of equity securities | ($10.6M) | ($7.4M) | ($2.4M) | ($141.2M) |
| Purchases of alternative investments and other investments | ($105.1M) | ($74.2M) | ($21.4M) | ($83.4M) |
| Purchases of short-term investments | ($6.5B) | ($4.5B) | ($2.2B) | ($10.7B) |
| Sales of fixed income securities, available-for-sale | $1.1B | $788.7M | $342.4M | $779.7M |
| Proceeds from commercial mortgage loans | $25.7M | $24.9M | $8.8M | $18.0M |
| Sales of short-term investments | $6.8B | $4.7B | $2.4B | $10.6B |
| Redemption and maturities of fixed income securities, held-to-maturity | $4.2M | $3.8M | $2.7M | $3.5M |
| Redemption and maturities of fixed income securities, available-for-sale | $1.0B | $694.7M | $314.0M | $902.7M |
| Sales of equity securities | $55.1M | $0 | $0 | $7.1M |
| Sales of alternative investments and other investments | $46.0K | $62.0K | ($2.0K) | $44.6M |
| Distributions from alternative investments and other investments | $19.7M | $15.9M | $7.8M | $27.9M |
| Purchases of property and equipment | ($45.3M) | ($25.0M) | ($10.9M) | ($28.8M) |
| Net cash provided by (used in) investing activities | ($618.2M) | ($338.2M) | ($166.1M) | ($1.2B) |
| Dividends to preferred stockholders | ($6.9M) | ($4.6M) | ($2.3M) | ($6.9M) |
| Dividends to common stockholders | ($74.7M) | ($49.9M) | ($24.8M) | ($67.7M) |
| Acquisition of treasury stock | ($123.0M) | ($67.4M) | ($35.0M) | ($62.1M) |
| Net proceeds from stock purchase and compensation plans | 4.5M | 4.0M | 421.0K | 5.3M |
| Proceeds from borrowings (net of debt issuance costs of $4.1 million in 2025) | $0 | $0 | $0 | $396.0M |
| Repayments of borrowings | $0 | — | — | ($100.0K) |
| Repayments of finance lease obligations | ($2.0M) | ($1.3M) | ($665.0K) | ($2.1M) |
| Net cash provided by (used in) financing activities | ($202.1M) | ($119.2M) | ($62.4M) | $262.4M |
| Net increase (decrease) in cash and restricted cash | ($2.6M) | ($7.0M) | ($7.1M) | ($38.9M) |
| Cash and restricted cash, beginning of period | $18.0M | $18.0M | $18.0M | $63.0M |
| Cash and restricted cash, end of period | $15.4M | $10.9M | $10.9M | $24.2M |
SELECTIVE INSURANCE GROUP INC score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.