SELECTIVE INSURANCE GROUP INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
SIGI$103.34+2.8%Stored close · as of Nov 10, 2026
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Federal Income Taxes
The following table provides information regarding federal income taxes and reconciles federal income tax at the corporate rate to the effective tax rate:
| Quarter ended March 31, | ||
|---|---|---|
| ($ in thousands) | 2024 | 2023 |
| Tax at statutory rate | $21,539 | 24,099 |
| Tax-advantaged interest | (402) | (720) |
| Dividends received deduction | (38) | (68) |
| Executive compensation | 1,323 | 740 |
| Stock-based compensation | (1,439) | (1,613) |
| Other | (935) | (253) |
| Federal income tax expense | $20,048 | 22,185 |
| Income before federal income tax, less preferred stock dividends | $100,266 | 112,459 |
| Effective tax rate | 20.0% | 19.7 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.