SELECTIVE INSURANCE GROUP INC
For the period ended Dec 31, 2024. Filed Feb 10, 2025.
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FY2024 · Filed Feb 10, 2025
SIGI$103.34+2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
| Consolidated Balance Sheets | ||
|---|---|---|
| December 31, | ||
| ($ in thousands, except share amounts) | 2024 | 2023 |
| ASSETS | ||
| Investments: | ||
| Fixed income securities, held-to-maturity – at carrying value (fair value: $24,735 – 2024; $21,923 – 2023) | $25,375 | 22,700 |
| Less: allowance for credit losses | — | — |
| Fixed income securities, held-to-maturity, net of allowance for credit losses | 25,375 | 22,700 |
| Fixed income securities, available-for-sale – at fair value (allowance for credit losses: $31,948 – 2024; $28,212 – 2023; amortized cost: $8,476,078 – 2024; $7,880,697 – 2023) | 8,127,334 | 7,499,197 |
| Commercial mortgage loans – at carrying value (fair value: $224,842 – 2024; $178,913 – 2023) | 233,774 | 188,708 |
| Less: allowance for credit losses | (66) | (291) |
| Commercial mortgage loans, net of allowance for credit losses | 233,708 | 188,417 |
| Equity securities – at fair value (cost: $211,486 – 2024; $183,076 – 2023) | 213,601 | 187,155 |
| Short-term investments | 509,318 | 309,317 |
| Alternative investments | 440,896 | 395,779 |
| Other investments | 101,065 | 91,164 |
| Total investments (Notes 5 and 7) | 9,651,297 | 8,693,729 |
| Cash | 91 | 180 |
| Restricted cash | 62,933 | 13,092 |
| Accrued investment income | 76,892 | 66,339 |
| Premiums receivable | 1,488,206 | 1,331,979 |
| Less: allowance for credit losses (Note 8) | (20,400) | (18,900) |
| Premiums receivable, net of allowance for credit losses | 1,467,806 | 1,313,079 |
| Reinsurance recoverable | 1,063,145 | 658,525 |
| Less: allowance for credit losses (Note 9) | (2,000) | (1,700) |
| Reinsurance recoverable, net of allowance for credit losses | 1,061,145 | 656,825 |
| Prepaid reinsurance premiums (Note 9) | 235,378 | 203,320 |
| Deferred federal income tax (Note 14) | 146,788 | 140,237 |
| Property and equipment – at cost, net of accumulated depreciation and amortization of: $287,685 – 2024; $271,409 – 2023 | 93,303 | 83,272 |
| Deferred policy acquisition costs (Note 2) | 479,304 | 424,864 |
| Goodwill (Note 12) | 7,849 | 7,849 |
| Other assets | 231,403 | 199,760 |
| Total assets | $13,514,189 | 11,802,546 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Liabilities: | ||
| Reserve for loss and loss expense (Note 10) | $6,589,801 | 5,336,911 |
| Unearned premiums | 2,616,268 | 2,330,656 |
| Long-term debt (Note 11) | 507,938 | 503,946 |
| Current federal income tax (Note 14) | 19,706 | 6,251 |
| Accrued salaries and benefits | 121,662 | 122,003 |
| Other liabilities | 538,738 | 548,398 |
| Total liabilities | $10,394,113 | 8,848,165 |
| Stockholders’ Equity: | ||
| 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 – 2024 and 2023 | $200,000 | 200,000 |
| Common stock of $2 par value per share: | ||
| Issued: 105,609,364 – 2024; 105,223,307 – 2023 | 211,219 | 210,447 |
| Additional paid-in capital | 557,042 | 522,748 |
| Retained earnings | 3,139,489 | 3,029,396 |
| Accumulated other comprehensive income (loss) (Note 6) | (336,845) | (373,001) |
| Treasury stock – at cost (shares: 44,761,468 – 2024; 44,586,870 – 2023) | (650,829) | (635,209) |
| Total stockholders’ equity | 3,120,076 | 2,954,381 |
| Commitments and contingencies (Notes 19 and 20) | ||
| Total liabilities and stockholders’ equity | $13,514,189 | 11,802,546 |
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