Company Quick10K Filing
Quick10K
Selective Insurance Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$70.76 59 $4,190
10-Q 2019-06-30 Quarter: 2019-06-30
10-Q 2019-03-31 Quarter: 2019-03-31
10-K 2018-12-31 Annual: 2018-12-31
10-Q 2018-09-30 Quarter: 2018-09-30
10-Q 2018-06-30 Quarter: 2018-06-30
10-Q 2018-03-31 Quarter: 2018-03-31
10-K 2017-12-31 Annual: 2017-12-31
10-Q 2017-09-30 Quarter: 2017-09-30
10-Q 2017-06-30 Quarter: 2017-06-30
10-Q 2017-03-31 Quarter: 2017-03-31
10-K 2016-12-31 Annual: 2016-12-31
10-Q 2016-09-30 Quarter: 2016-09-30
10-Q 2016-06-30 Quarter: 2016-06-30
10-Q 2016-03-31 Quarter: 2016-03-31
10-K 2015-12-31 Annual: 2015-12-31
10-Q 2015-09-30 Quarter: 2015-09-30
10-Q 2015-06-30 Quarter: 2015-06-30
10-Q 2015-03-31 Quarter: 2015-03-31
10-K 2014-12-31 Annual: 2014-12-31
10-Q 2014-09-30 Quarter: 2014-09-30
10-Q 2014-06-30 Quarter: 2014-06-30
10-Q 2014-03-31 Quarter: 2014-03-31
10-K 2013-12-31 Annual: 2013-12-31
8-K 2019-07-31 Earnings, Regulation FD, Exhibits
8-K 2019-05-01 Earnings, Regulation FD, Exhibits
8-K 2019-02-13 Regulation FD, Exhibits
8-K 2019-02-06 Regulation FD, Exhibits
8-K 2019-02-04 Regulation FD
8-K 2019-01-31 Earnings, Regulation FD, Exhibits
8-K 2018-10-25 Earnings, Regulation FD, Exhibits
8-K 2018-08-01 Earnings, Regulation FD, Exhibits
8-K 2018-07-17 Officers, Exhibits
8-K 2018-05-02 Earnings, Regulation FD, Exhibits
8-K 2018-04-09 Earnings, Exhibits
8-K 2018-03-12 Officers, Exhibits
8-K 2018-02-13 Regulation FD, Exhibits
8-K 2018-02-01 Earnings, Regulation FD, Exhibits
STOR Store Capital 7,530
BANF Bancfirst 1,840
WIRE Encore Wire 1,190
AQXP Aquinox Pharmaceuticals 65
HUSA Houston American Energy 16
DGTW Digitaltown 0
PX Praxair 0
SCTF Securetech Innovations 0
PRSS CafePress 0
SFAS Steadfast Apartment REIT III 0
SIGI 2019-06-30
Part I. Financial Information
Item 1. Financial Statements.
Note 1. Basis of Presentation
Note 2. Adoption of Accounting Pronouncements
Note 3. Statements of Cash Flows
Note 4. Investments
Note 5. Indebtedness
Note 6. Fair Value Measurements
Note 7. Reinsurance
Note 8. "Reinsurance" in Item 8. "Financial Statements and Supplementary Data." of Our 2018 Annual Report.
Note 8. Reserve for Loss and Loss Expense
Note 9. Segment Information
Note 10. Retirement Plans
Note 11. Comprehensive Income
Note 12. Leases
Note 13. Litigation
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
Item 4. Controls and Procedures.
Part II. Other Information
Item 1. Legal Proceedings.
Item 1A. Risk Factors.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Item 6. Exhibits.
EX-11 sigi-ex116302019xq2.htm
EX-31.1 sigi-ex3116302019xq2.htm
EX-31.2 sigi-ex3126302019xq2.htm
EX-32.1 sigi-ex3216302019xq2.htm
EX-32.2 sigi-ex3226302019xq2.htm

Selective Insurance Group Earnings 2019-06-30

SIGI 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Document
false--12-31Q220190000230557falsefalse0.010.102116570002196700005270798000557149100022360000000360000000102848394103332584138144000135761000900000000005000000300000500000050000003000000000094000007800000450000044000004389984044004476 0000230557 2019-01-01 2019-06-30 0000230557 us-gaap:EquitySecuritiesMember 2019-01-01 2019-06-30 0000230557 2019-07-19 0000230557 2019-06-30 0000230557 2018-12-31 0000230557 2018-01-01 2018-06-30 0000230557 2018-04-01 2018-06-30 0000230557 2019-04-01 2019-06-30 0000230557 2018-03-31 0000230557 us-gaap:CommonStockMember 2019-06-30 0000230557 us-gaap:CommonStockMember 2019-01-01 2019-06-30 0000230557 us-gaap:RetainedEarningsMember 2019-03-31 0000230557 us-gaap:AccountingStandardsUpdate201602Member us-gaap:RetainedEarningsMember 2018-12-31 0000230557 us-gaap:CommonStockMember 2018-06-30 0000230557 us-gaap:CommonStockMember 2018-12-31 0000230557 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-06-30 0000230557 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0000230557 us-gaap:RetainedEarningsMember 2018-03-31 0000230557 sigi:AccountingStandardsUpdate201802Member us-gaap:RetainedEarningsMember 2018-03-31 0000230557 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0000230557 us-gaap:TreasuryStockMember 2018-03-31 0000230557 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-06-30 0000230557 us-gaap:TreasuryStockMember 2019-06-30 0000230557 us-gaap:CommonStockMember 2018-01-01 2018-06-30 0000230557 us-gaap:TreasuryStockMember 2019-04-01 2019-06-30 0000230557 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-06-30 0000230557 us-gaap:AccountingStandardsUpdate201601Member us-gaap:RetainedEarningsMember 2018-12-31 0000230557 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000230557 us-gaap:AccountingStandardsUpdate201601Member us-gaap:RetainedEarningsMember 2018-03-31 0000230557 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0000230557 2018-06-30 0000230557 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0000230557 2017-12-31 0000230557 us-gaap:AccountingStandardsUpdate201601Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0000230557 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0000230557 us-gaap:RetainedEarningsMember 2017-12-31 0000230557 us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0000230557 us-gaap:AccountingStandardsUpdate201601Member us-gaap:RetainedEarningsMember 2017-12-31 0000230557 2019-03-31 0000230557 us-gaap:RetainedEarningsMember 2018-01-01 2018-06-30 0000230557 sigi:AccountingStandardsUpdate201802Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000230557 us-gaap:CommonStockMember 2018-03-31 0000230557 us-gaap:AccountingStandardsUpdate201601Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000230557 us-gaap:RetainedEarningsMember 2019-01-01 2019-06-30 0000230557 us-gaap:AccountingStandardsUpdate201601Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000230557 us-gaap:AccountingStandardsUpdate201602Member us-gaap:RetainedEarningsMember 2017-12-31 0000230557 us-gaap:RetainedEarningsMember 2018-06-30 0000230557 us-gaap:AccountingStandardsUpdate201602Member us-gaap:RetainedEarningsMember 2018-03-31 0000230557 sigi:AccountingStandardsUpdate201802Member us-gaap:RetainedEarningsMember 2017-12-31 0000230557 us-gaap:TreasuryStockMember 2018-06-30 0000230557 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0000230557 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0000230557 sigi:AccountingStandardsUpdate201802Member us-gaap:RetainedEarningsMember 2019-03-31 0000230557 sigi:AccountingStandardsUpdate201802Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000230557 us-gaap:RetainedEarningsMember 2019-06-30 0000230557 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0000230557 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0000230557 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000230557 us-gaap:RetainedEarningsMember 2018-12-31 0000230557 us-gaap:TreasuryStockMember 2018-04-01 2018-06-30 0000230557 sigi:AccountingStandardsUpdate201802Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0000230557 us-gaap:AccountingStandardsUpdate201601Member us-gaap:RetainedEarningsMember 2019-03-31 0000230557 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000230557 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0000230557 us-gaap:AccountingStandardsUpdate201602Member us-gaap:RetainedEarningsMember 2019-03-31 0000230557 sigi:AccountingStandardsUpdate201802Member us-gaap:RetainedEarningsMember 2018-12-31 0000230557 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0000230557 us-gaap:TreasuryStockMember 2018-12-31 0000230557 us-gaap:CommonStockMember 2019-03-31 0000230557 us-gaap:TreasuryStockMember 2018-01-01 2018-06-30 0000230557 sigi:AccountingStandardsUpdate201802Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000230557 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0000230557 us-gaap:TreasuryStockMember 2019-01-01 2019-06-30 0000230557 us-gaap:CommonStockMember 2017-12-31 0000230557 us-gaap:AccountingStandardsUpdate201601Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000230557 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000230557 us-gaap:TreasuryStockMember 2019-03-31 0000230557 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000230557 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000230557 us-gaap:CommonStockMember 2018-04-01 2018-06-30 0000230557 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0000230557 us-gaap:TreasuryStockMember 2017-12-31 0000230557 us-gaap:SeriesAPreferredStockMember 2018-06-30 0000230557 us-gaap:SeriesAPreferredStockMember 2019-06-30 0000230557 sigi:AFSFixedIncomeSecuritiesMember 2019-01-01 2019-06-30 0000230557 sigi:AFSFixedIncomeSecuritiesMember 2018-01-01 2018-06-30 0000230557 sigi:AFSFixedIncomeSecuritiesMember 2019-06-30 0000230557 sigi:AFSFixedIncomeSecuritiesMember us-gaap:AssetBackedSecuritiesMember 2019-06-30 0000230557 sigi:AFSFixedIncomeSecuritiesMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0000230557 sigi:AFSFixedIncomeSecuritiesMember us-gaap:USTreasuryAndGovernmentMember 2019-06-30 0000230557 sigi:AFSFixedIncomeSecuritiesMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000230557 sigi:AFSFixedIncomeSecuritiesMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0000230557 sigi:AFSFixedIncomeSecuritiesMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:AssetBackedSecuritiesMember sigi:AFSFixedIncomeSecuritiesMember 2018-12-31 0000230557 us-gaap:ResidentialMortgageBackedSecuritiesMember sigi:AFSFixedIncomeSecuritiesMember 2018-12-31 0000230557 us-gaap:CorporateDebtSecuritiesMember sigi:AFSFixedIncomeSecuritiesMember 2018-12-31 0000230557 us-gaap:USStatesAndPoliticalSubdivisionsMember sigi:AFSFixedIncomeSecuritiesMember 2018-12-31 0000230557 us-gaap:CommercialMortgageBackedSecuritiesMember sigi:AFSFixedIncomeSecuritiesMember 2018-12-31 0000230557 us-gaap:USTreasuryAndGovernmentMember sigi:AFSFixedIncomeSecuritiesMember 2018-12-31 0000230557 us-gaap:ForeignGovernmentDebtSecuritiesMember sigi:AFSFixedIncomeSecuritiesMember 2018-12-31 0000230557 us-gaap:OtherInvestmentsMember 2019-01-01 2019-06-30 0000230557 us-gaap:ShortTermInvestmentsMember 2019-01-01 2019-06-30 0000230557 sigi:InvestmentExpensesMember 2018-01-01 2018-06-30 0000230557 us-gaap:EquitySecuritiesMember 2018-04-01 2018-06-30 0000230557 us-gaap:OtherInvestmentsMember 2019-04-01 2019-06-30 0000230557 us-gaap:ShortTermInvestmentsMember 2018-01-01 2018-06-30 0000230557 us-gaap:FixedMaturitiesMember 2019-04-01 2019-06-30 0000230557 us-gaap:FixedMaturitiesMember 2019-01-01 2019-06-30 0000230557 us-gaap:OtherInvestmentsMember 2018-04-01 2018-06-30 0000230557 us-gaap:ShortTermInvestmentsMember 2018-04-01 2018-06-30 0000230557 us-gaap:OtherInvestmentsMember 2018-01-01 2018-06-30 0000230557 sigi:InvestmentExpensesMember 2019-04-01 2019-06-30 0000230557 us-gaap:FixedMaturitiesMember 2018-01-01 2018-06-30 0000230557 sigi:InvestmentExpensesMember 2019-01-01 2019-06-30 0000230557 sigi:InvestmentExpensesMember 2018-04-01 2018-06-30 0000230557 us-gaap:ShortTermInvestmentsMember 2019-04-01 2019-06-30 0000230557 us-gaap:EquitySecuritiesMember 2018-01-01 2018-06-30 0000230557 us-gaap:EquitySecuritiesMember 2019-04-01 2019-06-30 0000230557 us-gaap:FixedMaturitiesMember 2018-04-01 2018-06-30 0000230557 sigi:AFSFixedIncomeSecuritiesMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000230557 sigi:AFSFixedIncomeSecuritiesMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000230557 sigi:AFSFixedIncomeSecuritiesMember 2018-12-31 0000230557 sigi:AFSFixedIncomeSecuritiesMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0000230557 sigi:AFSFixedIncomeSecuritiesMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000230557 sigi:AFSFixedIncomeSecuritiesMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000230557 sigi:AFSFixedIncomeSecuritiesMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0000230557 sigi:AFSFixedIncomeSecuritiesMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:USTreasuryAndGovernmentMember sigi:AFSFixedIncomeSecuritiesMember 2019-06-30 0000230557 us-gaap:ResidentialMortgageBackedSecuritiesMember sigi:AFSFixedIncomeSecuritiesMember 2019-06-30 0000230557 us-gaap:USStatesAndPoliticalSubdivisionsMember sigi:AFSFixedIncomeSecuritiesMember 2019-06-30 0000230557 us-gaap:CorporateDebtSecuritiesMember sigi:AFSFixedIncomeSecuritiesMember 2019-06-30 0000230557 us-gaap:ForeignGovernmentDebtSecuritiesMember sigi:AFSFixedIncomeSecuritiesMember 2019-06-30 0000230557 us-gaap:AssetBackedSecuritiesMember sigi:AFSFixedIncomeSecuritiesMember 2019-06-30 0000230557 us-gaap:CommercialMortgageBackedSecuritiesMember sigi:AFSFixedIncomeSecuritiesMember 2019-06-30 0000230557 sigi:PrivateCreditFundsMember srt:PartnershipInterestMember 2019-06-30 0000230557 srt:PartnershipInterestMember 2019-06-30 0000230557 us-gaap:OtherInvestmentsMember 2019-06-30 0000230557 sigi:OtherSecuritiesMember 2018-12-31 0000230557 us-gaap:PrivateEquityFundsMember srt:PartnershipInterestMember 2019-06-30 0000230557 srt:PartnershipInterestMember 2018-12-31 0000230557 us-gaap:PrivateEquityFundsMember srt:PartnershipInterestMember 2018-12-31 0000230557 sigi:PrivateCreditFundsMember srt:PartnershipInterestMember 2018-12-31 0000230557 us-gaap:OtherInvestmentsMember 2018-12-31 0000230557 sigi:OtherSecuritiesMember 2019-06-30 0000230557 sigi:RealAssetsMember srt:PartnershipInterestMember 2019-06-30 0000230557 sigi:RealAssetsMember srt:PartnershipInterestMember 2018-12-31 0000230557 us-gaap:FixedIncomeSecuritiesMember 2018-01-01 2018-06-30 0000230557 us-gaap:EquitySecuritiesMember 2019-01-01 2019-06-30 0000230557 us-gaap:OtherInvestmentsMember 2019-04-01 2019-06-30 0000230557 us-gaap:FixedIncomeSecuritiesMember 2018-04-01 2018-06-30 0000230557 us-gaap:OtherInvestmentsMember 2018-01-01 2018-06-30 0000230557 us-gaap:OtherInvestmentsMember 2019-01-01 2019-06-30 0000230557 us-gaap:EquitySecuritiesMember 2018-04-01 2018-06-30 0000230557 us-gaap:ShortTermInvestmentsMember 2019-01-01 2019-06-30 0000230557 us-gaap:EquitySecuritiesMember 2019-04-01 2019-06-30 0000230557 us-gaap:FixedIncomeSecuritiesMember 2019-01-01 2019-06-30 0000230557 us-gaap:ShortTermInvestmentsMember 2018-01-01 2018-06-30 0000230557 us-gaap:OtherInvestmentsMember 2018-04-01 2018-06-30 0000230557 us-gaap:EquitySecuritiesMember 2018-01-01 2018-06-30 0000230557 us-gaap:ShortTermInvestmentsMember 2019-04-01 2019-06-30 0000230557 us-gaap:ShortTermInvestmentsMember 2018-04-01 2018-06-30 0000230557 us-gaap:FixedIncomeSecuritiesMember 2019-04-01 2019-06-30 0000230557 sigi:InvestmentsAccountedForUnderTheEquityMethodMember 2018-01-01 2018-06-30 0000230557 sigi:InvestmentsAccountedForUnderTheEquityMethodMember 2019-01-01 2019-06-30 0000230557 srt:PartnershipInterestMember 2018-01-01 2018-06-30 0000230557 sigi:InvestmentsAccountedForUnderTheEquityMethodMember 2019-04-01 2019-06-30 0000230557 srt:PartnershipInterestMember 2018-04-01 2018-06-30 0000230557 sigi:InvestmentsAccountedForUnderTheEquityMethodMember 2018-04-01 2018-06-30 0000230557 srt:PartnershipInterestMember 2019-01-01 2019-06-30 0000230557 srt:PartnershipInterestMember 2019-04-01 2019-06-30 0000230557 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000230557 us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:ResidentialMortgageBackedSecuritiesMember srt:FederalHomeLoanBankOfNewYorkMember 2019-06-30 0000230557 us-gaap:USTreasuryAndGovernmentMember 2019-06-30 0000230557 us-gaap:CorporateDebtSecuritiesMember srt:FederalHomeLoanBankOfNewYorkMember 2019-06-30 0000230557 us-gaap:USTreasuryAndGovernmentMember srt:FederalHomeLoanBankOfNewYorkMember 2019-06-30 0000230557 us-gaap:USStatesAndPoliticalSubdivisionsMember srt:FederalHomeLoanBankOfIndianapolisMember 2019-06-30 0000230557 us-gaap:USStatesAndPoliticalSubdivisionsMember srt:FederalHomeLoanBankOfNewYorkMember 2019-06-30 0000230557 srt:FederalHomeLoanBankOfNewYorkMember 2019-06-30 0000230557 us-gaap:CommercialMortgageBackedSecuritiesMember srt:FederalHomeLoanBankOfNewYorkMember 2019-06-30 0000230557 us-gaap:ResidentialMortgageBackedSecuritiesMember srt:FederalHomeLoanBankOfIndianapolisMember 2019-06-30 0000230557 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0000230557 srt:FederalHomeLoanBankOfIndianapolisMember 2019-06-30 0000230557 us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:CommercialMortgageBackedSecuritiesMember srt:FederalHomeLoanBankOfIndianapolisMember 2019-06-30 0000230557 us-gaap:CorporateDebtSecuritiesMember srt:FederalHomeLoanBankOfIndianapolisMember 2019-06-30 0000230557 us-gaap:USTreasuryAndGovernmentMember srt:FederalHomeLoanBankOfIndianapolisMember 2019-06-30 0000230557 us-gaap:FixedMaturitiesMember 2019-04-01 2019-06-30 0000230557 us-gaap:FixedMaturitiesMember 2018-04-01 2018-06-30 0000230557 us-gaap:FixedMaturitiesMember 2018-01-01 2018-06-30 0000230557 us-gaap:FixedMaturitiesMember 2019-01-01 2019-06-30 0000230557 sigi:FivePointEightHundredSeventyFiveMember 2019-06-30 0000230557 sigi:OnePointFiftySixPercentBorrowingFromFederalHomeLoanBankDueAugust162021Member 2019-06-30 0000230557 sigi:OnePointSixtyOnePercentBorrowingFromFederalHomeLoanBankDueJuly212021Member 2019-06-30 0000230557 sigi:SevenPointTwentyFivePercentSeniorNotesMember 2019-06-30 0000230557 sigi:OnePointFiftySixPercentBorrowingFromFederalHomeLoanBankDueAugust162021Member 2018-12-31 0000230557 sigi:FivePointThreeHundredSeventyFiveMember 2019-06-30 0000230557 sigi:ThreePointZeroThreePercentBorrowingFromFederalHomeLoanBankDueDecember162026Member 2019-06-30 0000230557 sigi:SixPointSeventyPercentSeniorNotesMember 2018-12-31 0000230557 sigi:SixPointSeventyPercentSeniorNotesMember 2019-06-30 0000230557 sigi:SevenPointTwentyFivePercentSeniorNotesMember 2018-12-31 0000230557 sigi:FivePointThreeHundredSeventyFiveMember 2018-12-31 0000230557 sigi:OnePointSixtyOnePercentBorrowingFromFederalHomeLoanBankDueJuly212021Member 2018-12-31 0000230557 sigi:FivePointEightHundredSeventyFiveMember 2018-12-31 0000230557 sigi:ThreePointZeroThreePercentBorrowingFromFederalHomeLoanBankDueDecember162026Member 2018-12-31 0000230557 sigi:FivePointEightHundredSeventyFiveMember 2019-01-01 2019-06-30 0000230557 sigi:TwoPointSixtyFourPercentBorrowingfromFederalHomeLoanBankDueMarch282019Member 2019-06-30 0000230557 sigi:FivePointThreeHundredSeventyFiveMember 2019-01-01 2019-06-30 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:OnePointSixtyOnePercentBorrowingFromFederalHomeLoanBankDueJuly212021Member 2019-06-30 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:LongTermDebtExcludingIssuanceCostsMember 2019-06-30 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:ThreePointZeroThreePercentBorrowingFromFederalHomeLoanBankDueDecember162026Member 2018-12-31 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:SixPointSeventyPercentSeniorNotesMember 2018-12-31 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:SixPointSeventyPercentSeniorNotesMember 2019-06-30 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:SevenPointTwentyFivePercentSeniorNotesMember 2019-06-30 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:UnamortizedDebtIssuanceCostsMember 2019-06-30 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:SevenPointTwentyFivePercentSeniorNotesMember 2018-12-31 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:OnePointSixtyOnePercentBorrowingFromFederalHomeLoanBankDueJuly212021Member 2018-12-31 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:FivePointEightHundredSeventyFiveMember 2019-06-30 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:FivePointThreeHundredSeventyFiveMember 2018-12-31 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:OnePointFiftySixPercentBorrowingFromFederalHomeLoanBankDueAugust162021Member 2019-06-30 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:OnePointFiftySixPercentBorrowingFromFederalHomeLoanBankDueAugust162021Member 2018-12-31 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:UnamortizedDebtIssuanceCostsMember 2018-12-31 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:LongTermDebtExcludingIssuanceCostsMember 2018-12-31 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:FivePointThreeHundredSeventyFiveMember 2019-06-30 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:ThreePointZeroThreePercentBorrowingFromFederalHomeLoanBankDueDecember162026Member 2019-06-30 0000230557 us-gaap:CarryingReportedAmountFairValueDisclosureMember sigi:FivePointEightHundredSeventyFiveMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2018-12-31 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member sigi:FivePointThreeHundredSeventyFiveMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member sigi:OnePointFiftySixPercentBorrowingFromFederalHomeLoanBankDueAugust162021Member 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member sigi:SevenPointTwentyFivePercentSeniorNotesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member sigi:SixPointSeventyPercentSeniorNotesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member sigi:OnePointSixtyOnePercentBorrowingFromFederalHomeLoanBankDueJuly212021Member 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member sigi:ThreePointZeroThreePercentBorrowingFromFederalHomeLoanBankDueDecember162026Member 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member sigi:OnePointFiftySixPercentBorrowingFromFederalHomeLoanBankDueAugust162021Member 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member sigi:OnePointFiftySixPercentBorrowingFromFederalHomeLoanBankDueAugust162021Member 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member sigi:OnePointSixtyOnePercentBorrowingFromFederalHomeLoanBankDueJuly212021Member 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member sigi:FivePointThreeHundredSeventyFiveMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000230557 us-gaap:LongTermDebtMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member sigi:SevenPointTwentyFivePercentSeniorNotesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member sigi:SevenPointTwentyFivePercentSeniorNotesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member sigi:FivePointThreeHundredSeventyFiveMember 2019-06-30 0000230557 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member sigi:OnePointSixtyOnePercentBorrowingFromFederalHomeLoanBankDueJuly212021Member 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member sigi:SixPointSeventyPercentSeniorNotesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member sigi:ThreePointZeroThreePercentBorrowingFromFederalHomeLoanBankDueDecember162026Member 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member sigi:SixPointSeventyPercentSeniorNotesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member sigi:ThreePointZeroThreePercentBorrowingFromFederalHomeLoanBankDueDecember162026Member 2019-06-30 0000230557 us-gaap:AvailableforsaleSecuritiesMember us-gaap:InvestmentsMember 2019-01-01 2019-06-30 0000230557 us-gaap:AvailableforsaleSecuritiesMember us-gaap:CorporateDebtSecuritiesMember 2019-01-01 2019-06-30 0000230557 us-gaap:AvailableforsaleSecuritiesMember us-gaap:AssetBackedSecuritiesMember 2019-01-01 2019-06-30 0000230557 us-gaap:AvailableforsaleSecuritiesMember us-gaap:InvestmentsMember 2019-06-30 0000230557 us-gaap:AvailableforsaleSecuritiesMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:AvailableforsaleSecuritiesMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0000230557 us-gaap:AvailableforsaleSecuritiesMember us-gaap:InvestmentsMember 2018-12-31 0000230557 us-gaap:AvailableforsaleSecuritiesMember us-gaap:AssetBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:AvailableforsaleSecuritiesMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2019-06-30 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2019-06-30 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:NonredeemablePreferredStockMember 2019-06-30 0000230557 us-gaap:FairValueMeasurementsRecurringMember us-gaap:AssetBackedSecuritiesMember 2019-06-30 0000230557 us-gaap:FairValueInputsLevel2Member sigi:ThreePointZeroThreePercentBorrowingFromFederalHomeLoanBankDueDecember162026Member 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member sigi:SixPointSeventyPercentSeniorNotesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member sigi:OnePointFiftySixPercentBorrowingFromFederalHomeLoanBankDueAugust162021Member 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member sigi:OnePointFiftySixPercentBorrowingFromFederalHomeLoanBankDueAugust162021Member 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member sigi:OnePointSixtyOnePercentBorrowingFromFederalHomeLoanBankDueJuly212021Member 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member sigi:FivePointEightHundredSeventyFiveMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member sigi:SevenPointTwentyFivePercentSeniorNotesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member sigi:SevenPointTwentyFivePercentSeniorNotesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member sigi:OnePointSixtyOnePercentBorrowingFromFederalHomeLoanBankDueJuly212021Member 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member sigi:SevenPointTwentyFivePercentSeniorNotesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member sigi:ThreePointZeroThreePercentBorrowingFromFederalHomeLoanBankDueDecember162026Member 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member sigi:SixPointSeventyPercentSeniorNotesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000230557 us-gaap:LongTermDebtMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member sigi:ThreePointZeroThreePercentBorrowingFromFederalHomeLoanBankDueDecember162026Member 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member sigi:OnePointSixtyOnePercentBorrowingFromFederalHomeLoanBankDueJuly212021Member 2018-12-31 0000230557 us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel3Member sigi:FivePointEightHundredSeventyFiveMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member 2018-12-31 0000230557 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member sigi:OnePointFiftySixPercentBorrowingFromFederalHomeLoanBankDueAugust162021Member 2018-12-31 0000230557 us-gaap:FairValueInputsLevel1Member sigi:FivePointEightHundredSeventyFiveMember 2018-12-31 0000230557 us-gaap:FairValueInputsLevel2Member sigi:SixPointSeventyPercentSeniorNotesMember 2018-12-31 0000230557 us-gaap:FireMember 2019-04-01 2019-06-30 0000230557 sigi:NationalFloodInsuranceProgramMember 2019-01-01 2019-06-30 0000230557 sigi:NationalFloodInsuranceProgramMember 2018-01-01 2018-06-30 0000230557 sigi:NationalFloodInsuranceProgramMember 2018-04-01 2018-06-30 0000230557 sigi:NationalFloodInsuranceProgramMember 2019-04-01 2019-06-30 0000230557 sigi:CasualtyInsuranceProductLineMember sigi:ChangeinHistoricalClaimRateExperienceMember 2018-01-01 2018-06-30 0000230557 sigi:ChangeinHistoricalClaimRateExperienceMember 2019-01-01 2019-06-30 0000230557 sigi:CasualtyInsuranceProductLineMember sigi:ChangeinHistoricalClaimRateExperienceMember sigi:WorkersCompensationMember 2019-01-01 2019-06-30 0000230557 sigi:CasualtyInsuranceProductLineMember sigi:ChangeinHistoricalClaimRateExperienceMember sigi:WorkersCompensationMember 2018-01-01 2018-06-30 0000230557 sigi:CasualtyInsuranceProductLineMember sigi:ChangeinHistoricalClaimRateExperienceMember us-gaap:GeneralLiabilityMember 2019-01-01 2019-06-30 0000230557 sigi:CasualtyInsuranceProductLineMember sigi:ChangeinHistoricalClaimRateExperienceMember sigi:ExcessAndSurplusOperationsMember 2018-01-01 2018-06-30 0000230557 sigi:ChangeinHistoricalClaimRateExperienceMember 2018-01-01 2018-06-30 0000230557 sigi:CasualtyInsuranceProductLineMember sigi:ChangeinHistoricalClaimRateExperienceMember sigi:CommercialAutomobileMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyInsuranceProductLineMember sigi:ChangeinHistoricalClaimRateExperienceMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyInsuranceProductLineMember sigi:ChangeinHistoricalClaimRateExperienceMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember 2018-01-01 2018-06-30 0000230557 us-gaap:OperatingSegmentsMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember 2019-01-01 2019-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember 2018-01-01 2018-06-30 0000230557 us-gaap:OperatingSegmentsMember 2019-04-01 2019-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember 2019-04-01 2019-06-30 0000230557 us-gaap:OperatingSegmentsMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember 2019-04-01 2019-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember 2019-01-01 2019-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember 2018-01-01 2018-06-30 0000230557 us-gaap:OperatingSegmentsMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember 2019-04-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:OtherCommercialMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:BusinessOwnersPoliciesMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:CommercialPropertyMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember us-gaap:SuretySegmentMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:BusinessOwnersPoliciesMember 2019-04-01 2019-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember sigi:CasualtyInsuranceProductLineMember 2019-04-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember us-gaap:GeneralLiabilityMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember 2019-04-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:BusinessOwnersPoliciesMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:WorkersCompensationMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember sigi:HomeownersMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:CommercialPropertyMember 2019-04-01 2019-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:WorkersCompensationMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:BusinessOwnersPoliciesMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember us-gaap:GeneralLiabilityMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember sigi:PersonalAutomobileMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember sigi:PersonalAutomobileMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:CommercialAutomobileMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember us-gaap:SuretySegmentMember 2019-04-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:WorkersCompensationMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember sigi:PersonalAutomobileMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember us-gaap:SuretySegmentMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:OtherCommercialMember 2018-04-01 2018-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember 2018-04-01 2018-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:OtherCommercialMember 2019-04-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:CommercialAutomobileMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember sigi:PersonalAutomobileMember 2019-04-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:CommercialPropertyMember 2019-01-01 2019-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember us-gaap:PropertyInsuranceProductLineMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember 2019-04-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember sigi:OtherPersonalMember 2019-04-01 2019-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember 2019-04-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember sigi:HomeownersMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:OtherCommercialMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember sigi:HomeownersMember 2019-04-01 2019-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember sigi:CasualtyInsuranceProductLineMember 2018-04-01 2018-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember us-gaap:PropertyInsuranceProductLineMember 2018-01-01 2018-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember us-gaap:PropertyInsuranceProductLineMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember sigi:OtherPersonalMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember sigi:HomeownersMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember us-gaap:GeneralLiabilityMember 2018-01-01 2018-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember us-gaap:PropertyInsuranceProductLineMember 2019-04-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember sigi:OtherPersonalMember 2018-01-01 2018-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember sigi:CasualtyInsuranceProductLineMember 2018-01-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:CommercialPropertyMember 2018-04-01 2018-06-30 0000230557 sigi:ExcessAndSurplusOperationsMember sigi:CasualtyInsuranceProductLineMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember us-gaap:SuretySegmentMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyPersonalInsuranceProductLineMember sigi:OtherPersonalMember 2019-01-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:CommercialAutomobileMember 2019-04-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:CommercialAutomobileMember 2018-04-01 2018-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember us-gaap:GeneralLiabilityMember 2019-04-01 2019-06-30 0000230557 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember sigi:WorkersCompensationMember 2019-04-01 2019-06-30 0000230557 us-gaap:InvestmentsMember 2018-04-01 2018-06-30 0000230557 us-gaap:InvestmentsMember 2018-01-01 2018-06-30 0000230557 us-gaap:InvestmentsMember 2019-04-01 2019-06-30 0000230557 us-gaap:InvestmentsMember 2019-01-01 2019-06-30 0000230557 us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-06-30 0000230557 us-gaap:PensionPlansDefinedBenefitMember 2018-04-01 2018-06-30 0000230557 us-gaap:PensionPlansDefinedBenefitMember 2019-04-01 2019-06-30 0000230557 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-06-30 0000230557 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-12-31 0000230557 us-gaap:AvailableforsaleSecuritiesMember 2018-12-31 0000230557 us-gaap:InvestmentsMember 2019-06-30 0000230557 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2019-01-01 2019-06-30 0000230557 us-gaap:InvestmentsMember 2019-01-01 2019-06-30 0000230557 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-06-30 0000230557 us-gaap:HeldtomaturitySecuritiesMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0000230557 us-gaap:HeldtomaturitySecuritiesMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-06-30 0000230557 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2018-12-31 0000230557 us-gaap:InvestmentsMember 2018-12-31 0000230557 us-gaap:HeldtomaturitySecuritiesMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-06-30 0000230557 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2019-06-30 0000230557 us-gaap:AvailableforsaleSecuritiesMember 2019-06-30 0000230557 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-06-30 0000230557 us-gaap:AvailableforsaleSecuritiesMember 2019-01-01 2019-06-30 0000230557 us-gaap:AvailableforsaleSecuritiesMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-06-30 0000230557 us-gaap:HeldtomaturitySecuritiesMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-06-30 0000230557 us-gaap:HeldtomaturitySecuritiesMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0000230557 us-gaap:AvailableforsaleSecuritiesMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0000230557 us-gaap:AvailableforsaleSecuritiesMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0000230557 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:PensionPlansDefinedBenefitMember 2019-04-01 2019-06-30 0000230557 us-gaap:HeldtomaturitySecuritiesMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0000230557 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-06-30 0000230557 us-gaap:HeldtomaturitySecuritiesMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0000230557 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-06-30 0000230557 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:PensionPlansDefinedBenefitMember 2018-04-01 2018-06-30 0000230557 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0000230557 us-gaap:AvailableforsaleSecuritiesMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0000230557 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0000230557 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0000230557 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-06-30 0000230557 2019-01-01 0000230557 us-gaap:AccountingStandardsUpdate201602Member us-gaap:RetainedEarningsMember 2019-01-01 iso4217:USD xbrli:shares iso4217:USD xbrli:pure xbrli:shares
Table of Contents

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the quarterly period ended: June 30, 2019
or
 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the transition period from_____________________________to_____________________________
 
Commission File Number: 001-33067
SELECTIVE INSURANCE GROUP, INC.
(Exact Name of Registrant as Specified in Its Charter)
 
New Jersey
22-2168890
(State or Other Jurisdiction of Incorporation or Organization)
(I.R.S. Employer Identification No.)
 
 
 
40 Wantage Avenue
 
Branchville,
New Jersey
07890
(Address of Principal Executive Offices)
(Zip Code)
973
948-3000
(Registrant’s Telephone Number, Including Area Code)
 
 
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, par value $2 per share
SIGI
NASDAQ Global Select Market

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes            No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes   No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
Accelerated filer
 
Non-accelerated filer
Smaller reporting company
 
 
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).                                                              Yes        No    
As of July 19, 2019, there were 59,370,023 shares of common stock, par value $2.00 per share, outstanding. 


Table of Contents

 
SELECTIVE INSURANCE GROUP, INC.
 
 
Table of Contents
 
 
 
Page No.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Table of Contents

PART I. FINANCIAL INFORMATION
 
ITEM 1. FINANCIAL STATEMENTS.
 
SELECTIVE INSURANCE GROUP, INC.
CONSOLIDATED BALANCE SHEETS
 
Unaudited
 
 
($ in thousands, except share amounts)
 
June 30,
2019
 
December 31,
2018
ASSETS
 
 

 
 

Investments:
 
 

 
 

Fixed income securities, held-to-maturity – at carrying value (fair value:  $33,855 – 2019; $38,317 – 2018)
 
$
32,364

 
37,110

Fixed income securities, available-for-sale – at fair value (amortized cost: $5,571,491 – 2019; $5,270,798 – 2018)
 
5,757,898

 
5,273,100

Equity securities – at fair value (cost:  $135,761 – 2019; $138,144 – 2018)
 
157,519

 
147,639

Short-term investments (at cost which approximates fair value)
 
291,365

 
323,864

Other investments
 
182,109

 
178,938

Total investments (Note 4 and 6)
 
6,421,255


5,960,651

Cash
 
504

 
505

Restricted cash
 
7,139

 
16,414

Interest and dividends due or accrued
 
43,137

 
41,620

Premiums receivable, net of allowance for uncollectible accounts of:  $7,800 – 2019; $9,400 – 2018
 
877,708

 
770,518

Reinsurance recoverable, net of allowance for uncollectible accounts of: $4,400 – 2019; $4,500 – 2018
 
577,274

 
549,172

Prepaid reinsurance premiums
 
163,530

 
157,723

Deferred federal income tax
 
14,698

 
53,540

Property and equipment – at cost, net of accumulated depreciation and amortization of:
$219,670 – 2019; $211,657 – 2018
 
73,678

 
65,248

Deferred policy acquisition costs
 
273,128

 
252,612

Goodwill
 
7,849

 
7,849

Other assets
 
115,705

 
76,877

Total assets
 
$
8,575,605

 
7,952,729

 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 

 
 

Liabilities:
 
 

 
 

Reserve for loss and loss expense (Note 8)
 
$
4,027,052

 
3,893,868

Unearned premiums
 
1,536,891

 
1,431,932

Long-term debt
 
550,778

 
439,540

Current federal income tax
 
3,182

 
1,302

Accrued salaries and benefits
 
87,582

 
116,706

Other liabilities
 
310,576

 
277,579

Total liabilities
 
$
6,516,061

 
6,160,927

 
 
 
 
 
Stockholders’ Equity:
 
 

 
 

Preferred stock of $0 par value per share:
 
$

 

Authorized shares 5,000,000; no shares issued or outstanding
 
 
 
 
Common stock of $2 par value per share:
 
 
 
 
Authorized shares 360,000,000
 
 
 
 
Issued: 103,332,584 – 2019; 102,848,394 – 2018
 
206,665

 
205,697

Additional paid-in capital
 
407,382

 
390,315

Retained earnings
 
1,968,374

 
1,858,414

Accumulated other comprehensive income (loss) (Note 11)
 
68,506

 
(77,956
)
Treasury stock – at cost
(shares:  44,004,476 – 2019; 43,899,840 – 2018)
 
(591,383
)
 
(584,668
)
Total stockholders’ equity
 
$
2,059,544

 
1,791,802

Commitments and contingencies
 


 


Total liabilities and stockholders’ equity
 
$
8,575,605

 
7,952,729


The accompanying notes are an integral part of these unaudited interim consolidated financial statements.

1

Table of Contents

SELECTIVE INSURANCE GROUP, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
 
Quarter ended June 30,
 
Six Months ended June 30,
($ in thousands, except per share amounts)
 
2019
 
2018
 
2019
 
2018
Revenues:
 
 

 
 

 
 
 
 
Net premiums earned
 
$
642,619

 
604,836

 
1,275,192

 
1,196,664

Net investment income earned
 
58,505

 
45,553

 
109,123

 
88,784

Net realized and unrealized gains (losses):
 
 

 
 

 
 
 
 
Net realized investment gains on disposals
 
2,883

 
54

 
6,327

 
4,785

Other-than-temporary impairments
 
(971
)
 
(2,821
)
 
(1,075
)
 
(4,033
)
Unrealized gains (losses) on equity securities
 
2,115

 
1,115

 
12,226

 
(12,953
)
Total net realized and unrealized gains (losses)
 
4,027

 
(1,652
)
 
17,478

 
(12,201
)
Other income
 
3,053

 
3,179

 
5,373

 
5,358

Total revenues
 
708,204

 
651,916

 
1,407,166

 
1,278,605

 
 
 
 
 
 
 
 
 
Expenses:
 
 

 
 

 
 
 
 
Loss and loss expense incurred
 
380,984

 
366,328

 
767,563

 
751,269

Amortization of deferred policy acquisition costs
 
133,401

 
122,661

 
263,075

 
243,754

Other insurance expenses
 
86,662

 
80,994

 
171,741

 
164,234

Interest expense
 
7,366

 
6,125

 
18,892

 
12,277

Corporate expenses
 
9,566

 
3,283

 
21,976

 
14,615

Total expenses
 
617,979

 
579,391

 
1,243,247

 
1,186,149

 
 
 
 
 
 
 
 
 
Income before federal income tax
 
90,225

 
72,525

 
163,919

 
92,456

 
 
 
 
 
 
 
 
 
Federal income tax expense:
 
 

 
 

 
 
 
 
Current
 
17,958

 
12,782

 
30,539

 
13,215

Deferred
 
1

 
924

 
(234
)
 
1,497

Total federal income tax expense
 
17,959

 
13,706

 
30,305

 
14,712

 
 
 
 
 
 
 
 
 
Net income
 
$
72,266

 
58,819

 
133,614

 
77,744

 
 
 
 
 
 
 
 
 
Earnings per share:
 
 

 
 

 
 
 
 
Basic net income
 
$
1.22

 
1.00

 
2.25

 
1.32

 
 
 
 
 
 
 
 
 
Diluted net income
 
$
1.21

 
0.99

 
2.23

 
1.30

 
 
 
 
 
 
 
 
 
 
The accompanying notes are an integral part of these unaudited interim consolidated financial statements. 
 


2

Table of Contents

SELECTIVE INSURANCE GROUP, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
 
Quarter ended June 30,
 
Six Months ended June 30,
($ in thousands)
 
2019
 
2018
 
2019
 
2018
Net income
 
$
72,266

 
58,819

 
133,614

 
77,744

 
 
 
 
 
 
 
 
 
Other comprehensive income (loss), net of tax:
 
 

 
 

 
 
 
 
Unrealized gains (losses) on investment securities:
 
 

 
 

 
 
 
 
Unrealized holding gains (losses) arising during period
 
66,002

 
(18,955
)
 
147,315

 
(86,353
)
  Amounts reclassified into net income:
 
 
 
 
 
 
 
 
Held-to-maturity securities
 
(17
)
 
(6
)
 
(24
)
 
(16
)
Realized (gains) losses on disposals and other-than-temporary impairments of available-for-sale securities
 
(1,027
)
 
2,267

 
(1,878
)
 
5,861

Total unrealized gains (losses) on investment securities
 
64,958

 
(16,694
)
 
145,413

 
(80,508
)
 
 
 
 
 
 
 
 
 
Defined benefit pension and post-retirement plans:
 
 

 
 

 
 
 
 
Amounts reclassified into net income:
 
 
 
 
 
 
 
 
Net actuarial loss
 
524

 
420

 
1,049

 
840

  Total defined benefit pension and post-retirement plans
 
524

 
420

 
1,049

 
840

Other comprehensive income (loss)
 
65,482

 
(16,274
)
 
146,462

 
(79,668
)
Comprehensive income (loss)
 
$
137,748

 
42,545

 
280,076

 
(1,924
)
 
The accompanying notes are an integral part of these unaudited interim consolidated financial statements.
 


3

Table of Contents

SELECTIVE INSURANCE GROUP, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
 
Quarter ended June 30,
 
Six Months ended June 30,
($ in thousands, except share and per share amounts)
 
2019
 
2018
 
2019
 
2018
Common stock:
 
 
 
 
 
 

 
 

Beginning of period
 
$
206,451

 
205,280

 
205,697

 
204,569

Dividend reinvestment plan
 
11

 
12

 
22

 
25

Stock purchase and compensation plans
 
203

 
168

 
946

 
866

End of period
 
206,665

 
205,460

 
206,665

 
205,460

 
 
 
 
 
 
 
 
 
Additional paid-in capital:
 
 
 
 
 
 

 
 

Beginning of period
 
398,881

 
375,155

 
390,315

 
367,717

Dividend reinvestment plan
 
364

 
333

 
729

 
686

Stock purchase and compensation plans
 
8,137

 
6,153

 
16,338

 
13,238

End of period
 
407,382

 
381,641

 
407,382

 
381,641

 
 
 
 
 
 
 
 
 
Retained earnings:
 
 
 
 
 
 

 
 

Beginning of period, as previously reported
 
1,908,119

 
1,731,832

 
1,858,414

 
1,698,613

Cumulative effect adjustment due to adoption of equity security guidance, net of tax
 

 

 

 
30,726

Cumulative effect adjustment due to adoption of stranded deferred tax guidance
 

 

 

 
(5,707
)
Cumulative effect adjustment due to adoption of lease guidance, net of tax (Note 2)
 

 

 
342

 

Balance at beginning of period, as adjusted
 
1,908,119

 
1,731,832

 
1,858,756

 
1,723,632

Net income
 
72,266

 
58,819

 
133,614

 
77,744

Dividends to stockholders
 
(12,011
)
 
(10,723
)
 
(23,996
)
 
(21,448
)
End of period
 
1,968,374

 
1,779,928

 
1,968,374

 
1,779,928

 
 
 
 
 
 
 
 
 
Accumulated other comprehensive income (loss):
 
 
 
 
 
 

 
 

Beginning of period, as previously reported
 
3,024

 
(68,243
)
 
(77,956
)
 
20,170

Cumulative effect adjustment due to adoption of equity security guidance, net of tax
 

 

 

 
(30,726
)
Cumulative effect adjustment due to adoption of stranded deferred tax guidance
 

 

 

 
5,707

Balance at beginning of period, as adjusted
 
3,024

 
(68,243
)
 
(77,956
)
 
(4,849
)
Other comprehensive income (loss)
 
65,482

 
(16,274
)
 
146,462

 
(79,668
)
End of period
 
68,506

 
(84,517
)
 
68,506

 
(84,517
)
 
 
 
 
 
 
 
 
 
Treasury stock:
 
 
 
 
 
 

 
 

Beginning of period
 
(591,253
)
 
(584,228
)
 
(584,668
)
 
(578,112
)
Acquisition of treasury stock
 
(130
)
 
(129
)
 
(6,715
)
 
(6,245
)
End of period
 
(591,383
)
 
(584,357
)
 
(591,383
)
 
(584,357
)
Total stockholders’ equity
 
$
2,059,544

 
1,698,155

 
2,059,544

 
1,698,155

 
 
 
 
 
 
 
 
 
Dividends declared per share to stockholders
 
$
0.20

 
0.18

 
0.40

 
0.36

 
 
 
 
 
 
 
 
 
Common stock, shares outstanding:
 
 
 
 
 
 
 
 
Beginning of period
 
59,222,905

 
58,747,505

 
58,948,554

 
58,495,122

Dividend reinvestment plan

 
5,218

 
6,075

 
10,912

 
12,373

Stock purchase and compensation plan
 
101,650

 
83,754

 
473,278

 
433,009

Acquisition of treasury stock
 
(1,665
)
 
(2,282
)
 
(104,636
)
 
(105,452
)
End of period
 
59,328,108

 
58,835,052

 
59,328,108

 
58,835,052

 
Selective Insurance Group, Inc. also has authorized, but not issued, 5,000,000 shares of preferred stock, without par value, of which 300,000 shares have been
designated Series A junior preferred stock, without par value.
  
The accompanying notes are an integral part of these unaudited interim consolidated financial statements.
 


4

Table of Contents

SELECTIVE INSURANCE GROUP, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
 
Six Months ended June 30,
($ in thousands)
 
2019
 
2018
Operating Activities
 
 

 
 

Net income
 
$
133,614

 
77,744

 
 
 
 
 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
 
 

 
 

Depreciation and amortization
 
28,327

 
21,771

Stock-based compensation expense
 
11,654

 
9,636

Undistributed gains of equity method investments
 
(4,934
)
 
(1,628
)
Distributions in excess of current year income of equity method investments
 
2,157

 
1,450

Loss on disposal of fixed assets
 

 
29

Net realized and unrealized (gains) losses
 
(17,478
)
 
12,201

 
 
 
 
 
Changes in assets and liabilities:
 
 

 
 

Increase in reserve for loss and loss expense, net of reinsurance recoverable
 
105,082

 
82,978

Increase in unearned premiums, net of prepaid reinsurance
 
99,152

 
83,143

Decrease in net federal income taxes
 
1,698

 
9,887

Increase in premiums receivable
 
(107,190
)
 
(74,144
)
Increase in deferred policy acquisition costs
 
(20,516
)
 
(13,412
)
(Increase) decrease in interest and dividends due or accrued
 
(1,399
)
 
2

Decrease in accrued salaries and benefits
 
(29,124
)
 
(46,478
)
Increase in other assets
 
(22,320
)
 
(6,550
)
Decrease in other liabilities
 
(13,583
)
 
(64,372
)
Net cash provided by operating activities
 
165,140

 
92,257

 
 
 
 
 
Investing Activities
 
 

 
 

Purchase of fixed income securities, held-to-maturity
 

 
(3,650
)
Purchase of fixed income securities, available-for-sale
 
(891,241
)
 
(1,331,607
)
Purchase of equity securities
 
(24,699
)
 
(46,402
)
Purchase of other investments
 
(25,822
)
 
(26,032
)
Purchase of short-term investments
 
(3,258,852
)
 
(1,462,238
)
Sale of fixed income securities, available-for-sale
 
372,159

 
938,276

Sale of short-term investments
 
3,291,878

 
1,463,726

Redemption and maturities of fixed income securities, held-to-maturity
 
4,643

 
3,654

Redemption and maturities of fixed income securities, available-for-sale
 
236,705

 
311,590

Sale of equity securities
 
30,094

 
43,590

Sale of other investments
 
12,609

 
3,497

Distributions from other investments
 
14,489

 
15,927

Purchase of property and equipment
 
(16,985
)
 
(6,733
)
Net cash used in investing activities
 
(255,022
)
 
(96,402
)
 
 
 
 
 
Financing Activities
 
 

 
 

Dividends to stockholders
 
(22,940
)
 
(20,437
)
Acquisition of treasury stock
 
(