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Selective Insurance Group, Inc.

SIGI Financial Insurance Property & Casualty

Selective Insurance Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 9.78% from fiscal 2024.

Revenue
−2.49%
EPS
+14.1%
Free cash flow
−12.7%
Total debt
−0.09%

Quarter to September 2026, against a year earlier

103.07 2.50 +2.49%
Market cap
$5.9B
P/E
12.1×
Fwd P/E
11.7×
Dividend yield
2.19%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2023

  • Standard Commercial Lines
  • E&S Lines
  • Investments
  • Standard Personal Lines

Every year since 2018 →

Insider Decisions last twelve months

Bought, $m 0.05
Sold, $m 2.15
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — — — — — — —
Sell — — 2 — — — — 1 — — 1 —
Insider Ownership 1.32%

Capital & Financial Ratios $m

Size
Market Cap 5,930.00
Revenue ttm 5,437.15
Net income ttm 510.95
Free cash flow ttm 1,138.64
Net debt Q 886.15
Valuation
P/E 12.06
Forward P/E 11.70
Price / sales 1.09
Forward P/S Powerpack
Price / FCF 5.19
Price / book 1.83
Financial health
Current ratio Q 0.25
Debt / equity Q 0.26
Interest coverage Q 13.27
Growth
Revenue growth Q −2.49% (below 0%: shrinking)
Operating income growth Q +10.28% (above 0%: growing)
EPS, this year +16.78% (at or above 15%: strong)
EPS, next year A +4.11%
Revenue, next year A +1.29%
EPS, past 5 yrs +12.86%
EPS, next 5 yrs A +9.61%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 15.27%
10-year low 10-year high
P/S against its own 10 years 26.72%
10-year low 10-year high
P/B against its own 10 years 48.84%
10-year low 10-year high

Dividends raised every year since 2018

Yield
2.19%
Annual rate
2.20
Payout ratio
26.4%
Growth, 2018–26
+11.5%/yr
  1. 0.74 ’18
  2. 0.83 ’19 +12
  3. 0.94 ’20 +13
  4. 1.03 ’21 +10
  5. 1.14 ’22 +11
  6. 1.25 ’23 +10
  7. 1.43 ’24 +14
  8. 1.57 ’25 +10
  9. 1.77 ’26 +13
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 13 63 18 15
Receivables 1,970 2,529 2,449 2,676
Inventory — — — —
Other — — — —
1,983 2,592 2,467 2,691
2023 2024 2025 Q'26
Payables 7,668 9,206 9,971 10,731
ST’ Debt — — — —
Other — — — —
7,790 9,328 10,112 10,873

Compound Annual Growth %

10y 5y 3y
Sales 9.61% 12.80% 14.47%
Cash Flow 12.44% 17.35% 15.40%
Earnings 10.67% 13.16% 28.46%
Book Value 9.95% 5.67% 12.61%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.91 Actual 2.37

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 2.24 2.57 Beat by 0.33
Q1 FY26 1.73 1.69 Miss by 0.04
Q2 FY26 1.72 1.95 Beat by 0.23
Q3 FY26 1.91 2.37 Beat by 0.46
Q4 FY26 2.65 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.58 2.11 2.11 — —
’25 1.76 1.36 1.85 2.52 7.49
’24 1.31 (1.08) 1.47 1.52 3.23
’23 1.48 0.92 1.42 2.01 5.84
’22 0.89 0.61 0.66 1.38 3.54
’21 1.77 1.98 1.18 1.59 6.50
’20 0.25 0.57 1.16 2.10 4.09
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,359 1,387 1,326 — —
’25 1,285 1,327 1,360 1,365 5,337
’24 1,165 1,196 1,244 1,256 4,862
’23 1,000 1,041 1,081 1,111 4,232
’22 846 865 895 952 3,558
’21 804 841 865 870 3,379
’20 665 682 777 798 2,922
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 221 229 367 — —
’25 284 167 406 376 1,233
’24 114 266 387 332 1,100
’23 136 158 229 237 759
’22 93 151 242 317 802
’21 130 162 251 228 771
’20 39 158 183 173 554
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 211 215 347 — —
’25 271 160 397 366 1,194
’24 108 258 378 325 1,069
’23 130 154 223 229 736
’22 85 144 234 313 776
’21 126 157 245 221 749
’20 31 154 178 169 532
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 20.4% a year for ten years. It grew 11.0% a year over the last ten.

Implied
20.4%
10 years, reported
11.0%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,284 2,470 2,586 2,846 2,922 3,379 3,558 4,232 4,862 5,337 5,437 +9.9% 5,406 5,300 5,396 +0.4%
Gross margin, % 45.94 45.54 42.07 45.49 44.02 46.32 40.65 41.30 34.91 40.83 41.83 (5.1) pt
EBT 220 262 212 336 303 505 280 458 258 590 645 +11.6%
EBT margin, % 9.63 10.61 8.19 11.82 10.37 14.95 7.87 10.83 5.31 11.05 11.87 +1.4 pt
Net income 158 169 179 272 246 404 225 365 207 466 511 +12.7%
Per share, $
Per share, $ Revenue 39.46 42.25 43.87 47.90 48.82 56.15 58.90 69.80 79.87 88.04 91.73 +9.3%
Earnings 2.74 2.84 3.00 4.53 4.09 6.50 3.54 5.84 3.23 7.49 8.32 +11.8%
Cash flow 5.69 6.49 7.72 8.04 9.26 12.82 13.28 12.52 18.07 20.34 20.14 +15.2%
Capex (0.31) (0.24) (0.27) (0.52) (0.37) (0.37) (0.43) (0.37) (0.51) (0.64) (0.93) +8.2%
Free cash flow 5.38 6.25 7.44 7.51 8.89 12.45 12.85 12.14 17.56 19.70 19.21 +15.5%
Book value 26.45 29.30 30.40 36.94 45.75 49.56 41.84 48.73 51.26 59.53 58.13 +9.4%
Shares, m 58 58 59 59 60 60 60 61 61 61 60 +0.5%
Valuation, ×
Valuation, × P/E 16.01 20.16 20.31 14.42 16.42 12.57 25.33 17.17 29.04 11.17 12.06 18.3
P/S 1.10 1.36 1.39 1.36 1.37 1.46 1.52 1.43 1.17 0.95 1.09 1.3
P/B 1.64 1.96 2.00 1.76 1.58 1.77 2.33 2.20 1.95 1.49 1.83 1.9
EV/Sales 1.31 1.54 1.57 1.57 1.61 1.65 1.70 1.59 1.30 1.15 — 1.5
EV/FCF 9.38 10.17 9.11 9.84 8.73 7.34 7.73 9.04 5.85 5.09 — 8.2
Cash, $m
Cash, $m Operating cash flow 330 380 455 477 554 771 802 759 1,100 1,233 1,194 +15.8%
Capex (18) (14) (16) (31) (22) (22) (26) (23) (31) (39) (55) +8.8%
Free cash flow 311 365 439 447 532 749 776 736 1,069 1,194 1,139 +16.1%
Balance, $m
Balance, $m Working capital (3,784) (3,866) (4,106) (4,312) (4,555) (4,915) (5,359) (5,806) (6,736) (7,644) (8,181) +8.1%
Net debt 438 394 423 543 536 461 479 491 445 884 886 +8.1%
Shareholders’ equity 1,531 1,713 1,792 2,195 2,739 2,983 2,528 2,954 3,120 3,609 3,446 +10.0%
Returns, %
Returns, % ROA 2.22 2.24 2.29 3.24 2.67 3.92 2.03 3.15 1.56 3.19 3.27 +1.0 pt
ROIC 7.70 8.49 6.66 8.45 6.37 9.70 6.42 8.84 5.03 8.89 10.07 +1.2 pt
ROE 10.82 10.41 10.21 13.63 10.41 14.83 8.44 14.01 6.97 14.45 15.35 +3.6 pt
People
People Employees 2,250 2,260 2,290 2,400 2,400 2,440 2,520 2,650 2,840 2,800 — +2.5%
Revenue/emp, $m 1.02 1.09 1.13 1.19 1.22 1.38 1.41 1.60 1.71 1.91 — +7.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Selective Insurance Group is a U.S. property and casualty insurance holding company. Its insurance subsidiaries sell coverage to businesses, nonprofit organizations, local government agencies and individuals. It was founded in 1926, and John Marchioni is its chairman, president and chief executive officer.

Property insurance generally covers accidental damage to property or the loss of earnings associated with that damage. Casualty insurance generally covers liabilities such as injuries or property damage caused to others, the cost of defending covered claims, and injuries employees suffer at work. Selective offers policies including commercial property, commercial automobile, general liability, workers compensation, homeowners and personal automobile coverage.

Where the money comes from and where it goes Fiscal 2023

Fiscal 2023: revenue by segment, and margins
Standard Commercial Lines 3,072 72.58%
E&S Lines 391 9.23%
Investments 385 9.10%
Standard Personal Lines 365 8.63%
Gross margin 41.30%
Operating margin 11.51%
Pre-tax margin 10.83%

Revenue by segment since 2018

Selective Insurance Group, Inc. vs peers in Insurance Property & Casualty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ORI Old Republic International Corporation $9.3B 8.5× 8.9× +5.21% (above 0%: growing) −11.55% (below 0%: shrinking) −23.85% (below 0%: shrinking) 11.68% 11.68% Compare
KNSL Kinsale Capital Group, Inc. $8.6B 16.6× 16.2× −8.58% (below 0%: shrinking) −28.76% (below 0%: shrinking) −9.58% (below 0%: shrinking) 27.99% 27.89% Compare
THG The Hanover Insurance Group, Inc. $8.5B 11.7× 11.6× +4.23% (above 0%: growing) +1.22% (above 0%: growing) −6.06% (below 0%: shrinking) 42.97% 13.27% Compare
RLI RLI Corp. $6.1B 15.6× 16.0× −6.34% (below 0%: shrinking) −34.81% (below 0%: shrinking) +8.17% (above 0%: growing) 29.66% 22.52% Compare
SIGI Selective Insurance Group, Inc. $5.9B 12.1× 11.7× −2.49% (below 0%: shrinking) +14.05% (above 0%: growing) −12.67% (below 0%: shrinking) 42.49% 13.22%
HGTY Hagerty, Inc. $5.9B 106× 77.9× −6.46% (below 0%: shrinking) n/m +1.36% (above 0%: growing) 100.00% 18.38% Compare
MCY Mercury General Corporation $5.7B 8.9× 7.0× −12.84% (below 0%: shrinking) n/m −22.67% (below 0%: shrinking) 7.63% (0.92%) Compare
WTM White Mountains Insurance Group, Ltd. $5.5B 5.2× 5.1× +22.55% (above 0%: growing) +68.75% (above 0%: growing) −131.27% (below 0%: shrinking) 54.44% 32.51% Compare
PLMR Palomar Holdings, Inc. $3.7B 18.5× 17.7× +54.65% (above 0%: growing) +14.94% (above 0%: growing) +38.21% (above 0%: growing) 23.77% 23.77% Compare
Median of peers $6.0B 13.6× 13.8× −1.05% −5.16% −7.82% 28.83% 20.45%

All 46 Insurance Property & Casualty stocks →

From the latest earnings call

Updated

  • CEO John Marchioni said Selective is reducing retention on underperforming commercial policies while expanding distribution to find new business that meets its pricing objectives.
  • CFO Patrick Brennan said Selective raised its full-year investment income forecast and lowered its catastrophe-loss assumption while retaining its combined-ratio range.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 88.83%
Held by the ten largest 50.85%
Holder Shares Stake Change
BlackRock 7.78m 13.06% +278.99k
Vanguard 6.70m 11.24% +33.98k
AQR Capital Management 3.34m 5.61% −589.70k
State Street 2.45m 4.12% +125.10k
American Century 2.23m 3.74% +961.70k
Fidelity (FMR) 1.94m 3.26% −559.56k
Geode Capital Management 1.83m 3.06% +116.33k
First Trust 1.61m 2.70% +228.27k
Dimensional Fund Advisors 1.45m 2.43% +90.36k
Morgan Stanley 971.85k 1.63% −150.24k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 26 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 6.86m 6.11m 134.47
2024 6.31m 5.81m 147.43
2023 5.98m 7.60m 154.53
2022 5.81m 7.10m 135.96
2021 5.44m 7.47m 123.98

Ownership

Directors and executive officers, together 1.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Selective Insurance Group, Inc. (SIGI) Latest News

26 Oct

Impact 4 · · StockStory
Impact 3 · · StockStory
Impact 3 · · StockStory

25 Oct

Impact 4 · · The Motley Fool

24 Oct

Impact 4 · · StockStory

23 Oct

Impact 4 · · MarketBeat
Impact 4 · · Moby
Impact 3 · · Simply Wall St.
Impact 3 · · The Motley Fool transcript

22 Oct

Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Associated Press

21 Oct

Impact 3 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · StockStory

15 Oct

Impact 3 · · Zacks

12 Oct

Impact 3 · · Zacks

9 Oct

Impact 3 · · StockStory

6 Oct

Impact 3 · · Business Wire

5 Oct

Impact 3 · · StockStory

1 Oct

Impact 3 · · Zacks

27 Sep

Impact 3 · · Simply Wall St.

25 Sep

Impact 3 · · Zacks

17 Sep

Impact 3 ·

4 Aug

Impact 3 ·

30 Jul

Impact 3 ·

27 Jul

Impact 3 ·

26 Jul

Impact 3 ·

SIGI metrics, ten years each

stockrow.com/SIGI · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com