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Wednesday 4 November 2026 Export SIGI’s income statement to Excel — free account

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

103.09 2.52 +2.51%
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

Selective Insurance Group, Inc. (SIGI) valuation and DCF model

What the price implies · reverse DCF

At $103.09 the price implies 20.8% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew 11.0% a year over the last ten years, 11.0% over the last five. The price asks for about twice its ten-year rate. Return on equity averaged 11.4% over ten years; the price implies 14.0% for good.

In December 2017 the price assumed 26.8% a year; Selective Insurance Group, Inc. went on to grow the dividend a share 16.2% a year to FY2025.

Price implies
20.8%
Last 5 years, reported
11.0%
Last 10 years, reported
11.0%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
20.8% a year for ten years
$103.09
today’s price
Its base case
11.0% a year for five years, then 6.6%
$42.88
58.4% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Selective Insurance Group, Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 20.8% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Selective Insurance Group, Inc.’s own cost of capital: risk-free 4.3% + beta 0.21 × equity premium 4.5% = 5.2% cost of equity; weighted, 5.2%.

Use 5.2%
Base case value per share $42.88 ten years discounted, and what follows
Current price $103.09 market price per share
Below today’s price 58.4% downside at the base case’s assumptions

How we got there$17.25 10 years of dividends+$25.63 terminal value=$42.88 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Insurance Property & Casualty).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 12.06× 18.95× 17.86× 32% below 11.87× 2% above
P/FCF 5.19× 5.95× 6.92× 25% below 8.12× 36% below
P/B 1.83× 1.96× 1.89× 3% below 1.99× 8% below
EV/EBITDA — 13.68× 12.64× — 3.38× —
EV/Sales — 1.48× 1.50× — 3.90× —
P/E P/FCF P/B EV/EBITDA EV/Sales
9.91×12.96×16.01×19.05×10Y avg 12.64×2016201720182019202020212022202320242025

EV/EBITDA has no reading today; its 10-year average is 12.64×.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.