Wednesday 14 October 2026
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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. In the quarter to June 2026, revenue grew 4.54%, EPS grew 55.2%, free cash flow grew 34.6% and total debt was flat, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for ten; insiders bought in the last twelve months.
86.21
1.06
+1.24%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 29.27 | 38.50 | 53.55 | 58.06 | 37.05 | 62.81 | 66.81 | 87.66 | 81.00 | 71.75 |
Analyst estimates 2026–2028 Powerpack |
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| High | 44.00 | 62.40 | 67.17 | 81.35 | 70.89 | 91.46 | 98.80 | 108.18 | 109.58 | 96.49 | |||||
| People | |||||||||||||||
| People | Employees | 2,250 | 2,260 | 2,290 | 2,400 | 2,400 | 2,440 | 2,520 | 2,650 | 2,840 | 2,800 | ||||
| Revenue/emp, $m | 1.02 | 1.09 | 1.13 | 1.19 | 1.22 | 1.38 | 1.41 | 1.60 | 1.71 | 1.91 | |||||
| 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 | ||||
| Gross margin, % | 45.94 | 45.54 | 42.07 | 45.49 | 44.02 | 46.32 | 40.65 | 41.30 | 34.91 | 40.83 | |||||
| EBT | 220 | 262 | 212 | 336 | 303 | 505 | 280 | 458 | 258 | 590 | |||||
| EBT margin, % | 9.63 | 10.61 | 8.19 | 11.82 | 10.37 | 14.95 | 7.87 | 10.83 | 5.31 | 11.05 | |||||
| Net income | 158 | 169 | 179 | 272 | 246 | 404 | 225 | 365 | 207 | 466 | |||||
| Depreciation | 62 | 52 | 45 | 55 | 59 | 55 | 42 | 30 | 35 | 33 | |||||
| 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 | ||||
| Earnings | 2.74 | 2.84 | 3.00 | 4.53 | 4.09 | 6.50 | 3.54 | 5.84 | 3.23 | 7.49 | |||||
| Cash flow | 5.69 | 6.49 | 7.72 | 8.04 | 9.26 | 12.82 | 13.28 | 12.52 | 18.07 | 20.34 | |||||
| Capex | (0.31) | (0.24) | (0.27) | (0.52) | (0.37) | (0.37) | (0.43) | (0.37) | (0.51) | (0.64) | |||||
| Free cash flow | 5.38 | 6.25 | 7.44 | 7.51 | 8.89 | 12.45 | 12.85 | 12.14 | 17.56 | 19.70 | |||||
| Book value | 26.45 | 29.30 | 30.40 | 36.94 | 45.75 | 49.56 | 41.84 | 48.73 | 51.26 | 59.53 | |||||
| Shares, m | 58 | 58 | 59 | 59 | 60 | 60 | 60 | 61 | 61 | 61 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 16.01 | 20.16 | 20.31 | 14.42 | 16.42 | 12.57 | 25.33 | 17.17 | 29.04 | 11.17 | ||||
| P/S | 1.10 | 1.36 | 1.39 | 1.36 | 1.37 | 1.46 | 1.52 | 1.43 | 1.17 | 0.95 | |||||
| P/B | 1.64 | 1.96 | 2.00 | 1.76 | 1.58 | 1.77 | 2.33 | 2.20 | 1.95 | 1.49 | |||||
| EV/Sales | 1.31 | 1.54 | 1.57 | 1.57 | 1.61 | 1.65 | 1.70 | 1.59 | 1.30 | 1.15 | |||||
| EV/FCF | 9.38 | 10.17 | 9.11 | 9.84 | 8.73 | 7.34 | 7.73 | 9.04 | 5.85 | 5.09 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 330 | 380 | 455 | 477 | 554 | 771 | 802 | 759 | 1,100 | 1,233 | ||||
| Capex | (18) | (14) | (16) | (31) | (22) | (22) | (26) | (23) | (31) | (39) | |||||
| Free cash flow | 311 | 365 | 439 | 447 | 532 | 749 | 776 | 736 | 1,069 | 1,194 | |||||
| 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) | ||||
| Total debt | 439 | 439 | 440 | 551 | 551 | 506 | 505 | 504 | 508 | 902 | |||||
| Net debt | 438 | 394 | 423 | 543 | 536 | 461 | 479 | 491 | 445 | 884 | |||||
| Shareholders’ equity | 1,531 | 1,713 | 1,792 | 2,195 | 2,739 | 2,983 | 2,528 | 2,954 | 3,120 | 3,609 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 2.22 | 2.24 | 2.29 | 3.24 | 2.67 | 3.92 | 2.03 | 3.15 | 1.56 | 3.19 | ||||
| ROIC | 7.70 | 8.49 | 6.66 | 8.45 | 6.37 | 9.70 | 6.42 | 8.84 | 5.03 | 8.89 | |||||
| ROE | 10.82 | 10.41 | 10.21 | 13.63 | 10.41 | 14.83 | 8.44 | 14.01 | 6.97 | 14.45 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| THG The Hanover Insurance Group, Inc. | $7.8B | 10.7× | 10.4× | +4.34% (above 0%: growing) | +27.21% (above 0%: growing) | +2.20% (above 0%: growing) | 44.24% | 14.75% | Compare |
| KNSL Kinsale Capital Group, Inc. | $7.7B | 14.1× | 15.2× | +16.75% (above 0%: growing) | +33.51% (above 0%: growing) | −5.14% (below 0%: shrinking) | 40.91% | 40.68% | Compare |
| MCY Mercury General Corporation | $5.7B | 6.1× | 8.7× | +13.80% (above 0%: growing) | +58.14% (above 0%: growing) | −45.52% (below 0%: shrinking) | 27.24% | 19.93% | Compare |
| RLI RLI Corp. | $5.2B | 12.1× | 19.5× | +15.15% (above 0%: growing) | +35.82% (above 0%: growing) | −17.87% (below 0%: shrinking) | 43.61% | 36.86% | Compare |
| HGTY Hagerty, Inc. | $5.2B | 93.1× | — (loss-making) | −6.46% (below 0%: shrinking) | n/m | +238.74% (above 0%: growing) | 100.00% | 18.38% | Compare |
| SIGI Selective Insurance Group, Inc. | $5.1B | 10.7× | 11.4× | +4.54% (above 0%: growing) | +55.15% (above 0%: growing) | +34.56% (above 0%: growing) | 41.15% | 12.69% | |
| WTM White Mountains Insurance Group, Ltd. | $5.0B | 4.8× | 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. | $3.5B | 17.8× | 13.7× | +54.65% (above 0%: growing) | +14.94% (above 0%: growing) | +38.21% (above 0%: growing) | 23.77% | 23.77% | Compare |
| LMND Lemonade, Inc. | $3.5B | — (loss-making) | — (loss-making) | +79.40% (above 0%: growing) | n/m | −335.29% (below 0%: shrinking) | 47.69% | (14.20%) | Compare |
| Median of peers | $5.2B | 12.1× | 12.1× | +15.95% | +34.67% | −11.50% | 43.93% | 21.85% |
Selective Insurance Group, Inc. (SIGI) key facts
- Strength: Selective Insurance Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 9.78% from fiscal 2024.
- Strength: Net income was $466.4 million, or $7.49 per share (basic), a net margin of 8.57%.
- Selective Insurance Group, Inc. (SIGI) is an Insurance Property & Casualty company in the Financial sector, listed on Nasdaq.
- As of October 14, 2026, SIGI traded at $86.21, a market capitalization of $5.1 billion.
- At that price the stock trades at 10.7× trailing-twelve-month earnings and 0.9× sales; its P/E is higher than 2% of its own readings over the past ten years.
- Selective Insurance Group, Inc. pays an annual dividend of $1.72 per share, a yield of 2.00%, with a payout ratio of 21.3%.
- Return on equity was 14.5% and debt-to-equity 0.25.
- Its Piotroski F-score is 6 out of 9 for fiscal 2025.