Selective Insurance Group, Inc.
SIGIP
NASDAQ Global Select16.12
USD
+0.04
- -
Selective Insurance Group, Inc.
SIGIP
(NASDAQ Global Select)
Recent
price
16.15
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Selective Insurance Group, Inc. (SIGIP) is a holding company that, together with its subsidiaries, provides property and casualty insurance products and services to businesses, non-profit organizations, local government agencies, and individuals throughout the United States; it operates through four segments comprising Standard Commercial Lines, Standard Personal Lines, Excess and Surplus (E&S) Lines, and Investments. The company offers property insurance covering accidental loss of real property, personal property, and/or earnings due to property loss; casualty insurance covering employee injuries, bodily injury, and/or property damage to third parties; and flood insurance products, with services distributed through independent retail agents and wholesale general agents. Selective also maintains an investment portfolio including fixed income investments, commercial mortgage loans, equity securities, short-term investments, and alternative investments. Founded in 1926 and headquartered at 40 Wantage Avenue in Branchville, New Jersey, the company employs approximately 2,800 people and focuses on industries such as standard commercial lines (79% of 2024 net premiums written), E&S lines, and personal lines targeting mass-affluent markets, with operations spanning 27 states including recent expansions into New Hampshire, Arizona, Colorado, Utah, and Mexico. Recent developments include accelerated geographic expansion adding 13 states to its Standard Commercial Lines footprint since 2017 aiming for near-national presence with targets of 3% market share in existing areas and 25% agent market share; strong financial performance in first half 2025 with GAAP combined ratio improving to 98.2% from 103.0% in 2024, E&S Lines growth of 14% with 91.1% combined ratio, and after-tax net investment income up 12.9% contributing 18% year-over-year increase in Q2; revised 2025 guidance for GAAP combined ratio of 97-98% including catastrophe losses; a new $200 million share repurchase authorization; and 11 consecutive years of dividend increases alongside 13% hike announced in Q3 2025, supported by $451 million in operating cash flow year-to-date and strong credit ratings.