SELECTIVE INSURANCE GROUP, INC SGZA Cash Flow

Selective insurance group, inc (SGZA)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating Activities
Net Income (Loss) Attributable to Parent
225,511	271,623	235,524	234,809	221,362	178,939	163,421	154,704	137,311	168,826	177,944	169,728	171,903	158,495	164,524	173,018	163,185	165,861	161,822	167,988	163,561	141,827	125,812	105,303	103,084	106,418	82,391	68,012	41,178	37,963	54,689	18,447	19,626	22,033	29,199	64,364	81,663	66,966	0	0	0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization
54,342	55,205	52,259	51,430	49,952	44,874	48,898	48,462	50,418	52,100	54,271	56,925	59,926	61,671	61,383	60,758	60,274	59,688	58,155	55,519	48,809	45,346	41,659	39,270	40,891	43,461	42,168	42,246	42,093	38,693	38,771	37,934	36,392	34,645	33,855	33,226	32,320	31,770	0	0	0
Sale of renewal rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	8,000	8,000	8,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-997	-997	-997	-997	0	0	0	0	-	-	-	-	-3,780	0	0	0
Stock-based compensation expense
19,438	19,077	18,214	16,525	15,364	14,507	14,100	13,353	12,636	12,089	11,638	11,618	11,345	10,449	10,297	10,127	9,669	8,973	8,907	8,649	8,207	8,702	8,623	8,543	9,114	8,630	8,104	7,968	7,302	6,939	7,302	7,296	7,616	7,422	7,525	7,541	4,983	8,017	0	0	0
Undistributed gains of equity method investments
17,404	12,773	12,930	11,647	8,431	8,341	5,358	3,406	5,558	5,362	3,978	4,943	1,433	-318	-1,157	-1,449	586	-1,889	-759	-2,102	-3,421	153	177	355	257	-202	-809	-1,574	-1,313	-1,651	-2,560	-899	-2,923	323	4,167	4,597	7,299	8,712	0	0	0
Proceeds from equity investments, in excess of current year earnings
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Investments
-43,695	14,422	-22,640	-25,244	-30,923	-54,923	-18,116	-6,531	-3,145	6,359	-199	-3,309	-3,278	-4,937	149	-3,231	-8,416	13,171	15,382	30,305	38,264	26,599	25,780	23,980	24,595	20,732	27,480	12,961	7,985	8,988	-173	-1,130	838	2,240	2,049	4,151	-1,259	-7,083	0	0	0
Distributions in excess of current year income of equity method investments
-	-	-	-	-	2,924	3,210	1,450	1,433	552	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of fixed assets
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense (benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Retirement income plan curtailment expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16	-16	-16	-16	0	0	0	0	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Increase in reserve for loss and loss expense, net of reinsurance recoverable
129,702	149,232	158,319	190,392	182,129	168,288	146,717	130,052	132,089	106,226	128,037	131,588	100,935	114,422	90,187	34,815	56,864	59,438	70,627	70,383	83,475	97,449	125,048	174,922	171,419	151,037	140,176	114,751	97,008	64,763	-6,216	27,543	41,020	56,905	109,198	41,820	29,204	41,526	0	0	0
(Decrease) increase in unearned premiums, net of prepaid reinsurance
37,503	82,253	79,983	94,067	85,700	78,058	84,294	79,124	74,496	79,614	78,118	82,240	82,665	87,716	84,024	85,315	80,930	79,995	85,160	80,007	54,383	32,671	22,733	45,314	64,234	74,086	83,783	72,817	71,101	82,764	97,787	91,323	76,806	46,334	16,032	-9,730	-27,011	-26,661	0	0	0
Decrease in net federal income taxes
-4,047	7,721	-13,503	-5,761	10,856	2,428	33,583	33,542	17,588	30,918	15,290	16,033	22,800	11,150	8,558	8,152	19,266	25,004	25,707	37,921	38,025	31,323	39,440	24,297	13,876	14,834	2,228	-1,583	-6,749	-7,812	8,748	-3,287	-1,064	372	13,665	26,558	29,938	16,577	0	0	0
Decrease (increase) in premiums receivable
-16,585	53,383	33,557	56,535	48,601	23,489	57,137	56,833	58,636	65,418	58,197	57,785	53,333	66,447	57,623	58,964	57,456	56,386	62,280	57,974	42,976	33,908	22,472	21,094	33,322	40,482	49,261	44,935	29,189	18,094	35,011	49,393	54,265	45,116	17,475	-1,974	-27,057	-32,472	0	0	0
Decrease (increase) in deferred policy acquisition costs
0	-	0	0	0	-	0	0	-13,312	-	-12,588	-12,461	-12,136	-9,405	-32,834	-29,772	-26,110	-27,551	-1,269	-4,117	-10,976	-12,627	-22,446	-17,907	-15,724	-17,458	27,670	6,431	-8,229	-19,762	-22,693	-20,791	-17,343	-7,777	-4,058	2,756	6,753	6,781	0	0	0
Decrease (increase) in interest and dividends due or accrued
1,855	3,226	2,072	1,941	167	540	-72	882	1,734	1,088	1,205	647	2,219	1,473	1,928	1,018	-425	-407	475	780	1,440	1,536	1,409	667	1,342	1,372	298	98	256	-468	589	381	-1,386	-633	-1,073	1,641	1,276	2,361	0	0	0
Decrease in accrued salaries and benefits
-17,941	-3,748	-6,181	-9,064	-23,584	-26,418	-22,408	-22,489	-10,519	-5,714	-2,587	-27,636	-55,979	-46,536	-52,023	-19,040	567	11,392	6,438	1,204	-1,603	-7,182	-3,559	-1,699	1,344	18,685	9,454	6,059	7,361	6,533	9,334	-3,623	1,141	1,521	-17,511	-15,388	-12,789	-14,913	0	0	0
Decrease (increase) in other assets
26,043	39,337	22,301	16,142	-589	372	10,220	5,331	5,804	2,643	-4,997	4,964	1,362	4,979	13,915	14,657	16,073	11,523	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in other liabilities
17,808	34,998	21,508	37,446	11,275	-13,343	-19,761	11,609	12,085	27,297	42,498	-4,834	6,918	9,191	27,797	17,254	38,324	77,564	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in accrued insurance expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,996	3,050	-135	14,444	15,427	7,853	9,929	8,831	6,435	1,909	2,970	-636	-4,370	-1,512	-4,365	-4,470	0	0	0
Increase (decrease) in other assets and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,198	16,997	-26,629	16,642	-4,126	-22,401	980	-32,750	-2,861	-5,663	-13,802	-8,534	-20,863	-17,886	1,741	-1,330	0	0	0
Net adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	130,442	205,595	240,664	229,706	214,543	204,426	177,806	188,736	109,462	96,872	111,196	100,924	153,262	96,407	72,417	92,219	0	0	0
Net cash provided by operating activities
470,173	477,495	478,658	527,827	509,288	454,944	381,712	376,351	347,309	379,545	442,353	365,833	340,233	329,509	300,021	275,110	334,813	381,580	333,677	325,688	257,573	232,763	256,254	310,898	343,748	336,124	296,934	272,438	218,984	226,699	164,151	115,319	130,822	122,957	182,461	160,771	154,080	159,185	0	0	0
Investing Activities
Purchase of fixed income securities, available-for-sale
1,700,702	1,856,125	2,274,777	2,477,837	2,518,149	2,918,203	2,587,141	2,267,827	2,280,498	2,130,362	2,657,244	2,764,627	2,442,075	1,982,023	1,153,015	989,696	1,068,744	1,041,916	1,014,277	968,012	898,807	843,616	791,246	878,347	943,907	1,069,387	1,047,137	988,967	966,675	884,911	814,081	661,630	600,018	487,813	658,686	864,132	979,932	1,007,679	0	0	0
Purchase of commercial mortgage loans
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of equity securities
85,206	46,397	76,743	72,641	62,773	94,344	75,285	86,218	86,121	61,931	55,223	40,809	41,999	35,490	27,750	35,130	52,794	195,720	193,207	251,519	275,159	186,019	190,859	187,412	179,430	118,072	155,571	85,949	44,111	83,833	43,451	67,840	130,495	150,551	171,366	163,359	107,057	71,192	0	0	0
Purchase of other investments
80,163	64,908	62,588	68,368	67,285	68,578	68,482	59,741	58,090	55,830	65,756	70,551	64,652	66,164	40,575	26,957	23,169	12,170	8,708	7,525	7,726	10,617	9,966	10,978	11,618	9,332	11,804	11,028	12,329	12,990	13,305	14,673	14,015	16,033	18,103	17,238	17,967	20,673	0	0	0
Purchase of short-term investments
5,758,223	6,087,909	5,656,788	6,056,348	5,921,495	4,259,734	3,966,089	3,483,486	4,007,192	4,280,553	5,218,180	5,067,189	4,224,037	3,499,380	1,824,557	1,561,545	1,572,005	1,602,327	1,412,725	1,377,709	1,345,325	1,410,123	1,518,820	1,704,395	1,810,650	2,056,576	2,124,120	2,056,857	2,011,755	1,735,691	1,649,467	1,549,725	1,500,223	1,448,782	1,362,601	1,479,598	1,754,839	1,741,738	0	0	0
Purchase of subsidiary, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-255	51,473	51,473	51,473	51,728	0	0	0	-	-	-	-
Sale of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,225	1,376	1,531	689	751	833	927	1,024	1,152	1,216	860	549	978	0	0	0
Sale of fixed income securities, available-for-sale
477,960	594,700	1,109,800	1,464,600	1,573,711	2,030,700	1,768,609	1,419,128	1,278,495	1,197,900	1,705,013	1,621,428	1,508,370	926,470	72,696	61,362	65,171	61,571	37,826	53,768	59,005	51,002	48,774	32,832	14,577	20,126	18,253	72,724	96,115	103,572	152,832	120,030	145,836	146,435	118,388	126,432	165,713	190,438	0	0	0
Sale of short-term investments
5,531,692	6,129,885	5,635,774	5,929,682	5,814,158	4,101,530	3,877,915	3,453,152	4,064,498	4,338,318	5,170,585	5,138,049	4,086,024	3,470,022	1,780,808	1,524,444	1,593,249	1,539,480	1,468,463	1,375,848	1,358,683	1,452,402	1,509,315	1,724,407	1,836,357	2,096,805	2,136,911	2,006,180	2,022,788	1,738,255	1,667,947	1,597,258	1,522,734	1,433,441	1,464,833	1,680,692	1,880,535	1,794,434	0	0	0
Redemption and maturities of fixed income securities, held-to-maturity
15,975	16,149	18,245	13,095	12,201	12,106	26,663	33,756	42,789	58,832	64,774	86,983	81,995	102,868	100,835	82,532	123,301	106,621	97,012	113,524	84,739	73,415	85,007	96,993	97,336	116,584	114,547	109,294	108,025	118,260	130,108	134,942	177,746	177,350	219,819	247,495	277,355	319,835	0	0	0
Redemption and maturities of fixed income securities, available-for-sale
767,800	626,686	596,099	564,031	564,974	638,916	571,637	566,376	599,373	555,216	597,263	677,710	627,240	641,524	647,812	576,694	552,425	567,445	549,387	515,243	524,119	482,816	437,021	449,467	493,187	513,804	555,699	529,663	480,808	439,957	364,825	293,190	227,149	162,796	142,247	199,463	251,820	298,171	0	0	0
Sale of equity securities
134,899	137,300	158,900	99,800	76,321	113,300	98,693	75,311	73,197	38,000	39,204	42,113	120,835	119,617	123,753	120,806	47,794	172,561	170,235	231,560	275,537	208,008	192,384	185,572	177,305	115,782	152,390	85,770	44,227	101,740	58,829	58,584	60,748	60,071	81,729	101,431	138,432	98,015	0	0	0
Sale of other investments
12,969	17,964	18,016	12,609	4,995	3,497	3,497	3,497	3,497	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,357	16,357	16,357	3,020	0	0	0	0
Distributions from other investments
11,774	19,972	24,013	26,941	33,508	28,379	28,222	28,470	22,081	21,843	22,731	20,122	22,191	24,202	28,931	27,997	34,606	32,457	29,298	30,888	20,915	20,774	15,007	13,688	14,296	12,039	21,437	22,435	22,949	24,801	23,866	20,019	21,799	25,622	19,604	21,300	31,528	22,406	0	0	0
Purchase of property and equipment
31,447	30,986	29,384	26,362	21,945	16,110	13,415	13,757	11,254	14,071	16,532	17,007	19,645	18,147	17,781	16,825	15,604	16,229	18,201	16,473	13,875	15,510	12,708	13,890	16,049	14,023	13,990	12,847	14,289	12,879	12,274	15,774	12,721	11,824	11,392	6,795	7,022	6,522	0	0	0
Sale of renewal rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	8,000	8,000	8,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-716,722	-543,623	-539,321	-594,308	-518,962	-435,688	-342,393	-335,043	-359,209	-332,658	-413,365	-373,778	-349,988	-320,736	-316,394	-243,869	-319,086	-391,543	-294,897	-300,407	-217,894	-169,468	-228,091	-284,063	-319,596	-391,025	-352,009	-328,050	-273,557	-202,712	-184,810	-136,165	-151,909	-143,507	-157,955	-137,092	-117,865	-123,527	0	0	0
Financing Activities
Dividends to stockholders
49,526	47,675	45,843	44,600	43,356	42,097	40,824	39,560	38,293	37,045	35,788	35,111	34,443	33,758	33,089	32,410	31,731	31,052	30,377	29,725	29,071	28,428	27,783	27,662	27,540	27,416	27,288	27,170	27,055	26,944	26,838	26,730	26,621	26,513	26,403	26,282	26,169	26,056	0	0	0
Acquisition of treasury stock
8,507	8,164	8,204	7,026	7,025	6,556	6,433	6,312	6,559	6,015	6,012	6,521	6,719	4,992	5,280	5,018	4,447	4,182	4,530	4,360	4,490	3,563	3,341	3,217	3,193	3,716	3,636	3,678	3,656	3,495	3,358	3,317	3,260	2,741	2,695	2,694	2,669	1,686	0	0	0
Net proceeds from stock purchase and compensation plans
8,008	8,243	7,850	8,422	7,577	7,252	7,856	7,484	7,471	7,599	7,649	7,488	7,896	7,811	8,979	10,420	9,296	10,089	9,745	8,229	8,293	7,283	6,368	6,441	7,216	7,119	6,559	6,384	5,235	4,840	4,879	4,881	4,772	5,011	4,596	5,007	5,345	4,962	0	0	0
Proceeds from borrowings
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of borrowings
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of notes payable, net of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	178,435	178,435	178,435	178,623	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from borrowings
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of borrowings
-	-	-	-	-	-	-	-	95,000	84,000	109,000	124,000	154,000	115,000	70,000	55,000	25,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance Lease, Principal Payments
835	977	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100,000	100,000	100,000	100,000	0	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	1,819	2,155	1,948	1,699	1,736	1,494	1,614	1,648	1,020	1,090	1,033	1,044	1,545	1,635	1,654	1,461	1,060	1,004	968	961	-90	-139	-116	-69	-744	0	0	0
Repayments of Long-term Capital Lease Obligations
-	-	-	-	-	-	-	-	3,708	-	4,429	4,595	5,055	5,002	5,012	5,019	4,665	4,689	4,500	4,218	3,500	2,841	2,173	2,037	1,542	1,083	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
250,641	57,184	57,994	57,644	3,256	-47,047	-45,146	-41,588	13,911	-39,582	-23,678	11,319	12,137	15,878	2,753	-30,079	-29,848	-13,098	-26,168	-26,460	-25,120	-39,529	-25,839	-25,442	-24,203	54,884	54,937	55,625	54,608	-24,539	20,687	20,802	20,852	20,667	-24,641	-24,085	-35,862	-35,824	0	0	0
Net decrease in cash and restricted cash
-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	0	0
Net increase (decrease) in cash and restricted cash
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-