Selective insurance group, inc (SIGI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating Activities
Net Income (Loss) Attributable to Parent

271,623

178,939

168,826

158,495

165,861

141,827

106,418

37,963

22,033

66,966

36,398

43,758

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization

55,205

44,874

52,100

61,671

59,688

45,346

43,461

38,693

34,645

31,770

28,593

28,552

Sale of renewal rights

-

-

-

-

-

8,000

0

0

-

-

-

-

Loss on disposal of discontinued operations

-

-

-

-

-

-

-997

0

-650

-3,780

-1,174

0

Stock-based compensation expense

19,077

14,507

12,089

10,449

8,973

8,702

8,630

6,939

7,422

8,017

11,256

17,215

Undistributed gains of equity method investments

12,773

8,341

5,362

-318

-1,889

153

-202

-1,651

323

8,712

-21,726

-13,753

Gain (Loss) on Investments

14,422

-54,923

6,359

-4,937

13,171

26,599

20,732

8,988

2,240

-7,083

-45,970

-49,452

Distributions in excess of current year income of equity method investments

2,807

2,924

552

0

-

-

-

-

-

-

-

-

Loss on disposal of fixed assets

-42

-63

-998

0

0

104

0

0

-

-

-

-

Retirement income plan curtailment expense

-

-

-

-

-

-

-16

0

0

-

4,217

0

Changes in assets and liabilities:
Deferred tax expense (benefit)

-

-

-

-

-

-

-

-

-

-

-

-26,665

Unrealized gain on trading securities

-

-

-

-

-

-

-

-

-

-

262

-8,129

Goodwill impairment on discontinued operations

-

-

-

-

-

-

-

-

-

-

12,214

4,000

Increase in reserve for loss and loss expense, net of reinsurance recoverable

149,232

168,288

106,226

114,422

59,438

97,449

151,037

64,763

56,905

41,526

60,619

103,016

(Decrease) increase in unearned premiums, net of prepaid reinsurance

82,253

78,058

79,614

87,716

79,995

32,671

74,086

82,764

46,334

-26,661

-8,028

-10,766

Decrease in net federal income taxes

7,721

2,428

30,918

11,150

25,004

31,323

14,834

-7,812

372

16,577

-3,718

22,092

Decrease (increase) in premiums receivable

53,383

23,489

65,418

66,447

56,386

33,908

40,482

18,094

45,116

-32,472

-34,317

-15,469

Increase (Decrease) Deferred Policy Acquisition Costs

-18,574

-17,557

-12,491

-

-

-

-

-

-

-

-

-

Decrease (increase) in deferred policy acquisition costs

-

-

-

-9,405

-27,551

-12,627

-17,458

-19,762

-7,777

6,781

-6,282

14,115

Decrease (increase) in interest and dividends due or accrued

3,226

540

1,088

1,473

-407

1,536

1,372

-468

-633

2,361

-1,918

431

Decrease in accrued salaries and benefits

-3,748

-26,418

-5,714

-46,536

11,392

-7,182

18,685

6,533

1,521

-14,913

-15,240

-3,100

Decrease (increase) in other assets

39,337

372

2,643

4,979

11,523

-1,186

-

-

-

-

-

-

Decrease in other liabilities

34,998

-13,343

27,297

9,191

77,564

-35,632

-

-

-

-

-

-

Increase (decrease) in accrued insurance expenses

-

-

-

-

-

-

14,444

8,831

-636

-4,470

2,240

-15,880

Purchase of trading securities

-

-

-

-

-

-

-

-

-

-

-

6,587

Sale of trading securities

-

-

-

-

-

-

-

-

-

-

2,831

21,002

Increase (decrease) in other assets and other liabilities

-

-

-

-

-

-

16,642

-32,750

-8,534

-1,330

-6,050

-8,233

Net adjustments

-

-

-

-

-

-

229,706

188,736

100,924

92,219

191,161

197,415

Net cash provided by operating activities

477,495

454,944

379,545

329,509

381,580

232,763

336,124

226,699

122,957

159,185

227,559

241,173

Investing Activities
Purchase of fixed income securities, held-to-maturity

0

7,150

0

4,235

3,316

0

0

-

-

-

158,827

0

Purchase of fixed income securities, available-for-sale

1,856,125

2,918,203

2,130,362

1,982,023

1,041,916

843,616

1,069,387

884,911

487,813

1,007,679

1,041,277

587,430

Purchase of equity securities

46,397

94,344

61,931

35,490

195,720

186,019

118,072

83,833

150,551

71,192

79,455

70,651

Purchase of other investments

64,908

68,578

55,830

66,164

12,170

10,617

9,332

12,990

16,033

20,673

16,298

53,089

Purchase of short-term investments

6,087,909

4,259,734

4,280,553

3,499,380

1,602,327

1,410,123

2,056,576

1,735,691

1,448,782

1,741,738

1,956,164

2,204,107

Purchase of subsidiary, net of cash acquired

-

-

-

-

-

-

-

-255

51,728

0

0

-

Sale of subsidiary

-

-

-

-

-

-

1,225

751

1,152

978

-12,538

0

Sale of fixed maturity securities, held-to-maturity

-

-

-

-

-

-

-

-

-

-

5,820

0

Sale of fixed income securities, available-for-sale

594,700

2,030,700

1,197,900

926,470

61,571

51,002

20,126

103,572

146,435

190,438

538,769

152,655

Sale of short-term investments

6,129,885

4,101,530

4,338,318

3,470,022

1,539,480

1,452,402

2,096,805

1,738,255

1,433,441

1,794,434

1,940,427

2,196,162

Redemption and maturities of fixed income securities, held-to-maturity

16,149

12,106

58,832

102,868

106,621

73,415

116,584

118,260

177,350

319,835

282,310

4,652

Redemption and maturities of fixed income securities, available-for-sale

626,686

638,916

555,216

641,524

567,445

482,816

513,804

439,957

162,796

298,171

122,403

294,342

Sale of equity securities

137,300

113,300

38,000

119,617

172,561

208,008

115,782

101,740

60,071

98,015

137,244

102,313

Sale of other investments

17,964

3,497

0

0

-

-

-

1

16,357

0

0

-

Distributions from other investments

19,972

28,379

21,843

24,202

32,457

20,774

12,039

24,801

25,622

22,406

25,596

26,164

Fixed asset disposals

9

0

0

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

30,986

16,110

14,071

18,147

16,229

15,510

14,023

12,879

11,824

6,522

8,207

8,083

Sale of renewal rights

-

-

-

-

-

8,000

0

0

-

-

-

-

Net cash used in investing activities

-543,623

-435,688

-332,658

-320,736

-391,543

-169,468

-391,025

-202,712

-143,507

-123,527

-220,197

-147,072

Financing Activities
Dividends to stockholders

47,675

42,097

37,045

33,758

31,052

28,428

27,416

26,944

26,513

26,056

26,296

25,804

Acquisition of treasury stock

8,164

6,556

6,015

4,992

4,182

3,563

3,716

3,495

2,741

1,686

3,010

46,833

Net proceeds from stock purchase and compensation plans

8,243

7,252

7,599

7,811

10,089

7,283

7,119

4,840

5,011

4,962

4,612

8,222

Proceeds from issuance of notes payable, net of debt issuance costs

-

-

-

-

-

-

178,435

0

0

-

-

-

Proceeds from borrowings

355,757

130,000

84,000

165,000

15,000

0

0

-

-

-

-

-

Proceeds from borrowings

-

-

-

-

-

-

0

0

45,000

0

13,000

0

Repayment of borrowings

250,000

130,000

84,000

115,000

0

13,000

-

-

-

-

-

-

Finance Lease, Principal Payments

977

5,646

4,121

-

-

-

-

-

-

-

-

-

Principal payments of convertible bonds

-

-

-

-

-

-

-

-

-

-

-

8,754

Net (decrease) increase in cash and restricted cash

-8,944

-27,791

7,305

24,651

-23,061

23,766

-17

-552

117

-166

-17,832

10,260

Repayment of notes payable

-

-

-

-

-

-

100,000

0

0

12,300

12,300

12,300

Excess tax benefits from share-based payment arrangements

-

-

-

1,819

1,736

1,020

1,545

1,060

-90

-744

-1,200

1,628

Repayments of Long-term Capital Lease Obligations

-

-

-

5,002

4,689

2,841

1,083

0

0

-

-

-

Net cash provided by (used in) financing activities

57,184

-47,047

-39,582

15,878

-13,098

-39,529

54,884

-24,539

20,667

-35,824

-25,194

-83,841

Net decrease in cash and restricted cash

-

-

-

-

-

-

-

-

-

-

-

1,641

Net decrease in cash and cash equivalents from discontinued operations

-

-

-

-

-

-

-

-

-

-

-15,037

-8,619

Net increase (decrease) in cash from continuing operations

-

-

-

-

-

-

-

-

-

-

-2,795

-