Selective insurance group, inc (SIGI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenues:
Net premiums earned

651,703

668,359

653,620

642,619

632,573

625,288

614,277

604,836

591,828

590,088

572,055

568,030

560,854

552,753

542,429

531,932

522,458

516,087

507,390

490,309

476,123

469,850

462,639

463,625

456,495

451,312

437,568

426,252

420,940

406,853

406,225

392,212

378,829

373,427

358,963

355,580

351,343

353,497

354,709

352,190

356,202

355,906

358,311

Net Investment Income

55,967

57,594

55,826

58,505

50,618

54,109

52,443

45,553

43,231

42,587

40,446

41,430

37,419

35,428

33,375

31,182

30,769

30,108

32,061

32,230

26,917

32,108

34,292

36,774

35,534

35,313

32,457

34,003

32,870

34,593

30,650

34,006

32,628

28,839

35,786

39,345

43,473

41,471

32,986

36,545

34,706

36,585

26,368

Net realized and unrealized (losses) gains:
Net realized investment gains on disposals

4,100

-

20,425

2,883

3,444

-

-751

54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized investment gains (losses) on disposals

-

-

-

-

-

-

-

-

4,731

-1,048

6,871

2,951

2,430

-3,671

4,030

2,314

889

7,939

1,590

1,031

20,977

9,333

15,231

4,958

8,181

1,251

14,111

5,709

5,304

6,345

1,856

272

4,779

6,223

498

2,315

6,390

-3,385

2,864

2,920

8,176

-741

1,181

Other-than-temporary impairments on fixed income securities recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-30

-6

-

-

0

10

-

-

0

0

-

-

-

-

0

0

0

47

30

312

2,023

54

164

908

-150

332

98

4,862

-1,284

22

-2,167

1,591

59

Equity Securities, FV-NI, Unrealized Gain (Loss)

-17,137

-558

-20,317

2,115

10,111

-13,806

-2,610

1,115

-14,068

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-than-temporary impairments

31,629

278

2,291

971

104

1,120

1,426

2,821

1,212

80

43

1,211

3,475

4,015

342

559

3,593

10,539

1,282

4,451

2,094

9,722

0

419

963

2,459

680

508

1,919

493

921

40

257

8,936

2,693

-163

532

-101

4,091

6,162

6,073

5,833

12,534

Gain (Loss) on Investments

-44,666

-873

-2,183

4,027

13,451

-37,935

-4,787

-1,652

-10,549

-1,128

6,798

1,734

-1,045

-7,686

3,688

1,765

-2,704

-2,600

308

-3,420

18,883

-389

15,231

4,539

7,218

-1,208

13,431

5,154

3,355

5,540

-1,088

178

4,358

-3,621

-2,045

2,146

5,760

-3,812

57

-3,264

-64

-4,983

-11,294

Other income

1,825

3,820

3,162

3,053

2,320

1,542

2,538

3,179

2,179

2,190

1,994

3,291

3,241

1,863

2,199

3,868

951

1,935

698

2,854

1,969

2,014

3,196

1,911

9,824

2,617

3,357

3,536

2,784

1,989

1,085

2,511

3,533

1,735

1,365

2,499

2,880

2,933

1,950

2,247

2,268

2,667

3,810

Total revenues

664,829

728,900

710,425

708,204

698,962

643,004

664,471

651,916

626,689

633,737

621,293

614,485

600,469

582,358

581,691

568,747

551,474

545,530

540,457

521,973

523,892

503,583

515,358

506,849

509,071

488,034

486,813

468,945

459,949

448,975

436,872

428,907

419,348

400,380

394,069

399,570

403,456

394,089

389,702

387,718

393,112

390,175

377,195

Expenses:
Loss and loss expense incurred

400,324

385,253

398,675

380,984

386,579

367,666

379,199

366,328

384,941

341,456

344,587

341,559

317,472

322,916

316,258

298,479

297,144

286,820

285,161

291,561

284,999

268,228

270,932

297,795

320,546

288,978

283,317

279,594

269,849

307,930

272,251

287,903

252,906

245,268

305,958

274,555

249,206

242,976

245,019

239,980

254,143

242,032

239,049

Amortization of deferred policy acquisition costs

136,501

136,326

136,572

133,401

129,674

126,777

124,511

122,661

121,093

119,165

118,143

116,578

115,350

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other insurance expenses

95,346

96,094

90,234

86,662

85,079

86,976

80,108

80,994

83,240

89,298

78,874

82,874

82,051

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Policy acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

193,835

190,731

183,227

-

174,802

169,770

164,723

161,930

158,101

155,173

149,266

151,407

145,314

143,728

139,528

135,117

131,849

131,219

127,958

120,086

116,111

115,163

115,044

109,709

114,042

116,099

116,002

114,520

114,522

Interest Expense, Debt

7,601

7,379

7,397

7,366

11,526

6,069

6,073

6,125

6,152

6,082

6,085

6,081

6,106

5,831

5,714

5,620

5,606

5,602

5,610

5,612

5,604

6,519

5,558

5,425

5,561

9,390

5,570

5,570

5,831

4,724

4,725

4,723

4,700

4,584

4,559

4,559

4,557

4,560

4,559

4,655

4,842

4,751

4,843

Corporate expenses

9,060

2,555

6,369

9,566

12,410

3,381

7,450

3,283

11,332

9,586

6,289

8,464

11,916

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,441

11,606

13,622

-

9,045

8,265

12,276

9,706

5,441

8,935

8,614

4,011

8,127

3,852

15,873

6,382

7,733

5,754

10,593

7,618

4,924

5,392

8,491

5,250

4,022

4,136

10,478

7,045

6,533

Total expenses

648,832

627,607

639,247

617,979

625,268

590,869

597,341

579,391

606,758

565,587

553,978

555,556

532,895

532,032

526,248

506,436

499,599

481,732

474,618

475,208

467,602

446,383

440,032

467,328

483,987

453,786

442,328

432,744

431,081

454,153

416,558

429,599

396,157

377,556

431,552

399,669

377,298

362,495

367,642

364,870

385,465

368,348

364,947

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

15,997

101,293

71,178

90,225

73,694

52,135

67,130

72,525

19,931

68,150

67,315

58,929

67,574

50,326

55,443

62,311

51,875

63,798

65,839

46,765

56,290

57,200

75,326

39,521

25,084

34,248

44,485

36,201

28,868

-5,178

20,314

-692

23,191

22,824

-37,483

-99

26,158

-

22,060

-

-

-

-

Federal income tax expense:
Income from continuing operations, before federal income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,848

7,647

21,827

12,248

Current

9,886

16,296

13,805

17,958

12,581

11,483

10,314

12,782

433

13,267

16,859

17,785

14,273

10,554

5,625

18,318

14,084

16,219

9,141

7,733

12,254

5,723

7,373

8,781

6,538

4,106

6,367

6,221

7,453

4,057

-5,088

-500

7,178

12,386

-20,001

3,111

4,276

-3,152

-1,691

1,322

8,844

-426

-1,631

Deferred

-9,125

3,138

1,223

1

-235

-5,108

1,381

924

573

24,641

3,738

-282

2,861

412

11,316

392

759

2,190

9,702

5,264

4,328

10,127

14,791

1,399

572

4,807

5,465

2,858

-890

-10,543

7,128

-480

-2,080

-7,596

-164

-4,677

1,382

9,515

4,920

1,435

-7,790

1,647

-1,479

Total federal income tax expense

761

19,434

15,028

17,959

12,346

6,375

11,695

13,706

1,006

37,908

20,597

17,503

17,134

10,966

16,941

18,710

14,843

18,409

18,843

12,997

16,582

15,850

22,164

10,180

7,110

8,913

11,832

9,079

6,563

-6,486

2,040

-980

5,098

4,790

-20,165

-1,566

5,658

6,363

3,229

2,757

1,054

1,221

-3,110

Net income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,335

32,653

27,122

22,305

1,308

18,274

288

18,093

-

-17,318

-

-

25,231

18,831

20,091

6,593

20,606

15,358

Loss on disposal of discontinued operations, net of tax of $(538)  2013

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-997

0

0

0

0

-

-

-

-

-31

-1,634

-1,325

-790

0

0

Loss on disposal of discontinued operations, net of tax $(350) in Third Quarter and Nine Months 2011

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-650

-

-

-

-

-

-

-7,599

330

Net income

15,236

81,859

56,150

72,266

61,348

45,760

55,435

58,819

18,925

30,242

46,718

41,426

50,440

39,360

38,502

43,601

37,032

45,389

46,996

33,768

39,708

41,350

53,162

29,341

17,974

25,335

32,653

27,122

21,308

1,308

18,274

288

18,093

18,034

-17,968

1,467

20,500

25,200

17,197

18,766

5,803

13,007

15,688

Earnings per share:
Basic net income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.45

0.59

0.49

0.40

0.02

0.33

0.01

0.33

-

-0.32

-

-

0.49

0.35

0.37

0.12

0.39

0.29

Basic net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

-0.02

0.00

0.00

0.00

0.00

-

-0.01

-

-

-0.01

-0.03

-0.02

-0.01

-0.14

0.01

Basic net income

0.26

1.37

0.94

1.22

1.04

0.78

0.94

1.00

0.32

0.51

0.80

0.71

0.87

0.69

0.66

0.75

0.64

0.79

0.82

0.59

0.70

0.74

0.94

0.52

0.32

0.45

0.59

0.49

0.38

0.02

0.33

0.01

0.33

0.33

-0.33

0.03

0.38

0.48

0.32

0.35

0.11

0.25

0.30

Diluted net income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.44

0.57

0.48

0.40

0.01

0.33

0.01

0.33

-

-0.32

-

-

0.46

0.35

0.37

0.12

0.38

0.28

Diluted net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

-0.02

0.00

0.00

0.00

0.00

-

-0.01

-

-

-0.01

-0.03

-0.02

-0.01

-0.14

0.01

Diluted net income

0.25

1.37

0.93

1.21

1.02

0.76

0.93

0.99

0.32

0.50

0.79

0.70

0.85

0.67

0.66

0.74

0.63

0.77

0.81

0.58

0.69

0.72

0.93

0.51

0.31

0.44

0.57

0.48

0.38

0.01

0.33

0.01

0.33

0.33

-0.33

0.03

0.37

0.45

0.32

0.35

0.11

0.24

0.29

Dividends to stockholders

-

-

-

-

-

-

-

-

-

-

0.16

0.16

0.16

-

0.15

0.15

0.15

0.15

0.14

0.14

0.14

0.14

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13