Selective Insurance Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-	207.01	365.24	224.89	403.84
Depreciation & Amortization	-	34.8	30.04	42.34	55.11
Gain (Loss) on Sale of Assets	-	0.33	-0.01	0.17	0.05
Gain (Loss) on Sale of Investments	-	2.95	3.55	114.81	-17.6
Stock-Based Compensation	-	22.76	18.35	18.43	15.89
Change in Accounts Receivable	-	-154.73	-227.39	-140.5	-109.17
Change in Unearned Revenue	-	253.55	306.93	200.21	172.46
Change in Income Taxes	-	-2.71	9.08	-25.93	-0.54
Change in Insurance Reserves / Liabilities	-	848.57	318.08	381.18	307.97
Change in Other Net Operating Assets	-	-57.19	-7.68	-1.7	48.72
Operating Cash Flow	-	1,100	758.91	802.41	771.42
Operating Cash Flow Growth	-	44.93%	-5.42%	4.02%	39.23%
Capital Expenditures	-	-30.81	-22.63	-26.02	-22.16
Investment in Securities	-	-898.24	-635.35	-673.58	-564.62
Other Investing Activities	-	26.74	11.03	18.66	17.5
Investing Cash Flow	-	-947.38	-686.36	-734.45	-618.78
Short-Term Debt Issued	-	-	20	60	-
Total Debt Issued	-	-	20	60	-
Total Debt Repaid	-	-2.63	-22.67	-62.44	-51.77
Net Debt Issued (Repaid)	-	-2.63	-2.67	-2.44	-51.77
Issuance of Common Stock	-	9.63	9.13	9.09	7.98
Repurchases of Common Stock	-	-15.62	-7.93	-18.34	-9.05
Common Dividends Paid	-	-84.94	-73.83	-66.92	-60.14
Preferred Dividends Paid	-	-9.2	-9.2	-9.2	-9.35
Total Dividends Paid	-	-94.14	-83.03	-76.12	-69.49
Other Financing Activities	-	-	-	-	-0.48
Financing Cash Flow	-	-102.76	-84.49	-87.82	-122.81
Net Cash Flow	-	49.75	-11.94	-19.85	29.83
Free Cash Flow	-	1,069	736.28	776.39	749.26
Free Cash Flow Growth	-	45.20%	-5.17%	3.62%	40.84%
Free Cash Flow Margin	-	21.99%	17.40%	21.82%	22.17%
Free Cash Flow Per Share	-	17.45	12.08	12.75	12.35
Cash Interest Paid	-	28.53	28.36	26.64	28.93
Cash Income Tax Paid	-	49	79.7	75	100
Levered Free Cash Flow	-	912.33	867.57	663.19	662.73
Unlevered Free Cash Flow	-	930.38	885.57	681.22	680.95
Change in Working Capital	-	833.06	342.77	371.54	381.1

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.