Selective Insurance Group, Inc. (SIGI)

Selective Insurance Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	4,245	3,828	3,373	3,017	2,682	2,597
Total Interest & Dividend Income	432.84	388.65	288.16	326.59	227.11	222.54
Gain (Loss) on Sale of Investments	10.46	-3.55	-114.81	17.6	-4.22	14.42
Other Revenue	28.05	19.4	11.34	17.72	17.57	12.36
Total Revenue	4,716	4,232	3,558	3,379	2,922	2,846
Revenue Growth (YoY)	15.77%	18.94%	5.29%	15.63%	2.66%	10.07%
Policy Benefits	3,020	2,484	2,112	1,814	1,636	1,552
Policy Acquisition & Underwriting Costs	891.94	796.18	705.82	626.47	560.27	535.97
Selling, General & Administrative	41.51	39.5	40.81	28.31	25.41	30.9
Other Operating Expenses	437.43	424.93	390.62	375.93	366.94	358.07
Total Operating Expenses	4,391	3,744	3,249	2,845	2,588	2,477
Operating Income	325.36	487.81	309.04	534.53	334.15	369.68
Interest Expense	-28.82	-28.8	-28.85	-29.17	-30.84	-33.67
EBT Excluding Unusual Items	296.54	459.02	280.19	505.36	303.31	336.02
Legal Settlements	-0.6	-0.6	-0.01	-0.05	-0.32	0.38
Pretax Income	295.93	458.41	280.19	505.31	302.99	336.39
Income Tax Expense	59.61	93.17	55.3	101.47	56.63	64.77
Earnings From Continuing Ops.	236.33	365.24	224.89	403.84	246.36	271.62
Net Income	236.33	365.24	224.89	403.84	246.36	271.62
Preferred Dividends & Other Adjustments	9.2	9.2	9.2	9.35	-	-
Net Income to Common	227.13	356.04	215.69	394.48	246.36	271.62
Net Income Growth	-27.71%	62.41%	-44.31%	63.92%	-9.30%	51.80%
Shares Outstanding (Basic)	61	61	60	60	60	59
Shares Outstanding (Diluted)	61	61	61	61	60	60
Shares Change (YoY)	0.39%	0.15%	0.34%	0.62%	0.48%	0.49%
EPS (Basic)	3.73	5.87	3.57	6.55	4.12	4.57
EPS (Diluted)	3.72	5.84	3.54	6.50	4.09	4.53
EPS Growth	-28.67%	64.97%	-45.54%	58.92%	-9.71%	51.00%
Free Cash Flow	973.1	736.28	776.39	749.26	531.98	446.51
Free Cash Flow Per Share	15.90	12.08	12.75	12.35	8.82	7.44
Dividend Per Share	1.400	1.250	1.140	1.030	0.940	0.830
Dividend Growth	16.67%	9.65%	10.68%	9.57%	13.25%	12.16%
Operating Margin	6.90%	11.53%	8.69%	15.82%	11.43%	12.99%
Profit Margin	4.82%	8.41%	6.06%	11.67%	8.43%	9.54%
Free Cash Flow Margin	20.63%	17.40%	21.82%	22.17%	18.20%	15.69%
EBITDA	359.2	517.85	351.38	589.64	393.5	424.89
EBITDA Margin	7.62%	12.24%	9.88%	17.45%	13.47%	14.93%
D&A For EBITDA	33.84	30.04	42.34	55.11	59.35	55.21
EBIT	325.36	487.81	309.04	534.53	334.15	369.68
EBIT Margin	6.90%	11.53%	8.69%	15.82%	11.43%	12.99%
Effective Tax Rate	20.14%	20.33%	19.74%	20.08%	18.69%	19.25%
Revenue as Reported	4,716	4,232	3,558	3,379	2,922	2,846

Source: S&P Capital IQ. Insurance template. Financial Sources.