Untitled Document

Fundamentals

Balance Sheet

Selective Insurance Group, Inc. & Consolidated Subsidiaries
Consolidated Balance Sheets


($ in thousands, except share amounts)
(Unaudited)
March 31,
2017
December 31,
2016
ASSETS    
Investments:    
Fixed income securities, held-to-maturity – at carrying value  $ 84,836 101,556
(fair value:  $88,339 – 2017; $105,211 – 2016)
Fixed income securities, available-for-sale – at fair value 4,867,005 4,792,540
(amortized cost:  $4,805,368 – 2017; $4,753,759 – 2016)
Equity securities, available-for-sale – at fair value 154,918 146,753
(cost:  $124,614 – 2017; $120,889 – 2016)
Short-term investments (at cost which approximates fair value) 247,207 221,701
Other investments 106,796 102,397
Total investments 5,460,762 5,364,947
Cash 483 458
Interest and dividends due or accrued 40,239 40,164
Premiums receivable, net of allowance for uncollectible 707,677 681,611
accounts of:  $6,613 – 2017; $5,980 – 2016
Reinsurance recoverable, net of allowance for uncollectible 580,386 621,537
accounts of: $5,000 – 2017; $5,500 – 2016        
Prepaid reinsurance premiums 145,436 146,282
Current federal income tax -- 2,486
Deferred federal income tax 72,218 84,840
Property and equipment – at cost, net of accumulated 68,503 69,576
depreciation and amortization of:  $202,917 – 2017; $198,729 – 2016
Deferred policy acquisition costs 227,622 222,564
Goodwill 7,849 7,849
Other assets 92,921 113,534
Total assets $ 7,404,096 7,355,848
   
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Reserve for losses and loss expenses $ 3,679,471 3,691,719
Unearned premiums 1,299,823 1,262,819
Long-term debt 438,782 438,667
Current federal income tax   11,552   --
Accrued salaries and benefits 96,322 132,880
Other liabilities 285,567 298,393
Total liabilities $ 5,811,517 5,824,478
   
Stockholders’ Equity:
Preferred stock of $0 par value per share:   $  --    --
Authorized shares 5,000,000; no shares issued or outstanding


Common stock of $2 par value per share:
Authorized shares 360,000,000
Issued: 102,028,447 – 2017; 101,620,436 – 2016 204,057 203,241
Additional paid-in capital 354,239 347,295
Retained earnings 1,609,862 1,568,881
Accumulated other comprehensive income (loss) 2,090 (15,950)

Treasury stock – at cost (shares:  43,780,884 – 2017; 43,653,237 – 2016)

(577,669) (572,097)
Total stockholders’ equity $
1,592,579 1,531,370
Commitments and contingencies    
Total liabilities and stockholders’ equity $ 7,404,096 7,355,848