Fundamentals

Balance Sheet

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

     (Unaudited) September 30,   December 31,
($ in thousands, except share amounts) 2016 2015
ASSETS    
Investments:    
Fixed income securities, held-to-maturity – at carrying value  $ 130,472 201,354
(fair value: $136,094 – 2016; $209,544 – 2015)
Fixed income securities, available-for-sale – at fair value 4,832,532 4,408,203
(amortized cost: $4,682,267 – 2016; $4,352,514 – 2015)
Equity securities, available-for-sale – at fair value 147,304 207,051
(cost: $122,981 – 2016; $193,816 – 2015)
Short-term investments (at cost which approximates fair value) 169,604 194,819
Other investments 88,512 77,842
Total investments  5,368,424 5,089,269
Cash 1,493 898
Interest and dividends due or accrued 39,901 38,501
Premiums receivable, net of allowance for uncollectible 711,589 615,164
accounts of: $5,907 – 2016; $4,422 – 2015
Reinsurance recoverables, net of allowance for uncollectible 640,012 561,968
  accounts of: $5,500 – 2016; $5,700 – 2015        
Prepaid reinsurance premiums  151,981 140,889
Deferred federal income tax  41,656 92,696
Property and equipment – at cost, net of accumulated 69,812 65,701
depreciation and amortization of: $198,171 – 2016; $188,548 – 2015
Deferred policy acquisition costs 235,934 213,159
Goodwill  7,849 7,849
Other assets 94,582 78,339
Total assets $ 7,363,233 6,904,433
   
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Reserve for loss and loss expenses  $ 3,686,586 3,517,728
Unearned premiums 1,306,255 1,169,710
Short-term debt 45,000 60,000
Long-term debt
  378,551   328,192
Current federal income tax 6,509 7,442
Accrued salaries and benefits 103,583 167,336
Other liabilities 261,845 255,984
Total liabilities $ 5,788,329 5,506,392
   
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: 101,505,201 – 2016; 100,861,372 – 2015 203,011 201,723
Additional paid-in capital 342,846 326,656
Retained earnings 1,538,928 1,446,192
Accumulated other comprehensive income (loss) 
62,209 (9,425)

Treasury stock – at cost (shares: 43,653,034 – 2016; 43,500,642 – 2015)

(572,090) (567,105)
Total stockholders’ equity  $
1,574,904 1,398,041
Commitments and contingencies     
Total liabilities and stockholders’ equity $ 7,363,233 6,904,433