Untitled Document

Fundamentals

Balance Sheet

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

December 31,
($ in thousands, except share amounts)
(Unaudited)
2016
2015
ASSETS    
Investments:    
Fixed income securities, held-to-maturity – at carrying value  $ 101,556 201,354
(fair value: $105,211 – 2016; $209,544 – 2015)
Fixed income securities, available-for-sale – at fair value 4,792,540 4,408,203
(amortized cost: $4,753,759 – 2016; $4,352,514 – 2015)
Equity securities, available-for-sale – at fair value 146,753 207,051
(cost: $120,889 – 2016; $193,816 – 2015)
Short-term investments (at cost which approximates fair value) 221,701 194,819
Other investments 102,397 77,842
Total investments  5,364,947 5,089,269
Cash 458 898
Interest and dividends due or accrued 40,164 38,501
Premiums receivable, net of allowance for uncollectible 681,611 615,164
accounts of: $5,980 – 2016; $4,422 – 2015
Reinsurance recoverable, net of allowance for uncollectible 621,537 561,968
  accounts of: $5,500 – 2016; $5,700 – 2015        
Prepaid reinsurance premiums  146,282 140,889
Current federal income tax 2,486  --
Deferred federal income tax  84,840 92,696
Property and equipment – at cost, net of accumulated 69,576 65,701
depreciation and amortization of: $198,729 – 2016; $188,548 – 2015
Deferred policy acquisition costs 222,564 213,159
Goodwill  7,849 7,849
Other assets 113,534 78,339
Total assets $ 7,355,848 6,904,433
   
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Reserve for losses and loss expenses  $ 3,691,719 3,517,728
Unearned premiums 1,262,819 1,169,710
Short-term debt  -- 60,000
Long-term debt
  438,667   328,192
Current federal income tax  -- 7,442
Accrued salaries and benefits 132,880 167,336
Other liabilities 298,393 255,984
Total liabilities $ 5,824,478 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: 101,620,436 – 2016; 100,861,372 – 2015 203,241 201,723
Additional paid-in capital 347,295 326,656
Retained earnings 1,568,881 1,446,192
Accumulated other comprehensive loss
(15,950) (9,425)

Treasury stock – at cost (shares: 43,653,237 – 2016; 43,500,642 – 2015)

(572,097) (567,105)
Total stockholders’ equity  $
1,531,370 1,398,041
Commitments and contingencies     
Total liabilities and stockholders’ equity $ 7,355,848 6,904,433