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Selective Insurance Group SIGI Deferred policy acquisition costs

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Other financials

Income statement

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Revenue$1.4B+4.5%
Net income$129.4M+50.5%
EPS (diluted)$2.11+55.1%

Balance sheet

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Cash & equivalents$557.0K+56.0%
Total debt$903.2M-0.5%
Total equity$3.7B+8.7%
Total assets$15.6B+7.9%

Cash flow

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Operating cash flow$229.0M+37.2%
CapEx$14.1M+94.6%
Free cash flow$214.9M+34.6%

Valuation

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Market cap$5.73B+21.4%
Enterprise value$6.63B+17.9%
P/E11.5×-0.8×
P/S1.1×+0.1×

Profitability

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Net margin9.1%+1.6pp
FCF margin21.7%-0.4pp

Returns & leverage

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Return on equity14.2%+2.0pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Selective Insurance Group in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The source filing: Selective Insurance Group’s 10-Q, filed July 24, 2026.

Filed
Jul 24, 2026, 2:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000230557-26-000020
SELECTIVE INSURANCE GROUP, INC.CONSOLIDATED BALANCE SHEETS / ($ in thousands, except share amounts)Unaudited / June 30, 2026December 31, 2025
Current federal income tax1,939
Deferred federal income tax137,880110,905
Property and equipment – at cost, net of accumulated depreciation and amortization of: $311,425 – 2026; $297,211 – 2025116,498106,390
Deferred policy acquisition costs484,585492,270
Goodwill7,8497,849
Other assets314,816310,167
Total assets$15,615,94915,155,710
LIABILITIES AND STOCKHOLDERS’ EQUITY

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Selective Insurance Group's deferred policy acquisition costs?
Selective Insurance Group (SIGI) reported deferred policy acquisition costs of $484.59M in Q2 2026.
How has Selective Insurance Group's deferred policy acquisition costs changed year-over-year?
Selective Insurance Group's deferred policy acquisition costs decreased by 5.1% year-over-year, from $510.39M to $484.59M.
What is the long-term trend for Selective Insurance Group's deferred policy acquisition costs?
Over 5 years (2020 to 2025), Selective Insurance Group's deferred policy acquisition costs has grown at a 11.3% compound annual growth rate (CAGR), from $288.58M to $492.27M.
What does deferred policy acquisition costs mean?
These are incremental costs directly related to the successful acquisition of new or renewed insurance contracts, such as commissions and premium taxes, which are capitalized and amortized over the life of the policy. This metric is essential for understanding the matching of expenses to the revenue generated by insurance premiums. It provides insight into the company's growth strategy and the long-term profitability of its underwriting book.

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