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Selective Insurance Group SIGI Casualty lines — IBNR

Other product segments

General liability
$769.16M+23.9%
Commercial automobile
$435.03M+19.4%
Workers Compensation
$124.79M+15.6%
Personal automobile
$63.52M+19.9%
Commercial property
$53.81M-16.7%
Businessowners’ policies
$37.75M+18.5%
Homeowners
$25.31M+8.3%

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$6.2M+67.6%

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$5.77B+19.9%
Enterprise value$6.67B+16.6%
P/E11.6×-1.0×
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:ShortdurationInsuranceContractsIncurredButNotReportedIbnrClaimsLiabilityNet.

The source filing: Selective Insurance Group’s 10-K, filed February 9, 2026.

Filed
Feb 9, 2026, 5:15 PM EST
Fiscal year
FY2025
Accession
0000230557-26-000006
E&S Casualty Lines(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Accident YearE&S Casualty Lines(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / 2016E&S Casualty Lines(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / 2017E&S Casualty Lines(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2018E&S Casualty Lines(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2019E&S Casualty Lines(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2020E&S Casualty Lines(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2021E&S Casualty Lines(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2022E&S Casualty Lines(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2023E&S Casualty Lines(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2024Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / 2025As of December 31, 2025 / IBNRAs of December 31, 2025 / Cumulative Number of Reported Claims
2019117,087118,298117,736117,113114,802118,356114,7769,1472,825
2020103,872103,13795,83291,07796,91198,46015,1112,035
2021128,099125,436120,191123,031127,07029,8242,260
2022146,999145,918150,362153,90352,8552,367
2023157,260158,509163,70081,3652,193
2024188,628190,526134,6971,865
2025248,202226,9401,293
Total1,411,311

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Selective Insurance Group's casualty lines — IBNR?
Selective Insurance Group (SIGI) reported casualty lines — IBNR of $226.94M in Q4 2025.
What does casualty lines — IBNR mean?
Incurred But Not Reported (IBNR) represents the estimated liability for claims that have occurred but have not yet been formally reported to the insurer. It is a critical actuarial reserve used to ensure the company maintains sufficient capital to cover future obligations.

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