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Selective Insurance Group SIGI Commercial automobile — IBNR

Other product segments

General liability
$769.16M+23.9%
Casualty lines
$226.94M+36.3%
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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CNACommercial Auto — IBNR
108,500,000,000%+26,500,000,000pp
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LMNDCar — IBNR
$40.5M+0.7%
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LMNDPet — IBNR
$6.2M+67.6%
CNA Financial logo
CNASurety — IBNR
45,600,000,000%+2,900,000,000pp
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LMNDProperty Insurance — IBNR
$64.6M+15.8%
Hippo Holdings logo
HIPOCasualty Lines — IBNR
$6.5M

Other financials

Income statement

See full
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

See full
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
Commercial Automobile(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Accident YearCommercial Automobile(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2016Commercial Automobile(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2017Commercial Automobile(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2018Commercial Automobile(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2019Commercial Automobile(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2020Commercial Automobile(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2021Commercial Automobile(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2022Commercial Automobile(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2023Commercial Automobile(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2024Commercial Automobile(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / 2025As of December 31, 2025 / IBNRAs of December 31, 2025 / Cumulative Number of Reported Claims
2019385,212398,346404,854407,051410,432415,684416,8665,03837,201
2020381,654381,163375,636374,293371,272376,1658,16230,852
2021483,831512,673510,825507,344515,17922,51237,613
2022572,421581,223577,111591,56855,55540,500
2023633,529660,063696,769134,42439,575
2024688,046744,580257,45539,343
2025778,378435,02734,854
Total5,091,437

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Selective Insurance Group's commercial automobile — IBNR?
Selective Insurance Group (SIGI) reported commercial automobile — IBNR of $435.03M in Q4 2025.
How has Selective Insurance Group's commercial automobile — IBNR changed year-over-year?
Selective Insurance Group's commercial automobile — IBNR increased by 19.4% year-over-year, from $364.44M to $435.03M.
What does commercial automobile — IBNR mean?
This metric represents the estimated liability for claims that have occurred but have not yet been reported to the insurer. It is a fundamental actuarial reserve component that accounts for the time lag between loss events and claim notifications. Accurate IBNR estimation is essential for maintaining solvency and ensuring that future claim obligations are adequately funded.

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