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Selective Insurance Group SIGI Commercial property — IBNR

Other product segments

General liability
$769.16M+23.9%
Commercial automobile
$435.03M+19.4%
Casualty lines
$226.94M+36.3%
Workers Compensation
$124.79M+15.6%
Personal automobile
$63.52M+19.9%
Businessowners’ policies
$37.75M+18.5%
Homeowners
$25.31M+8.3%

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$40.5M+0.7%

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
Commercial Property(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Accident YearCommercial Property(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2016Commercial Property(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2017Commercial Property(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2018Commercial Property(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2019Commercial Property(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2020Commercial Property(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2021Commercial Property(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2022Commercial Property(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2023Commercial Property(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2024Commercial Property(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
2019173,826177,075179,574180,605180,832180,563180,580197,318
2020232,060225,278226,107226,915226,058226,1972710,158
2021246,319239,822237,831235,273235,3044277,991
2022297,318296,974290,405290,241(838)8,872
2023341,585327,174338,3261,7057,868
2024388,200364,6492,8097,618
2025335,92753,8145,707
Total2,447,754

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Selective Insurance Group's commercial property — IBNR?
Selective Insurance Group (SIGI) reported commercial property — IBNR of $53.81M in Q4 2025.
How has Selective Insurance Group's commercial property — IBNR changed year-over-year?
Selective Insurance Group's commercial property — IBNR decreased by 16.7% year-over-year, from $64.63M to $53.81M.
What does commercial property — IBNR mean?
This metric represents the estimated liability for claims that have occurred but have not yet been reported to the insurer by the end of the reporting period. It is a critical actuarial reserve that ensures the company maintains sufficient capital to cover future claim obligations. Accurate IBNR estimation is essential for maintaining financial stability and regulatory compliance.

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