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Selective Insurance Group SIGI Workers Compensation — IBNR
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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
| Workers Compensation(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Accident Year | Workers Compensation(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2016 | Workers Compensation(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2017 | Workers Compensation(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2018 | Workers Compensation(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2019 | Workers Compensation(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2020 | Workers Compensation(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2021 | Workers Compensation(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2022 | Workers Compensation(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2023 | Workers Compensation(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / Unaudited / 2024 | Workers Compensation(in thousands, except for claim counts) / Incurred Loss and Allocated Loss Expenses, Net of Reinsurance / 2025 | As of December 31, 2025 / IBNR | As of December 31, 2025 / Cumulative Number of Reported Claims |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | 188,625 | 188,596 | 174,912 | 164,940 | 159,225 | 161,241 | 156,612 | 16,609 | 10,336 | |||
| 2020 | 168,643 | 168,594 | 159,229 | 143,384 | 140,033 | 136,531 | 16,314 | 7,559 | ||||
| 2021 | 185,198 | 185,151 | 173,784 | 153,093 | 146,339 | 17,804 | 8,596 | |||||
| 2022 | 207,206 | 207,156 | 197,817 | 186,493 | 26,628 | 9,003 | ||||||
| 2023 | 204,240 | 204,083 | 204,096 | 39,774 | 8,820 | |||||||
| 2024 | 209,470 | 209,227 | 60,964 | 8,959 | ||||||||
| 2025 | 221,143 | 124,789 | 7,589 | |||||||||
| Total | 1,708,975 |
Item 8. Financial Statements and Supplementary Data.
FAQ
- What is Selective Insurance Group's workers compensation — IBNR?
- Selective Insurance Group (SIGI) reported workers compensation — IBNR of $124.79M in Q4 2025.
- How has Selective Insurance Group's workers compensation — IBNR changed year-over-year?
- Selective Insurance Group's workers compensation — IBNR increased by 15.6% year-over-year, from $107.95M to $124.79M.
- What does workers compensation — IBNR mean?
- This metric represents the actuarial estimate of liabilities for workers' compensation claims that have occurred but have not yet been reported to the company. It is a fundamental component of the insurer's reserve adequacy and financial health assessment.
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