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Selective Insurance Group

DB:SV2
Snowflake Description

Excellent balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SV2
DB
$4B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. The last earnings update was 80 days ago. More info.


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SV2 Share Price and Events
7 Day Returns
0.1%
DB:SV2
0.5%
DE Insurance
-0.7%
DE Market
1 Year Returns
37.2%
DB:SV2
21.2%
DE Insurance
-7.6%
DE Market
SV2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Selective Insurance Group (SV2) 0.1% -1.2% 12.6% 37.2% 90.9% 289.3%
DE Insurance 0.5% 2.1% 2.1% 21.2% 63% 61.1%
DE Market -0.7% -0.9% -3.8% -7.6% 8.2% 11.1%
1 Year Return vs Industry and Market
  • SV2 outperformed the Insurance industry which returned 21.2% over the past year.
  • SV2 outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
SV2
Industry
5yr Volatility vs Market

SV2 Value

 Is Selective Insurance Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Selective Insurance Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Selective Insurance Group.

DB:SV2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= $36.87 * 12%
$4.42
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. $36.87
Discount Rate (Cost of Equity) See below 5.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:SV2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 21%) (12.92%))
0.836
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.836 * 5.96%)
5.21%

Discounted Cash Flow Calculation for DB:SV2 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Selective Insurance Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:SV2 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12% – 5.21%) * $36.87)
$2.50
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.50 / (5.21% - 0.23%)
$50.18
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $36.87 + $50.18
$87.05
DB:SV2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SV2 represents 0.89893x of NasdaqGS:SIGI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89893x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 87.05 x 0.89893
€78.25
Value per share (EUR) From above. €78.25
Current discount Discount to share price of €67.60
= -1 x (€67.60 - €78.25) / €78.25
13.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Selective Insurance Group is available for.
Intrinsic value
14%
Share price is €67.6 vs Future cash flow value of €78.25
Current Discount Checks
For Selective Insurance Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Selective Insurance Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Selective Insurance Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Selective Insurance Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Selective Insurance Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SV2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.75
NasdaqGS:SIGI Share Price ** NasdaqGS (2019-07-19) in USD $75.2
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.38x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Selective Insurance Group.

DB:SV2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SIGI Share Price ÷ EPS (both in USD)

= 75.2 ÷ 3.75

20.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Selective Insurance Group is overvalued based on earnings compared to the DE Insurance industry average.
  • Selective Insurance Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Selective Insurance Group's expected growth come at a high price?
Raw Data
DB:SV2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
5.8%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.16x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:SV2 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.06x ÷ 5.8%

3.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Selective Insurance Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Selective Insurance Group's assets?
Raw Data
DB:SV2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $32.51
NasdaqGS:SIGI Share Price * NasdaqGS (2019-07-19) in USD $75.2
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.09x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:SV2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SIGI Share Price ÷ Book Value per Share (both in USD)

= 75.2 ÷ 32.51

2.31x

* Primary Listing of Selective Insurance Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Selective Insurance Group is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess Selective Insurance Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Selective Insurance Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SV2 Future Performance

 How is Selective Insurance Group expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Selective Insurance Group expected to grow at an attractive rate?
  • Selective Insurance Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Selective Insurance Group's earnings growth is positive but not above the Germany market average.
  • Selective Insurance Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SV2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SV2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 5.8%
DB:SV2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 6.2%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:SV2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SV2 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 2,988 256 3
2019-12-31 2,846 249 2
DB:SV2 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,658 509 221
2018-12-31 2,586 455 179
2018-09-30 2,577 373 163
2018-06-30 2,534 368 155
2018-03-31 2,496 347 137
2017-12-31 2,470 380 169
2017-09-30 2,419 415 178
2017-06-30 2,379 338 170
2017-03-31 2,333 313 172
2016-12-31 2,284 330 158
2016-09-30 2,247 300 165
2016-06-30 2,206 275 173

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Selective Insurance Group's earnings are expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).
  • Selective Insurance Group's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:SV2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Selective Insurance Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SV2 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 4.25 4.60 4.05 5.00
2019-12-31 4.22 4.42 3.98 3.00
DB:SV2 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.75
2018-12-31 3.04
2018-09-30 2.78
2018-06-30 2.64
2018-03-31 2.34
2017-12-31 2.89
2017-09-30 3.05
2017-06-30 2.92
2017-03-31 2.96
2016-12-31 2.74
2016-09-30 2.85
2016-06-30 3.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Selective Insurance Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Selective Insurance Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Selective Insurance Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SV2 Past Performance

  How has Selective Insurance Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Selective Insurance Group's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Selective Insurance Group's year on year earnings growth rate has been positive over the past 5 years.
  • Selective Insurance Group's 1-year earnings growth exceeds its 5-year average (61.2% vs 7.1%)
  • Selective Insurance Group's earnings growth has exceeded the DE Insurance industry average in the past year (61.2% vs 9.4%).
Earnings and Revenue History
Selective Insurance Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Selective Insurance Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SV2 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,658.35 221.36 30.20
2018-12-31 2,586.08 178.94 25.45
2018-09-30 2,576.81 163.42 31.72
2018-06-30 2,533.64 154.70 30.49
2018-03-31 2,496.20 137.31 35.67
2017-12-31 2,469.98 168.83 36.26
2017-09-30 2,418.61 177.94 53.93
2017-06-30 2,379.00 169.73 48.20
2017-03-31 2,333.27 171.90 46.94
2016-12-31 2,284.27 158.50 35.02
2016-09-30 2,247.44 164.52 -6.85
2016-06-30 2,206.21 173.02 7.20
2016-03-31 2,159.43 163.19
2015-12-31 2,131.85 165.86 28.40
2015-09-30 2,081.91 161.82 15.80
2015-06-30 2,056.81 167.99
2015-03-31 2,041.68 163.56
2014-12-31 2,026.86 141.83
2014-09-30 2,019.31 125.81
2014-06-30 1,990.77 105.30
2014-03-31 1,952.86 103.08
2013-12-31 1,903.74 107.42
2013-09-30 1,864.68 83.39
2013-06-30 1,814.74 69.01
2013-03-31 1,774.70 42.18
2012-12-31 1,734.10 37.96
2012-09-30 1,685.51 54.69

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Selective Insurance Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Selective Insurance Group used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
  • Selective Insurance Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Selective Insurance Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Selective Insurance Group has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SV2 Health

 How is Selective Insurance Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Selective Insurance Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Selective Insurance Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Selective Insurance Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Selective Insurance Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Selective Insurance Group Company Filings, last reported 3 months ago.

DB:SV2 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,925.22 549.50 291.17
2018-12-31 1,791.80 439.54 324.37
2018-09-30 1,738.52 439.44 305.02
2018-06-30 1,698.16 439.33 168.99
2018-03-31 1,659.80 494.22 183.65
2017-12-31 1,712.96 439.12 166.09
2017-09-30 1,699.35 439.01 217.03
2017-06-30 1,652.56 438.89 142.33
2017-03-31 1,592.58 438.78 247.69
2016-12-31 1,531.37 438.67 222.16
2016-09-30 1,574.90 423.55 171.10
2016-06-30 1,552.74 388.43 206.98
2016-03-31 1,475.97 388.31 103.82
2015-12-31 1,398.04 388.19 195.72
2015-09-30 1,359.02 394.31 140.97
2015-06-30 1,310.31 394.31 168.72
2015-03-31 1,315.94 394.30 139.18
2014-12-31 1,275.59 372.69 155.93
2014-09-30 1,266.93 392.29 184.09
2014-06-30 1,238.08 392.29 168.04
2014-03-31 1,185.53 392.42 137.98
2013-12-31 1,153.93 392.41 174.44
2013-09-30 1,124.21 392.41 172.26
2013-06-30 1,099.05 392.40 186.65
2013-03-31 1,136.35 392.39 163.74
2012-12-31 1,090.59 307.39 214.69
2012-09-30 1,124.38 307.38 185.19
  • Selective Insurance Group's level of debt (28.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (33.1% vs 28.6% today).
  • Debt is well covered by operating cash flow (92.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.9x coverage).
X
Financial health checks
We assess Selective Insurance Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Selective Insurance Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SV2 Dividends

 What is Selective Insurance Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.06%
Current annual income from Selective Insurance Group dividends. Estimated to be 1.14% next year.
If you bought €2,000 of Selective Insurance Group shares you are expected to receive €21 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Selective Insurance Group's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Selective Insurance Group's dividend is below the markets top 25% of dividend payers in Germany (3.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SV2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:SV2 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.03 1.00
2020-12-31 0.87 5.00
2019-12-31 0.81 5.00
DB:SV2 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-04 0.800 1.155
2018-10-25 0.800 1.289
2018-08-01 0.720 1.157
2018-05-02 0.720 1.259
2017-10-25 0.720 1.217
2017-07-26 0.640 1.236
2017-04-26 0.640 1.265
2017-02-22 0.640 1.377
2017-02-02 0.640 1.475
2016-10-27 0.640 1.560
2016-10-26 0.640 1.691
2016-07-27 0.600 1.517
2016-02-04 0.600 1.674
2015-10-28 0.600 1.800
2015-07-29 0.560 1.755
2015-04-29 0.560 1.993
2015-02-26 0.560 1.970
2015-01-29 0.560 2.051
2014-07-30 0.520 2.094
2014-04-23 0.520 2.181
2013-10-30 0.520 2.112
2013-08-02 0.520 2.130
2013-08-01 0.520 2.051
2013-07-31 0.520 2.087
2013-01-31 0.520 2.230
2012-10-24 0.520 2.731
2012-07-25 0.520 2.819
2012-04-25 0.520 3.004
2012-02-02 0.520 2.944
2011-10-26 0.520 3.070
2011-07-27 0.520 3.638
2011-04-27 0.520 3.151
2011-02-02 0.520 2.976
2010-10-27 0.520 2.941
2010-07-28 0.520 3.256
2010-04-28 0.520 3.374
2010-02-03 0.520 3.151
2009-10-28 0.520 3.283
2009-07-29 0.520 3.213
2009-04-29 0.520 3.866
2009-01-28 0.520 4.073
2008-07-31 0.520 2.364

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Selective Insurance Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.8x coverage).
X
Income/ dividend checks
We assess Selective Insurance Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Selective Insurance Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Selective Insurance Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SV2 Management

 What is the CEO of Selective Insurance Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Greg Murphy
COMPENSATION $4,946,192
AGE 63
TENURE AS CEO 20.2 years
CEO Bio

Mr. Gregory Edward Murphy, also known as Greg, has been the Chairman and Chief Executive Officer of Selective Insurance Group Inc., since May 2000. Mr. Murphy has been the Chairman of Selective Insurance Group Inc., since May 2000 and has been its Chief Executive Officer since May 1999 and served as its President since 1997. He has played an integral role in Selective’s growth as a super-regional property and casualty (P&C) carrier. He served as the President of Selective Insurance Group Inc. from May 1997 to September 2013. Mr. Murphy served as the Chief Executive Officer and President of Selective Insurance Group Inc. from 1999 to 2000. He served as the President and Chief Operating Officer of Selective Insurance Group Inc. from 1997 to May 1999. He has been a Director of Selective Insurance Group Inc. since 1997. Mr. Murphy has been a Director of Newton Memorial Hospital Foundation, Inc., since September 1999 and Trustee of the American Institute for CPCU (AICPCU) and the Insurance Institute of America (AIA), since June 2001. He serves as a Member of Board of Governors at Property Casualty Insurers Association of America. He has been a Director of Property Casualty Insurers Association of America since 2008 and Director of Insurance Information Institute since 2000. He holds B.S. in Accounting from Boston College and M.I.T. Sloan School of Management. He has completed his Advanced Management Program from Harvard University. Mr. Murphy is a Certified Public Accountant. He has broad experience and knowledge in the areas of reinsurance, insurance pricing, and industry fundamentals. Mr. Murphy has extensive contacts in the insurance industry and serves as a director of several important industry groups.

CEO Compensation
  • Greg's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Greg's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Selective Insurance Group management team in years:

5
Average Tenure
57
Average Age
  • The average tenure for the Selective Insurance Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Greg Murphy

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
63
TENURE
20.2 yrs

John Marchioni

TITLE
President
COMPENSATION
$3M
AGE
49
TENURE
5.8 yrs

Mark Wilcox

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
51
TENURE
2.5 yrs

Michael Lanza

TITLE
Executive VP
COMPENSATION
$2M
AGE
57
TENURE
15 yrs

Joseph Eppers

TITLE
Senior VP & Chief Investment Officer

Tony Harnett

TITLE
Senior VP & Chief Accounting Officer
AGE
46
TENURE
1.5 yrs

Gordon Gaudet

TITLE
Executive VP & Chief Information Officer
AGE
63
TENURE
6.2 yrs

Rohan Pai

TITLE
Senior VP of Investor Relations & Treasurer

Chuck Musilli

TITLE
Executive VP & Chief Human Resources Officer
AGE
60
TENURE
1.5 yrs

Sarita Chakravarthi

TITLE
Senior VP of Tax & Assistant Treasurer
TENURE
4.2 yrs
Board of Directors Tenure

Average tenure and age of the Selective Insurance Group board of directors in years:

10.6
Average Tenure
65
Average Age
  • The average tenure for the Selective Insurance Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

John Marchioni

TITLE
President
COMPENSATION
$3M
AGE
49
TENURE
0.2 yrs

John Burville

TITLE
Independent Director
COMPENSATION
$181K
AGE
71
TENURE
13.5 yrs

Greg Murphy

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
63
TENURE
19.2 yrs

Michael Morrissey

TITLE
Director
COMPENSATION
$181K
AGE
71
TENURE
11.3 yrs

John Scheid

TITLE
Independent Director
COMPENSATION
$193K
AGE
63
TENURE
4.8 yrs

Robert Doherty

TITLE
Independent Director
COMPENSATION
$177K
AGE
60
TENURE
3.7 yrs

J. Thebault

TITLE
Lead Independent Director
COMPENSATION
$191K
AGE
67
TENURE
2.3 yrs

Bill Rue

TITLE
Director
COMPENSATION
$157K
AGE
71
TENURE
42.2 yrs

Ron O'Kelley

TITLE
Director
COMPENSATION
$169K
AGE
74
TENURE
14.5 yrs

Cie Nicholson

TITLE
Independent Director
COMPENSATION
$166K
AGE
54
TENURE
9.9 yrs
Who owns this company?
Recent Insider Trading
  • Selective Insurance Group individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
10. May 19 Sell Cynthia Nicholson Individual 08. May 19 08. May 19 -1,468 €63.46 €-93,163
10. May 19 Sell Michael Lanza Individual 08. May 19 08. May 19 -6,946 €63.27 €-439,481
07. May 19 Sell Cynthia Nicholson Individual 03. May 19 03. May 19 -9,786 €63.39 €-620,323
07. May 19 Sell Michael Morrissey Individual 03. May 19 03. May 19 -1 €63.17 €-59
22. Feb 19 Sell John Burville Individual 22. Feb 19 22. Feb 19 -3,614 €58.44 €-211,212
20. Feb 19 Sell Paul Bauer Individual 19. Feb 19 20. Feb 19 -10,000 €58.37 €-583,439
20. Feb 19 Sell Gregory Murphy Individual 19. Feb 19 19. Feb 19 -5,000 €58.46 €-292,308
19. Nov 18 Sell Paul Bauer Individual 16. Nov 18 16. Nov 18 -2,500 €56.47 €-141,181
21. Aug 18 Sell Michael Morrissey Individual 20. Aug 18 20. Aug 18 -1,575 €55.72 €-87,760
09. Aug 18 Sell John Marchioni Individual 08. Aug 18 08. Aug 18 -30,000 €52.38 €-1,571,362
03. Aug 18 Buy Terrence Cavanaugh Individual 03. Aug 18 03. Aug 18 1,000 €52.99 €52,991
X
Management checks
We assess Selective Insurance Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Selective Insurance Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SV2 News

Simply Wall St News

SV2 Company Info

Description

Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, Excess and Surplus Lines, and Investments. The company’s products and services include property insurance, which covers the financial consequences of accidental loss of an insured’s real and/or personal property; and casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured’s negligent acts, omissions, or legal liabilities. It also offers flood insurance products. The company provides its insurance products and services to businesses, non-profit organizations, local government agencies, and individuals through independent retail agents and wholesale general agents. In addition, it invests in fixed income investments and preferred stocks, equity securities, and alternative investment portfolio. Selective Insurance Group, Inc. was founded in 1926 and is headquartered in Branchville, New Jersey.

Details
Name: Selective Insurance Group, Inc.
SV2
Exchange: DB
Founded: 1926
$3,969,578,752
59,231,319
Website: http://www.Selective.com
Address: Selective Insurance Group, Inc.
40 Wantage Avenue,
Branchville,
New Jersey, 07890,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SIGI Common Stock Nasdaq Global Select US USD 02. Jan 1980
DB SV2 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1980
Number of employees
Current staff
Staff numbers
2,290
Selective Insurance Group employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/21 23:41
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.