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Regional US property-casualty insurer selling commercial and personal insurance through independent agents.
Regional US property-casualty insurer selling commercial and personal insurance through independent agents.
Collects premiums up front and earns investment income on them until claims are paid, so underwriting results and the bond portfolio both matter. Commercial insurance for small and mid-sized businesses carries most of the business; it also services federal flood policies for fees. Operations are concentrated in the eastern US and spreading to new states.
Moat: narrow (distribution, process know-how). Selective, long-standing independent-agent partnerships and disciplined regional underwriting.
Headquarters: Branchville, New Jersey, United States · Founded: 1926 · Employees: 2,800
Size Selective Insurance (SIGI) is a United States Financials company (Property/Casualty Insurance) with a market value of $5.87B, the 1078th largest of 3,117 United States companies the cockpit tracks. Shares closed at $99.44 on 6 Nov 2026.
Performance Over six months the shares gained 17.3%, against +17.4% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 4.5% over the last twelve months (peer median +5.2%); the operating margin is 13.3% (peer median 16.5%).
Valuation It trades at 1.81× book value against a peer median of 2.14× (10th cheapest of 21).
Price implies The share price implies a return on equity of about 9.1%; Selective Insurance delivers 14.7%, so the price asks less than the business earns today.
Credit Selective Insurance has 2 bonds outstanding ($700M), rated BBB by the agencies and trading like BBB+ at a weighted spread of 105 bp.
Short interest Short interest is 3.5% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.47B | $5.34B | $4.87B | $4.22B | $3.60B |
| Revenue growth | — | +10% | +15% | +17% | — |
| Net income | $511M | $466M | $207M | $365M | $225M |
| Free cash flow | $1.17B | $1.23B | $1.10B | $747M | $795M |
| Capital expenditure | $55.3M | $38.7M | $30.8M | $22.6M | $26.0M |
| Total debt | $902M | $1.01B | $556M | $548M | $549M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Selective Insurance SIGI | $5.87B | +17% | +4% | 15% | 1.81× | 9.1% |
| Cincinnati Financial CINF | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% |
| Hanover Insurance THG | $8.35B | +28% | +5% | 22% | 2.43× | 11.2% |
| Travelers Companies (The) TRV | $81.0B | +33% | +1% | 28% | 2.79× | 13.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SIGI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.8% | +9.0% | 5th highest of 21 |
| 6-month return | +17.3% | +17.4% | 11th highest of 21 |
| Return on equity | 14.7% | 18.5% | 9th lowest of 21 |
| Price / book | 1.81× | 2.14× | 10th cheapest of 21 |
| Trailing P/E | 11.9× | 12.1× | 10th cheapest of 19 |
| ROE the price implies | 9.1% | 12.1% | 8th least demanding of 21 |
| ROE delivered | 14.7% | 18.8% | 9th lowest of 20 |
| Bond spread | 105 bp | 109 bp | 2nd tightest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Selective Insurance SIGI | United States | $5.87B | +17% | +4% | 15% | 1.81× | 9.1% | 14.7% |
| MGIC Investment MTG | United States | $5.87B | +7% | -2% | 14% | 1.18× | 8.9% | 13.9% |
| Hagerty HGTY | United States | $6.18B | +79% | +1% | 5% | 8.42× | 53.7% | 4.6% |
| Definity Financial DFY.TO | Canada | $6.47B | +14% | +35% | 12% | 2.13× | 7.6% | 11.7% |
| Scor SCR.PA | France | $6.96B | +10% | -4% | 19% | 1.44× | 9.8% | 18.8% |
| Mercury General MCY | United States | $4.58B | -17% | +5% | 26% | 1.63× | 13.7% | 25.5% |
| Accelerant ARX | United States | $4.32B | +19% | +55% | -380% | 6.01× | 23.2% | -380.1% |
| Protector Forsikring PROT.OL | Norway | $4.19B | +4% | +12% | 35% | 5.34× | 18.1% | 35.2% |
| Hanover Insurance THG | United States | $8.35B | +28% | +5% | 22% | 2.43× | 11.2% | 21.8% |
| Palomar PLMR | United States | $4.10B | +37% | +60% | 22% | 4.16× | 17.0% | 22.2% |
| SiriusPoint SPNT | United States | $3.06B | +12% | +23% | 23% | 1.34× | 9.5% | 23.1% |
| NMI NMIH | United States | $2.94B | 0% | +8% | 15% | 1.10× | 7.9% | 15.4% |
| Erie Indemnity ERIE | United States | $12.7B | +26% | +2% | 24% | 4.98× | 19.7% | 23.7% |
| Zenkoku Hosho 7164.T | Japan | $2.69B | +1% | +2% | 14% | 1.74× | 6.2% | 14.1% |
| American Financial AFG | United States | $12.8B | +18% | +3% | 18% | 2.67× | 15.1% | n/a |
| RenaissanceRe RNR | United States | $14.0B | +16% | -21% | 13% | 1.34× | 7.5% | 13.4% |
| Insurance Australia IAG.AX | Australia | $14.4B | +17% | +9% | 14% | 2.87× | 13.1% | 14.0% |
| HCI HCI | United States | $2.31B | +22% | +23% | 34% | 2.15× | 17.3% | 33.8% |
| Hyundai M&F INS 001450.KS | South Korea | $2.29B | +38% | -5% | 21% | 0.51× | 4.2% | 21.0% |
| Assurant AIZ | United States | $15.1B | +29% | +9% | 44% | 2.60× | 14.6% | 44.2% |
| Everest EG | United States | $15.2B | +18% | -9% | 13% | 1.08× | 6.6% | 12.8% |
Selective Insurance has 2 bonds outstanding with $700M face value. The agencies rate it BBB; its bonds trade like BBB+. Weighted yield 6.07%, a spread of 105 bp over government bonds.