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SELECTIVE INSURANCE GROUP INC (SIGI)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K/A | 10-K |
| Revenues: |
| Standard Commercial Lines | 2,459.9 | 2,158.7 | 2,060.5 | 1,920.4 | 1,798.0 | 1,673.3 | | 3,141.2 |
| Standard Personal Lines | 295.2 | 301.2 | 309.2 | 305.7 | 290.9 | 281.7 | | 298.6 |
| Other | 624.0 | 462.4 | 476.8 | 360.0 | 381.1 | 329.3 | | |
| Total revenues | 3,379.2 | 2,922.3 | 2,846.5 | 2,586.1 | 2,470.0 | 2,284.3 | 2,131.9 | 2,034.9 |
| Revenue growth | 15.6% | 2.7% | 10.1% | 4.7% | 8.1% | 7.1% | 4.8% | 6.9% |
| Loss and loss adjustment expenses | 1,814.0 | 1,635.8 | 1,551.5 | 1,498.1 | 1,345.1 | 1,234.8 | 1,148.5 | 1,157.5 |
| Policy acquisition costs | 626.5 | 560.3 | 536.0 | 495.0 | 469.2 | 450.3 | 399.4 | 624.5 |
| Other underwriting costs | 375.9 | 366.9 | 358.1 | 331.3 | 333.1 | 321.4 | 300.4 | |
| Other operating expenses | 28.3 | 25.4 | 30.9 | 25.4 | 36.3 | 57.1 | 50.3 | 32.7 |
| EBITDA | 560.4 | 362.3 | 391.6 | 256.6 | 314.1 | 259.5 | 270.5 | 265.5 |
| EBITDA margin | 16.6% | 12.4% | 13.8% | 9.9% | 12.7% | 11.4% | 12.7% | 13.0% |
| Depreciation | 55.1 | 59.4 | 55.2 | 44.9 | 52.1 | 61.7 | 59.7 | 45.3 |
| EBIT | 505.3 | 303.0 | 336.4 | 211.7 | 262.0 | 197.9 | 210.8 | 220.2 |
| EBIT margin | 15.0% | 10.4% | 11.8% | 8.2% | 10.6% | 8.7% | 9.9% | 10.8% |
| Interest income, net [+] | 58.3 | 61.7 | 67.3 | 48.8 | 48.7 | -0.7 | -18.9 | -34.2 |
| Interest expense | 29.2 | 30.8 | 33.7 | 24.4 | 24.4 | 0.7 | 0.5 | 23.1 |
| Interest income | 87.5 | 92.5 | 101.0 | 73.3 | 73.1 | | -18.4 | -11.1 |
| Pre-tax income | 505.3 | 303.0 | 336.4 | 211.7 | 262.0 | 220.0 | 232.7 | 197.1 |
| Income taxes | 101.5 | 56.6 | 64.8 | 32.8 | 93.1 | 61.5 | 66.8 | 55.3 |
| Tax rate | 20.1% | 18.7% | 19.3% | 15.5% | 35.6% | 27.9% | 28.7% | 28.1% |
| Net income | 394.5 | 246.4 | 271.6 | 178.9 | 168.8 | 158.5 | 165.9 | 141.8 |
| Net margin | 11.7% | 8.4% | 9.5% | 6.9% | 6.8% | 6.9% | 7.8% | 7.0% |
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| Basic EPS | $6.55 | $4.12 | $4.57 | $3.04 | $2.89 | $2.74 | $2.90 | $2.52 |
| Diluted EPS | $6.50 | $4.09 | $4.53 | $3.00 | $2.84 | $2.70 | $2.85 | $2.47 |
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| Shares outstanding (basic) | 60.2 | 59.9 | 59.4 | 59.0 | 58.5 | 57.9 | 57.2 | 56.3 |
| Shares outstanding (diluted) | 60.7 | 60.3 | 60.0 | 59.7 | 59.4 | 58.7 | 58.2 | 57.4 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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