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Schedule - Parent Corporation Financial Statements | 12 Months Ended
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Dec. 31, 2011
Parent Corporation Financial Statements [Abstract] |
Schedule - Parent Corporation Financial Statements | SCHEDULE I SELECTIVE INSURANCE GROUP, INC. (Parent Corporation) Balance Sheets
|  | December 31,
($ in thousands, except share amounts) |  | 2011 |  | 2010
Assets |  |  |  |
Fixed maturity securities, held-to-maturity – at carrying value |  |  |  |
(fair value: $811 – 2010) | $ | - |  | 796
Fixed maturity securities, available-for-sale – at fair value |  |  |  |
(amortized cost: $19,542 – 2011) |  | 19,768 |  | -
Short-term investments |  | 33,948 |  | 50,109
Cash |  | 722 |  | 605
Investment in subsidiaries |  | 1,388,970 |  | 1,320,886
Current federal income tax |  | 13,030 |  | 12,932
Deferred federal income tax |  | 10,590 |  | 11,158
Other assets |  | 12,823 |  | 11,961
Total assets | $ | 1,479,851 |  | 1,408,447
Liabilities and Stockholders' Equity |  |  |  |
Liabilities: |  |  |  |
Notes payable | $ | 249,360 |  | 249,333
Intercompany notes payable |  | 107,131 |  | 74,785
Other liabilities |  | 14,132 |  | 13,220
Total liabilities | $ | 370,623 |  | 337,338
Stockholders' Equity: |  |  |  |
Preferred stock at $0 par value per share: |  |  |  |
Authorized shares 5,000,000; no shares issued or outstanding | $ | - |  | -
Common stock of $2 par value per share |  |  |  |
Authorized shares: 360,000,000 |  |  |  |
Issued: 97,246,711 – 2011; 96,362,667 – 2010 |  | 194,494 |  | 192,725
Additional paid-in capital |  | 257,370 |  | 244,613
Retained earnings |  | 1,167,219 |  | 1,176,155
Accumulated other comprehensive income |  | 42,294 |  | 7,024
Treasury stock – at cost (shares: 42,836,201 – 2011; 42,686,204 – 2010) |  | (552,149) |  | (549,408)
Total stockholders' equity |  | 1,109,228 |  | 1,071,109
Total liabilities and stockholders' equity | $ | 1,479,851 |  | 1,408,447
Information should be read in conjunction with the Notes to Consolidated Financial Statements of Selective Insurance Group, Inc. and its
subsidiaries in Item 8. "Financial Statements and Supplementary Data." of the Company's Form 10-K.
SELECTIVE INSURANCE GROUP, INC. (Parent Corporation) Statements of Income
|  | Year ended December 31,
($ in thousands) |  | 2011 |  | 2010 |  | 2009
Revenues: |  |  |  |  |  |
Dividends from subsidiaries | $ | 63,025 |  | 48,010 |  | 24,518
Net investment income earned |  | 231 |  | 130 |  | 315
Other income |  | 362 |  | 107 |  | -
Total revenues |  | 63,618 |  | 48,247 |  | 24,833
Expenses: |  |  |  |  |  |
Interest expense |  | 20,203 |  | 20,615 |  | 21,377
Other expenses |  | 16,832 |  | 16,039 |  | 16,410
Total expenses |  | 37,035 |  | 36,654 |  | 37,787
Income (loss) from continuing operations, before federal income tax |  | 26,583 |  | 11,593 |  | (12,954)
Federal income tax benefit: |  |  |  |  |  |
Current |  | (12,785) |  | (11,645) |  | (16,381)
Deferred |  | 490 |  | (848) |  | 3,701
Total federal income tax benefit |  | (12,295) |  | (12,493) |  | (12,680)
Net income (loss) from continuing operations before equity in undistributed income of subsidiaries |  | 38,878 |  | 24,086 |  | (274)
Equity in undistributed income of continuing subsidiaries, net of tax |  | - |  | 45,235 |  | 44,932
Dividends in excess of continuing subsidiaries' current year earnings |  | (18,363) |  | - |  | -
Net income from continuing operations |  | 20,515 |  | 69,321 |  | 44,658
Equity in loss of discontinued subsidiaries, net of tax |  | - |  | - |  | (7,086)
Loss on disposal of discontinued operations, net of tax |  | (650) |  | (3,780) |  | (1,174)
Total discontinued operations, net of tax |  | (650) |  | (3,780) |  | (8,260)
Net income | $ | 19,865 |  | 65,541 |  | 36,398
Information should be read in conjunction with the Notes to Consolidated Financial Statements of Selective Insurance Group, Inc. and its
subsidiaries in Item 8. "Financial Statements and Supplementary Data." of the Company's Form 10-K.
SELECTIVE INSURANCE GROUP, INC. (Parent Corporation) Statements of Cash Flows
|  | Year ended December 31,
($ in thousands) |  | 2011 |  | 2010 |  | 2009
Operating Activities: |  |  |  |  |  |
Net income | $ | 19,865 |  | 65,541 |  | 36,398
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Equity in undistributed income of subsidiaries, net of tax |  | - |  | (45,235) |  | (37,846)
Dividends in excess of subsidiaries' current year income |  | 18,363 |  | - |  | -
Stock-based compensation expense |  | 7,422 |  | 12,355 |  | 11,036
Loss on disposal of discontinued operations |  | 650 |  | 3,780 |  | 1,174
Amortization – other |  | 229 |  | 149 |  | 208
Changes in assets and liabilities: |  |  |  |  |  |
Increase (decrease) in accrued salaries and benefits |  | 330 |  | (1,838) |  | (7,007)
Decrease in net federal income taxes |  | 742 |  | 4,261 |  | 2,745
Other, net |  | (2,234) |  | (1,287) |  | 3,478
Net adjustments |  | 25,502 |  | (27,815) |  | (26,212)
Net cash provided by operating activities |  | 45,367 |  | 37,726 |  | 10,186
Investing Activities: |  |  |  |  |  |
Purchase of fixed maturity securities, available-for-sale |  | (19,643) |  | - |  | -
Redemption and maturities of fixed maturity securities, held-to-maturity |  | 796 |  | 513 |  | 236
Purchase of short-term investments |  | (128,378) |  | (110,807) |  | (232,823)
Sale of short-term investments |  | 144,538 |  | 108,565 |  | 245,165
Capital contribution to subsidiaries |  | - |  | - |  | (20,000)
Purchase of subsidiary, net of cash acquired |  | (51,728) |  | - |  | -
Sale of subsidiary |  | 1,152 |  | 978 |  | (581)
Distributions of capital by subsidiaries |  | - |  | - |  | 680
Net cash used in investing activities |  | (53,263) |  | (751) |  | (7,323)
Financing Activities: |  |  |  |  |  |
Dividends to stockholders |  | (26,513) |  | (26,056) |  | (26,296)
Acquisition of treasury stock |  | (2,741) |  | (1,686) |  | (3,010)
Principal payment on notes payable |  | - |  | (12,300) |  | (12,300)
Net proceeds from stock purchase and compensation plans |  | 5,011 |  | 4,962 |  | 4,612
Excess tax benefits from share-based payment arrangements |  | (90) |  | (744) |  | (1,200)
Borrowings from subsidiaries |  | 45,000 |  | - |  | 36,000
Principal payment of borrowings from subsidiaries |  | (12,654) |  | (623) |  | (592)
Net cash provided by (used in) financing activities |  | 8,013 |  | (36,447) |  | (2,786)
Net increase in cash |  | 117 |  | 528 |  | 77
Cash, beginning of year |  | 605 |  | 77 |  | -
Cash, end of year | $ | 722 |  | 605 |  | 77
Information should be read in conjunction with the Notes to Consolidated Financial Statements of Selective Insurance Group, Inc. and its
subsidiaries in Item 8. "Financial Statements and Supplementary Data." of the Company's Form 10-K.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
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