Stockholders' Equity and Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Stockholders' Equity and Other Comprehensive Income [Abstract]

($ in thousands)
	Shares Purchased		Cost of Shares Purchased
	in Connection with		in Connection with
	Restricted Stock Vestings		Restricted Stock Vestings
Period	and Stock Option Exercises		and Stock Option Exercises
2011	149,997	$	2,741
2010	107,425		1,686
2009	191,858		3,010

Maximum Payments of Ordinary Dividends

($ in millions)
Selective Insurance Company of America	$	50.7
Selective Way Insurance Company		22.2
Selective Insurance Company of South Carolina		9.1
Selective Insurance Company of the Southeast		6.9
Selective Insurance Company of New York		7.3
Selective Insurance Company of New England		1.4
Selective Auto Insurance Company of New Jersey		6.0
Montpelier U.S. Insurance Company		-
Total	$	103.6

Components of Comprehensive Income-Gross and Net of Tax

2011
($ in thousands)		Gross	Tax	Net
Net income	$	7,065	(12,800)	19,865
Components of OCI:
Unrealized gains on securities:
Unrealized holding gains during the period		70,140	24,548	45,592
Portion of OTTI recognized in OCI		1,682	589	1,093
Amortization of net unrealized gains on HTM securities		(3,097)	(1,084)	(2,013)
Reclassification adjustment for gains included in net
income		(1,987)	(695)	(1,292)
Net unrealized gains		66,738	23,358	43,380
Defined benefit pension and post-retirement plans:
Net actuarial loss		(16,799)	(5,880)	(10,919)
Reversal of amortization items:
Net actuarial loss		4,172	1,460	2,712
Prior service cost		150	53	97
Defined benefit pension and post-retirement plans		(12,477)	(4,367)	(8,110)
Comprehensive income	$	61,326	6,191	55,135

2010
($ in thousands)		Gross	Tax	Net
Net income	$	76,141	10,600	65,541
Components of OCI:
Unrealized gains on securities:
Unrealized holding gains during the period		44,643	15,625	29,018
Portion of OTTI recognized in OCI		5,256	1,840	3,416
Amortization of net unrealized gains on HTM securities		(11,708)	(4,098)	(7,610)
Reclassification adjustment for gains included in net
income		(454)	(159)	(295)
Net unrealized gains		37,737	13,208	24,529
Defined benefit pension and post-retirement plans:
Net actuarial loss		(12,045)	(4,216)	(7,829)
Reversal of amortization items:
Net actuarial loss		4,134	1,447	2,687
Prior service cost		150	53	97
Defined benefit pension and post-retirement plans		(7,761)	(2,716)	(5,045)
Comprehensive income	$	106,117	21,092	85,025

2009
($ in thousands)		Gross	Tax	Net
Net income	$	26,253	(10,145)	36,398
Components of OCI:
Unrealized gains on securities:
Unrealized holding gains during the period		102,514	35,880	66,634
Portion of OTTI recognized in OCI		(8,659)	(3,030)	(5,629)
Amortization of net unrealized gains on HTM securities		914	320	594
Reclassification adjustment for losses included in net
income		38,392	13,437	24,955
Net unrealized gains		133,161	46,607	86,554
Defined benefit pension and post-retirement plans:
Net actuarial gain		2,824	988	1,836
Reversal of amortization items:
Net actuarial loss		5,274	1,846	3,428
Curtailment gain		(1,387)	(485)	(902)
Prior service credit		(508)	(178)	(330)
Defined benefit pension and post-retirement plans		6,203	2,171	4,032
Comprehensive income	$	165,617	38,633	126,984

Components of Accumulated Other Comprehensive Income


					Defined
					Benefit
					Pension
		Net Unrealized Gain (Loss)			and Post-
		OTTI	HTM	All	retirement	Total
($ in thousands)		Related	Related	Other	Plans	AOCI
Balance, December 31, 2009	$	(8,009)	11,937	25,410	(41,798)	(12,460)
Changes in component during period		3,416	(793)	21,906	(5,045)	19,484
Balance, December 31, 2010		(4,593)	11,144	47,316	(46,843)	7,024
Changes in component during period		1,093	(6,522)	48,809	(8,110)	35,270
Balance, December 31, 2011	$	(3,500)	4,622	96,125	(54,953)	42,294

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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