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Investments (Tables)
 6 Months Ended
Jun. 30, 2012
Investments [Abstract]  
Held-to-maturity Securities [Table Text Block]
June 30, 2012
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Amortized Cost
 
Net
 Unrealized Gains
 (Losses)
 
Carrying
Value
 
Unrecognized
 Holding
Gains
 
Unrecognized Holding
 Losses
 
Fair
Value
Foreign government
 
$
5,292

 
252

 
5,544

 
—

 
(105
)
 
5,439

Obligations of state and political subdivisions
 
557,338

 
9,310

 
566,648

 
32,642

 
(4
)
 
599,286

Corporate securities
 
57,947

 
(1,299
)
 
56,648

 
5,329

 
—

 
61,977

Asset-backed securities (“ABS”)
 
7,579

 
(1,265
)
 
6,314

 
1,223

 
—

 
7,537

Commercial mortgage-backed securities (“CMBS”)
 
9,699

 
(1,352
)
 
8,347

 
5,395

 
—

 
13,742

Total HTM fixed maturity securities
 
$
637,855

 
5,646

 
643,501

 
44,589

 
(109
)
 
687,981


December 31, 2011
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Amortized Cost
 
Net
 Unrealized Gains
 (Losses)
 
Carrying
Value
 
Unrecognized
 Holding
Gains
 
Unrecognized Holding
 Losses
 
Fair
Value
Foreign government
 
$
5,292

 
292

 
5,584

 
—

 
(88
)
 
5,496

Obligations of state and political subdivisions
 
614,118

 
11,894

 
626,012

 
31,529

 
(156
)
 
657,385

Corporate securities
 
64,840

 
(2,189
)
 
62,651

 
6,887

 
—

 
69,538

ABS
 
8,077

 
(1,469
)
 
6,608

 
1,353

 
(7
)
 
7,954

CMBS
 
14,455

 
(2,962
)
 
11,493

 
6,177

 
—

 
17,670

Total HTM fixed maturity securities
 
$
706,782

 
5,566

 
712,348

 
45,946

 
(251
)
 
758,043

 
Available-for-sale Securities [Table Text Block]
June 30, 2012
 
 
 
 
 
 
 
 
($ in thousands)
 
Cost/
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
U.S. government and government agencies1
 
$
268,949

 
19,050

 
(3
)
 
287,996

Foreign government
 
41,557

 
1,537

 
(312
)
 
42,782

Obligations of states and political subdivisions
 
695,158

 
42,307

 
(964
)
 
736,501

Corporate securities
 
1,283,114

 
66,588

 
(955
)
 
1,348,747

ABS
 
93,031

 
1,785

 
(7
)
 
94,809

CMBS2
 
115,965

 
4,882

 
(2,804
)
 
118,043

Residential mortgage-backed
securities (“RMBS”)3
 
477,045

 
17,636

 
(553
)
 
494,128

AFS fixed maturity securities
 
2,974,819

 
153,785

 
(5,598
)
 
3,123,006

AFS equity securities
 
130,257

 
20,647

 
(2,787
)
 
148,117

Total AFS securities
 
$
3,105,076

 
174,432

 
(8,385
)
 
3,271,123

 
December 31, 2011
 
 
 
 
 
 
 
 
($ in thousands)
 
Cost/
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
U.S. government and government agencies1
 
$
333,504

 
20,292

 
—

 
353,796

Foreign government
 
33,687

 
1,042

 
(556
)
 
34,173

Obligations of states and political subdivisions
 
578,214

 
44,491

 
(46
)
 
622,659

Corporate securities
 
1,168,439

 
50,167

 
(5,296
)
 
1,213,310

ABS
 
77,706

 
1,289

 
(46
)
 
78,949

CMBS2
 
107,838

 
6,427

 
(1,667
)
 
112,598

RMBS3
 
467,468

 
16,187

 
(1,767
)
 
481,888

AFS fixed maturity securities
 
2,766,856

 
139,895

 
(9,378
)
 
2,897,373

AFS equity securities
 
143,826

 
13,617

 
(88
)
 
157,355

Total AFS securities
 
$
2,910,682

 
153,512

 
(9,466
)
 
3,054,728

 
1 U.S. government includes corporate securities fully guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) with a fair value of $14.2 million at June 30, 2012 and $76.5 million at December 31, 2011.
2 CMBS includes government guaranteed agency securities with a fair value of $67.0 million at June 30, 2012 and $72.9 million at December 31, 2011.
3 RMBS includes government guaranteed agency securities with a fair value of $102.6 million at June 30, 2012 and $98.2 million at December 31, 2011.
Schedule of Fair Value and Gross Pre-Tax Net Unrealized/Unrecognized Loss of Securities by Length of Time
June 30, 2012
 
Less than 12 months
 
12 months or longer
($ in thousands)
 
Fair Value
 
Unrealized
Losses1
 
Fair Value
 
Unrealized
Losses1
AFS securities
 
 

 
 

 
 

 
 

U.S. government and government agencies
 
$
8,158

 
(3
)
 
—

 
—

Foreign government
 
4,758

 
(312
)
 
—

 
—

Obligations of states and political subdivisions
 
78,115

 
(958
)
 
511

 
(6
)
Corporate securities
 
46,939

 
(434
)
 
13,924

 
(521
)
ABS
 
2,000

 
(2
)
 
630

 
(5
)
CMBS
 
9,353

 
(39
)
 
13,427

 
(2,765
)
RMBS
 
3,183

 
(9
)
 
14,109

 
(544
)
Total fixed maturity securities
 
152,506

 
(1,757
)
 
42,601

 
(3,841
)
Equity securities
 
32,036

 
(2,787
)
 
—

 
—

Subtotal
 
$
184,542

 
(4,544
)
 
42,601

 
(3,841
)
 
 
 
Less than 12 months
 
12 months or longer
($ in thousands)
 
Fair
Value
 
Unrealized
Losses1
 
Unrecognized
Gains2
 
Fair
Value
 
Unrealized
Losses1
 
Unrecognized
Gains2
HTM securities
 
 

 
 

 
 

 
 

 
 

 
 

Obligations of states and political subdivisions
 
$
1,820

 
(70
)
 
63

 
4,033

 
(283
)
 
165

Corporate securities
 
5,995

 
(129
)
 
120

 
—

 
—

 
—

ABS
 
—

 
—

 
—

 
2,800

 
(927
)
 
707

Subtotal
 
$
7,815

 
(199
)
 
183

 
6,833

 
(1,210
)
 
872

Total AFS and HTM
 
$
192,357

 
(4,743
)
 
183

 
49,434

 
(5,051
)
 
872


December 31, 2011
 
Less than 12 months
 
12 months or longer
($ in thousands)
 
Fair
Value
 
Unrealized
Losses1
 
Fair Value
 
Unrealized
Losses1
AFS securities:
 
 

 
 

 
 

 
 

Foreign government
 
$
8,299

 
(556
)
 
—

 
—

Obligations of states and political subdivisions
 
517

 
(1
)
 
1,740

 
(45
)
Corporate securities
 
157,510

 
(4,415
)
 
14,084

 
(881
)
ABS
 
15,808

 
(14
)
 
702

 
(32
)
CMBS
 
4,822

 
(48
)
 
14,564

 
(1,619
)
RMBS
 
29,803

 
(625
)
 
15,007

 
(1,142
)
Total fixed maturity securities
 
216,759

 
(5,659
)
 
46,097

 
(3,719
)
Equity securities
 
743

 
(88
)
 
—

 
—

Subtotal
 
$
217,502

 
(5,747
)
 
46,097

 
(3,719
)
 

 
 
Less than 12 months
 
12 months or longer
($ in thousands)
 
Fair
Value
 
Unrealized
Losses1
 
Unrecognized
Gains2
 
Fair
Value
 
Unrealized
Losses1
 
Unrecognized
Gains2
HTM securities
 
 

 
 

 
 

 
 

 
 

 
 

Obligations of states and political subdivisions
 
$
7,244

 
(94
)
 
78

 
9,419

 
(519
)
 
324

ABS
 
—

 
—

 
—

 
2,816

 
(1,009
)
 
737

CMBS
 
—

 
—

 
—

 
2,794

 
(1,447
)
 
761

Subtotal
 
$
7,244

 
(94
)
 
78

 
15,029

 
(2,975
)
 
1,822

Total AFS and HTM
 
$
224,746

 
(5,841
)
 
78

 
61,126

 
(6,694
)
 
1,822

 
1 
Gross unrealized losses include non-OTTI unrealized amounts and OTTI losses recognized in AOCI.  In addition, this column includes remaining unrealized gain or loss amounts on securities that were transferred to an HTM designation in the first quarter of 2009 for those securities that are in a net unrealized/unrecognized loss position.
2 
Unrecognized gains represent fair value fluctuations from the later of:  (i) the date a security is designated as HTM; or (ii) the date that an OTTI charge is recognized on an HTM security.
Schedule Of The Number Of Securities In An Unrealized Unrecognized Loss Position [Table Text Block]

($ in thousands)
 
 
June 30, 2012
 
December 31, 2011
Number of
Issues
% of Market/Book
Unrealized
Unrecognized Loss
 
Number of
Issues
% of
Market/Book
Unrealized
Unrecognized
Loss
141

80% - 99%
$
6,817

 
140

80% - 99%
$
10,166

4

60% - 79%
1,580

 
—

60% - 79%
—

1

40% - 59%
342

 
1

40% - 59%
469

—

20% - 39%
—

 
—

20% - 39%
—

—

0% - 19%
—

 
—

0% - 19%
—

 

 
$
8,739

 
 

 
$
10,635

 
Schedule Of Held To Maturity Fixed Maturity Securities By Contractual Maturities [Table Text Block]
($ in thousands)
 
Carrying Value
 
Fair Value
Due in one year or less
 
$
98,022

 
103,123

Due after one year through five years
 
464,672

 
494,584

Due after five years through 10 years
 
73,941

 
82,051

Due after 10 years
 
6,866

 
8,223

Total HTM fixed maturity securities
 
$
643,501

 
687,981

 
Schedule of Available for Sale Fixed Maturity Securities by Contractual Maturities Table Text Block [Table Text Block]
($ in thousands)
 
Fair Value
Due in one year or less
 
$
352,423

Due after one year through five years
 
1,861,652

Due after five years through 10 years
 
841,420

Due after 10 years
 
67,511

Total AFS fixed maturity securities
 
$
3,123,006

  
Schedule Of Other Investment Portfolio By Strategy And Remaining Commitment Amount Associated With Each Strategy [Table Text Block]
Other Investments
 
Carrying Value
 
June 30,
2012
($ in thousands)
 
June 30,
2012
 
December 31,
2011
 
Remaining Commitment
Alternative Investments
 
 

 
 

 
 

Secondary private equity
 
$
29,596

 
30,114

 
8,651

Private equity
 
23,739

 
21,736

 
3,984

Energy/power generation
 
21,578

 
25,913

 
10,383

Distressed debt
 
14,702

 
16,953

 
2,986

Real estate
 
12,961

 
13,767

 
10,473

Mezzanine financing
 
11,146

 
8,817

 
23,435

Venture capital
 
7,856

 
7,248

 
800

Total alternative investments
 
121,578

 
124,548

 
60,712

Other securities
 
3,962

 
3,753

 
1,494

Total other investments
 
$
125,540

 
128,301

 
62,206
Schedule Of Aggregated Summarized Income Statement Financial Information For Partnerhips In Our Alternative Investment Portfolio [Table Text Block]
Income Statement Information
 
 
 
 
 
 
 
 
 
 
Quarter ended
March 31,
 
Six Months ended
March 31,
($ in millions)
 
2012
 
2011
 
2012
 
2011
Net investment income
 
$
54.0

 
132.6

 
90.1

 
286.8

Realized gains (losses)
 
234.6

 
355.3

 
985.3

 
163.0

Net change in unrealized (depreciation) appreciation
 
53.4

 
608.3

 
(434.0
)
 
2,072.5

Net income
 
$
342.0

 
1,096.2

 
641.4

 
2,522.3

Selective’s insurance subsidiaries’ other investments net income
 
$
3.0

 
7.9

 
5.0

 
19.5

 
Net Investment Income [Table Text Block]
 
 
Quarter ended June 30,
 
Six Months ended June 30,
($ in thousands)
 
2012
 
2011
 
2012
 
2011
Fixed maturity securities
 
$
31,759


32,752


63,109


65,875

Equity securities
 
1,280


785


2,517


1,102

Short-term investments
 
29


33


67


95

Other investments
 
2,963


7,900


4,963


19,541

Miscellaneous income
 
25


22


64


47

Investment expenses
 
(2,050
)

(2,147
)

(4,086
)

(3,842
)
Net investment income earned
 
$
34,006

 
39,345

 
66,634

 
82,818

  
OTTI By Asset Type [Table Text Block]
Second Quarter 2012
 
 
 
 
 
 
($ in thousands) 
 
Gross 
 
Included in Other
Comprehensive
Income (“OCI”)
 
Recognized in
Earnings
Fixed maturity securities
 
 

 
 

 
 

ABS
 
$
30

 
—

 
30

RMBS
 
10

 
(54
)
 
64

OTTI losses
 
$
40

 
(54
)
 
94

 
Second Quarter 2011
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Included in OCI
 
Recognized in Earnings
Fixed maturity securities
 
 

 
 

 
 

CMBS
 
$
(260
)
 
(402
)
 
142

RMBS
 
97

 
70

 
27

OTTI losses
 
$
(163
)
 
(332
)
 
169


Six Months 2012
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Included in OCI
 
Recognized in Earnings
Fixed maturity securities
 
 

 
 

 
 

ABS
 
$
62

 
—

 
62

CMBS
 
108

 
—

 
108

RMBS
 
(44
)
 
(218
)
 
174

Total fixed maturity securities
 
126

 
(218
)
 
344

Equity securities
 
171

 
—

 
171

OTTI losses
 
$
297

 
(218
)
 
515

Six Months 2011
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Included in OCI
 
Recognized in Earnings
Fixed maturity securities
 
 

 
 

 
 

Obligations of state and political subdivisions
 
$
17

 
—

 
17

Corporate securities
 
244

 
—

 
244

CMBS
 
(186
)
 
(658
)
 
472

RMBS
 
294

 
228

 
66

OTTI losses
 
$
369

 
(430
)
 
799
Gross Credit Loss Impairments on Fixed Maturity Securities for Which a Portion of the OTTI Charge was Recognized in OCI
 
 
Quarter ended June 30,
($ in thousands)
 
2012
 
2011
Balance, beginning of period
 
$
6,711

 
14,368

Addition for the amount related to credit loss for which an OTTI was not previously recognized
 
—

 
—

Reductions for securities sold during the period
 
—

 
—

Reductions for securities for which the amount previously recognized in OCI was recognized in earnings because of intention or potential requirement to sell before recovery of amortized cost
 
—

 
—

Reductions for securities for which the entire amount previously recognized in OCI was recognized in earnings due to a decrease in cash flows expected
 
—

 
(372
)
Additional increases to the amount related to credit loss for which an OTTI was previously recognized
 
64

 
28

Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected
 
—

 
—

Balance, end of period
 
$
6,775

 
14,024


 
 
Six Months ended
June 30,
($ in thousands)
 
2012
 
2011
Balance, beginning of period
 
$
6,602

 
17,723

Addition for the amount related to credit loss for which an OTTI was not previously recognized
 
—

 
—

Reductions for securities sold during the period
 
—

 
—

Reductions for securities for which the amount previously recognized in OCI was recognized in earnings because of intention or potential requirement to sell before recovery of amortized cost
 
—

 
—

Reductions for securities for which the entire amount previously recognized in OCI was recognized in earnings due to a decrease in cash flows expected
 
—

 
(3,954
)
Additional increases to the amount related to credit loss for which an OTTI was previously recognized
 
173

 
255

Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected
 
—

 
—

Balance, end of period
 
$
6,775

 
14,024
Components of Net realized Gains Excluding OTTI Charges
 
 
Quarter ended June 30,
 
Six Months ended
June 30,
($ in thousands)
 
2012
 
2011
 
2012
 
2011
HTM fixed maturity securities
 
 

 
 

 
 

 
 

Gains
 
$
2

 
8

 
155

 
9

Losses
 
(25
)
 
(108
)
 
(106
)
 
(322
)
AFS fixed maturity securities
 
 

 
 

 
 

 
 

Gains
 
368

 
1,947

 
773

 
2,354

Losses
 
(74
)
 
—

 
(117
)
 
(7
)
AFS equity securities
 
 

 
 

 
 

 
 

Gains
 
—

 
468

 
4,775

 
6,671

Losses
 
—

 
—

 
(428
)
 
—

Short-term investments
 
 

 
 

 
 

 
 

Losses
 
—

 
—

 
(2
)
 
—

Other investments
 
 
 
 
 
 
 
 
     Gains
 
1


—


1


—

Total other net realized investment gains
 
272


2,315


5,051


8,705

Total OTTI charges recognized in earnings
 
(94
)

(169
)

(515
)

(799
)
Total net realized gains
 
$
178


2,146


4,536


7,906