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Parent Corporation Financial Statements | 12 Months Ended
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Dec. 31, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Parent Corporation Financial Statements | SCHEDULE I SELECTIVE INSURANCE GROUP, INC. (Parent Corporation) Balance Sheets
|  | December 31,
($ in thousands, except share amounts) |  | 2012 |  | 2011
Assets: |  |  |  |  |  |
Fixed maturity securities, available-for-sale – at fair value (amortized cost: $40,701 – 2012; $19,542 - 2011) |  | $ | 41,202 |  |  | 19,768 |
Short-term investments |  | 26,787 |  |  | 33,948 |
Cash |  | 210 |  |  | 722 |
Investment in subsidiaries |  | 1,356,701 |  |  | 1,338,070 |
Current federal income tax |  | 8,133 |  |  | 13,030 |
Deferred federal income tax |  | 19,840 |  |  | 10,590 |
Other assets |  | 9,695 |  |  | 12,823 |
Total assets |  | $ | 1,462,568 |  |  | 1,428,951 |
Liabilities: |  |  |  |  |  |
Notes payable |  | $ | 249,387 |  |  | 249,360 |
Intercompany notes payable |  | 103,443 |  |  | 107,131 |
Other liabilities |  | 19,146 |  |  | 14,132 |
Total liabilities |  | $ | 371,976 |  |  | 370,623 |
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 |  |  |  |  |  |
Common stock of $2 par value per share |  |  |  |
Authorized shares: 360,000,000 |  |  |  |
Issued: 98,194,224 – 2012; 97,246,711 – 2011 |  | 196,388 |  |  | 194,494 |
Additional paid-in capital |  | 270,654 |  |  | 257,370 |
Retained earnings |  | 1,125,154 |  |  | 1,116,319 |
Accumulated other comprehensive income |  | 54,040 |  |  | 42,294 |
Treasury stock – at cost (shares: 43,030,776 – 2012; 42,836,201 – 2011) |  | (555,644 | ) |  | (552,149 | )
Total stockholders’ equity |  | 1,090,592 |  |  | 1,058,328 |
Total liabilities and stockholders’ equity |  | $ | 1,462,568 |  |  | 1,428,951 |
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 this Form 10-K. SCHEDULE I (continued) SELECTIVE INSURANCE GROUP, INC. (Parent Corporation) Statements of Income
|  | Year ended December 31,
($ in thousands) |  | 2012 |  | 2011 |  | 2010
Revenues: |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 196,091 |  |  | 63,025 |  |  | 48,010 |
Net investment income earned |  | 495 |  |  | 231 |  |  | 130 |
Other income |  | 464 |  |  | 362 |  |  | 107 |
Total revenues |  | 197,050 |  |  | 63,618 |  |  | 48,247 |
Expenses: |  |  |  |  |  |  |  |  |
Interest expense |  | 20,711 |  |  | 20,203 |  |  | 20,615 |
Other expenses |  | 20,632 |  |  | 16,832 |  |  | 16,039 |
Total expenses |  | 41,343 |  |  | 37,035 |  |  | 36,654 |
Income from continuing operations, before federal income tax |  | 155,707 |  |  | 26,583 |  |  | 11,593 |
Federal income tax benefit: |  |  |  |  |  |  |  |  |
Current |  | (4,602 | ) |  | (12,785 | ) |  | (11,645 | )
Deferred |  | (9,347 | ) |  | 490 |  |  | (848 | )
Total federal income tax benefit |  | (13,949 | ) |  | (12,295 | ) |  | (12,493 | )
Net income from continuing operations before equity in undistributed income of subsidiaries |  | 169,656 |  |  | 38,878 |  |  | 24,086 |
Equity in undistributed income of continuing subsidiaries, net of tax |  | — |  |  | — |  |  | 46,660 |
Dividends in excess of continuing subsidiaries’ current year earnings |  | (131,693 | ) |  | (16,195 | ) |  | — |
Net income from continuing operations |  | 37,963 |  |  | 22,683 |  |  | 70,746 |
Loss on disposal of discontinued operations, net of tax |  | — |  |  | (650 | ) |  | (3,780 | )
Net income |  | $ | 37,963 |  |  | 22,033 |  |  | 66,966 |
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 this Form 10-K. SCHEDULE I (continued) SELECTIVE INSURANCE GROUP, INC. (Parent Corporation) Statements of Cash Flows
|  | Year ended December 31,
($ in thousands) |  | 2012 |  | 2011 |  | 2010
Operating Activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 37,963 |  |  | 22,033 |  |  | 66,966 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Equity in undistributed income of subsidiaries, net of tax |  | — |  |  | — |  |  | (46,660 | )
Dividends in excess of subsidiaries’ current year income |  | 131,693 |  |  | 16,195 |  |  | — |
Stock-based compensation expense |  | 6,939 |  |  | 7,422 |  |  | 8,017 |
Loss on disposal of discontinued operations |  | — |  |  | 650 |  |  | 3,780 |
Realized gain |  | (219 | ) |  | — |  | — |  | — |
Amortization – other |  | 450 |  |  | 229 |  |  | 149 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |
Increase (decrease) in accrued salaries and benefits |  | 5,221 |  |  | 330 |  |  | 2,500 |
Decrease in net federal income taxes |  | 4,897 |  |  | 742 |  |  | 4,261 |
Other, net |  | (7,014 | ) |  | (2,234 | ) |  | (1,287 | )
Net adjustments |  | 141,967 |  |  | 23,334 |  |  | (29,240 | )
Net cash provided by operating activities |  | 179,930 |  |  | 45,367 |  |  | 37,726 |
Investing Activities: |  |  |  |  |  |  |  |  |
Purchase of fixed maturity securities, available-for-sale |  | (148,604 | ) |  | (19,643 | ) |  | — |
Redemption and maturities of fixed maturity securities, held-to-maturity |  | 127,344 |  |  | 796 |  |  | 513 |
Purchase of short-term investments |  | (106,539 | ) |  | (128,378 | ) |  | (110,807 | )
Sale of short-term investments |  | 113,700 |  |  | 144,538 |  |  | 108,565 |
Capital contribution to subsidiaries |  | (139,122 | ) |  | — |  |  | — |
Purchase of subsidiary, net of cash acquired |  | 255 |  |  | (51,728 | ) |  | — |
Sale of subsidiary |  | 751 |  |  | 1,152 |  |  | 978 |
Net cash used in investing activities |  | (152,215 | ) |  | (53,263 | ) |  | (751 | )
Financing Activities: |  |  |  |  |  |  |  |  |
Dividends to stockholders |  | (26,944 | ) |  | (26,513 | ) |  | (26,056 | )
Acquisition of treasury stock |  | (3,495 | ) |  | (2,741 | ) |  | (1,686 | )
Principal payment on notes payable |  | — |  |  | — |  |  | (12,300 | )
Net proceeds from stock purchase and compensation plans |  | 4,840 |  |  | 5,011 |  |  | 4,962 |
Excess tax benefits (expense) from share-based payment arrangements |  | 1,060 |  |  | (90 | ) |  | (744 | )
Borrowings from subsidiaries |  | — |  |  | 45,000 |  |  | — |
Principal payment on borrowings from subsidiaries |  | (3,688 | ) |  | (12,654 | ) |  | (623 | )
Net cash (used in) provided by financing activities |  | (28,227 | ) |  | 8,013 |  |  | (36,447 | )
Net (decrease) increase in cash |  | (512 | ) |  | 117 |  |  | 528 |
Cash, beginning of year |  | 722 |  |  | 605 |  |  | 77 |
Cash, end of year |  | $ | 210 |  |  | 722 |  |  | 605 |
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 this 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 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: 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=7656940&loc=d3e5283-111683 Reference 6: 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 7: 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. + Details
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