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Investments (Tables)
 3 Months Ended
Mar. 31, 2016
Investments [Line Items]  
Schedule of Held-to-maturity Securities
March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Amortized
Cost
 
Net
 Unrealized Gains
 (Losses)
 
Carrying
Value
 
Unrecognized
 Holding
Gains
 
Unrecognized Holding
 Losses
 
Fair
Value
Obligations of states and political subdivisions
 
$
138,203

 
674

 
138,877

 
5,031

 
—

 
143,908

Corporate securities
 
19,829

 
(180
)
 
19,649

 
2,299

 
—

 
21,948

Asset-backed securities (“ABS”)
 
808

 
(70
)
 
738

 
67

 
—

 
805

Commercial mortgage-backed securities (“CMBS”)
 
4,506

 
(197
)
 
4,309

 
289

 
—

 
4,598

Total HTM fixed income securities
 
$
163,346

 
227

 
163,573

 
7,686

 
—

 
171,259

December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Amortized
Cost
 
Net
 Unrealized Gains
 (Losses)
 
Carrying
Value
 
Unrecognized
 Holding
Gains
 
Unrecognized Holding
 Losses
 
Fair
Value
Obligations of states and political subdivisions
 
$
175,269

 
848

 
176,117

 
5,763

 
—

 
181,880

Corporate securities
 
20,228

 
(185
)
 
20,043

 
1,972

 
—

 
22,015

ABS
 
1,030

 
(120
)
 
910

 
118

 
—

 
1,028

CMBS
 
4,527

 
(243
)
 
4,284

 
337

 
—

 
4,621

Total HTM fixed income securities
 
$
201,054

 
300

 
201,354

 
8,190

 
—

 
209,544

 
Schedule of Available-for-sale Securities
March 31, 2016
 
 
 
 
 
 
 
 
($ in thousands)
 
Cost/
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
AFS fixed income securities:
 
 
 
 
 
 
 
 
U.S. government and government agencies
 
$
97,933

 
4,686

 
(1
)
 
102,618

Foreign government
 
13,358

 
384

 
—

 
13,742

Obligations of states and political subdivisions
 
1,375,776

 
59,673

 
(134
)
 
1,435,315

Corporate securities
 
1,948,423

 
45,948

 
(6,415
)
 
1,987,956

ABS
 
244,924

 
1,060

 
(167
)
 
245,817

CMBS
 
249,163

 
3,938

 
(209
)
 
252,892

Residential mortgage-backed
securities (“RMBS”)
 
555,142

 
7,851

 
(865
)
 
562,128

Total AFS fixed income securities
 
4,484,719

 
123,540

 
(7,791
)
 
4,600,468

AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
181,396

 
21,548

 
(325
)
 
202,619

Preferred stock
 
12,782

 
388

 
—

 
13,170

Total AFS equity securities
 
194,178

 
21,936

 
(325
)
 
215,789

Total AFS securities
 
$
4,678,897

 
145,476

 
(8,116
)
 
4,816,257

 
December 31, 2015
 
 
 
 
 
 
 
 
($ in thousands)
 
Cost/
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
AFS fixed income securities:
 
 
 
 
 
 
 
 
U.S. government and government agencies
 
$
99,485

 
4,721

 
(91
)
 
104,115

Foreign government
 
14,885

 
298

 
(2
)
 
15,181

Obligations of states and political subdivisions
 
1,314,779

 
44,523

 
(160
)
 
1,359,142

Corporate securities
 
1,892,296

 
23,407

 
(15,521
)
 
1,900,182

ABS
 
244,541

 
531

 
(918
)
 
244,154

CMBS
 
245,252

 
750

 
(2,410
)
 
243,592

RMBS
 
541,276

 
4,274

 
(3,713
)
 
541,837

Total AFS fixed income securities
 
4,352,514

 
78,504

 
(22,815
)
 
4,408,203

AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
181,991

 
14,796

 
(1,998
)
 
194,789

Preferred stock
 
11,825

 
477

 
(40
)
 
12,262

Total AFS equity securities
 
193,816

 
15,273

 
(2,038
)
 
207,051

Total AFS securities
 
$
4,546,330

 
93,777

 
(24,853
)
 
4,615,254
Schedule of Fair Value and Gross Pre-Tax Net Unrealized/Unrecognized Loss of Securities by Length of Time
March 31, 2016
 
Less than 12 months
 
12 months or longer
($ in thousands)
 
Fair Value
 
Unrealized
Losses1
 
Fair Value
 
Unrealized
Losses1
AFS fixed income securities:
 
 

 
 

 
 

 
 

U.S. government and government agencies
 
$
—

 
—

 
400

 
(1
)
Obligations of states and political subdivisions
 
25,867

 
(123
)
 
820

 
(11
)
Corporate securities
 
242,392

 
(4,315
)
 
53,418

 
(2,100
)
ABS
 
73,110

 
(147
)
 
5,900

 
(20
)
CMBS
 
24,891

 
(82
)
 
27,310

 
(127
)
RMBS
 
11,302

 
(112
)
 
91,548

 
(753
)
Total AFS fixed income securities
 
377,562

 
(4,779
)
 
179,396

 
(3,012
)
AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
5,940

 
(325
)
 
—

 
—

Total AFS equity securities
 
5,940

 
(325
)
 
—

 
—

Total AFS
 
$
383,502

 
(5,104
)
 
179,396

 
(3,012
)

December 31, 2015
 
Less than 12 months
 
12 months or longer
($ in thousands)
 
Fair
Value
 
Unrealized
Losses1
 
Fair Value
 
Unrealized
Losses1
AFS fixed income securities:
 
 

 
 

 
 

 
 

U.S. government and government agencies
 
$
16,006

 
(87
)
 
396

 
(4
)
Foreign government
 
1,067

 
(2
)
 
—

 
—

Obligations of states and political subdivisions
 
28,617

 
(160
)
 
—

 
—

Corporate securities
 
761,479

 
(12,671
)
 
50,382

 
(2,850
)
ABS
 
197,477

 
(807
)
 
12,022

 
(111
)
CMBS
 
146,944

 
(2,196
)
 
15,385

 
(214
)
RMBS
 
264,914

 
(1,992
)
 
63,395

 
(1,721
)
Total AFS fixed income securities
 
1,416,504

 
(17,915
)
 
141,580

 
(4,900
)
AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
31,148

 
(1,998
)
 
—

 
—

Preferred stock
 
1,531

 
(40
)
 
—

 
—

Total AFS equity securities
 
32,679

 
(2,038
)
 
—

 
—

Total AFS
 
$
1,449,183

 
(19,953
)
 
141,580

 
(4,900
)
  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.
Schedule of The Number Of Securities In An Unrealized Unrecognized Loss Position
($ in thousands)
 
 
March 31, 2016
 
December 31, 2015
Number of
Issues
% of Market/Book
Unrealized/
Unrecognized Loss
 
Number of
Issues
% of Market/Book
Unrealized/
Unrecognized Loss
252

80% - 99%
$
8,120

 
606

80% - 99%
$
22,971

—

60% - 79%
—

 
3

60% - 79%
1,888

—

40% - 59%
—

 
—

40% - 59%
—

—

20% - 39%
—

 
—

20% - 39%
—

—

0% - 19%
—

 
—

0% - 19%
—

 

 
$
8,120

 
 

 
$
24,859

 
We do not intend to sell any of the securities in the tables above, nor do we believe we will be required to sell any of these securities. We have also reviewed these securities under our OTTI policy, as described in Note 2. “Summary of Significant Accounting Policies” within Item 8. “Financial Statements and Supplementary Data.” of our 2015 Annual Report, and have concluded that they are temporarily impaired. This conclusion reflects our current judgment as to the financial position and future prospects of the entity that issued the investment security and underlying collateral. If our judgment about an individual security changes in the future, we may ultimately record a credit loss after having originally concluded that one did not exist, which could have a material impact on our net income and financial position in future periods.
Schedule of Other Investment Portfolio By Strategy And Remaining Commitment Amount and Maximum Exposure to Loss Associated With Each Strategy
Other Investments
 
March 31, 2016
 
December 31, 2015
($ in thousands)
 
Carrying Value
 
Remaining Commitment
 
Maximum Exposure to Loss1
 
Carrying Value
 
Remaining Commitment
 
Maximum Exposure to Loss1
Alternative Investments
 
 

 
 

 
 
 
 
 
 
 
 
   Private equity
 
$
32,478

 
28,750

 
61,228

 
35,088

 
30,204

 
65,292

   Private credit
 
21,939

 
25,129

 
47,068

 
13,246

 
15,129

 
28,375

   Real assets
 
16,792

 
28,559

 
45,351

 
19,500

 
25,820

 
45,320

Total alternative investments
 
71,209

 
82,438

 
153,647

 
67,834

 
71,153

 
138,987

Other securities
 
9,707

 
6,850

 
16,557

 
10,008

 
3,200

 
13,208

Total other investments
 
$
80,916

 
89,288

 
170,204

 
77,842

 
74,353

 
152,195
Schedule of Aggregated Summarized Income Statement Financial Information For Partnerships In Our Alternative Investment Portfolio
Income Statement Information
 
Quarter ended December 31,
($ in millions)
 
2015

2014
Net investment income
 
$
46.6


77.0

Realized gains
 
752.5


160.5

Net change in unrealized depreciation
 
(883.2
)

(518.0
)
Net loss
 
$
(84.1
)

(280.5
)
Selective’s insurance subsidiaries’ other investments loss
 
$
(1.1
)

(3.5
)

 
Schedule of Securities Pledged As Collateral
($ in millions)
 
FHLBI Collateral
 
Reinsurance Collateral
 
State and Regulatory Deposits
 
Total
U.S. government and government agencies
 
$
7.6

 
—

 
23.8

 
31.4

Obligations of states and political subdivisions
 
—

 
5.0

 
—

 
5.0

Corporate securities
 
—

 
4.8

 
—

 
4.8

CMBS
 
1.1

 
—

 
—

 
1.1

RMBS
 
54.7

 
1.8

 
—

 
56.5

Total pledged as collateral
 
$
63.4

 
11.6


23.8


98.8
Schedule of Net Investment Income Earned
 
 
Quarter ended March 31,
($ in thousands)
 
2016
 
2015
Fixed income securities
 
$
31,644


30,967

Equity securities
 
2,230


1,792

Short-term investments
 
159


25

Other investments
 
(1,066
)

(3,540
)
Investment expenses
 
(2,198
)

(2,327
)
Net investment income earned
 
$
30,769

 
26,917
Schedule of OTTI By Asset Type
First Quarter 2016
 
Gross 
 
Included in Other Comprehensive Income ("OCI")
 
Recognized in
Earnings
($ in thousands) 
 
 
 
AFS fixed income securities:
 
 
 
 
 
 
Corporate securities
 
$
973

 
—

 
973

Total AFS fixed income securities
 
973

 
—

 
973

AFS equity securities:
 
 
 
 
 
 
Common stock
 
2,617

 
—

 
2,617

Preferred stock
 
3

 
—

 
3

Total AFS equity securities
 
2,620

 
—

 
2,620

Total OTTI losses
 
$
3,593

 
—

 
3,593


First Quarter 2015
 
Gross 
 
Included in OCI
 
Recognized in
Earnings
($ in thousands) 
 
 
 
AFS fixed income securities:
 
 
 
 
 
 
   Corporate securities
 
$
1,009

 
—

 
1,009

   RMBS
 
1

 
—

 
1

Total AFS fixed income securities
 
1,010

 
—

 
1,010

AFS equity securities:
 
 
 
 
 
 
Common stock
 
1,084

 
—

 
1,084

Preferred stock
 
—

 
—

 
—

Total AFS equity securities
 
1,084

 
—

 
1,084

Total OTTI losses
 
$
2,094

 
—

 
2,094
Schedule of Components of Net Realized Gains Excluding OTTI Charges
 
 
Quarter ended March 31,
($ in thousands)
 
2016
 
2015
HTM fixed income securities
 
 
 
 
Losses
 
$
(1
)
 
(1
)
AFS fixed income securities
 
 

 
 

Gains
 
620

 
1,502

Losses
 
(36
)
 
(112
)
AFS equity securities
 
 

 
 

Gains
 
330

 
21,318

Losses
 
(20
)
 
(1,076
)
Other investments
 
 
 
 
      Losses
 
(4
)

(654
)
Total net realized gains (excluding OTTI charges)
 
$
889


20,977

 
Held To Maturity Fixed Income Securities [Member]  
Investments [Line Items]  
Schedule of Fixed Maturity Securities By Contractual Maturities
($ in thousands)
 
Carrying Value
 
Fair Value
Due in one year or less
 
$
83,751

 
85,409

Due after one year through five years
 
66,301

 
70,301

Due after five years through 10 years
 
13,521

 
15,549

Total HTM fixed income securities
 
$
163,573

 
171,259

 
AFS Fixed Income Securities [Member]  
Investments [Line Items]  
Schedule of Fixed Maturity Securities By Contractual Maturities
($ in thousands)
 
Fair Value
Due in one year or less
 
$
475,265

Due after one year through five years
 
2,254,485

Due after five years through 10 years
 
1,744,928

Due after 10 years
 
125,790

Total AFS fixed income securities
 
$
4,600,468