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Investments (Tables)
 6 Months Ended
Jun. 30, 2016
Investments [Line Items]  
Schedule of Held-to-maturity Securities
June 30, 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
 
$
131,480

 
533

 
132,013

 
4,260

 
—

 
136,273

Corporate securities
 
23,995

 
(175
)
 
23,820

 
2,286

 
—

 
26,106

Asset-backed securities (“ABS”)
 
126

 
—

 
126

 
—

 
—

 
126

Commercial mortgage-backed securities (“CMBS”)
 
4,489

 
(151
)
 
4,338

 
218

 
—

 
4,556

Total HTM fixed income securities
 
$
160,090

 
207

 
160,297

 
6,764

 
—

 
167,061

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
June 30, 2016
 
 
 
 
 
 
 
 
($ in thousands)
 
Cost/
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
AFS fixed income securities:
 
 
 
 
 
 
 
 
U.S. government and government agencies
 
$
91,933

 
4,237

 
—

 
96,170

Foreign government
 
8,635

 
424

 
—

 
9,059

Obligations of states and political subdivisions
 
1,379,548

 
82,604

 
—

 
1,462,152

Corporate securities
 
1,977,838

 
62,233

 
(1,963
)
 
2,038,108

ABS
 
257,182

 
1,656

 
(127
)
 
258,711

CMBS
 
249,603

 
6,484

 
(51
)
 
256,036

Residential mortgage-backed
securities (“RMBS”)
 
541,841

 
10,027

 
(318
)
 
551,550

Total AFS fixed income securities
 
4,506,580

 
167,665

 
(2,459
)
 
4,671,786

AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
114,099

 
26,343

 
(1,023
)
 
139,419

Preferred stock
 
12,782

 
737

 
—

 
13,519

Total AFS equity securities
 
126,881

 
27,080

 
(1,023
)
 
152,938

Total AFS securities
 
$
4,633,461

 
194,745

 
(3,482
)
 
4,824,724

 
 
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
June 30, 2016
 
Less than 12 months
 
12 months or longer
($ in thousands)
 
Fair Value
 
Unrealized
Losses1
 
Fair Value
 
Unrealized
Losses1
AFS fixed income securities:
 
 

 
 

 
 

 
 

Corporate securities
 
$
96,244

 
(822
)
 
33,616

 
(1,141
)
ABS
 
46,992

 
(117
)
 
4,665

 
(10
)
CMBS
 
6,348

 
(4
)
 
10,451

 
(47
)
RMBS
 
6,835

 
(19
)
 
50,134

 
(299
)
Total AFS fixed income securities
 
156,419

 
(962
)
 
98,866

 
(1,497
)
AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
16,428

 
(1,023
)
 
—

 
—

Total AFS equity securities
 
16,428

 
(1,023
)
 
—

 
—

Total AFS
 
$
172,847

 
(1,985
)
 
98,866

 
(1,497
)

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)
 
 
June 30, 2016
 
December 31, 2015
Number of
Issues
% of Market/Book
Unrealized/
Unrecognized Loss
 
Number of
Issues
% of Market/Book
Unrealized/
Unrecognized Loss
156

80% - 99%
$
3,482

 
606

80% - 99%
$
22,971

—

60% - 79%
—

 
3

60% - 79%
1,888

—

40% - 59%
—

 
—

40% - 59%
—

—

20% - 39%
—

 
—

20% - 39%
—

—

0% - 19%
—

 
—

0% - 19%
—

 

 
$
3,482

 
 

 
$
24,859

 
Schedule of Other Investment Portfolio By Strategy And Remaining Commitment Amount and Maximum Exposure to Loss Associated With Each Strategy
Other Investments
 
June 30, 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
 
$
28,439

 
34,117

 
62,556

 
35,088

 
30,204

 
65,292

   Private credit
 
23,336

 
23,243

 
46,579

 
13,246

 
15,129

 
28,375

   Real assets
 
14,132

 
30,273

 
44,405

 
19,500

 
25,820

 
45,320

Total alternative investments
 
65,907

 
87,633

 
153,540

 
67,834

 
71,153

 
138,987

Other securities
 
10,144

 
6,850

 
16,994

 
10,008

 
3,200

 
13,208

Total other investments
 
$
76,051

 
94,483

 
170,534

 
77,842

 
74,353

 
152,195


1The maximum exposure to loss includes both the carry value of these investments and the related unfunded commitments. In addition, tax credits that have been previously recognized from our investment in Other securities are subject to the risk of recapture, which we do not consider significant. 
Schedule of Aggregated Summarized Income Statement Financial Information For Partnerships In Our Alternative Investment Portfolio
Income Statement Information
 
Quarter ended March 31,
 
Six months ended March 31,
($ in millions)
 
2016

2015
 
2016
 
2015
Net investment (loss) income
 
$
(4.6
)

8.5

 
$
37.0

 
95.6

Realized gains
 
193.2


279.4

 
981.1

 
592.5

Net change in unrealized depreciation
 
(253.9
)

(223.4
)
 
(1,236.5
)
 
(866.9
)
Net (loss) gain
 
$
(65.3
)

64.5

 
$
(218.4
)
 
(178.8
)
Selective’s insurance subsidiaries’ other investments loss
 
$
(0.6
)

1.4

 
$
(1.7
)
 
(2.1
)

 
Schedule of Securities Pledged As Collateral
($ in millions)
 
FHLBI Collateral
 
FHLBNY Collateral
 
Reinsurance Collateral
 
State and Regulatory Deposits
 
Total
U.S. government and government agencies
 
$
7.5

 
—

 
—

 
23.5

 
31.0

Obligations of states and political subdivisions
 
—

 
—

 
5.0

 
—

 
5.0

Corporate securities
 
—

 
—

 
4.8

 
—

 
4.8

CMBS
 
1.1

 
—

 
—

 
—

 
1.1

RMBS
 
55.0

 
29.9

 
1.6

 
—

 
86.5

Total pledged as collateral
 
$
63.6

 
29.9

 
11.4


23.5


128.4
Schedule of Net Investment Income Earned
 
 
Quarter ended June 30,
 
Six Months ended June 30,
($ in thousands)
 
2016
 
2015
 
2016
 
2015
Fixed income securities
 
$
31,753


30,659

 
$
63,397

 
61,626

Equity securities
 
2,204


2,384

 
4,434

 
4,176

Short-term investments
 
142


23

 
301

 
48

Other investments
 
(611
)

1,422

 
(1,677
)
 
(2,118
)
Investment expenses
 
(2,306
)

(2,258
)
 
(4,504
)
 
(4,585
)
Net investment income earned
 
$
31,182

 
32,230

 
$
61,951

 
59,147
Schedule of OTTI By Asset Type
Second Quarter 2016
 
Gross 
 
Included in Other Comprehensive Income ("OCI")
 
Recognized in
Earnings
($ in thousands) 
 
 
 
AFS fixed income securities:
 
 
 
 
 
 
Corporate securities
 
$
104

 
—

 
104

RMBS
 
98

 
10

 
88

Total AFS fixed income securities
 
202

 
10

 
192

AFS equity securities:
 
 
 
 
 
 
Common stock
 
357

 
—

 
357

Total AFS equity securities
 
357

 
—

 
357

Total OTTI losses
 
$
559

 
10

 
549


Second Quarter 2015
 
Gross 
 
Included in OCI
 
Recognized in
Earnings
($ in thousands) 
 
 
 
AFS fixed income securities:
 
 
 
 
 
 
   Corporate securities
 
$
183

 
—

 
183

Total AFS fixed income securities
 
183

 
—

 
183

AFS equity securities:
 
 
 
 
 
 
Common stock
 
4,088

 
—

 
4,088

Preferred stock
 
180

 
—

 
180

Total AFS equity securities
 
4,268

 
—

 
4,268

Total OTTI losses
 
$
4,451

 
—

 
4,451


Six Months 2016
 
Gross 
 
Included in OCI
 
Recognized in
Earnings
($ in thousands) 
 
 
 
AFS fixed income securities:
 
 
 
 
 
 
Corporate securities
 
$
1,077

 
—

 
1,077

RMBS
 
98

 
10

 
88

Total AFS fixed income securities
 
1,175

 
10

 
1,165

AFS equity securities:
 
 
 
 
 
 
Common stock
 
2,974

 
—

 
2,974

Preferred stock
 
3

 
—

 
3

Total AFS equity securities
 
2,977

 
—

 
2,977

Total OTTI losses
 
$
4,152

 
10

 
4,142


Six Months 2015
 
Gross 
 
Included in OCI
 
Recognized in
Earnings
($ in thousands) 
 
 
 
AFS fixed income securities:
 
 
 
 
 
 
   Corporate securities
 
$
1,192

 
—

 
1,192

   RMBS
 
1

 
—

 
1

Total AFS fixed income securities
 
1,193

 
—

 
1,193

AFS equity securities:
 
 
 
 
 
 
Common stock
 
5,172

 
—

 
5,172

Preferred stock
 
180

 
—

 
180

Total AFS equity securities
 
5,352

 
—

 
5,352

Total OTTI losses
 
$
6,545

 
—

 
6,545
Schedule of Components of Net Realized Gains Excluding OTTI Charges
 
 
Quarter ended June 30,
 
Six Months ended June 30,
($ in thousands)
 
2016
 
2015
 
2016
 
2015
HTM fixed income securities
 
 
 
 
 
 
 
 
Gains
 
$
3

 
2

 
3

 
2

Losses
 
—

 
—

 
(1
)
 
(1
)
AFS fixed income securities
 
 

 
 

 


 


Gains
 
365

 
487

 
985

 
1,989

Losses
 
(5
)
 
(18
)
 
(41
)
 
(130
)
AFS equity securities
 
 

 
 

 


 


Gains
 
2,171

 
830

 
2,501

 
22,148

Losses
 
(220
)
 
(270
)
 
(240
)
 
(1,346
)
Other investments
 
 
 
 
 
 
 
 
      Losses
 
—


—

 
(4
)
 
(654
)
Total net realized gains (excluding OTTI charges)
 
$
2,314


1,031

 
3,203

 
22,008

 
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
 
$
84,415

 
85,514

Due after one year through five years
 
65,616

 
69,914

Due after five years through 10 years
 
10,266

 
11,633

Total HTM fixed income securities
 
$
160,297

 
167,061

 
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
 
$
482,867

Due after one year through five years
 
2,425,517

Due after five years through 10 years
 
1,647,615

Due after 10 years
 
115,787

Total AFS fixed income securities
 
$
4,671,786