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Investments (Tables)
 9 Months Ended
Sep. 30, 2016
Investments [Line Items]  
Schedule of Held-to-maturity Securities
September 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
 
$
104,159

 
414

 
104,573

 
3,256

 
—

 
107,829

Corporate securities
 
23,722

 
(165
)
 
23,557

 
2,294

 
—

 
25,851

Asset-backed securities (“ABS”)
 
51

 
—

 
51

 
—

 
—

 
51

Commercial mortgage-backed securities (“CMBS”)
 
2,346

 
(55
)
 
2,291

 
72

 
—

 
2,363

Total HTM fixed income securities
 
$
130,278

 
194

 
130,472

 
5,622

 
—

 
136,094

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
September 30, 2016
 
 
 
 
 
 
 
 
($ in thousands)
 
Cost/
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
AFS fixed income securities:
 
 
 
 
 
 
 
 
U.S. government and government agencies
 
$
86,491

 
3,400

 
—

 
89,891

Foreign government
 
9,041

 
443

 
—

 
9,484

Obligations of states and political subdivisions
 
1,376,245

 
70,984

 
(333
)
 
1,446,896

Corporate securities
 
2,136,761

 
60,784

 
(1,427
)
 
2,196,118

ABS
 
282,558

 
1,964

 
(69
)
 
284,453

CMBS
 
261,233

 
5,634

 
(93
)
 
266,774

Residential mortgage-backed
securities (“RMBS”)
 
529,938

 
9,294

 
(316
)
 
538,916

Total AFS fixed income securities
 
4,682,267

 
152,503

 
(2,238
)
 
4,832,532

AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
111,746

 
24,832

 
(1,089
)
 
135,489

Preferred stock
 
11,235

 
580

 
—

 
11,815

Total AFS equity securities
 
122,981

 
25,412

 
(1,089
)
 
147,304

Total AFS securities
 
$
4,805,248

 
177,915

 
(3,327
)
 
4,979,836

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

 
 

 
 

 
 

Obligations of states and political subdivisions
 
$
74,989

 
(333
)
 
—

 
—

Corporate securities
 
155,880

 
(1,139
)
 
30,469

 
(288
)
ABS
 
21,766

 
(66
)
 
2,450

 
(3
)
CMBS
 
24,633

 
(59
)
 
8,709

 
(34
)
RMBS
 
13,674

 
(40
)
 
37,677

 
(276
)
Total AFS fixed income securities
 
290,942

 
(1,637
)
 
79,305

 
(601
)
AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
12,528

 
(1,089
)
 
—

 
—

Total AFS equity securities
 
12,528

 
(1,089
)
 
—

 
—

Total AFS
 
$
303,470

 
(2,726
)
 
79,305

 
(601
)

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. 

Schedule of The Number Of Securities In An Unrealized Unrecognized Loss Position
($ in thousands)
 
 
September 30, 2016
 
December 31, 2015
Number of
Issues
% of Market/Book
Unrealized Loss
 
Number of
Issues
% of Market/Book
Unrealized/
Unrecognized Loss
180

80% - 99%
$
3,327

 
606

80% - 99%
$
22,971

—

60% - 79%
—

 
3

60% - 79%
1,888

—

40% - 59%
—

 
—

40% - 59%
—

—

20% - 39%
—

 
—

20% - 39%
—

—

0% - 19%
—

 
—

0% - 19%
—

 

 
$
3,327

 
 

 
$
24,859

 
Schedule of Other Investment Portfolio By Strategy And Remaining Commitment Amount and Maximum Exposure to Loss Associated With Each Strategy
Other Investments
 
September 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
 
$
35,444

 
57,793

 
93,237

 
35,088

 
30,204

 
65,292

   Private credit
 
27,709

 
30,763

 
58,472

 
13,246

 
15,129

 
28,375

   Real assets
 
15,329

 
22,922

 
38,251

 
19,500

 
25,820

 
45,320

Total alternative investments
 
78,482

 
111,478

 
189,960

 
67,834

 
71,153

 
138,987

Other securities
 
10,030

 
22,611

 
32,641

 
10,008

 
3,200

 
13,208

Total other investments
 
$
88,512

 
134,089

 
222,601

 
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 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 June 30,
 
Nine months ended June 30,
($ in millions)
 
2016

2015
 
2016
 
2015
Net investment (loss) income
 
$
(55.4
)

44.1

 
26.1

 
139.6

Realized gains
 
245.6


385.2

 
1,186.8

 
977.7

Net change in unrealized depreciation
 
117.8


(222.2
)
 
(1,132.8
)
 
(1,089.0
)
Net gain
 
$
308.0


207.1

 
80.1

 
28.3

Selective’s insurance subsidiaries’ other investments gain (loss)
 
$
1.6


1.3

 
—

 
(0.8
)

 
Schedule of Securities Pledged As Collateral
($ in millions)
 
FHLBI Collateral
 
FHLBNY Collateral
 
State and Regulatory Deposits
 
Total
U.S. government and government agencies
 
$
7.4

 
—

 
23.1

 
30.5

CMBS
 
1.0

 
—

 
—

 
1.0

RMBS
 
53.1

 
64.4

 
—

 
117.5

Total pledged as collateral
 
$
61.5

 
64.4

 
23.1


149.0
Schedule of Net Investment Income Earned
 
 
Quarter ended September 30,
 
Nine Months ended September 30,
($ in thousands)
 
2016
 
2015
 
2016
 
2015
Fixed income securities
 
$
32,453


30,601

 
$
95,850

 
92,227

Equity securities
 
1,506


2,370

 
5,940

 
6,546

Short-term investments
 
192


24

 
493

 
72

Other investments
 
1,628


1,337

 
(49
)
 
(781
)
Investment expenses
 
(2,404
)

(2,271
)
 
(6,908
)
 
(6,856
)
Net investment income earned
 
$
33,375

 
32,061

 
$
95,326

 
91,208
Schedule of OTTI By Asset Type
Third Quarter 2016
 
Gross 
 
Included in Other Comprehensive Income ("OCI")
 
Recognized in
Earnings
($ in thousands) 
 
 
 
AFS equity securities:
 
 
 
 
 
 
Common stock
 
$
342

 
—

 
342

Total AFS equity securities
 
342

 
—

 
342

Total OTTI losses
 
$
342

 
—

 
342

Third Quarter 2015
 
Gross 
 
Included in OCI
 
Recognized in
Earnings
($ in thousands) 
 
 
 
AFS fixed income securities:
 
 
 
 
 
 
   Corporate securities
 
$
253

 
—

 
253

Total AFS fixed income securities
 
253

 
—

 
253

AFS equity securities:
 
 
 
 
 
 
Common stock
 
1,029

 
—

 
1,029

Total AFS equity securities
 
1,029

 
—

 
1,029

Total OTTI losses
 
$
1,282

 
—

 
1,282

Nine 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
 
3,316

 
—

 
3,316

Preferred stock
 
3

 
—

 
3

Total AFS equity securities
 
3,319

 
—

 
3,319

Total OTTI losses
 
$
4,494

 
10

 
4,484

Nine Months 2015
 
Gross 
 
Included in OCI
 
Recognized in
Earnings
($ in thousands) 
 
 
 
AFS fixed income securities:
 
 
 
 
 
 
   Corporate securities
 
$
1,445

 
—

 
1,445

   RMBS
 
1

 
—

 
1

Total AFS fixed income securities
 
1,446

 
—

 
1,446

AFS equity securities:
 
 
 
 
 
 
Common stock
 
6,201

 
—

 
6,201

Preferred stock
 
180

 
—

 
180

Total AFS equity securities
 
6,381

 
—

 
6,381

Total OTTI losses
 
$
7,827

 
—

 
7,827
Schedule of Components of Net Realized Gains Excluding OTTI Charges
 
 
Quarter ended September 30,
 
Nine Months ended September 30,
($ in thousands)
 
2016
 
2015
 
2016
 
2015
HTM fixed income securities
 
 
 
 
 
 
 
 
Gains
 
$
—

 
3

 
3

 
5

Losses
 
—

 
—

 
(1
)
 
(1
)
AFS fixed income securities
 
 

 
 

 


 


Gains
 
2,204

 
169

 
3,189

 
2,158

Losses
 
(40
)
 
—

 
(81
)
 
(130
)
AFS equity securities
 
 

 
 

 


 


Gains
 
1,863

 
1,419

 
4,364

 
23,567

Losses
 
—

 
(1
)
 
(240
)
 
(1,347
)
Other investments
 
 
 
 
 
 
 
 
Gains
 
3

 
—

 
3

 
—

      Losses
 
—


—

 
(4
)
 
(654
)
Total net realized gains (excluding OTTI charges)
 
$
4,030


1,590

 
7,233

 
23,598

 
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
 
$
59,074

 
59,671

Due after one year through five years
 
62,778

 
66,622

Due after five years through 10 years
 
8,620

 
9,801

Total HTM fixed income securities
 
$
130,472

 
136,094

 
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
 
$
491,206

Due after one year through five years
 
2,403,246

Due after five years through 10 years
 
1,823,028

Due after 10 years
 
115,052

Total AFS fixed income securities
 
$
4,832,532