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Investments (Tables)
 3 Months Ended
Mar. 31, 2017
Investments [Line Items]  
Schedule of Held-to-maturity Securities
March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Amortized
Cost
 
Net
 Unrealized Gains
 (Losses)
 
Carrying
Value
 
Unrecognized
 Holding
Gains
 
Unrecognized Holding
 Losses
 
Fair
Value
Obligations of states and political subdivisions
 
$
62,534

 
245

 
62,779

 
1,981

 
—

 
64,760

Corporate securities
 
22,194

 
(137
)
 
22,057

 
1,614

 
(92
)
 
23,579

Total HTM fixed income securities
 
$
84,728

 
108

 
84,836

 
3,595

 
(92
)
 
88,339

December 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
 
$
77,466

 
317

 
77,783

 
2,133

 
—

 
79,916

Corporate securities
 
22,711

 
(143
)
 
22,568

 
1,665

 
(158
)
 
24,075

Commercial mortgage-backed securities ("CMBS")
 
1,220

 
(15
)
 
1,205

 
15

 
—

 
1,220

Total HTM fixed income securities
 
$
101,397

 
159

 
101,556

 
3,813

 
(158
)
 
105,211

 
Schedule of Available-for-sale Securities
March 31, 2017
 
 
 
 
 
 
 
 
($ in thousands)
 
Cost/
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
AFS fixed income securities:
 
 
 
 
 
 
 
 
U.S. government and government agencies
 
$
86,816

 
1,566

 
(44
)
 
88,338

Foreign government
 
31,965

 
628

 
—

 
32,593

Obligations of states and political subdivisions
 
1,261,191

 
28,923

 
(2,948
)
 
1,287,166

Corporate securities
 
1,799,706

 
30,493

 
(2,073
)
 
1,828,126

Collateralized loan obligations and other asset-backed securities ("CLO and other ABS")
 
675,838

 
2,998

 
(401
)
 
678,435

CMBS
 
263,217

 
1,314

 
(775
)
 
263,756

Residential mortgage-backed
securities (“RMBS”)
 
686,635

 
3,623

 
(1,667
)
 
688,591

Total AFS fixed income securities
 
4,805,368

 
69,545

 
(7,908
)
 
4,867,005

AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
108,466

 
30,150

 
(285
)
 
138,331

Preferred stock
 
16,148

 
480

 
(41
)
 
16,587

Total AFS equity securities
 
124,614

 
30,630

 
(326
)
 
154,918

Total AFS securities
 
$
4,929,982

 
100,175

 
(8,234
)
 
5,021,923

 
December 31, 2016
 
 
 
 
 
 
 
 
($ in thousands)
 
Cost/
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
AFS fixed income securities:
 
 
 
 
 
 
 
 
U.S. government and government agencies
 
$
75,139

 
2,230

 
(36
)
 
77,333

Foreign government
 
26,559

 
322

 
(16
)
 
26,865

Obligations of states and political subdivisions
 
1,366,287

 
18,610

 
(5,304
)
 
1,379,593

Corporate securities
 
1,976,556

 
27,057

 
(5,860
)
 
1,997,753

CLO and other ABS
 
527,876

 
1,439

 
(355
)
 
528,960

CMBS
 
256,356

 
1,514

 
(1,028
)
 
256,842

RMBS
 
524,986

 
3,006

 
(2,798
)
 
525,194

Total AFS fixed income securities
 
4,753,759

 
54,178

 
(15,397
)
 
4,792,540

AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
104,663

 
26,250

 
(305
)
 
130,608

Preferred stock
 
16,226

 
274

 
(355
)
 
16,145

Total AFS equity securities
 
120,889

 
26,524

 
(660
)
 
146,753

Total AFS securities
 
$
4,874,648

 
80,702

 
(16,057
)
 
4,939,293
Schedule of The Number Of Securities In An Unrealized Unrecognized Loss Position
($ in thousands)
 
 
March 31, 2017
 
December 31, 2016
Number of
Issues
% of Market/Book
Unrealized/
Unrecognized Loss
 
Number of
Issues
% of Market/Book
Unrealized/
Unrecognized Loss
304

80% - 99%
$
8,326

 
456

80% - 99%
$
16,215

—

60% - 79%
—

 
—

60% - 79%
—

—

40% - 59%
—

 
—

40% - 59%
—

—

20% - 39%
—

 
—

20% - 39%
—

—

0% - 19%
—

 
—

0% - 19%
—

 

 
$
8,326

 
 

 
$
16,215
Schedule of Fair Value and Gross Pre-Tax Net Unrealized/Unrecognized Loss of Securities by Length of Time
March 31, 2017
 
Less than 12 months
 
12 months or longer
 
Total
($ in thousands)
 
Fair Value
 
Unrealized
Losses1
 
Fair Value
 
Unrealized
Losses1
 
Fair Value
 
Unrealized
Losses1
AFS fixed income securities:
 
 

 
 

 
 

 
 

 
 
 
 
U.S. government and government agencies
 
$
9,012

 
(44
)
 
—

 
—

 
9,012

 
(44
)
Obligations of states and political subdivisions
 
114,632

 
(2,948
)
 
—

 
—

 
114,632

 
(2,948
)
Corporate securities
 
229,836

 
(2,068
)
 
244

 
(5
)
 
230,080

 
(2,073
)
CLO and other ABS
 
137,388

 
(400
)
 
310

 
(1
)
 
137,698

 
(401
)
CMBS
 
80,494

 
(775
)
 
—

 
—

 
80,494

 
(775
)
RMBS
 
212,486

 
(1,588
)
 
2,246

 
(79
)
 
214,732

 
(1,667
)
Total AFS fixed income securities
 
783,848

 
(7,823
)
 
2,800

 
(85
)
 
786,648

 
(7,908
)
AFS equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
Common stock
 
10,088

 
(285
)
 
—

 
—

 
10,088

 
(285
)
Preferred stock
 
1,527

 
(41
)
 
—

 
—

 
1,527

 
(41
)
Total AFS equity securities
 
11,615

 
(326
)
 
—

 
—

 
11,615

 
(326
)
Total AFS
 
$
795,463

 
(8,149
)
 
2,800

 
(85
)
 
798,263

 
(8,234
)

December 31, 2016
 
Less than 12 months
 
12 months or longer
 
Total
($ in thousands)
 
Fair
Value
 
Unrealized
Losses1
 
Fair Value
 
Unrealized
Losses1
 
Fair Value
 
Unrealized
Losses1
AFS fixed income securities:
 
 

 
 

 
 

 
 

 
 
 
 
U.S. government and government agencies
 
$
6,419

 
(36
)
 
—

 
—

 
6,419

 
(36
)
Foreign government
 
13,075

 
(16
)
 
—

 
—

 
13,075

 
(16
)
Obligations of states and political subdivisions
 
306,509

 
(5,304
)
 
—

 
—

 
306,509

 
(5,304
)
Corporate securities
 
462,902

 
(5,771
)
 
4,913

 
(89
)
 
467,815

 
(5,860
)
CLO and other ABS
 
189,795

 
(354
)
 
319

 
(1
)
 
190,114

 
(355
)
CMBS
 
82,492

 
(1,021
)
 
1,645

 
(7
)
 
84,137

 
(1,028
)
RMBS
 
279,480

 
(2,489
)
 
8,749

 
(309
)
 
288,229

 
(2,798
)
Total AFS fixed income securities
 
1,340,672

 
(14,991
)
 
15,626

 
(406
)
 
1,356,298

 
(15,397
)
AFS equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
Common stock
 
11,271

 
(305
)
 
—

 
—

 
11,271

 
(305
)
Preferred stock
 
6,168

 
(355
)
 
—

 
—

 
6,168

 
(355
)
Total AFS equity securities
 
17,439

 
(660
)
 
—

 
—

 
17,439

 
(660
)
Total AFS
 
$
1,358,111

 
(15,651
)
 
15,626

 
(406
)
 
1,373,737

 
(16,057
)
  1 Gross unrealized losses include non-OTTI unrealized amounts and OTTI losses recognized in AOCI. 

Schedule of Other Investment Portfolio By Strategy And Remaining Commitment Amount and Maximum Exposure to Loss Associated With Each Strategy
Other Investments
 
March 31, 2017
 
December 31, 2016
($ in thousands)
 
Carrying Value
 
Remaining Commitment
 
Maximum Exposure to Loss1
 
Carrying Value
 
Remaining Commitment
 
Maximum Exposure to Loss1
Alternative Investments
 
 

 
 

 
 
 
 
 
 
 
 
   Private equity
 
$
41,354

 
74,669

 
116,023

 
41,135

 
76,774

 
117,909

   Private credit
 
31,026

 
40,745

 
71,771

 
28,193

 
40,613

 
68,806

   Real assets
 
16,265

 
27,764

 
44,029

 
14,486

 
22,899

 
37,385

Total alternative investments
 
88,645

 
143,178

 
231,823

 
83,814

 
140,286

 
224,100

Other securities
 
18,151

 
267

 
18,418

 
18,583

 
3,400

 
21,983

Total other investments
 
$
106,796

 
143,445

 
250,241

 
102,397

 
143,686

 
246,083


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 December 31,
($ in millions)
 
2016

2015
Net investment (loss) income
 
$
25.6


46.6

Realized gains
 
(235.1
)

752.5

Net change in unrealized depreciation
 
561.5


(883.2
)
Net gain
 
$
352.0


(84.1
)
Selective’s insurance subsidiaries’ other investments gain (loss)
 
$
1.6


(1.1
)

 
Schedule of Securities Pledged As Collateral
($ in millions)
 
FHLBI Collateral
 
FHLBNY Collateral
 
State and Regulatory Deposits
 
Total
U.S. government and government agencies
 
$
4.3

 
—

 
24.4

 
28.7

CMBS
 
3.6

 
4.8

 
—

 
8.4

RMBS
 
60.4

 
53.9

 
—

 
114.3

Total pledged as collateral
 
$
68.3

 
58.7

 
24.4


151.4
Schedule of Net Investment Income Earned
 
 
Quarter ended March 31,
($ in thousands)
 
2017
 
2016
Fixed income securities
 
$
36,891


31,644

Equity securities
 
1,468


2,230

Short-term investments
 
250


159

Other investments
 
1,603


(1,066
)
Investment expenses
 
(2,793
)

(2,198
)
Net investment income earned
 
$
37,419

 
30,769
Schedule of OTTI By Asset Type
First Quarter 2017
 
Gross 
 
Included in Other Comprehensive Income ("OCI")
 
Recognized in
Earnings
($ in thousands) 
 
 
 
AFS fixed income securities:
 
 
 
 
 
 
U.S. government and government agencies
 
29

 
—

 
29

Obligations of states and political subdivisions
 
373

 
—

 
373

Corporate securities
 
194

 
—

 
194

CLO and other ABS
 
23

 
—

 
23

CMBS
 
450

 
—

 
450

RMBS
 
1,092

 
—

 
1,092

Total AFS fixed income securities
 
2,161

 
—

 
2,161

AFS equity securities:
 
 
 
 
 
 
Common stock
 
$
1,314

 
—

 
1,314

Total AFS equity securities
 
1,314

 
—

 
1,314

Total OTTI losses
 
$
3,475

 
—

 
3,475

First Quarter 2016
 
Gross 
 
Included in 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
Schedule of Components of Net Realized Gains Excluding OTTI Charges
 
 
Quarter ended March 31,
($ in thousands)
 
2017
 
2016
HTM fixed income securities
 
 
 
 
Gains
 
$
—

 
—

Losses
 
(1
)
 
(1
)
AFS fixed income securities
 
 

 
 

Gains
 
3,552

 
620

Losses
 
(1,587
)
 
(36
)
AFS equity securities
 
 

 
 

Gains
 
—

 
330

Losses
 
—

 
(20
)
Other investments
 
 
 
 
Gains
 
480

 
—

      Losses
 
(14
)

(4
)
Total net realized gains (excluding OTTI charges)
 
$
2,430


889

 
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
 
$
39,376

 
39,876

Due after one year through five years
 
37,028

 
39,365

Due after five years through 10 years
 
8,432

 
9,098

Total HTM fixed income securities
 
$
84,836

 
88,339

 
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
 
$
331,997

Due after one year through five years
 
1,989,887

Due after five years through 10 years
 
2,294,091

Due after 10 years
 
251,030

Total AFS fixed income securities
 
$
4,867,005