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Investments (Tables)
 6 Months Ended
Jun. 30, 2017
Investments [Line Items]  
Schedule of Held-to-maturity Securities
June 30, 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
 
$
53,734

 
185

 
53,919

 
1,703

 
—

 
55,622

Corporate securities
 
18,714

 
(119
)
 
18,595

 
1,323

 
—

 
19,918

Total HTM fixed income securities
 
$
72,448

 
66

 
72,514

 
3,026

 
—

 
75,540

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
June 30, 2017
 
 
 
 
 
 
 
 
($ in thousands)
 
Cost/
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
AFS fixed income securities:
 
 
 
 
 
 
 
 
U.S. government and government agencies
 
$
66,932

 
1,103

 
(32
)
 
68,003

Foreign government
 
18,157

 
557

 
—

 
18,714

Obligations of states and political subdivisions
 
1,360,211

 
45,641

 
(1,086
)
 
1,404,766

Corporate securities
 
1,782,993

 
39,041

 
(524
)
 
1,821,510

Collateralized loan obligations and other asset-backed securities ("CLO and other ABS")
 
698,594

 
4,108

 
(178
)
 
702,524

CMBS
 
277,320

 
2,128

 
(243
)
 
279,205

Residential mortgage-backed
securities (“RMBS”)
 
718,798

 
6,068

 
(866
)
 
724,000

Total AFS fixed income securities
 
4,923,005

 
98,646

 
(2,929
)
 
5,018,722

AFS equity securities:
 
 
 
 
 
 
 
 
Common stock
 
115,315

 
30,108

 
(987
)
 
144,436

Preferred stock
 
16,148

 
1,110

 
—

 
17,258

Total AFS equity securities
 
131,463

 
31,218

 
(987
)
 
161,694

Total AFS securities
 
$
5,054,468

 
129,864

 
(3,916
)
 
5,180,416

 
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 Fair Value and Gross Pre-Tax Net Unrealized/Unrecognized Loss of Securities by Length of Time
June 30, 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
 
$
12,670

 
(32
)
 
—

 
—

 
12,670

 
(32
)
Obligations of states and political subdivisions
 
107,387

 
(1,086
)
 
—

 
—

 
107,387

 
(1,086
)
Corporate securities
 
72,991

 
(517
)
 
2,531

 
(7
)
 
75,522

 
(524
)
CLO and other ABS
 
156,406

 
(178
)
 
—

 
—

 
156,406

 
(178
)
CMBS
 
42,671

 
(243
)
 
—

 
—

 
42,671

 
(243
)
RMBS
 
179,293

 
(860
)
 
449

 
(6
)
 
179,742

 
(866
)
Total AFS fixed income securities
 
571,418

 
(2,916
)
 
2,980

 
(13
)
 
574,398

 
(2,929
)
AFS equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
Common stock
 
18,423

 
(987
)
 
—

 
—

 
18,423

 
(987
)
Total AFS equity securities
 
18,423

 
(987
)
 
—

 
—

 
18,423

 
(987
)
Total AFS
 
$
589,841

 
(3,903
)
 
2,980

 
(13
)
 
592,821

 
(3,916
)

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 Fixed Maturity Securities By Contractual Maturities
 
 
AFS
 
HTM
($ in thousands)
 
Fair Value
 
Carrying Value
 
Fair Value
Due in one year or less
 
$
306,493

 
34,521

 
34,898

Due after one year through five years
 
2,095,055

 
29,648

 
31,498

Due after five years through 10 years
 
2,379,624

 
8,345

 
9,144

Due after 10 years
 
237,550

 
—

 
—

Total fixed income securities
 
$
5,018,722

 
72,514

 
75,540

 
Schedule of Other Investment Portfolio By Strategy And Remaining Commitment Amount and Maximum Exposure to Loss Associated With Each Strategy
Other Investments
 
June 30, 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
 
$
46,945

 
76,027

 
122,972

 
41,135

 
76,774

 
117,909

   Private credit
 
29,942

 
57,391

 
87,333

 
28,193

 
40,613

 
68,806

   Real assets
 
20,783

 
31,237

 
52,020

 
14,486

 
22,899

 
37,385

Total alternative investments
 
97,670

 
164,655

 
262,325

 
83,814

 
140,286

 
224,100

Other securities
 
18,741

 
—

 
18,741

 
18,583

 
3,400

 
21,983

Total other investments
 
$
116,411

 
164,655

 
281,066

 
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 June 30,
 
Six Months ended June 30,
($ in millions)
 
2017

2016
 
2017
 
2016
Net investment (loss) income
 
$
(9.9
)

(4.6
)
 
(62.4
)
 
37.0

Realized gains
 
(70.2
)

193.2

 
(304.3
)
 
981.1

Net change in unrealized depreciation
 
1,418.5


(253.9
)
 
1,890.0

 
(1,236.5
)
Net gain
 
$
1,338.4


(65.3
)
 
1,523.3

 
(218.4
)
Selective’s insurance subsidiaries’ other investments gain (loss)
 
$
5.2


(0.6
)
 
6.8

 
(1.7
)

 
Schedule of Securities Pledged As Collateral
($ in millions)
 
FHLBI Collateral
 
FHLBNY Collateral
 
State and Regulatory Deposits
 
Total
U.S. government and government agencies
 
$
3.1

 
—

 
23.9

 
27.0

Obligations of states and political subdivisions
 
—

 
—

 
2.0

 
2.0

CMBS
 
3.6

 
4.8

 
—

 
8.4

RMBS
 
60.6

 
51.9

 
—

 
112.5

Total pledged as collateral
 
$
67.3

 
56.7

 
25.9


149.9
Schedule of Net Investment Income Earned
 
 
Quarter ended June 30,
 
Six Months ended June 30,
($ in thousands)
 
2017
 
2016
 
2017
 
2016
Fixed income securities
 
$
37,668


31,753

 
$
74,559

 
63,397

Equity securities
 
1,419


2,204

 
2,887

 
4,434

Short-term investments
 
377


142

 
627

 
301

Other investments
 
5,231


(611
)
 
6,834

 
(1,677
)
Investment expenses
 
(3,265
)

(2,306
)
 
(6,058
)
 
(4,504
)
Net investment income earned
 
$
41,430

 
31,182

 
$
78,849

 
61,951
Schedule of OTTI By Asset Type
Second Quarter 2017
 
Gross 
 
Included in Other Comprehensive Income ("OCI")
 
Recognized in
Earnings
($ in thousands) 
 
 
 
AFS fixed income securities:
 
 
 
 
 
 
U.S. government and government agencies
 
$
2

 
—

 
2

Obligations of states and political subdivisions
 
239

 
—

 
239

Corporate securities
 
381

 
—

 
381

CLO and other ABS
 
62

 
—

 
62

CMBS
 
220

 
—

 
220

RMBS
 
71

 
(6
)
 
77

Total AFS fixed income securities
 
975

 
(6
)
 
981

AFS equity securities:
 
 
 
 
 
 
Common stock
 
46

 
—

 
46

Total AFS equity securities
 
46

 
—

 
46

Other Investments
 
190

 
—

 
190

Total OTTI losses
 
$
1,211

 
$
(6
)
 
$
1,217

Second Quarter 2016
 
Gross 
 
Included in 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


Six Months 2017
 
Gross 
 
Included in Other Comprehensive Income ("OCI")
 
Recognized in
Earnings
($ in thousands) 
 
 
 
AFS fixed income securities:
 
 
 
 
 
 
U.S. government and government agencies
 
$
31

 
—

 
31

Obligations of states and political subdivisions
 
612

 
—

 
612

Corporate securities
 
575

 
—

 
575

CLO and other ABS
 
85

 
—

 
85

CMBS
 
670

 
—

 
670

RMBS
 
1,163

 
(6
)
 
1,169

Total AFS fixed income securities
 
3,136

 
(6
)
 
3,142

AFS equity securities:
 
 
 
 
 
 
Common stock
 
1,360

 
—

 
1,360

Total AFS equity securities
 
1,360

 
—

 
1,360

Other Investments
 
190

 
—

 
190

Total OTTI losses
 
$
4,686

 
$
(6
)
 
$
4,692



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
Schedule of Components of Net Realized Gains Excluding OTTI Charges
 
 
Quarter ended June 30,
 
Six Months ended June 30,
($ in thousands)
 
2017
 
2016
 
2017
 
2016
HTM fixed income securities
 
 
 
 
 
 
 
 
Gains
 
$
44

 
3

 
44

 
3

Losses
 
—

 
—

 
(1
)
 
(1
)
AFS fixed income securities
 
 

 
 

 


 


Gains
 
2,715

 
365

 
6,267

 
985

Losses
 
(153
)
 
(5
)
 
(1,740
)
 
(41
)
AFS equity securities
 
 

 
 

 


 


Gains
 
350

 
2,171

 
350

 
2,501

Losses
 
—

 
(220
)
 
—

 
(240
)
Other investments
 
 
 
 
 
 
 
 
Gains
 
—

 
—

 
480

 
—

      Losses
 
(5
)

—

 
(19
)
 
(4
)
Total net realized gains (excluding OTTI charges)
 
$
2,951


2,314

 
5,381

 
3,203