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Investments (Tables)
 3 Months Ended
Mar. 31, 2019
Investments [Line Items]  
Schedule of Available-for-sale Securities
March 31, 2019
 
 
 
 
 
 
 
 
($ in thousands)
 
Cost/
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
AFS fixed income securities:
 
 
 
 
 
 
 
 
U.S. government and government agencies
 
$
125,664

 
1,766

 
(341
)
 
127,089

Foreign government
 
20,238

 
299

 
(11
)
 
20,526

Obligations of states and political subdivisions
 
1,110,504

 
39,936

 
(197
)
 
1,150,243

Corporate securities
 
1,651,773

 
32,355

 
(6,113
)
 
1,678,015

Collateralized loan obligations and other asset-backed securities ("CLO and other ABS")
 
722,573

 
5,050

 
(5,383
)
 
722,240

Commercial mortgage-backed securities ("CMBS")
 
557,148

 
11,867

 
(815
)
 
568,200

Residential mortgage-backed securities (“RMBS”)
 
1,275,373

 
27,100

 
(1,428
)
 
1,301,045

Total AFS securities
 
$
5,463,273

 
118,373

 
(14,288
)
 
5,567,358

December 31, 2018
 
 
 
 
 
 
 
 
($ in thousands)
 
Cost/
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
AFS fixed income securities:
 
 
 
 
 
 
 
 
U.S. government and government agencies
 
$
120,092

 
1,810

 
(592
)
 
121,310

Foreign government
 
23,202

 
36

 
(107
)
 
23,131

Obligations of states and political subdivisions
 
1,121,615

 
19,485

 
(2,631
)
 
1,138,469

Corporate securities
 
1,639,852

 
5,521

 
(27,965
)
 
1,617,408

CLO and other ABS
 
720,193

 
4,112

 
(6,943
)
 
717,362

CMBS
 
527,409

 
3,417

 
(3,748
)
 
527,078

RMBS
 
1,118,435

 
12,988

 
(3,081
)
 
1,128,342

Total AFS securities
 
$
5,270,798

 
47,369

 
(45,067
)
 
5,273,100
Schedule of Fair Value and Gross Pre-Tax Net Unrealized Loss of Securities by Length of Time, AFS
March 31, 2019
 
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
 
$
13,443

 
(41
)
 
25,774

 
(300
)
 
39,217

 
(341
)
Foreign government
 
—

 
—

 
3,509

 
(11
)
 
3,509

 
(11
)
Obligations of states and political subdivisions
 
15,257

 
(71
)
 
21,676

 
(126
)
 
36,933

 
(197
)
Corporate securities
 
158,607

 
(2,783
)
 
160,121

 
(3,330
)
 
318,728

 
(6,113
)
CLO and other ABS
 
366,775

 
(4,231
)
 
79,489

 
(1,152
)
 
446,264

 
(5,383
)
CMBS
 
112,025

 
(505
)
 
63,774

 
(310
)
 
175,799

 
(815
)
RMBS
 
22,881

 
(258
)
 
83,792

 
(1,170
)
 
106,673

 
(1,428
)
Total AFS securities
 
$
688,988

 
(7,889
)
 
438,135

 
(6,399
)
 
1,127,123

 
(14,288
)

December 31, 2018
 
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
 
$
6,693

 
(174
)
 
23,163

 
(418
)
 
29,856

 
(592
)
Foreign government
 
12,208

 
(93
)
 
1,482

 
(14
)
 
13,690

 
(107
)
Obligations of states and political subdivisions
 
196,798

 
(2,074
)
 
42,821

 
(557
)
 
239,619

 
(2,631
)
Corporate securities
 
1,041,952

 
(23,649
)
 
78,953

 
(4,316
)
 
1,120,905

 
(27,965
)
CLO and other ABS
 
516,106

 
(6,750
)
 
16,800

 
(193
)
 
532,906

 
(6,943
)
CMBS
 
229,338

 
(2,548
)
 
66,294

 
(1,200
)
 
295,632

 
(3,748
)
RMBS
 
139,338

 
(1,660
)
 
45,661

 
(1,421
)
 
184,999

 
(3,081
)
Total AFS fixed income securities
 
$
2,142,433

 
(36,948
)
 
275,174

 
(8,119
)
 
2,417,607

 
(45,067
)
  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
 
$
238,650

 
12,795

 
12,927

Due after one year through five years
 
2,126,600

 
17,574

 
18,728

Due after five years through 10 years
 
3,060,270

 
6,124

 
6,287

Due after 10 years
 
141,838

 
—

 
—

Total fixed income securities
 
$
5,567,358

 
36,493

 
37,942
Schedule of Other Investment Portfolio By Strategy And Remaining Commitment Amount and Maximum Exposure to Loss Associated With Each Strategy
Other Investments
 
March 31, 2019
 
December 31, 2018
($ in thousands)
 
Carrying Value
 
Remaining Commitment
 
Maximum Exposure to Loss1
 
Carrying Value
 
Remaining Commitment
 
Maximum Exposure to Loss1
Alternative Investments
 
 

 
 

 
 
 
 
 
 
 
 
   Private equity
 
$
92,371

 
101,297

 
193,668

 
84,352

 
93,688

 
178,040

   Private credit
 
30,518

 
90,812

 
121,330

 
41,682

 
81,453

 
123,135

   Real assets
 
28,844

 
25,152

 
53,996

 
27,862

 
27,129

 
54,991

Total alternative investments
 
151,733

 
217,261

 
368,994

 
153,896

 
202,270

 
356,166

Other securities
 
24,492

 
—

 
24,492

 
25,042

 
—

 
25,042

Total other investments
 
$
176,225

 
217,261

 
393,486

 
178,938

 
202,270

 
381,208


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 March 31,
($ in millions)
 
2019
 
2018
Net investment income (loss)
 
$
(150.1
)

(56.2
)
Realized gains (losses)
 
143.3


1,003.0

Net change in unrealized appreciation
 
554.3


96.2

Net gain
 
$
547.5


1,043.0

Selective’s insurance subsidiaries’ alternative investments gain
 
$
0.6

 
1.6


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

 
—

 
22.5

 
22.5

Obligations of states and political subdivisions
 
—

 
—

 
3.9

 
3.9

Corporate securities
 
—

 
—

 
0.3

 
0.3

CMBS
 
7.2

 
20.8

 
—

 
28.0

RMBS
 
57.3

 
96.6

 
—

 
153.9

Total pledged as collateral
 
$
64.5

 
117.4

 
26.7


208.6
Schedule of Pre-Tax Net Investment Income Earned
 
 
Quarter ended March 31,
($ in thousands)
 
2019
 
2018
Fixed income securities
 
$
49,033


42,041

Equity securities
 
1,640


1,977

Short-term investments
 
2,044


523

Other investments
 
660


1,563

Investment expenses
 
(2,759
)

(2,873
)
Net investment income earned
 
$
50,618

 
43,231
Schedule of Components of Net Realized and Unrealized Gains and Losses Excluding OTTI Charges
 
 
Quarter ended March 31,
($ in thousands)
 
2019
 
2018
Net realized gains (losses) on the disposals of securities:
 
 
 
 
Fixed income securities
 
$
1,143

 
(3,335
)
Equity securities
 
2,280

 
8,069

Short-term investments
 
14

 
(3
)
Other investments
 
7

 
—

Net realized gains on the disposal of securities
 
3,444

 
4,731

OTTI charges
 
(104
)
 
(1,212
)
Net realized gains
 
3,340

 
3,519

Unrealized gains (losses) recognized in income on equity securities1
 
10,111

 
(14,068
)
Total net realized and unrealized investment gains (losses)
 
$
13,451

 
(10,549
)
1Includes unrealized holding gains (losses) of: (i) $12.0 million in First Quarter 2019 and $(5.1) million in First Quarter 2018 on equity securities remaining in our portfolio as of March 31, 2019 and 2018, respectively; and (ii) $(1.9) million in First Quarter 2019 and $(9.0) million in First Quarter 2018 on equity securities sold in each respective period.
Schedule of Realized Gains and Losses on Disposals of Securities
 
 
Quarter ended March 31,
($ in thousands)
 
2019
 
2018
HTM fixed income securities
 
 
 
 
Gains
 
$
—

 
2

Losses
 
—

 
—

AFS fixed income securities
 
 

 
 

Gains
 
1,844

 
2,623

Losses
 
(701
)
 
(5,960
)
Equity securities
 
 

 
 

Gains
 
2,280

 
8,399

Losses
 
—

 
(330
)
Short-term investments
 
 
 
 
Gains
 
14

 
1

Losses
 
—

 
(4
)
Other investments
 
 
 
 
Gains
 
7

 
—

      Losses
 
—


—

Total net realized gains on disposals of securities
 
$
3,444


4,731