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Schedule II - Parent Corporation Finanical Statements | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Schedule II- Parent Corporation Financial Statements | SCHEDULE II SELECTIVE INSURANCE GROUP, INC. (Parent Corporation) Balance Sheets
|  | December 31,
($ in thousands, except share amounts) |  | 2021 |  | 2020
Assets: |  |  |  |
Fixed income securities, available-for-sale - at fair value (allowance for credit losses: $542 – 2021; $22 – 2020; amortized cost: $317,703 – 2021; $272,256 – 2020 |  | $ | 325,014 |  |  | 290,428 |
Equity securities |  | 136,362 |  |  | 159,524 |
Short-term investments |  | 56,042 |  |  | 36,425 |
Other investments |  | 9,241 |  |  | 3,392 |
Cash |  | 455 |  |  | 394 |
Investment in subsidiaries |  | 2,954,725 |  |  | 2,754,012 |
Current federal income tax |  | 7,208 |  |  | 11,040 |
Deferred federal income tax |  | 4,487 |  |  | 2,218 |
Other assets |  | 9,178 |  |  | 1,959 |
Total assets |  | $ | 3,502,712 |  |  | 3,259,392 |
Liabilities: |  |  |  |
Long-term debt |  | $ | 440,600 |  |  | 440,235 |
Intercompany notes payable |  | 57,980 |  |  | 59,611 |
Accrued long-term stock compensation |  | 10,965 |  |  | 8,238 |
Other liabilities |  | 10,282 |  |  | 12,419 |
Total liabilities |  | $ | 519,827 |  |  | 520,503 |
Stockholders’ Equity: |  |  |  |
Preferred stock of $0 par value per share: |  |  |  |
Authorized shares: 5,000,000; Issued shares: 8,000 with $25,000 liquidation preference per share – 2021 and 2020 |  | $ | 200,000 |  |  | 200,000 |
Common stock of $2 par value per share: |  |  |  |
Authorized shares: 360,000,000 |  |  |  |
Issued: 104,450,916 – 2021; 104,032,912 – 2020 |  | 208,902 |  |  | 208,066 |
Additional paid-in capital |  | 464,347 |  |  | 438,985 |
Retained earnings |  | 2,603,472 |  |  | 2,271,537 |
Accumulated other comprehensive income |  | 115,099 |  |  | 220,186 |
Treasury stock – at cost (shares: 44,266,534 – 2021; 44,127,109 – 2020) |  | (608,935) |  |  | (599,885) |
Total stockholders’ equity |  | 2,982,885 |  |  | 2,738,889 |
Total liabilities and stockholders’ equity |  | $ | 3,502,712 |  |  | 3,259,392 |
See accompanying Report of Independent Registered Public Accounting Firm. Information should be read in conjunction with the Notes to Consolidated Financial Statements of Selective Insurance Group, Inc. and its subsidiaries. Both items are in Item 8. “Financial Statements and Supplementary Data.” of this Form 10-K. SCHEDULE II (continued) SELECTIVE INSURANCE GROUP, INC. (Parent Corporation) Statements of Income
|  | Year ended December 31,
($ in thousands) |  | 2021 |  | 2020 |  | 2019
Revenues: |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 140,018 |  |  | 104,992 |  |  | 110,004 |
Net investment income earned |  | 15,454 |  |  | 7,579 |  |  | 7,301 |
Net realized and unrealized investment gains |  | 1,898 |  |  | 1,756 |  |  | 207 |
Total revenues |  | 157,370 |  |  | 114,327 |  |  | 117,512 |
Expenses: |  |  |  |  |  |
Interest expense |  | 28,988 |  |  | 29,220 |  |  | 33,426 |
Other expenses |  | 28,305 |  |  | 25,412 |  |  | 30,900 |
Total expenses |  | 57,293 |  |  | 54,632 |  |  | 64,326 |
Income before federal income tax |  | 100,077 |  |  | 59,695 |  |  | 53,186 |
Federal income tax (benefit) expense: |  |  |  |  |  |
Current |  | (6,552) |  |  | (10,987) |  |  | (16,080) |
Deferred |  | 12 |  |  | 473 |  |  | 3,606 |
Total federal income tax benefit |  | (6,540) |  |  | (10,514) |  |  | (12,474) |
Net income before equity in undistributed income of subsidiaries |  | 106,617 |  |  | 70,209 |  |  | 65,660 |
Equity in undistributed income of subsidiaries, net of tax |  | 297,220 |  |  | 176,146 |  |  | 205,963 |
Net income |  | $ | 403,837 |  |  | 246,355 |  |  | 271,623 |
Preferred stock dividends |  | 9,353 |  |  | — |  |  | — |
Net income available to common stockholders |  | $ | 394,484 |  |  | 246,355 |  |  | 271,623 |
See accompanying Report of Independent Registered Public Accounting Firm. Information should be read in conjunction with the Notes to Consolidated Financial Statements of Selective Insurance Group, Inc. and its subsidiaries. Both items are in Item 8. “Financial Statements and Supplementary Data.” of this Form 10-K. SCHEDULE II (continued) SELECTIVE INSURANCE GROUP, INC. (Parent Corporation) Statements of Cash Flows
|  | Year ended December 31,
($ in thousands) |  | 2021 |  | 2020 |  | 2019
Operating Activities: |  |  |  |  |  |
Net income |  | $ | 403,837 |  |  | 246,355 |  |  | 271,623 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Equity in undistributed income of subsidiaries, net of tax |  | (297,220) |  |  | (176,146) |  |  | (205,963) |
Stock-based compensation expense |  | 15,893 |  |  | 16,227 |  |  | 19,077 |
Net realized and unrealized investment gains |  | (1,898) |  |  | (1,756) |  |  | (207) |
Undistributed (income) losses of equity method investments |  | (1,859) |  |  | 672 |  |  | — |
Amortization – other |  | 1,076 |  |  | 1,080 |  |  | 4,614 |
Changes in assets and liabilities: |  |  |  |  |  |
Increase (decrease) in accrued long-term stock compensation |  | 2,727 |  |  | (366) |  |  | (12,970) |
Decrease in net federal income taxes |  | 3,843 |  |  | 5,549 |  |  | 1,651 |
Increase in other assets |  | (7,251) |  |  | (317) |  |  | (533) |
(Decrease) increase in other liabilities |  | (1,742) |  |  | (390) |  |  | 3,919 |
Net cash provided by operating activities |  | 117,406 |  |  | 90,908 |  |  | 81,211 |
Investing Activities: |  |  |  |  |  |
Purchase of fixed income securities, available-for-sale |  | (113,829) |  |  | (89,726) |  |  | (153,482) |
Purchase of equity securities |  | (5,676) |  |  | (157,411) |  |  | (10,824) |
Purchase of short-term investments |  | (330,843) |  |  | (523,961) |  |  | (1,116,766) |
Purchase of other investments |  | (4,949) |  |  | (4,065) |  |  | — |
Redemption and maturities of fixed income securities, available-for-sale |  | 51,524 |  |  | 26,877 |  |  | 10,579 |
Sale of fixed income securities, available-for-sale |  | 15,713 |  |  | 23,276 |  |  | 20,189 |
Sale of equity securities |  | 31,204 |  |  | — |  |  | 10,828 |
Sale of short-term investments |  | 311,225 |  |  | 523,813 |  |  | 1,116,253 |
Proceeds from other investments |  | 959 |  |  | — |  |  | — |
Capital contribution to subsidiaries |  | — |  |  | (30,000) |  |  | — |
Net cash used in investing activities |  | (44,672) |  |  | (231,197) |  |  | (123,223) |
Financing Activities: |  |  |  |  |  |
Dividends to preferred stockholders |  | (9,353) |  |  | — |  |  | — |
Dividends to common stockholders |  | (60,136) |  |  | (54,486) |  |  | (47,675) |
Acquisition of treasury stock |  | (9,050) |  |  | (7,053) |  |  | (8,164) |
Proceeds from borrowings |  | — |  |  | 50,000 |  |  | 290,757 |
Repayment of borrowings |  | — |  |  | (50,000) |  |  | (185,000) |
Net proceeds from stock purchase and compensation plans |  | 7,976 |  |  | 8,411 |  |  | 8,243 |
Preferred stock issued, net of issuance costs |  | (479) |  |  | 195,063 |  |  | — |
Principal payment on borrowings from subsidiaries |  | (1,631) |  |  | (1,552) |  |  | (16,354) |
Net cash (used in) provided by financing activities |  | (72,673) |  |  | 140,383 |  |  | 41,807 |
Net increase (decrease) in cash |  | 61 |  |  | 94 |  |  | (205) |
Cash, beginning of year |  | 394 |  |  | 300 |  |  | 505 |
Cash, end of year |  | $ | 455 |  |  | 394 |  |  | 300 |
See accompanying Report of Independent Registered Public Accounting Firm. Information should be read in conjunction with the Notes to Consolidated Financial Statements of Selective Insurance Group, Inc. and its subsidiaries. Both items are in Item 8. “Financial Statements and Supplementary Data.” of this Form 10-K.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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