Selective Insurance Group, Inc. - Company Profile
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Selective Insurance Group, Inc. (Selective) is an insurance holding company for property and casualty insurance companies. It offers insurance such as business, personal, flood insurance and excess and surplus lines. Its business insurance products provide coverage for business owner’s policy, workers compensation, umbrella liability, surety bonds, property, product recall expense, management liability, inland marine, identity recovery, general liability, commercial automobile, and among others. The company’s personal insurance coverages include home, auto, apartment/renters, condominium/townhouse and umbrella. Selective offers residential, commercial and excess flood insurance products. It also offers alternative risk management services. The company provides its products and services to public entities, businesses and individuals through independent agents across Eastern, Southern and Midwestern states of the US and the District of Columbia. Selective is headquartered at Branchville, in New Jersey, the US.
Headquarters
United States of America
Address
40 Wantage Ave, Branchville, New Jersey, 07890-0001
Website
www.selective.com
Telephone
1 973 9483000
No of Employees
2,650
Industry
Financial Services
Ticker Symbol & Exchange
SIGI (NASD)
Revenue (2023)
$4.2B
17.6%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
62.4%
(2023 vs 2022)
Market Cap*
$6.3B
Net Profit Margin (2023)
XYZ
38.2%
(2023 vs 2022)
* As of and is in US$
Selective Insurance Group, Inc. premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Personal solutions: | Selective |
| Automobile Insurance | |
| Flood Insurance | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company partnered with Phyn to provide eligible homeowners policyholders with Phyn Plus, an award-winning smart water monitoring device. |
| 2023 | New Products/Services | In March, the company introduced an ergonomic risk assessment tool that can identify high-risk body positions or movements. |
| 2022 | Corporate Awards | In November, the company along with the Selective Insurance Group Foundation teamed up with One Warm Coat to provide for those in need. |
Competitor Comparison
| Key Parameters | Selective Insurance Group, Inc. | Zurich Insurance Group Ltd | The Progressive Corp | Nationwide Mutual Insurance Co | State Farm Mutual Automobile Insurance Co |
|---|---|---|---|---|---|
| Headquarters | United States of America | Switzerland | United States of America | United States of America | United States of America |
| City | Branchville | Zuerich | Mayfield Village | Columbus | Bloomington |
| State/Province | New Jersey | Zurich | Ohio | Ohio | Illinois |
| No. of Employees | 2,650 | 60,000 | 55,100 | - | 53,000 |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| John J. Marchioni | Chairman; Chief Executive Officer; President | Executive Board | 2022 | 53 |
| Mark A. Wilcox | Executive Vice President; Chief Financial Officer | Senior Management | 2017 | 55 |
| Brenda M. Hall | Executive Vice President - Commercial Lines; Chief Operating Officer | Senior Management | - | 52 |
| Anthony D. Harnett | Senior Vice President; Chief Accounting Officer | Senior Management | - | - |
| John Bresney | Chief Information Officer; Executive Vice President | Senior Management | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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