SIGI FY 2012 Earnings Report — Selective Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

Selective Insurance Group, Inc.SIGI

FY 2012 Earnings

Reported February 21, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.7B	—	—	—	—
Op. Income	$38M	—	—	—	—
Gross Margin	5.0%	—	—	—	—
Net Margin	2.2%	—	—	—	—
EPS (Diluted)	$0.68	—	—	—	—
Free Cash Flow	$214M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.6B
GROSS PROFIT	$87M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$49M
Operating Expenses	$49M
Cost & Expenses	$1.7B
OPERATING INCOME	$38M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$38M
Income Tax Expense	-$328.0K
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$39M
EBIT	$57M
EBITDA	$95M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.6B
GROSS PROFIT	$87M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$49M
Operating Expenses	$49M
Cost & Expenses	$1.7B
OPERATING INCOME	$38M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$38M
Income Tax Expense	-$328.0K
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$39M
EBIT	$57M
EBITDA	$95M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$38M
Depreciation & Amortization	$39M
Stock-Based Compensation	$7M
Deferred Income Tax	$0
Other Non-Cash Items	-$7M
Change in Working Capital	$150M
OPERATING CASH FLOW	$227M
Capital Expenditure	-$13M
Acquisitions (Net)	$1M
Purchases of Investments	-$2.7B
Sales/Maturities of Investments	$2.5B
Other Investing Activities	$25M
NET CASH FROM INVESTING	-$203M
Net Debt Issuance	$0
Common Stock Repurchased	-$3M
Common Dividends Paid	-$27M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$25M
FREE CASH FLOW	$214M
Net Change in Cash	-$552.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$210.0K
Short-Term Investments	$3.7B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$210.0K
PP&E (Net)	$47M
Goodwill	$8M
Intangible Assets	$0
Long-Term Investments	$4.2B
Tax Assets	$0
Other Non-Current Assets	-$4.1B
TOTAL NON-CURRENT ASSETS	$211M
TOTAL ASSETS	$6.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$144M
TOTAL CURRENT LIABILITIES	$8M
Long-Term Debt	$307M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$56M
TOTAL NON-CURRENT LIABILITIES	$364M
TOTAL LIABILITIES	$5.7B
Common Stock	$196M
Additional Paid-In Capital	$271M
Retained Earnings	$1.1B
Treasury Stock	-$556M
Accum. Other Comp. Income	$54M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$6.8B
Total Debt	$307M
Net Debt	$307M