SIGI FY 2013 Earnings Report — Selective Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

Selective Insurance Group, Inc.SIGI

FY 2013 Earnings

Reported February 28, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.7B	—	9.8%
Op. Income	$144M	—	$38M	—	282.1%
Gross Margin	10.6%	—	5.0%	—	5.6pp
Net Margin	5.6%	—	2.2%	—	3.4pp
EPS (Diluted)	$1.89	—	$0.68	—	177.9%
Free Cash Flow	$322M	—	$214M	—	50.6%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.7B
GROSS PROFIT	$202M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$58M
Operating Expenses	$58M
Cost & Expenses	$1.8B
OPERATING INCOME	$144M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$144M
Income Tax Expense	$36M
Net Income from Continuing Ops	$107M
Net Income from Discontinued Ops	-$997.0K
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$43M
EBIT	$170M
EBITDA	$214M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.7B
GROSS PROFIT	$202M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$58M
Operating Expenses	$58M
Cost & Expenses	$1.8B
OPERATING INCOME	$144M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$144M
Income Tax Expense	$36M
Net Income from Continuing Ops	$107M
Net Income from Discontinued Ops	-$997.0K
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$43M
EBIT	$170M
EBITDA	$214M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$106M
Depreciation & Amortization	$43M
Stock-Based Compensation	$20M
Deferred Income Tax	$0
Other Non-Cash Items	$58M
Change in Working Capital	$108M
OPERATING CASH FLOW	$336M
Capital Expenditure	-$14M
Acquisitions (Net)	$1M
Purchases of Investments	-$3.3B
Sales/Maturities of Investments	$2.9B
Other Investing Activities	$12M
NET CASH FROM INVESTING	-$391M
Net Debt Issuance	$77M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$27M
Other Financing Activities	$2M
NET CASH FROM FINANCING	$55M
FREE CASH FLOW	$322M
Net Change in Cash	-$17.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$193.0K
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$193.0K
PP&E (Net)	$51M
Goodwill	$8M
Intangible Assets	$0
Long-Term Investments	$4.5B
Tax Assets	$15M
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$6.3B
TOTAL ASSETS	$6.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$111M
Long-Term Debt	$392M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4.7B
TOTAL NON-CURRENT LIABILITIES	$5.1B
TOTAL LIABILITIES	$5.1B
Common Stock	$198M
Additional Paid-In Capital	$288M
Retained Earnings	$1.2B
Treasury Stock	-$559M
Accum. Other Comp. Income	$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$6.3B
Total Debt	$392M
Net Debt	$392M