SIGI FY 2017 Earnings Report — Selective Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

Selective Insurance Group, Inc.SIGI

FY 2017 Earnings

Reported February 20, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.3B	—	8.1%
Op. Income	$262M	—	$220M	—	19.1%
Gross Margin	13.1%	—	12.2%	—	0.9pp
Net Margin	6.8%	—	6.9%	—	-0.1pp
EPS (Diluted)	$2.84	—	$2.70	—	5.2%
Free Cash Flow	$365M	—	$311M	—	17.4%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.1B
GROSS PROFIT	$323M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$24M
Operating Expenses	$61M
Cost & Expenses	$2.2B
OPERATING INCOME	$262M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$262M
Income Tax Expense	$93M
Net Income from Continuing Ops	$169M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$169M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$169M
D&A	$52M
EBIT	$286M
EBITDA	$338M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.1B
GROSS PROFIT	$323M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$24M
Operating Expenses	$61M
Cost & Expenses	$2.2B
OPERATING INCOME	$262M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$262M
Income Tax Expense	$93M
Net Income from Continuing Ops	$169M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$169M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$169M
D&A	$52M
EBIT	$286M
EBITDA	$338M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$169M
Depreciation & Amortization	$52M
Stock-Based Compensation	$31M
Deferred Income Tax	$0
Other Non-Cash Items	$81M
Change in Working Capital	$46M
OPERATING CASH FLOW	$380M
Capital Expenditure	-$14M
Acquisitions (Net)	$0
Purchases of Investments	-$6.5B
Sales/Maturities of Investments	$6.2B
Other Investing Activities	$22M
NET CASH FROM INVESTING	-$333M
Net Debt Issuance	-$4M
Common Stock Repurchased	-$6M
Common Dividends Paid	-$37M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$40M
FREE CASH FLOW	$365M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$534.0K
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$534.0K
PP&E (Net)	$64M
Goodwill	$8M
Intangible Assets	$235M
Long-Term Investments	$132M
Tax Assets	$117M
Other Non-Current Assets	$7.1B
TOTAL NON-CURRENT ASSETS	$7.7B
TOTAL ASSETS	$7.7B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$132M
Long-Term Debt	$439M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5.5B
TOTAL NON-CURRENT LIABILITIES	$6.0B
TOTAL LIABILITIES	$6.0B
Common Stock	$205M
Additional Paid-In Capital	$368M
Retained Earnings	$1.7B
Treasury Stock	-$578M
Accum. Other Comp. Income	$20M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$7.7B
Total Debt	$439M
Net Debt	$439M