SIGI FY 2020 Earnings Report — Selective Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

Selective Insurance Group, Inc.SIGI

FY 2020 Earnings

Reported February 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$2.9B	—	$2.8B	—	2.7%
Op. Income	$303M	—	$336M	—	-9.9%
Gross Margin	12.3%	—	14.1%	—	-1.8pp
Net Margin	8.4%	—	9.5%	—	-1.1pp
EPS (Diluted)	$4.09	—	$4.53	—	-9.7%
Free Cash Flow	$532M	—	$447M	—	19.1%

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$2.6B
GROSS PROFIT	$359M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$25M
SG&A Expenses	$25M
Other Expenses	$31M
Operating Expenses	$56M
Cost & Expenses	$2.6B
OPERATING INCOME	$303M
Interest Income	$0
Interest Expense	$31M
Other Income/Expenses	$0
INCOME BEFORE TAX	$303M
Income Tax Expense	$57M
Net Income from Continuing Ops	$246M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$246M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$246M
D&A	$59M
EBIT	$334M
EBITDA	$393M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$2.6B
GROSS PROFIT	$359M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$25M
SG&A Expenses	$25M
Other Expenses	$31M
Operating Expenses	$56M
Cost & Expenses	$2.6B
OPERATING INCOME	$303M
Interest Income	$0
Interest Expense	$31M
Other Income/Expenses	$0
INCOME BEFORE TAX	$303M
Income Tax Expense	$57M
Net Income from Continuing Ops	$246M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$246M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$246M
D&A	$59M
EBIT	$334M
EBITDA	$393M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$246M
Depreciation & Amortization	$59M
Stock-Based Compensation	$16M
Deferred Income Tax	$0
Other Non-Cash Items	-$5M
Change in Working Capital	$237M
OPERATING CASH FLOW	$554M
Capital Expenditure	-$22M
Acquisitions (Net)	$0
Purchases of Investments	-$7.8B
Sales/Maturities of Investments	$7.2B
Other Investing Activities	-$21M
NET CASH FROM INVESTING	-$688M
Net Debt Issuance	-$550.0K
Common Stock Repurchased	-$7M
Common Dividends Paid	-$54M
Other Financing Activities	$0
NET CASH FROM FINANCING	$141M
FREE CASH FLOW	$532M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$394.0K
Short-Term Investments	$6.9B
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	-$8.5B
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$78M
Goodwill	$8M
Intangible Assets	$0
Long-Term Investments	$7.2B
Tax Assets	$0
Other Non-Current Assets	-$7.3B
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$9.7B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$129M
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$550M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$27M
Other Non-Current Liabilities	-$578M
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$6.9B
Common Stock	$208M
Additional Paid-In Capital	$439M
Retained Earnings	$2.3B
Treasury Stock	-$600M
Accum. Other Comp. Income	$220M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$0
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$9.7B
Total Debt	$551M
Net Debt	$550M