About Selective Insurance Group
Selective Insurance Group is a company based in Branchville (United States) founded in 1926 by Daniel Smith.. The company has 2,800 employees as of December 31, 2024. Selective Insurance Group has completed 1 acquisition, including PDA Inc. Selective Insurance Group offers products and services including Car Insurance, Homeowners Insurance, Business Owners Policy, and Flood Insurance. Selective Insurance Group operates in a competitive market with competitors including National General Insurance, AmTrust Financial, The Hanover Insurance Group, The Hartford and Ambac Financial Group, among others.
- Headquarter Branchville, United States
- Employees 2800 as on 31 Dec, 2024
- Founders Daniel Smith
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Selective Insurance Group, Inc.
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Annual Revenue
$4.87 B15.35as on Dec 31, 2024
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Net Profit
$207.01 M-43.32as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$185 M (USD), Debt – Conventional
Feb 05, 2013
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Investors
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Employee Count
2800
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Selective Insurance Group
Selective Insurance Group is a publicly listed company on the NASDAQ with ticker symbol SIGI in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Selective Insurance Group
Selective Insurance Group offers a comprehensive portfolio of products and services, including Car Insurance, Homeowners Insurance, Business Owners Policy, and Flood Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Covers vehicles against accidents and damages for individuals.
Protects homes from fire, theft, and weather-related damages.
Provides liability and property coverage for small businesses.
Offers protection against flood damage for homes and businesses.
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Software Development Team
171 people
Leadership Team
78 people
Operations Team
34 people
Senior Team
30 people
Sales and Marketing
21 people
Human Resources and Administration
16 people
Legal and Compliance
16 people
Property Team
12 people
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Funding Insights of Selective Insurance Group
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $185.0M
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First Round
First Round
(10 Nov 2004)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2013 | Amount | Debt – Conventional - Selective Insurance Group | Valuation |
investors |
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| Oct, 2005 | Amount | Debt – Conventional - Selective Insurance Group | Valuation |
investors |
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| Nov, 2004 | Amount | Debt – Conventional - Selective Insurance Group | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Selective Insurance Group
Selective Insurance Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PDA Inc. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Limited information is available about PDA's core activities.
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1995 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Selective Insurance Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Selective Insurance Group Comparisons
Competitors of Selective Insurance Group
Selective Insurance Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as National General Insurance, AmTrust Financial, The Hanover Insurance Group, The Hartford and Ambac Financial Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Property and casualty insurance is provided by National General Insurance.
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| domain | founded_year | HQ Location |
Property and casualty insurance company
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| domain | founded_year | HQ Location |
Insurance brokerage services are provided to various clients.
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| domain | founded_year | HQ Location |
Insurance, benefits, and mutual funds are provided in financial services.
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| domain | founded_year | HQ Location |
Diversified investment management services are provided to institutional clients.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Selective Insurance Group
Frequently Asked Questions about Selective Insurance Group
When was Selective Insurance Group founded?
Selective Insurance Group was founded in 1926 and raised its 1st funding round 78 years after it was founded.
Where is Selective Insurance Group located?
Selective Insurance Group is headquartered in Branchville, United States. It is registered at Branchville, New Jersey, United States.
Who is the current CEO of Selective Insurance Group?
Gregory Murphy is the current CEO of Selective Insurance Group.
How many employees does Selective Insurance Group have?
As of Dec 31, 2024, the latest employee count at Selective Insurance Group is 2,800.
What is the annual revenue of Selective Insurance Group?
Annual revenue of Selective Insurance Group is $4.87B as on Dec 31, 2024.
What does Selective Insurance Group do?
Selective Insurance Group was established in 1926 in Branchville, United States, as a provider in the property and casualty insurance sector. Coverage is offered for commercial and personal risks, including liability, workers compensation, and auto insurance. Operations span multiple states, with services tailored to businesses and individuals through a network of agents and digital platforms. Focus remains on risk management and claims handling within the U.S. market.
Who are the top competitors of Selective Insurance Group?
Selective Insurance Group's top competitors include National General Insurance, AmTrust Financial and First American.
What products or services does Selective Insurance Group offer?
Selective Insurance Group offers Car Insurance, Homeowners Insurance, Business Owners Policy, and Flood Insurance.
Is Selective Insurance Group publicly traded?
Yes, Selective Insurance Group is publicly traded on NASDAQ under the ticker symbol SIGI.
How many acquisitions has Selective Insurance Group made?
Selective Insurance Group has made 1 acquisition, including PDA Inc.
What is Selective Insurance Group's ticker symbol?
The ticker symbol of Selective Insurance Group is SIGI on NASDAQ.
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