Selective Insurance Group (Selective Insurance Group) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Selective Insurance Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Selective Insurance Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Selective Insurance Group's long-term debt to total assets ratio declined from Dec. 2022 (0.05) to Dec. 2023 (0.04). It may suggest that Selective Insurance Group is progressively becoming less dependent on debt to grow their business.

Selective Insurance Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Selective Insurance Group's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Selective Insurance Group LT-Debt-to-Total-Asset Chart

Selective Insurance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.05

0.04

Selective Insurance Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.05	0.04	0.04

Selective Insurance Group LT-Debt-to-Total-Asset Calculation

Selective Insurance Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	503.946	/	11802.546
	=	0.04

Selective Insurance Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	503.946	/	11802.546
	=	0.04

Selective Insurance Group (NAS:SIGI) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Selective Insurance Group LT-Debt-to-Total-Asset Related Terms

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Selective Insurance Group (Selective Insurance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Selective Insurance Group Inc (NAS:SIGI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SIGIP.PFD:USA SV2:Germany

Address

40 Wantage Avenue, Branchville, NJ, USA, 07890

Website

https://www.selective.com

Selective Insurance Group Inc is a regional property-casualty insurer based in New Jersey, with its operations focused in the New York metropolitan area. Since 1977, Selective has focused its sales efforts on small businesses, offering commercial products that include workers' compensation, general liability, property, and auto insurance. Selective also has a small personal insurance segment (under 20% of total premiums), selling auto and homeowner's coverage.

Executives

John J. Marchioni	officer: EVP, Chief Field Ops Officer	40 WANTAGE AVENUE, BRANCHVILLE X1 07890
Jeffrey F. Kamrowski	officer: EVP, MUSIC	40 WANTAGE AVENUE, BRANCHVILLE NJ 07890
Joseph Eppers	officer: EVP, Chief Investment Officer	40 WANTAGE AVENUE, BRANCHVILLE NJ 07890
Anthony D. Harnett	officer: SVP, Chief Accounting Officer	40 WANTAGE AVENUE, BRANCHVILLE NJ 07890
Cynthia S Nicholson	director	40 WANTAGE AVENUE, BRANCHVILLE NJ 07890
Wole C Coaxum	director	40 WANTAGE AVENUE, BRANCHVILLE NJ 07890
Brenda M Hall	officer: EVP, CL Chief Op Officer	40 WANTAGE AVE., BRANCHVILLE NJ 07890
Vincent M Senia	officer: EVP, Chief Actuary	40 WANTAGE AVE., BRANCHVILLE NJ 07461
John Burville	director	ACE LTD, ACE BLDG 30 WOODBOURNE AVE HAMILTON BER
Michael J. Morrissey	director	40 WANTAGE AVENUE, BRANCHVILLE X1 07890
J Brian Thebault	director	40 WANTAGE AVE, BRANCHVILLE NJ 07890
Gregory E Murphy	director, officer: Chairman, Chief Executive Offi	40 WANTAGE AVE, BRANCHVILLE NJ 07890
Michael H Lanza	officer: Sr. VP and General Counsel	40 WANTAGE AVENUE, BRANCHVILLE NJ 07890
Paul Kush	officer: EVP, Chief Claims Officer	40 WANTAGE AVE., BRANCHVILLE NJ 07890
William M Rue	director	40 WANTAGE AVE, BRANCHVILLE NJ 07890