SIGI (Selective Insurance Group) Scaled Net Operating Assets: -0.37 (As of Jun. 2026)

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SIGI Selective Insurance Group Inc SIGI
82 GF Score
Price $95.42
GF Value $100.41
Valuation Fairly Valued
! 6 Warning Signs
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What is Selective Insurance Group Scaled Net Operating Assets?

Selective Insurance Group SIGI +0.65% 82 Scaled Net Operating Assets is -0.37 as of Jun. 2026. GuruFocus rates SIGI with a GF Score™ of 82/100 and a GF Value™ of $100.41 (Fairly Valued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Selective Insurance Group's operating assets for the quarter that ended in Jun. 2026 was $5,327 Mil. Selective Insurance Group's operating liabilities for the quarter that ended in Jun. 2026 was $11,052 Mil. Selective Insurance Group's Total Assets for the quarter that ended in Mar. 2026 was $15,322 Mil. Therefore, Selective Insurance Group's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was -0.37.

SIGI
82GF Score
Selective Insurance Group Inc SIGI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Selective Insurance Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Selective Insurance Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(15155.364-10644.862)/13514.189
=0.33

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=15155.71 - 0.346
=15155.364

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11546.735 - 901.873 - 0
=10644.862

Selective Insurance Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(5326.6-11051.9)/15321.9
=-0.37

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=15615.9 - 10289.3
=5326.6

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11952.9 - 901 - 0
=11051.9

* 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.

What does a Scaled Net Operating Assets of -0.37 mean?
Selective Insurance Group (SIGI) has a Scaled Net Operating Assets of -0.37 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Selective Insurance Group and its competitors.
Is Selective Insurance Group's Scaled Net Operating Assets too high?
Selective Insurance Group's current Scaled Net Operating Assets is -0.37. Overall, Selective Insurance Group has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Selective Insurance Group's Scaled Net Operating Assets compare to RLI and MCY?
Selective Insurance Group's Scaled Net Operating Assets of -0.37 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Selective Insurance Group and its competitors. Selective Insurance Group's current Scaled Net Operating Assets is -0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Selective Insurance Group stock overvalued right now?
Based on GuruFocus' analysis, Selective Insurance Group (SIGI) is currently considered Fairly Valued. The stock's GF Value™ is $100.41, compared to a current price of $95.42 — trading 5% below its estimated fair value. The current Scaled Net Operating Assets is -0.37. Selective Insurance Group's overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Selective Insurance Group (SIGI), the current Scaled Net Operating Assets is -0.37 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Selective Insurance Group (SIGI) Overvalued in 2026?

Based on GuruFocus' analysis, Selective Insurance Group stock appears to be undervalued. The current stock price of $95.42 is trading 5% below its estimated GF Value™ of $100.41. GuruFocus considers Selective Insurance Group to be Fairly Valued.

Key valuation signals for SIGI:

  • Scaled Net Operating Assets: -0.37
  • GF Value™: $100.41 vs. price of $95.42 (5% below fair value)
  • GF Score™: 82/100 with 6 warning signs

No single metric tells the full story. See the SIGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Selective Insurance Group Business Description

Other Exchanges SIGIP.PFD:USASV2:Germany
Address 40 Wantage Avenue, Branchville, NJ, USA, 07890
Selective Insurance Group Inc is a regional property-casualty insurer based in New Jersey, with its operations focused in the New York metropolitan area. The Company has four operating segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. Majority of revenue is gained from Standard Commercial Lines segment, which comprises of property and casualty insurance products and services provided in the standard marketplace to commercial enterprises, which are typically businesses, non-profit organizations, and local government agencies.
82GF Score

Get the complete analysis for SIGI

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$95.42
Price
$100.41
GF Value