B
Selective Auto Ins Co of NJ
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Auto Physical Damage
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
2,096
912
3,008
30.32%
23.31%
2023
2,199
887
3,086
28.74%
22.83%
2022
1,925
835
2,760
30.25%
23.10%
2021
1,819
774
2,593
29.85%
22.81%
2020
1,578
579
2,157
26.84%
21.51%
2019
1,823
639
2,462
25.95%
22.66%
Commercial Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
544
307
851
36.08%
47.44%
2023
543
272
815
33.37%
47.29%
2022
515
265
780
33.97%
45.44%
2021
505
235
740
31.76%
44.40%
2020
457
168
625
26.88%
42.45%
2019
568
208
776
26.80%
44.33%
Commercial Multiple Peril
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
149
106
255
41.57%
41.75%
2023
138
98
236
41.53%
38.64%
2022
125
87
212
41.04%
39.39%
2021
132
91
223
40.81%
40.41%
2020
138
196
334
58.68%
48.09%
2019
116
89
205
43.41%
43.30%
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
317
83
400
20.75%
39.58%
2023
317
89
406
21.92%
36.96%
2022
255
80
335
23.88%
37.07%
2021
267
99
366
27.05%
39.17%
2020
390
129
519
24.86%
35.42%
2019
252
114
366
31.15%
35.34%
Other Liability: Claims Made
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
5
21
26
80.77%
81.35%
2023
4
17
21
80.95%
74.87%
2022
3
13
16
81.25%
72.69%
2021
4
14
18
77.78%
79.01%
2020
4
20
24
83.33%
80.13%
2019
3
11
14
78.57%
77.47%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
133
194
327
59.33%
12.20%
2023
144
207
351
58.97%
16.34%
2022
138
201
339
59.29%
11.13%
2021
130
173
303
57.10%
18.93%
2020
118
143
261
54.79%
20.93%
2019
132
174
306
56.86%
16.90%
Private Passenger Auto Liability
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
202
104
306
33.99%
45.22%
2023
204
98
302
32.45%
44.64%
2022
166
85
251
33.86%
46.15%
2021
172
77
249
30.92%
46.87%
2020
170
56
226
24.78%
43.90%
2019
246
69
315
21.90%
42.09%
Product Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
21
36
57
63.16%
64.47%
2023
20
33
53
62.26%
62.55%
2022
19
32
51
62.75%
56.52%
2021
21
31
52
59.62%
62.74%
2020
17
33
50
66.00%
61.51%
2019
19
38
57
66.67%
70.02%
Workers' Compensation
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
265
84
349
24.07%
35.33%
2023
255
87
342
25.44%
35.67%
2022
249
106
355
29.86%
37.14%
2021
252
92
344
26.74%
35.46%
2020
237
74
311
23.79%
33.86%
2019
306
102
408
25.00%
34.01%