Cincinnati Financial vs Selective Insurance Group
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The short version
- Cincinnati Financial is the larger business, with $12.6B of revenue in fiscal 2025 against $5.3B for Selective Insurance Group, about 2.4 times as much.
- Cincinnati Financial grew revenue faster (11.4%, against 9.8%).
- Cincinnati Financial turned more of its sales into free cash flow (24.5% FCF margin, against 22.4%).
- Cincinnati Financial earned a higher return on the capital invested in it (17.1%, against 14.6%).
- Investors pay more for each dollar of Selective Insurance Group’s earnings: a P/E of 11.6x against 8.3x for Cincinnati Financial.
| Latest fiscal year | CINF · FY25 | SIGI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $27.4B | $5.8B |
| Revenue | $12.6B | $5.3B |
| Free cash flow | $3.1B | $1.2B |
| Net income | $2.4B | $466M |
| Growth | ||
| Revenue growth | 11.4% | 9.8% |
| 5-year growth | 10.9% | 12.8% |
| Share count change | −0.1% | −0.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 19.0% | 8.7% |
| FCF margin | 24.5% | 22.4% |
| Return on capital | 17.1% | 14.6% |
| Return on equity | 16.0% | 13.9% |
| Balance sheet | ||
| Net debt | −$789M | $235M |
| Net debt / EBITDA | −0.3x | 0.4x |
| Dividends and buybacks | $730M | $186M |
| Valuation & quality | ||
| P/E | 8.3x | 11.6x |
| Piotroski F-score | — | — |
Revenue
FY16
CINF $5.4B
SIGI $2.3B
FY17
CINF $5.7B
SIGI $2.5B
FY18
CINF $5.4B
SIGI $2.6B
FY19
CINF $7.9B
SIGI $2.8B
FY20
CINF $7.5B
SIGI $2.9B
FY21
CINF $9.6B
SIGI $3.4B
FY22
CINF $6.6B
SIGI $3.6B
FY23
CINF $10.0B
SIGI $4.2B
FY24
CINF $11.3B
SIGI $4.9B
FY25
CINF $12.6B
SIGI $5.3B
CINF
SIGI
Operating margin
FY16
CINF —
SIGI —
FY17
CINF —
SIGI —
FY18
CINF —
SIGI —
FY19
CINF —
SIGI —
FY20
CINF —
SIGI —
FY21
CINF —
SIGI —
FY22
CINF —
SIGI —
FY23
CINF —
SIGI —
FY24
CINF —
SIGI —
FY25
CINF —
SIGI —
CINF
SIGI
Free cash flow
FY16
CINF $1.1B
SIGI —
FY17
CINF $1.0B
SIGI —
FY18
CINF $1.2B
SIGI $439M
FY19
CINF $1.2B
SIGI $447M
FY20
CINF $1.5B
SIGI $532M
FY21
CINF $2.0B
SIGI $749M
FY22
CINF $2.0B
SIGI $776M
FY23
CINF $2.0B
SIGI $736M
FY24
CINF $2.6B
SIGI $1.1B
FY25
CINF $3.1B
SIGI $1.2B
CINF
SIGI
Return on capital
FY16
CINF 9.2%
SIGI 10.6%
FY17
CINF 10.1%
SIGI 10.1%
FY18
CINF 3.8%
SIGI 10.4%
FY19
CINF 23.0%
SIGI 13.8%
FY20
CINF 12.3%
SIGI 10.2%
FY21
CINF 26.1%
SIGI 14.6%
FY22
CINF −4.5%
SIGI 8.9%
FY23
CINF 17.1%
SIGI 13.6%
FY24
CINF 18.4%
SIGI 7.4%
FY25
CINF 17.1%
SIGI 14.6%
CINF
SIGI
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.