• Selective Insurance average current ratio for 2023 was 0.26, a 4% increase from 2022.
• Selective Insurance average current ratio for 2022 was 0.25, a 0% increase from 2021.
• Selective Insurance average current ratio for 2021 was 0.25, a 4.17% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.