EX-99.2 3 q42024pressreleasesuppleme.htm EX-99.2 Document

Exhibit 99.2















selectiveinsurancergb.jpg


FINANCIAL SUPPLEMENT
FOURTH QUARTER AND FULL YEAR 2024



Forward-Looking Statements

Certain statements in this report, including information incorporated by reference, are “forward-looking statements” defined in the Private Securities Litigation Reform Act of 1995 ("PSLRA"). The PSLRA provides a forward-looking statement safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements discuss our intentions, beliefs, projections, estimations, or forecasts of future events and financial performance. They involve known and unknown risks, uncertainties, and other factors that may cause our or our industry’s actual results, activity levels, or performance to materially differ from those in or implied by the forward-looking statements. In some cases, forward-looking statements include the words “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “attribute,” “confident,” “strong,” “target,” “project,” “intend,” “believe,” “estimate,” “predict,” “potential,” “pro forma,” “seek,” “likely,” “continue,” or comparable terms. Our forward-looking statements are only predictions; we cannot guarantee or assure that such expectations will prove correct. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, except as may be required by law.

Factors that could cause our actual results to differ materially from what we project, forecast, or estimate in forward-looking statements include, without limitation:
Challenging conditions in the economy, global capital markets, the banking sector, and commercial real estate, including prolonged higher inflation, could increase loss costs and negatively impact investment portfolios;
Deterioration in the public debt, public equity, or private investment markets that could lead to investment losses and interest rate fluctuations;
Ratings downgrades on individual securities we own could affect investment values and, therefore, statutory surplus;
The development and adequacy of our loss reserves and loss expense reserves;
Frequency and severity of catastrophic events, including natural events that may be impacted by climate change, such as hurricanes, severe convective storms, tornadoes, windstorms, earthquakes, hail, severe winter weather, floods, and fires, and man-made events such as criminal and terrorist acts, including cyber-attacks, explosions, and civil unrest;
Adverse market, governmental, regulatory, legal, political, or judicial rulings, conditions or actions, including the impact of social inflation;
The significant geographic concentration of our business in the eastern portion of the United States;
The cost, terms and conditions, and availability of reinsurance;
Our ability to collect on reinsurance and the solvency of our reinsurers;
The impact of changes in U.S. trade policies and imposition of tariffs on imports that may lead to higher than anticipated inflationary trends for our loss and loss expenses;
Related to COVID-19, we have successfully defended against payment of COVID-19-related business interruption losses based on our policies' terms, conditions, and exclusions. However, should the highest courts determine otherwise, our loss and loss expenses may increase, our related reserves may not be adequate, and our financial condition and liquidity may be materially impacted.
Ongoing wars and conflicts impacting global economic, banking, commodity, and financial markets, exacerbating ongoing economic challenges, including inflation and supply chain disruption, which influences insurance loss costs, premiums, and investment valuations;
Uncertainties related to insurance premium rate increases and business retention;
Changes in insurance regulations that impact our ability to write and/or cease writing insurance policies in one or more states;
The effects of data privacy or cyber security laws and regulations on our operations;
Major defect or failure in our internal controls or information technology and application systems that result in harm to our brand in the marketplace, increased senior executive focus on crisis and reputational management issues, and/or increased expenses, particularly if we experience a significant privacy breach;
Potential tax or federal financial regulatory reform provisions that could pose certain risks to our operations;
Our ability to maintain favorable financial ratings, which may include sustainability considerations, from rating agencies, including AM Best, Standard & Poor’s, Moody’s, and Fitch;
Our entry into new markets and businesses; and
Other risks and uncertainties we identify in filings with the United States Securities and Exchange Commission, including our Annual Report on Form 10-K and other periodic reports.



Selective Insurance Group, Inc. & Consolidated Subsidiaries

TABLE OF CONTENTS

Page
Consolidated Financial Highlights
Consolidated Statements of Operations
Consolidated Balance Sheets
Financial Metrics
Consolidated Insurance Operations Statement of Operations
Standard Commercial Lines Statement of Operations and Supplemental Data
Standard Commercial Lines GAAP Line of Business Results
Standard Personal Lines Statement of Operations and Supplemental Data
Standard Personal Lines GAAP Line of Business Results
Excess and Surplus Lines Statement of Operations and Supplemental Data
Excess and Surplus Lines GAAP Line of Business Results
Consolidated Investment Income
Consolidated Composition of Invested Assets
Credit Quality of Invested Assets
Reconciliation of Net Income (Loss) Available to Common Stockholders to Non-GAAP Operating Income (Loss) and Certain Other Non-GAAP Measures
Ratings and Contact Information





Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED FINANCIAL HIGHLIGHTS
(Unaudited)

Quarter endedYear-to-date
Dec. 31,Sept. 30,June 30,Mar. 31,Dec. 31,Dec. 31,Dec. 31,
($ and shares in millions, except per share data)2024202420242024202320242023
For Period Ended
Gross premiums written$1,275.9 1,343.1 1,406.2 1,321.9 1,149.7 5,347.0 4,749.5 
Net premiums written1,089.6 1,157.6 1,226.1 1,156.6 991.5 4,630.0 4,134.5 
Change in net premiums written, from comparable prior year period10 %13 16 17 12 16 
Underwriting income (loss), before-tax$16.8 5.3 (173.7)19.0 63.6 (132.6)132.8 
Net investment income earned, before-tax122.8 117.8 108.6 107.8 98.6 457.1 388.7 
Net realized and unrealized investment gains (losses), before-tax(8.0)5.4 1.3 (1.6)5.4 (2.9)(3.6)
Net income (loss)
$95.5 92.3 (63.3)82.5 124.8 207.0 365.2 
Net income (loss) available to common stockholders(1)
93.2 90.0 (65.6)80.2 122.5 197.8 356.0 
Non-GAAP operating income (loss)(2)
99.6 85.7 (66.6)81.5 118.3 200.1 358.8 
At Period End
Total assets13,514.2 13,473.1 12,565.5 12,056.1 11,802.5 13,514.2 11,802.5 
Total invested assets9,651.3 9,635.3 9,021.8 8,745.7 8,693.7 9,651.3 8,693.7 
Stockholders' equity3,120.1 3,167.8 2,922.7 3,006.5 2,954.4 3,120.1 2,954.4 
Common stockholders' equity(3)
2,920.1 2,967.8 2,722.7 2,806.5 2,754.4 2,920.1 2,754.4 
Common shares outstanding60.8 60.8 60.9 60.8 60.6 60.8 60.6 
Per Share and Share Data
Net income (loss) available to common stockholders per common share (diluted)
$1.52 1.47 (1.08)1.31 2.01 3.23 5.84 
Non-GAAP operating income (loss) per common share (diluted)(2)
1.62 1.40 (1.10)1.33 1.94 3.27 5.89 
Weighted average common shares outstanding (diluted)61.3 61.3 60.9 61.2 61.0 61.3 61.0 
Book value per common share$47.99 48.82 44.74 46.17 45.42 47.99 45.42 
Adjusted book value per common share(2)
52.10 50.80 49.67 50.97 50.03 52.10 50.03 
Dividends paid per common share0.38 0.35 0.35 0.35 0.35 1.43 1.25 
Financial Ratios
Loss and loss expense ratio67.8 %68.8 85.7 67.0 62.4 72.3 64.9 
Underwriting expense ratio30.6 30.6 30.3 30.9 31.1 30.6 31.4 
Dividends to policyholders ratio0.1 0.1 0.1 0.3 0.2 0.1 0.2 
GAAP combined ratio98.5 %99.5 116.1 98.2 93.7 103.0 96.5 
Return on common stockholders' equity ("ROE")12.7 12.6 (9.5)11.5 18.9 7.0 14.3 
Non-GAAP operating ROE(2)
13.5 12.1 (9.6)11.7 18.2 7.1 14.4 
Debt to total capitalization14.0 13.8 14.8 14.3 14.6 14.0 14.6 
Net premiums written to policyholders' surplus1.60 1.63 1.64 1.55 1.51 1.60 1.51 
Invested assets per dollar of common stockholders' equity$3.31 3.25 3.31 3.12 3.16 3.31 3.16 
(1)
Net income (loss) available to common stockholders is net income (loss) reduced by preferred stock dividends.
(2)
Non-GAAP measure. Refer to Page 15 for definition.
(3)
Excludes equity related to preferred stock.
Page 1


Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

Quarter endedYear-to-date
Dec. 31,Sept. 30,June 30,Mar. 31,Dec. 31,Dec. 31,Dec. 31,
($ and shares in millions, except per share data)2024202420242024202320242023
Revenues
Net premiums earned$1,133.0 1,112.2 1,080.2 1,050.9 1,001.2 $4,376.4 3,827.6 
Net investment income earned122.8 117.8 108.6 107.8 98.6 457.1 388.7 
Net realized and unrealized gains (losses)(8.0)5.4 1.3 (1.6)5.4 (2.9)(3.6)
Other income8.5 8.9 5.8 7.8 5.5 31.1 19.4 
Total revenues1,256.4 1,244.3 1,196.0 1,165.0 1,110.7 4,861.7 4,232.1 
Expenses
Loss and loss expense incurred769.0765.7 925.5 704.3 624.8 3,164.5 2,484.3 
Amortization of deferred policy acquisition costs241.0235.6 226.4 219.4 210.5 922.4796.2 
Other insurance expenses114.8114.7 107.8 116.0 107.8 453.2433.7 
Interest expense7.27.3 7.2 7.2 7.2 28.928.8 
Corporate expenses5.34.7 9.2 15.5 3.4 34.630.7 
Total expenses1,137.3 1,127.8 1,276.1 1,062.4 953.7 4,603.6 3,773.7 
Income (loss) before federal income tax
$119.1 116.5 (80.1)102.6 157.0 258.0458.4 
Federal income tax expense (benefit)
23.5 24.2 (16.8)20.0 32.1 51.0 93.2 
Net Income (loss)
$95.5 92.3 (63.3)82.5 124.8 207.0365.2 
Preferred stock dividends2.32.3 2.3 2.3 2.3 9.29.2 
Net income (loss) available to common stockholders
$93.2 90.0 (65.6)80.2 122.5 197.8356.0
Net realized and unrealized investment (gains) losses, after tax(1)
6.3 (4.3)(1.0)1.3 (4.3)2.3 2.8 
Non-GAAP operating income (loss)(2)
$99.6 85.7 (66.6)81.5 118.2 $200.1 358.7 
Weighted average common shares outstanding (diluted)61.361.3 60.9 61.2 61.0 61.361.0 
Net income (loss) available to common stockholders per common share (diluted)
$1.52 1.47 (1.08)1.31 2.01 $3.23 5.84 
Non-GAAP operating income (loss) per common share (diluted)(2)
$1.62 1.40 (1.10)1.33 1.94 $3.27 5.89 
(1)
Amounts are provided to reconcile net income (loss) available to common stockholders to non-GAAP operating income (loss).
(2)
Non-GAAP measure. Refer to Page 15 for definition.
Note: Amounts may not foot due to rounding.
Page 2


Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED BALANCE SHEETS
(Unaudited)

Dec. 31,Sept. 30,June 30,Mar. 31,Dec. 31,
($ in millions, except per share data)20242024202420242023
ASSETS
Investments
Fixed income securities, held-to-maturity, net of allowance for credit losses$25.4 22.0 19.5 20.3 22.7 
Fixed income securities, available-for-sale, at fair value, net of allowance for credit losses8,127.3 8,088.6 7,669.0 7,583.5 7,499.2 
Commercial mortgage loans, net of allowance for credit losses233.7 223.6 219.5 208.0 188.4 
Equity securities, at fair value213.6 205.6 192.0 194.3 187.2 
Short-term investments509.3 561.0 417.3 247.9 309.3 
Alternative investments440.9 432.0 414.8 402.7 395.8 
Other investments101.1 102.5 89.7 89.0 91.2 
Total investments

9,651.3 9,635.3 9,021.8 8,745.7 8,693.7 
Cash0.1 0.1 0.2 0.1 0.2 
Restricted cash62.9 12.6 10.7 11.7 13.1 
Accrued investment income76.9 73.8 72.3 68.0 66.3 
Premiums receivable, net of allowance for credit losses1,467.8 1,531.9 1,579.7 1,439.1 1,313.1 
Reinsurance recoverable, net of allowance for credit losses1,061.1 1,057.3 685.6 651.4 656.8 
Prepaid reinsurance premiums235.4 230.7 219.8 208.0 203.3 
Current federal income tax— 13.0 38.6 — — 
Deferred federal income tax146.8 100.7 145.9 144.7 140.2 
Property and equipment, net of accumulated depreciation and amortization93.3 92.2 89.2 82.7 83.3 
Deferred policy acquisition costs479.3 488.5 476.5 448.3 424.9 
Goodwill7.8 7.8 7.8 7.8 7.8 
Other assets231.4 229.1 217.4 248.5 199.8 
Total assets$13,514.2 13,473.1 12,565.5 12,056.1 11,802.5 
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Reserve for loss and loss expense$6,589.8 6,452.0 5,903.5 5,501.8 5,336.9 
Unearned premiums2,616.3 2,655.0 2,598.7 2,441.0 2,330.7 
Long-term debt507.9 508.2 508.8 503.3 503.9 
Current federal income tax19.7 — — 26.5 6.3 
Accrued salaries and benefits121.7 113.5 92.6 97.9 122.0 
Other liabilities538.7 576.6 539.2 479.1 548.4 
Total liabilities
$10,394.1 10,305.3 9,642.8 9,049.6 8,848.2 
Stockholders' Equity
Preferred stock of $0 par value per share$200.0 200.0 200.0 200.0 200.0 
Common stock of $2 par value per share211.2 211.1 211.0 210.9 210.4 
Additional paid-in capital557.0 549.8 545.3 534.3 522.7 
Retained earnings3,139.5 3,069.6 3,001.1 3,088.2 3,029.4 
Accumulated other comprehensive income (loss)
(336.8)(211.9)(392.7)(385.0)(373.0)
Treasury stock, at cost(650.8)(650.7)(641.9)(641.9)(635.2)
Total stockholders' equity$3,120.1 3,167.8 2,922.7 3,006.5 2,954.4 
Commitments and contingencies
Total liabilities and stockholders' equity$13,514.2 13,473.1 12,565.5 12,056.1 11,802.5 
Note: Amounts may not foot due to rounding.
Page 3


Selective Insurance Group, Inc. & Consolidated Subsidiaries

FINANCIAL METRICS
(Unaudited)

Quarter endedYear-to-date
Dec. 31,Sept. 30,June 30,Mar. 31,Dec. 31,Dec. 31,Dec. 31,
($ and shares in millions, except per share data)2024202420242024202320242023
Book value per common share
Common stockholders' equity$2,920.1 2,967.8 2,722.7 2,806.5 2,754.4 2,920.1 2,754.4 
Common shares issued and outstanding, at period end60.8 60.8 60.9 60.8 60.6 60.8 60.6 
Book value per common share$47.99 48.82 44.74 46.17 45.42 47.99 45.42 
Adjusted book value per common share(2)
52.10 50.80 49.67 50.97 50.03 52.10 50.03 
Financial results (after-tax)
Underwriting income (loss)13.3 4.1 (137.2)15.0 50.2 (104.7)104.9 
Net investment income97.3 93.4 86.3 85.6 78.4 362.6 309.5 
Interest expense and preferred stock dividends(8.0)(8.0)(8.0)(8.0)(8.0)(32.0)(32.0)
Corporate expense(3.0)(3.8)(7.7)(11.2)(2.4)(25.7)(23.7)
Net realized and unrealized investment gains (losses)(6.3)4.3 1.0 (1.3)4.3 (2.3)(2.8)
Total after-tax net income (loss) available to common stockholders
93.2 90.0 (65.6)80.2 122.5 197.8 356.0 
Return on average equity
Insurance segments1.8 0.6 (19.9)2.2 7.7 (3.7)4.2 
Net investment income13.2 13.1 12.5 12.3 12.1 12.8 12.4 
Interest expense and preferred stock dividends(1.1)(1.1)(1.2)(1.1)(1.2)(1.1)(1.3)
Corporate expense(0.4)(0.5)(1.0)(1.7)(0.4)(0.9)(0.9)
Net realized and unrealized investment gains (losses)(0.8)0.5 0.1 (0.2)0.7 (0.1)(0.1)
ROE12.7 12.6 (9.5)11.5 18.9 7.0 14.3 
Net realized and unrealized (gains) losses(1)
0.8 (0.5)(0.1)0.2 (0.7)0.1 0.1 
Non-GAAP Operating ROE(2)
13.5 12.1 (9.6)11.7 18.2 7.1 14.4 
Debt and total capitalization
Notes payable:
3.03% Borrowings from Federal Home Loan Bank of Indianapolis60.0 60.0 60.0 60.0 60.0 60.0 60.0 
7.25% Senior Notes49.8 49.8 49.8 49.8 49.8 49.8 49.8 
6.70% Senior Notes99.4 99.4 99.4 99.4 99.3 99.4 99.3 
5.375% Senior Notes292.4 292.4 292.3 292.2 292.2 292.4 292.2 
Finance Lease Obligations6.3 6.7 7.3 1.9 2.6 6.3 2.6 
Total debt507.9 508.2 508.8 503.3 503.9 507.9 503.9 
Stockholders' equity3,120.1 3,167.8 2,922.7 3,006.5 2,954.4 3,120.1 2,954.4 
Total capitalization$3,628.0 3,676.0 3,431.5 3,509.8 3,458.3 3,628.0 3,458.3 
Ratio of debt to total capitalization14.0 13.8 14.8 14.3 14.6 14.0 14.6 
Policyholders' surplus$2,902.8 2,787.5 2,698.8 2,777.3 2,742.3 2,902.8 2,742.3 
(1)
Amounts are provided to reconcile ROE to non-GAAP operating ROE.
(2)
Non-GAAP measure. Refer to Page 15 for definition.
Note: Amounts may not foot due to rounding.
Page 4


Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED INSURANCE OPERATIONS
STATEMENT OF OPERATIONS
(Unaudited)

Quarter endedYear-to-date
Dec. 31,Sept. 30,June 30,Mar. 31,Dec. 31,Dec. 31,Dec. 31,
($ in millions)2024202420242024202320242023
Underwriting results
Net premiums written$1,089.6 1,157.6 1,226.1 1,156.6 991.5 4,630.0 4,134.5 
Change in net premiums written, from comparable prior year period10 %13 16 17 12 16 
Net premiums earned$1,133.0 1,112.2 1,080.2 1,050.9 1,001.2 4,376.4 3,827.6 
Losses and loss expenses incurred769.0 765.7 925.5 704.3 624.8 3,164.5 2,484.3 
Net underwriting expenses incurred346.4 340.0 327.3 324.4 311.1 1,338.0 1,203.8 
Dividends to policyholders0.8 1.4 1.1 3.3 1.8 6.5 6.8 
GAAP underwriting income (loss)$16.8 5.3 (173.7)19.0 63.6 (132.6)132.8 
Net catastrophe losses$(10.1)148.8 90.5 55.2 24.6 284.5 244.5 
(Favorable) unfavorable prior year casualty reserve development100.0 — 176.0 35.0 10.0 311.0 (6.5)
Underwriting ratios
Loss and loss expense ratio67.8 %68.8 85.7 67.0 62.4 72.3 64.9 
Underwriting expense ratio30.6 30.6 30.3 30.9 31.1 30.6 31.4 
Dividends to policyholders ratio0.1 0.1 0.1 0.3 0.2 0.1 0.2 
Combined ratio98.5 %99.5 116.1 98.2 93.7 103.0 96.5 
Net catastrophe losses(0.9)pts13.4 8.4 5.3 2.5 6.5 6.4 
(Favorable) unfavorable prior year casualty reserve development8.8 — 16.3 3.3 1.0 7.1 (0.2)
Combined ratio before net catastrophe losses99.4 %86.1 107.7 92.9 91.2 96.5 90.1 
Combined ratio before net catastrophe losses and prior year casualty development90.6 %86.1 91.4 89.6 90.2 89.4 90.3 
Other Statistics
Non-catastrophe property loss and loss expenses$178.2 146.7 185.5 171.2 172.1 681.6 650.4 
Non-catastrophe property loss and loss expenses15.7 pts13.2 17.2 16.3 17.2 15.6 17.0 
Direct new business$232.0 234.2 267.4 260.8 232.7 994.3 923.5 
Renewal pure price increases10.7%10.5 9.1 8.1 7.4 9.5 6.8 
Note: Amounts may not foot due to rounding.

Page 5


Selective Insurance Group, Inc. & Consolidated Subsidiaries

STANDARD COMMERCIAL LINES
STATEMENT OF OPERATIONS AND SUPPLEMENTAL DATA
(Unaudited)

Quarter endedYear-to-date
Dec. 31,Sept. 30,June 30,Mar. 31,Dec. 31,Dec. 31,Dec. 31,
($ in millions)2024202420242024202320242023
Underwriting results
Net premiums written$833.4 903.9 963.1 931.7 764.3 3,632.1 3,281.3 
Change in net premiums written, from comparable prior year period%11 15 13 11 13 
Net premiums earned$884.6 875.4 853.5 834.1 792.1 3,447.6 3,071.8 
Losses and loss expenses incurred606.3 591.6 748.0 555.8 482.6 2,501.6 1,919.2 
Net underwriting expenses incurred279.3 275.1 265.4 264.6 252.9 1,084.4 988.5 
Dividends to policyholders0.8 1.4 1.1 3.3 1.8 6.5 6.8 
GAAP underwriting income (loss)$(1.8)7.3 (160.9)10.4 54.9 (145.0)157.3 
Net catastrophe losses$(8.2)100.4 50.9 38.5 16.1 181.5 150.5 
(Favorable) unfavorable prior year casualty reserve development75.0 — 176.0 35.0 5.0 286.0 (15.5)
Underwriting ratios
Loss and loss expense ratio68.5 %67.6 87.6 66.7 61.0 72.5 62.5 
Underwriting expense ratio31.6 31.4 31.1 31.7 31.9 31.5 32.2 
Dividends to policyholders ratio0.1 0.2 0.1 0.4 0.2 0.2 0.2 
Combined ratio100.2 %99.2 118.8 98.8 93.1 104.2 94.9 
Net catastrophe losses(0.9)pts11.5 6.0 4.6 2.0 5.3 4.9 
(Favorable) unfavorable prior year casualty reserve development8.5 — 20.6 4.2 0.6 8.3 (0.5)
Combined ratio before net catastrophe losses101.1 %87.7 112.8 94.2 91.1 98.9 90.0 
Combined ratio before net catastrophe losses and prior year casualty development92.6 %87.7 92.2 90.0 90.5 90.6 90.5 
Other Statistics
Non-catastrophe property loss and loss expenses$124.1 95.9 124.5 115.0 122.0 459.5 461.6 
Non-catastrophe property loss and loss expenses14.0 pts11.0 14.6 13.8 15.4 13.3 15.0 
Direct new business$139.5 139.2 168.4 172.1 145.2 619.1 597.5 
Renewal pure price increases8.8 %9.1 7.9 7.6 7.3 8.3 7.0 
Retention85 86 85 86 86 85 85 
Note: Amounts may not foot due to rounding.

Page 6


Selective Insurance Group, Inc. & Consolidated Subsidiaries

STANDARD COMMERCIAL LINES
GAAP LINE OF BUSINESS RESULTS
(Unaudited)

Quarter ended December 31, 2024Quarter ended December 31, 2023
GeneralCommercialCommercialWorkersGeneralCommercialCommercialWorkers
($ in millions)LiabilityAuto
Property(1)
CompensationBOPBondsOtherTotalLiabilityAuto
Property(1)
CompensationBOPBondsOtherTotal
Net premiums written$265.0 257.3 174.6 66.1 50.2 12.2 8.0 833.4 248.2 226.8 154.9 73.5 42.7 10.7 7.4 764.3 
Net premiums earned285.3 276.8 180.6 76.3 44.7 12.7 8.1 884.6 261.0 239.1 157.1 79.1 37.0 11.5 7.4 792.1 
Loss and loss expense ratio108.7 %67.7 23.6 37.1 76.6 27.3 (0.5)68.5 77.4 73.1 48.9 3.7 62.9 25.6 (0.5)61.0 
Underwriting expense ratio31.1 28.9 34.8 26.3 37.3 55.3 49.3 31.6 31.4 29.0 35.4 27.1 38.7 57.6 48.7 31.9 
Dividend ratio— — 0.1 0.6 — — 0.1 0.1 0.1 0.2 0.3 0.5 — — 0.2 0.2 
Combined ratio139.8 %96.6 58.5 64.0 113.9 82.6 48.9 100.2 108.9 102.3 84.6 31.3 101.6 83.2 48.4 93.1 
Underwriting income (loss)$(113.7)9.3 74.9 27.5 (6.2)2.2 4.1 (1.8)(23.3)(5.5)24.1 54.3 (0.6)1.9 3.8 54.9 
Year-to-Date December 31, 2024Year-to-Date December 31, 2023
GeneralCommercialCommercialWorkersGeneralCommercialCommercialWorkers
($ in millions)LiabilityAuto
Property(1)
CompensationBOPBondsOtherTotalLiabilityAuto
Property(1)
CompensationBOPBondsOtherTotal
Net premiums written$1,183.2 1,121.5 739.5 320.6 183.0 51.7 32.6 3,632.1 1,087.1 976.9 648.8 338.1 152.9 47.4 30.2 3,281.3 
Net premiums earned1,125.5 1,058.2 685.6 327.7 169.3 49.7 31.5 3,447.6 1,020.4 916.1 586.3 333.7 140.5 46.2 28.6 3,071.8 
Loss and loss expense ratio95.1 %70.5 57.0 55.7 60.8 17.4 0.3 72.5 61.4 73.8 61.6 43.9 69.5 24.9 (0.1)62.5 
Underwriting expense ratio31.1 29.2 35.0 25.7 34.5 56.3 48.0 31.5 31.6 29.8 36.4 26.3 36.5 56.9 50.8 32.2 
Dividend ratio0.1 0.1 0.2 1.0 — — — 0.2 0.1 0.1 0.2 1.2 — — 0.1 0.2 
Combined ratio126.3 %99.8 92.2 82.4 95.3 73.7 48.3 104.2 93.1 103.7 98.2 71.4 106.0 81.8 50.8 94.9 
Underwriting income (loss)$(295.9)2.5 53.3 57.7 8.0 13.1 16.3 (145.0)70.8 (33.7)10.8 95.4 (8.4)8.4 14.1 157.3 
(1) Includes Inland Marine.
Note: Amounts may not foot due to rounding.

Page 7


Selective Insurance Group, Inc. & Consolidated Subsidiaries

STANDARD PERSONAL LINES
STATEMENT OF OPERATIONS AND SUPPLEMENTAL DATA
(Unaudited)

Quarter endedYear-to-date
Dec. 31,Sept. 30,June 30,Mar. 31,Dec. 31,Dec. 31,Dec. 31,
($ in millions)2024202420242024202320242023
Underwriting results
Net premiums written$103.6 111.0 116.1 99.9 107.0 430.7 414.6 
Change in net premiums written, from comparable prior year period(3)%(2)17 27 30 
Net premiums earned$107.1 107.5 106.4 103.8 101.0 424.9 365.2 
Losses and loss expenses incurred72.7 106.1 101.4 84.3 92.5 364.6 353.2 
Net underwriting expenses incurred25.5 25.2 24.3 24.8 25.5 99.8 91.3 
GAAP underwriting income (loss)$8.9 (23.8)(19.3)(5.3)(17.0)(39.5)(79.3)
Net catastrophe losses$1.0 41.7 25.4 11.8 9.2 80.0 69.3 
(Favorable) unfavorable prior year casualty reserve development5.0 — — — 5.0 5.0 14.0 
Underwriting ratios
Loss and loss expense ratio67.9 %98.7 95.3 81.2 91.7 85.8 96.7 
Underwriting expense ratio23.8 23.4 22.8 23.9 25.2 23.5 25.0 
Combined ratio91.7 %122.1 118.1 105.1 116.9 109.3 121.7 
Net catastrophe losses1.0 pts38.8 23.9 11.4 9.1 18.8 19.0 
(Favorable) unfavorable prior year casualty reserve development4.7 — — — 5.0 1.2 3.8 
Combined ratio before net catastrophe losses90.7 %83.3 94.2 93.7 107.8 90.5 102.7 
Combined ratio before net catastrophe losses and prior year casualty development86.0 %83.3 94.2 93.7 102.8 89.3 98.9 
Other Statistics
Non-catastrophe property loss and loss expenses$38.9 38.0 45.4 41.9 42.8 164.0 156.9 
Non-catastrophe property loss and loss expenses36.3 pts35.3 42.6 40.3 42.4 38.6 43.0 
Direct new business$13.3 16.0 22.0 21.3 26.0 72.6 116.5 
Renewal pure price increases27.3 %22.8 20.7 14.3 8.9 20.6 5.2 
Retention75 75 78 83 87 77 87 
Note: Amounts may not foot due to rounding.

Page 8


Selective Insurance Group, Inc. & Consolidated Subsidiaries

STANDARD PERSONAL LINES
GAAP LINE OF BUSINESS RESULTS
(Unaudited)

Quarter ended December 31, 2024Quarter ended December 31, 2023
PersonalPersonal
($ in millions)AutoHomeownersOtherTotalAutoHomeownersOtherTotal
Net premiums written$50.3 49.4 4.0 103.6 56.6 46.7 3.7 107.0 
Net premiums earned55.0 48.2 3.9 107.1 55.0 42.7 3.3 101.0 
Loss and loss expense ratio94.3 %43.8 (7.9)67.9 107.4 75.6 37.0 91.7 
Underwriting expense ratio25.4 28.4 (57.2)23.8 27.1 28.7 (51.1)25.2 
Combined ratio119.7 %72.2 (65.1)91.7 134.5 104.3 (14.1)116.9 
Underwriting income (loss)$(10.8)13.4 6.4 8.9 (18.9)(1.8)3.8 (17.0)
Year-to-Date December 31, 2024Year-to-Date December 31, 2023
PersonalPersonal
($ in millions)AutoHomeownersOtherTotalAutoHomeownersOtherTotal
Net premiums written$219.0 197.9 13.8 430.7 224.9 177.6 12.1 414.6 
Net premiums earned226.1 185.7 13.1 424.9 200.0 154.8 10.4 365.2 
Loss and loss expense ratio89.1 %89.0 (13.9)85.8 97.9 99.7 28.9 96.7 
Underwriting expense ratio25.1 28.1 (70.8)23.5 28.1 28.9 (93.3)25.0 
Combined ratio114.2 %117.1 (84.7)109.3 126.0 128.6 (64.4)121.7 
Underwriting income (loss)$(32.1)(31.7)24.2 (39.5)(52.0)(44.3)17.0 (79.3)
Note: Amounts may not foot due to rounding.

Page 9


Selective Insurance Group, Inc. & Consolidated Subsidiaries

EXCESS AND SURPLUS LINES
STATEMENT OF OPERATIONS AND SUPPLEMENTAL DATA
(Unaudited)

Quarter endedYear-to-date
Dec. 31,Sept. 30,June 30,Mar. 31,Dec. 31,Dec. 31,Dec. 31,
($ in millions)2024202420242024202320242023
Underwriting results
Net premiums written$152.6 142.7 146.8 125.0 120.2 567.2 438.6 
Change in net premiums written, from comparable prior year period27 %28 39 24 36 29 24 
Net premiums earned$141.3 129.3 120.3 113.0 108.1 504.0 390.6 
Losses and loss expenses incurred90.0 68.0 76.2 64.1 49.7 298.3 211.9 
Net underwriting expenses incurred41.6 39.6 37.7 34.9 32.7 153.8 124.0 
GAAP underwriting income (loss)$9.7 21.7 6.5 14.0 25.7 51.9 54.8 
Net catastrophe losses$(2.9)6.7 14.3 4.9 (0.7)23.0 24.7 
(Favorable) unfavorable prior year casualty reserve development20.0 — — — — 20.0 (5.0)
Underwriting ratios
Loss and loss expense ratio63.6 %52.5 63.3 56.7 45.9 59.2 54.3 
Underwriting expense ratio29.5 30.7 31.3 30.9 30.3 30.5 31.7 
Combined ratio93.1 %83.2 94.6 87.6 76.2 89.7 86.0 
Net catastrophe losses(2.0)pts5.2 11.9 4.3 (0.7)4.6 6.3 
(Favorable) unfavorable prior year casualty reserve development14.2 — — — — 4.0 (1.3)
Combined ratio before net catastrophe losses95.1 %78.0 82.7 83.3 76.9 85.1 79.7 
Combined ratio before net catastrophe losses and prior year casualty development80.9 %78.0 82.7 83.3 76.9 81.1 81.0 
Other Statistics
Non-catastrophe property loss and loss expenses$15.2 12.9 15.6 14.3 7.3 58.0 31.9 
Non-catastrophe property loss and loss expenses10.8 pts10.0 13.0 12.6 6.8 11.5 8.2 
Direct new business$79.1 79.0 77.0 67.4 61.5 302.6 209.5 
Renewal pure price increases8.2 %8.0 6.4 5.2 6.1 7.2 6.9 
Note: Amounts may not foot due to rounding.

Page 10


Selective Insurance Group, Inc. & Consolidated Subsidiaries

EXCESS & SURPLUS LINES
GAAP LINE OF BUSINESS RESULTS
(Unaudited)

Quarter ended December 31, 2024Quarter ended December 31, 2023
($ in millions)CasualtyPropertyTotalCasualtyPropertyTotal
Net premiums written$88.8 63.8 152.6 73.7 46.5 120.2 
Net premiums earned84.9 56.4 141.3 70.5 37.6 108.1 
Loss and loss expense ratio91.5 %21.9 63.6 61.1 17.6 45.9 
Underwriting expense ratio29.5 29.4 29.5 29.6 31.4 30.3 
Combined ratio121.0 %51.3 93.1 90.7 49.0 76.2 
Underwriting income (loss)$(17.8)27.5 9.7 6.5 19.2 25.7 
Year-to-Date December 31, 2024Year-to-Date December 31, 2023
($ in millions)CasualtyPropertyTotalCasualtyPropertyTotal
Net premiums written$335.9 231.3 567.2 280.6 158.0 438.6 
Net premiums earned307.9 196.1 504.0 261.1 129.5 390.6 
Loss and loss expense ratio70.6 %41.3 59.2 59.5 43.7 54.3 
Underwriting expense ratio30.8 30.0 30.5 31.3 32.6 31.7 
Combined ratio101.4 %71.3 89.7 90.8 76.3 86.0 
Underwriting income (loss)$(4.3)56.2 51.9 24.1 30.6 54.8 
Note: Amounts may not foot due to rounding.


Page 11


Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED INVESTMENT INCOME
(Unaudited)

Quarter endedYear-to-date
Dec. 31,Sept. 30,June 30,Mar. 31,Dec. 31,Dec. 31,Dec. 31,
($ in millions)2024202420242024202320242023
Net investment income
Fixed income securities
Taxable$100.9 96.4 91.5 91.4 88.8 380.2 331.1 
Tax-exempt1.8 2.1 2.4 2.7 3.1 9.0 14.7 
Total fixed income securities102.7 98.5 93.9 94.1 91.9 389.2 345.9 
Commercial mortgage loans3.3 3.2 3.1 2.8 2.7 12.4 9.3 
Equity securities6.1 5.4 1.9 4.9 3.9 18.3 9.4 
Alternative investments10.6 9.0 10.5 6.9 1.1 37.1 26.8 
Other investments0.2 0.3 0.1 0.3 0.1 0.9 0.7 
Short-term investments5.6 6.5 4.7 3.5 3.3 20.3 14.8 
Investment income128.6 122.8 114.3 112.5 103.0 478.1 406.9 
Investment expenses(5.8)(5.0)(5.6)(4.6)(4.4)(21.1)(18.2)
Investment tax expense(25.5)(24.4)(22.4)(22.2)(20.1)(94.4)(79.1)
Total net investment income, after-tax$97.3 93.4 86.3 85.6 78.4 362.6 309.5 
Net realized and unrealized investment gains (losses), pre-tax$(8.0)5.4 1.3 (1.6)5.4 (2.9)(3.6)
Change in unrealized gains (losses) recognized in other comprehensive income, pre-tax$(164.6)228.0 (10.8)(16.1)275.4 36.5 174.6 
Average investment yields
Fixed income investments, pre-tax5.1 5.0 4.9 5.0 5.1 5.0 4.9 
Fixed income investments, after-tax4.0 4.0 3.9 4.0 4.0 4.0 3.9 
Total portfolio, pre-tax5.1 5.0 4.9 4.9 4.7 5.0 4.7 
Total portfolio, after-tax4.0 4.0 3.9 3.9 3.7 4.0 3.7 
Effective tax rate on net investment income20.7 20.7 20.6 20.6 20.4 20.7 20.4 
New money purchase rates for fixed income investments, pre-tax6.1 5.8 6.4 5.8 6.7 6.0 6.0 
New money purchase rates for fixed income investments, after-tax4.8 4.6 5.0 4.6 5.3 4.8 4.7 
Effective duration of fixed income investments including short-term (in years)4.0 3.9 3.9 4.0 4.0 4.0 4.0 
Note: Amounts may not foot due to rounding.
Page 12


Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED COMPOSITION OF INVESTED ASSETS
(Unaudited)

Dec. 31,Sept. 30,June 30,Mar. 31,Dec. 31,
20242024202420242023
($ in millions)AmountPercentAmountPercentAmountPercentAmountPercentAmountPercent
Fixed income securities, at fair value$8,152.1 85 %8,110.0 84 7,687.6 85 7,602.7 87 7,521.1 87 
Commercial mortgage loans, at fair value224.8 218.6 209.0 197.8 178.9 
Total fixed income investments8,376.9 87 8,328.7 86 7,896.6 87 7,800.5 89 7,700.0 89 
Short-term investments509.3 561.0 417.4 247.9 309.3 
Total fixed income and short-term investments8,886.2 92 8,889.7 92 8,314.0 92 8,048.4 92 8,009.3 92 
Equity securities, at fair value213.6 205.6 192.0 194.3 187.2 
Alternative investments440.9 432.0 414.8 402.7 395.8 
Other investments101.1 102.5 89.7 89.0 91.2 
Total investments$9,641.8 100  %9,629.8 100 9,010.5 100 8,734.3 100 8,683.5 100 
Fixed income investments, at carry value
U.S. government obligations$120.2 %125.4 151.0 141.8 205.0 
Foreign government obligations9.3 — 9.7 — 9.2 — 9.2 — 9.8 — 
Obligations of state and political subdivisions451.2 492.9 525.4 539.0 586.0 
Corporate securities3,093.6 37 3,048.7 37 2,865.4 36 2,815.3 36 2,733.9 35 
Collateralized loan obligations and other asset-backed securities2,033.1 24 1,946.4 23 1,916.1 24 1,897.1 24 1,834.8 24 
Residential mortgage-backed securities 1,692.4 20 1,740.0 21 1,504.0 19 1,512.0 19 1,477.5 19 
Commercial mortgage-backed securities 753.0 747.5 717.4 689.4 674.8 
Commercial mortgage loans233.7 223.6 219.5 208.0 188.4 
Total fixed income investments$8,386.4 100  %8,334.1 100 7,908.0 100 7,811.8 100 7,710.3 100 
Expected maturities of fixed income investments at carry value
Due in one year or less$638.3 %670.4 634.2 607.9 526.6 
Due after one year through five years3,692.6 44 3,764.6 45 3,622.6 46 3,558.5 45 3,569.2 46 
Due after five years through 10 years3,072.8 37 3,072.6 37 2,872.1 36 2,882.5 37 2,862.5 37 
Due after 10 years982.7 12 826.5 10 779.1 10 762.9 10 751.9 10 
Total fixed income investments$8,386.4 100  %8,334.1 100 7,908.0 100 7,811.8 100 7,710.3 100 
Weighted average credit quality of fixed income and short-term investments
Investment grade credit quality$8,577.3 97 %8,591.0 97 8,002.7 96 7,747.0 96 7,721.4 96 
Non-investment grade credit quality308.9 298.7 311.3 301.4 287.9 
Total fixed income and short-term investments, at fair value$8,886.2 100  %8,889.7 100 8,314.0 100 8,048.4 100 8,009.3 100 
Weighted average credit quality of fixed income and short-term investments A+  AA-  AA-  A+  AA-
Alternative investmentsDecember 31, 2024
Current
Number ofOriginalRemainingMarket
StrategyFundsCommitmentCommitmentValue
Private equity72 $495.2 182.4 346.0 
Private credit20 167.7 99.2 52.1 
Real assets11 84.5 38.9 42.8 
Total103 $747.4 320.5 440.9 
Note: Amounts may not foot due to rounding.
Page 13


Selective Insurance Group, Inc. & Consolidated Subsidiaries
CREDIT QUALITY OF INVESTED ASSETS
(Unaudited)

At December 31, 2024 Credit Rating
($ in millions)Amortized CostFair
Value
% of Invested AssetsYield to WorstEffective Duration in YearsAverage Life in YearsAAAAAABBBNon-Investment GradeNot Rated
Fixed income investments:
U.S. government obligations140 120 1.2 5.0 6.4 9.9 — 120 — — — — 
Foreign government obligations11 0.1 5.4 5.1 6.1 — — 
State and municipal obligations484 451 4.7 4.5 5.9 8.6 69 209 156 17 — — 
Corporate securities3,206 3,093 32.1 5.5 4.4 5.7 39 338 1,353 1,174 187 
Mortgage-backed securities:
Residential mortgage-backed securities ("RMBS"):
Agency RMBS1,247 1,155 12.0 5.4 5.7 8.3 — 1,155 — — — — 
Non-agency RMBS566 538 5.6 5.8 4.1 5.7 465 45 26 — — 
Total RMBS1,813 1,692 17.6 5.5 5.2 7.5 465 1,199 26 2   
Commercial mortgage-backed securities ("CMBS")
Agency CMBS173 164 1.7 4.9 4.6 6.1 20 144 — — — — 
Non-agency CMBS610 589 6.1 6.0 2.9 3.7 495 58 31 — — 
Total CMBS783 753 7.8 5.8 3.3 4.2 514 202 31 — — 
Total mortgage-backed securities2,595 2,445 25.4 5.6 4.6 6.5 980 1,402 57 2 5  
Collateralized loan obligations ("CLO") and other asset-backed securities ("ABS"):
CLOs864 851 8.8 6.3 2.8 5.0 432 267 50 38 33 31 
Commercial ABS524 512 5.3 3.8 2.6 3.1 102 68 278 61 — 
Consumer ABS403 396 4.1 2.5 0.9 1.5 264 76 50 — 
Other ABS275 274 2.8 7.6 7.2 10.5 10 140 80 16 27 
Total CLOs and ABS2,066 2,033 21.1 6.5 3.6 5.3 807 412 517 184 54 59 
Total securitized assets4,661 4,478 46.4 6.0 4.1 5.9 1,787 1,814 574 186 59 59 
Commercial mortgage loans234 225 2.3 7.6 2.7 3.6 — 12 87 124 — 
Total fixed income investments8,735 8,377 86.9 5.8 4.3 6.0 1,895 2,495 2,175 1,504 248 60 
Short-term investments509 509 5.3 4.3 0.00.0508 — — — 
Total fixed income and short-term investments9,245 8,886 92.2 5.7 4.05.62,403 2,495 2,175 1,504 249 60 
Total fixed income securities and short-term investments by credit rating percentage27.0 %28.1 %24.5 %16.9 %2.8 %0.7 %
Equity securities:
Common stock(1)
210 212 2.2 — — — — — — — — 212 
Preferred stock— — — — — — — — — 
Total equity securities211 214 2.2       2  212 
Alternative investments
Private equity346 346 3.6 — — — — — — — — 346 
Private credit52 52 0.5 — — — — — — — — 52 
Real assets43 43 0.4 — — — — — — — — 43 
Total alternative investments441 441 4.6 — — — — — — — — 441 
Other investments 101 101 1.0 — — — — — — — — 101 
Total invested assets$9,998 $9,642 100.0 %   $2,403 $2,495 $2,175 $1,506 $249 $814 
(1) Includes investments in exchange traded funds, mutual funds, business development corporations, and real estate investment trusts.
Note: Amounts may not foot due to rounding.
Page 14


Selective Insurance Group, Inc. & Consolidated Subsidiaries

RECONCILIATION OF NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS TO NON-GAAP OPERATING INCOME (LOSS) AND CERTAIN OTHER NON-GAAP MEASURES
(Unaudited)

Quarter endedYear-to-date
Dec. 31,Sept. 30,June 30,Mar. 31,Dec. 31,Dec. 31,Dec. 31,
($ in millions, except per share data)2024202420242024202320242023
Reconciliation of net income (loss) available to common stockholders to non-GAAP operating income (loss)
Net income (loss) available to common stockholders
$93.2 90.0 (65.6)80.2 122.5 197.8 356.0 
Net realized and unrealized investment (gains) losses included in net income, before tax8.0 (5.4)(1.3)1.6 (5.4)2.9 3.6 
Tax on reconciling items(1.7)1.1 0.3 (0.3)1.1 (0.6)(0.7)
Non-GAAP operating income (loss)
$99.6 85.7 (66.6)81.5 118.3 200.1 358.8 
Reconciliation of net income (loss) available to common stockholders per diluted common share to non-GAAP operating income (loss) per diluted common share
Net income (loss) available to common stockholders per diluted common share
$1.52 1.47 (1.08)1.31 2.01 3.23 5.84 
Net realized and unrealized investment (gains) losses included in net income, before tax0.13 (0.09)(0.02)0.03 (0.09)0.05 0.06 
Tax on reconciling items(0.03)0.02 — (0.01)0.02 (0.01)(0.01)
Non-GAAP operating income (loss) per diluted common share
$1.62 1.40 (1.10)1.33 1.94 3.27 5.89 
Reconciliation of ROE to non-GAAP operating ROE
ROE12.7 12.6 (9.5)11.5 18.9 7.0 14.3 
Net realized and unrealized investment (gains) losses included in net income, before tax1.1 (0.8)(0.2)0.2 (0.8)0.1 0.1 
Tax on reconciling items(0.3)0.3 0.1 — 0.1 — — 
Non-GAAP operating ROE13.5 12.1 (9.6)11.7 18.2 7.1 14.4 
Reconciliation of book value per common share to adjusted book value per common share
Book value per common share$47.99 48.82 44.74 46.17 45.42 47.99 45.42 
Total unrealized investment (gains) losses included in accumulated other comprehensive income (loss), before tax
5.21 2.50 6.25 6.08 5.83 5.21 5.83 
Tax on reconciling items(1.10)(0.52)(1.32)(1.28)(1.22)(1.10)(1.22)
Adjusted book value per common share$52.10 50.80 49.67 50.97 50.03 52.10 50.03 
Non-GAAP operating income (loss), non-GAAP operating income (loss) per diluted common share, and non-GAAP operating return on common equity are measures comparable to net income (loss) available to common stockholders, net income (loss) available to common stockholders per diluted common share, and return on common equity, respectively, but excludes after-tax net realized and unrealized gains and losses on investments included in net income (loss). Adjusted book value per common share is a measure comparable to book value per common share, but excludes total after-tax unrealized gains and losses on investments included in accumulated other comprehensive income (loss). These non-GAAP measures are used as important financial measures by management, analysts, and investors, because the timing of realized and unrealized investment gains and losses on securities in any given period is largely discretionary. In addition, net realized and unrealized gains and losses on investments could distort the analysis of trends. These operating measurements are not intended as a substitute for net income (loss) available to common stockholders, net income (loss) available to common stockholders per diluted common share, return on common equity, and book value per common share prepared in accordance with U.S. generally accepted accounting principles (GAAP). Reconciliations of net income (loss) available to common stockholders, net income (loss) available to common stockholders per diluted common share, return on common equity, and book value per common share to non-GAAP operating income (loss), non-GAAP operating income (loss) per diluted common share, non-GAAP operating return on common equity, and adjusted book value per common share, respectively, are provided in the tables above.
Note: Amounts may not foot due to rounding.
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Selective Insurance Group, Inc. & Consolidated Subsidiaries

RATINGS AND CONTACT INFORMATION

Address:As of December 31, 2024
40 Wantage AvenueAM BestStandard & Poor'sMoody'sFitch
Branchville, NJ 07890Financial Strength Ratings:A+AA2A+
Preferred Stock Rating:n/aBB+Ba1BBB-
Corporate Website:Long-Term Debt Credit Rating:a-BBBBaa2BBB+
www.Selective.com
Investor Contact:REGISTRAR AND TRANSFER AGENT
Brad B. WilsonEQ Shareowner Services
Senior Vice PresidentP.O. Box 64854
Investor Relations & TreasurerSt. Paul, MN 55164
Phone: 973-948-1283866-877-6351
Brad.Wilson@Selective.com
Media Contact:
Jamie M. Beal
Vice President
Director of Communications
Phone: 973-948-1234
Jamie.Beal@Selective.com

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