UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 For the transition period from_______________________to_______________________ Commission file number: 001-33067 SELECTIVE INSURANCE GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: Decembe ...

Financial Data and Key Metrics Changes - The company reported a non-GAAP operating ROE of 10.5% for the full year, with an annualized non-GAAP operating ROE of 18% for Q4 2020, reflecting strong financial results despite industry challenges [10][31] - The book value per share increased by 15% for the year, or 17% when adjusted for dividends [31] - The consolidated combined ratio for Q4 was 88.1%, benefiting from favorable prior year casualty reserve development and lower current year accident losses [36][37] Business Line Data and Key Metrics Changes - The Standard Commercial Lines segment reported a 10% growth in net premiums written for Q4, with a renewal pure price increase of 5.1% and retention rates improving to 86% [45] - Personal Lines experienced a 2% decline in net premiums written, with renewal pure price increases averaging 1.1% [48] - The E&S segment saw a 6% growth in net premiums written, with renewal pure price increases averaging 7.4% [50] Market Data and Key Metrics Changes - The company noted a 4.8% average renewal pure price increase across all lines, with strong retention rates contributing to premium growth [15][34] - The impact of COVID-19 resulted in a 3% growth in consolidated net premiums written for the year, with a negative impact of approximately 4 points due to pandemic-related adjustments [34] Company Strategy and Development Direction - The company plans to focus on profitable growth opportunities, including expanding market share with distribution partners and geographic expansion into new states [68][72] - Investment in technology and tools to enhance market position is a priority, with the rollout of the MarketMax tool to distribution partners [69] - A shift towards the affluent market in Personal Lines is underway, targeting customers with higher income and net worth [116][118] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by record low interest rates and elevated catastrophe losses, indicating a need for increased underwriting margins [21][22] - The company expects continued downward pressure on investment portfolio returns but remains optimistic about its strong financial position and ability to deliver growth [33][65] - Management expressed confidence in the company's competitive position and ability to generate consistent financial returns for shareholders [78] Other Important Information - The company issued $200 million of perpetual preferred stock to enhance capital flexibility and authorized a $100 million share repurchase program [28] - The investment portfolio remains well-positioned, with 92% in fixed income securities and an average credit rating of AA- [51] Q&A Session Summary Question: What is causing the topline growth to accelerate? - Management indicated that exposure changes, competitive environment, and digital improvements contributed to topline growth, with a positive exposure on the renewal portfolio of about 1% [82][85][89] Question: Will Selective be asking for less rate increase than the industry average? - Management noted that while pricing might be lower than average in certain lines, it aligns with profitability expectations, maintaining a disciplined approach to pricing [94][95] Question: Will there be metrics to track diversity levels? - Management confirmed plans to provide more data on diversity in future reports, emphasizing the importance of inclusion and diverse leadership [98][100] Question: Can you discuss the reserve releases in general liability? - Management explained that reserve releases were from multiple accident years, with favorable emergence in workers' compensation and general liability lines [103][106] Question: How is the company shifting towards the mass affluent market in Personal Lines? - Management detailed plans to clarify appetite and messaging to agents, with product and service rollouts expected in mid-2021 [116][118]

Selective Insurance Group, Inc. (NASDAQ:SIGI) Q3 2020 Earnings Conference Call October 29, 2020 10:00 AM ET Company Participants Rohan Pai – Senior Vice President, Investor Relations and Treasurer John Marchioni – President and Chief Executive Officer Mark Wilcox – Executive Vice President and Chief Financial Officer Conference Call Participants Mike Zaremski – Credit Suisse Jamie Inglis – Philo Smith Mark Dwelle – RBC Capital Markets Bob Farnam – Boenning & Scattergood Operator Good day, everyone. Welcome ...

Selective Insurance Group, Inc. (NASDAQ:SIGI) Q2 2020 Results Earnings Conference Call July 30, 2020 10:30 AM ET Company Participants Rohan Pai - Senior Vice President, Investor Relations and Treasurer John Marchioni - President and CEO Mark Wilcox - Chief Financial Officer Conference Call Participants Charlie Lederer - Credit Suisse Matt Carletti - JMP Securities Paul Newsome - Piper Sandler Sean Reitenbach - KBW Bob Farnam - Boenning Operator Good day, everyone. Welcome to Selective Insurance GroupÂ's Sec ...

Selective Insurance Group, Inc. (NASDAQ:SIGI) Q1 2020 Earnings Conference Call May 6, 2020 10:00 AM ET Company Participants Rohan Pai - Senior Vice President, Investor Relations & Treasurer John Marchioni - President & Chief Executive Officer Mark Wilcox - Chief Financial Officer Conference Call Participants Charles Lederer - Credit Suisse Sean Reitenbach - KBW Operator Good day everyone. Welcome to Selective Insurance Group's First Quarter 2020 Earnings Call. At this time for opening remarks and introducti ...

Financial Performance & Ratios - Selective achieved a Non-GAAP Operating Return on Equity (ROE) of 13.3% in 2019[7] - The company's GAAP combined ratio for 2019 was 93.7%[12] - Selective anticipates an underlying combined ratio of 91.5% for 2020, assuming no prior year casualty reserve development[24] - The company is targeting catastrophe losses of 3.5% for 2020[24] - Selective's after-tax net investment income is forecasted to be $185 million in 2020[24] Business Segments & Growth - Standard Commercial lines constitute 80% of Net Premiums Written (NPW)[15, 25] - Standard Personal lines account for 11% of NPW[15, 25] - Excess & Surplus (E&S) lines represent 9% of NPW[17, 26] - The company targets growing "share of wallet" to 12% with existing distribution partners[39] Investment Portfolio - Selective's investment portfolio totals $6.7 billion[55] - Fixed income and short-term investments comprise 95% of the investment portfolio[55]

Selective Insurance Group, Inc. (NASDAQ:SIGI) Q4 2019 Earnings Conference Call January 31, 2020 10:00 AM ET Company Participants Rohan Pai - SVP, IR & Treasurer Greg Murphy - CEO Mark Wilcox - CFO John Marchioni - President & COO Conference Call Participants Mike Zaremski - Credit Suisse Paul Newsome - Piper Sandler Amit Kumar - Buckingham Research Mark Dwelle - RBC Capital Markets Matthew Carletti - JMP Operator Good day everyone, welcome to Selective Insurance Group's Fourth Quarter 2019 Earnings Call. At ...

Exhibit 99.2 S E L E C T I V E FINANCIAL SUPPLEMENT FOURTH QUARTER AND FULL YEAR 2019 Forward-Looking Statements Certain statements in this report, including information incorporated by reference, are "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995 ("PSLRA"). The PSLRA provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. These statements relate to our intentions, beliefs, p ...

Exhibit 99.2 S E L E C T I V E FINANCIAL SUPPLEMENT THIRD QUARTER 2019 Forward-Looking Statements Certain statements in this report, including information incorporated by reference, are "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995 ("PSLRA"). The PSLRA provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. These statements relate to our intentions, beliefs, projections, est ...

Financial Data and Key Metrics Changes - The company reported a combined ratio of 95.2% for Q3 2019, with an annualized operating return on equity (ROE) of 11.2% [11][31] - Non-GAAP fully diluted operating earnings per share were $0.97, while fully diluted earnings per share were $0.93 [31] - After-tax net investment income increased by 6% to $45 million for the quarter, and 15% for the nine months [11][43] Business Line Data and Key Metrics Changes - The standard commercial line segment, representing approximately 80% of premiums, achieved a net premiums written growth of 7% for the first nine months [53] - The combined ratio for the commercial lines was 93.9%, with renewal pure price increases of 3.3% [54] - The personal lines segment reported a 1% decline in net premiums written, with a combined ratio of 96.9% [64] Market Data and Key Metrics Changes - The company experienced a 3.7% increase in renewal pure pricing for commercial lines in Q3, continuing a trend of price increases [13][21] - The E&S segment generated a 7% net premiums written growth for the nine months, with a combined ratio of 94.7% [67] - The competitive environment in personal auto has intensified, impacting new business and retention rates [91] Company Strategy and Development Direction - The company is focused on generating profitable growth through increasing share of wallet within distribution partners and expanding into new states [16][75] - Strategic initiatives include managing pricing in alignment with expected loss trends and leveraging technology for better underwriting and claims decisions [72][78] - The company aims to maintain a disciplined approach to underwriting and pricing, particularly in the workers' compensation and commercial auto lines [19][60] Management's Comments on Operating Environment and Future Outlook - Management noted that the pricing environment for standard commercial lines is expected to increase due to lower interest rates and rising claim trends [19][20] - The company anticipates continued upward momentum in new and renewal pricing, which will enhance underwriting margins in 2020 [13][27] - Management expressed confidence in the company's ability to maintain attractive ROEs despite market challenges [27][82] Other Important Information - The company declared a 15% increase in the quarterly cash dividend on common stock to $0.23 per share [29] - The balance sheet remains strong with $2.1 billion of GAAP equity, reflecting a 19% increase year-to-date [48] Q&A Session Summary Question: Can you discuss the general liability line and rising loss trends? - Management highlighted their disciplined reserving process and expressed confidence in their current position regarding general liability, noting consistent pure price increases over the past decade [84][85] Question: What is the competitive landscape in personal auto? - Management acknowledged that hit ratios remain under pressure due to higher price increases compared to the market, impacting competitive positioning [91][92] Question: What are the trends in the E&S segment? - Management noted that while there is pressure in the E&S segment due to year-over-year comparisons, they expect to see improvement in pricing and growth in core binding authority business [100][125]