BRANCHVILLE, N.J., July 2, 2024 /PRNewswire/ -- Selective Insurance Group, Inc. (Nasdaq: SIGI) will announce its second quarter financial results on Thursday, July 25, 2024, after market close. The press release and financial supplement will be available on the Investors page of Selective's website. A conference call to discuss the results will be held on Friday, July 26, 2024, at 8:00 AM ET. This call will be webcast live and accessible on Selective's website at www.Selective.com. A replay will be availabl ...

With Ms. Sampson's appointment, Selective's Board of Directors will expand from 12 to 13 members before expected retirements. BRANCHVILLE, N.J., July 1, 2024 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ: SIGI) today announced the appointment of Kate Sampson to the Board of Directors, effective July 1, 2024. Brings Over 25 Years of Insurance, Risk Management, and Technology Experience Kate Sampson Named as New Independent DirectorKate Sampson Named as New Independent Director She has served on the ...

Growth Projections The expected long-term earnings growth rate is 16.2%, outperforming the industry average of 10.2%. Image Source: Zacks Investment Research Steady betterment of premiums, improved net investment income and higher other income have resulted in topline improvement. Over the past seven years (2017-2023), total revenues witnessed a CAGR of 8%. Riding on a solid capital position, the company has been hiking dividends, which registered a nine-year (2015- 2023) CAGR of nearly 8.8%. It had $84.2 m ...

Financial Data and Key Metrics Changes - The company reported an operating return on equity (ROE) of 11.7% and a net premium written growth of 16% in the first quarter [25] - The combined ratio was elevated at 98.2%, above the target of 95%, primarily due to $35 million in net unfavorable prior year casualty reserve development [25][47] - Catastrophe losses contributed 5.3 points to the combined ratio, which was 0.8 points better than the first quarter of 2023 [47] - The company experienced a decrease in fully diluted EPS to $1.31, down 11% year-over-year, while non-GAAP operating EPS was $1.33, down 8% [47] Business Line Data and Key Metrics Changes - The Standard Commercial Lines experienced $50 million of unfavorable general liability reserve development, partially offset by $15 million of favorable workers' compensation development [25][47] - The combined ratio for the Excess and Surplus lines was reported at 87.6%, with net premiums written growth of 24% [45] - Personal Lines saw a 17% increase in net premiums written, driven by strong rate increases and larger average policy sizes, although new business premiums declined by 19% [74] Market Data and Key Metrics Changes - Renewal pure pricing for general liability and umbrella increased to 6.5%, up from 5.7% in the previous quarter [26] - Overall renewal pure price was 8.1% in the quarter, up from 7.4% in the fourth quarter of 2023 [45] - The company expects full-year 2024 personalized renewal pure pricing to exceed 20% [74] Company Strategy and Development Direction - The company emphasizes a unique field model that empowers underwriting staff to maintain strong relationships with distribution partners, which is seen as a competitive advantage [27] - Geographic expansion continues to be a strategic focus, with plans to launch in additional states in the coming years [46] - The company aims to achieve a combined ratio target of 95% across its insurance segments while responding to adverse trends in a disciplined manner [25][45] Management's Comments on Operating Environment and Future Outlook - Management highlighted the impact of social inflation on claims severity, indicating that this trend is expected to continue affecting the industry [26][18] - The company acknowledged elevated uncertainty in the loss trend environment but remains confident in its ability to manage pricing and underwriting actions effectively [30][45] - The management anticipates that the general liability pricing will accelerate further in the coming months due to ongoing social inflationary pressures [26] Other Important Information - The company reported a debt-to-capital ratio of 14.3%, well below the internal threshold of 25%, providing financial flexibility for growth initiatives [48] - After-tax net investment income was $86 million, up 17% from the previous year, contributing significantly to ROE [64] Q&A Session Summary Question: Can you break out the cat losses within Standard Commercial? - The company reported $38.5 million of cat losses, with $32.9 million from commercial property, $4.2 million from BOP, and $1.4 million from commercial auto [4] Question: How are you thinking about casualty reinsurance renewals? - Management indicated that they are early in the renewal process and will evaluate pricing and terms before making structural changes [12][14] Question: Is litigation funding impacting claims? - Management acknowledged that while litigation funding is not the primary driver, it does have an impact across various accounts, particularly in states with challenging litigation environments [5][16] Question: What is the outlook for general liability pricing? - Management expects general liability pricing to accelerate further, driven by social inflation and increased claims severity [26][45] Question: How does the company view the current accident year reserves? - The company is reacting to paid data and adjusting reserves based on historical development factors, indicating a proactive approach to reserve management [36][37]

Table of Contents or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____________________________to_____________________________ Commission File Number: 001-33067 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SELECTIVE INSURANCE GROUP, INC. For the quarterly period ended: March 31, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Exact Name of Registrant ...

Exhibit 99.2 FINANCIAL SUPPLEMENT FIRST QUARTER 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 a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 or 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.) New Jersey 22-2168890 40 Wantage Avenue, Branchville, New Jersey 07890 (Address of Princip ...

Financial Data and Key Metrics Changes - In 2023, the company grew net premiums written by 16% and produced a combined ratio of 96.5% [4][11] - After-tax net investment income increased by 33% to $310 million, with an operating ROE of 14.4% [4][55] - The book value per share increased by 18% for the year, with a 13% increase in the fourth quarter [15][55] Business Line Data and Key Metrics Changes - The Standard Commercial Lines segment showed strong performance with high retention metrics and a focus on underperforming areas [7][52] - The Excess and Surplus Lines segment achieved a record year with net premiums written growing by 24% and an 86% combined ratio [8] - Personal lines, while representing about 10% of the business, saw a renewal pure price increase of 8.9% in the quarter, with expectations for further acceleration in 2024 [54] Market Data and Key Metrics Changes - The overall renewal pure price, excluding exposure change, was 6.8% [87] - The company expects a combined ratio of 95.5% for 2024, reflecting an overall expected loss trend of approximately 7% [60][62] - The company reported a premium to surplus ratio of 1.51x, up from 1.44x in 2022, indicating strong insurance operations growth [15] Company Strategy and Development Direction - The company aims to maintain underwriting discipline and price adequacy across its segments, focusing on profitable growth [52][76] - Plans to refine the portfolio and launch five new states for Standard Commercial Lines in 2024 were highlighted [8] - The company is committed to enhancing its distribution model and leveraging technology for improved risk selection and claims management [76] Management's Comments on Operating Environment and Future Outlook - Management acknowledged elevated and uncertain loss trends influenced by economic and social inflation, necessitating continued focus on adequate pricing [17][18] - The outlook for 2024 includes a healthy ROE exceeding the 12% target, with confidence in managing through market dynamics [18] - Management emphasized the importance of demonstrating value to customers and distribution partners in a competitive market [6] Other Important Information - The company entered its first catastrophe bond transaction, upsizing it to $325 million, providing a new source of reinsurance capital [14] - The capital position remains strong with $3 billion of GAAP equity and $2.7 billion of statutory surplus at year-end [15] - The company reported a 20% increase in after-tax net investment income for the fourth quarter, totaling $78 million [83] Q&A Session All Questions and Answers Question: Regarding the general liability reserve development - Management confirmed that the $55 million reserve increase was included in the updated view and reflects severity trends [103] Question: Is there any spillover into the commercial auto book? - Management indicated that pricing remains constructive and there is no spillover effect observed in the commercial auto segment [68] Question: What is the outlook for pricing power in 2024? - Management expressed confidence in maintaining pricing power despite market expectations of potential declines [94] Question: Has there been any management changes affecting loss assumptions? - Management reassured that the leadership team remains consistent and the changes do not impact the evaluation of results and reserves [69] Question: What are the expectations for workers' compensation rates? - Management noted that while margins are good, they do not expect rate increases in the near term due to competitive pressures [137] Question: What drove the increase in property retention? - Management explained that the increase in retention was aligned with the growth in the property portfolio and market conditions [138]

Selective Insurance Group, Inc. (NASDAQ:SIGI) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Brad Wilson - 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 Grace Carter - Bank of America Merrill Lynch Andrew Lambrecht - Piper Sandler Robert Farnam - Janney Montgomery Scott LLC Operator Good day, everyone. Welcome to ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____________________________to_____________________________ Commission File Number: 001-33067 SELECTIVE INSURANCE GROUP, INC. (State or Other Jurisd ...