Selective Insurance Group, Inc. (NASDAQ:SIGI) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Brad Wilson - Senior Vice President, Investor Relations and Treasurer John Marchioni - Chairman of the Board, President and Chief Executive Officer Mark Wilcox - Executive Vice President, Chief Financial Officer Conference Call Participants Paul Musson - Piper Sander Jiang Li - KBW Grace Carter - Bank of America Operator Good day, everyone. Welcome to Selective Insurance Group’s Se ...

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: June 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. (Exact Name of Registrant a ...

Financial Data and Key Metrics Changes - The company reported a fully diluted EPS of $1.48 for Q1 2023 and a non-GAAP operating EPS of $1.44, with a non-GAAP operating ROE of 14.6%, exceeding the 12% target [6][56] - The capital position remains strong with $2.7 billion of GAAP equity and $2.5 billion of statutory capital and surplus, while book value per share increased by 5.8% during the quarter [7][56] - The combined ratio for the quarter was 95.7%, slightly above the long-term target of 95%, with an underlying combined ratio of 91% [57][73] Business Line Data and Key Metrics Changes - Net premiums written in the E&S segment grew by 16%, with new business growth of 9% and a renewal pure rate of 7.4% [24] - The Standard Personal Lines segment saw a 31% growth in net premiums written, transitioning towards the mass affluent market [24] - The Standard Commercial Lines produced a combined ratio of 94.7% and an underlying combined ratio of 91.3%, with non-cat losses about three points lower than last year [90] Market Data and Key Metrics Changes - The company experienced a 12% growth in net premiums written across all segments compared to Q1 2022 [73] - The commercial property renewal pure rate increased by 11.8%, while exposure grew by 5.1%, resulting in a total premium change of 17.5% [4] - The commercial auto renewal pure rate was up 10%, with exposure growing by 4.9%, leading to a total premium change of 15.4% [4] Company Strategy and Development Direction - The company is focused on expanding its footprint, having added eight states over the past five years, with plans to open an additional five states in the next two to three years [3] - The transition to the mass affluent market is expected to positively impact long-term profitability, with personal lines representing only 8.5% of premiums in the quarter [15][71] - The company aims to maintain a disciplined approach to underwriting and risk selection, particularly in the commercial property line [90] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing economic and loss trend uncertainties but expressed confidence in the company's ability to navigate these challenges [5] - The company expects continued pricing trends in commercial lines, with a focus on achieving profitability despite the uncertain loss environment [15][36] - Management highlighted the importance of active portfolio management in investments, with a current book yield of 4.33%, up 20 basis points in the quarter [28][74] Other Important Information - The company did not repurchase any shares during the first quarter but has $84.2 million remaining under its share repurchase authorization [7] - Catastrophe losses for the quarter amounted to $55.3 million, contributing 6.1 points to the combined ratio, which was slightly above expectations [73] - The investment portfolio produced $73 million of after-tax income, a 25% increase from Q1 2022, driven by active management [25][74] Q&A Session Summary Question: Can you provide details on the combined ratio guide for this year? - Management indicated that projecting loss ratios is challenging due to uncertainties in loss trends, but they are focused on achieving profitability [15] Question: What are the trends in claims between private passenger auto and commercial auto? - Management noted that while trends may converge, there are still differences in claims inflation between the two segments [85] Question: How does the company view the competitive environment and pricing trends? - Management believes the competitive environment is shifting favorably, with pricing moving in the right direction due to proactive measures taken [93]

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: March 31, 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. (Exact Name of Registrant ...

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, 2022 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. (Exact Name of Registrant as Specified in ...

Selective Insurance Group, Inc. (NASDAQ:SIGI) Q4 2022 Earnings Conference Call February 3, 2023 10:00 AM ET Company Participants Rohan Pai - Sr. VP of Investor Relations & Treasurer John Marchioni - CEO, Pres & Chairman Mark Wilcox - Exec. VP & CFO Conference Call Participants Mark Dwelle - RBC Meyer Shields - KBW Grace Carter - Bank of America Operator Good day, everyone. Welcome to Selective Insurance Groups Fourth Quarter 2021 Earnings Call. At this time, for opening remarks and introductions, I would li ...

Selective Insurance Group, Inc. (NASDAQ:SIGI) Q3 2022 Results Conference Call November 3, 2022 10:00 AM ET Company Participants Rohan Pai - Senior Vice President, Investor Relations & Treasurer John Marchioni - Chairman, President & Chief Executive Officer Mark Wilcox - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Phillips - Morgan Stanley Paul Newsome - Piper Sandler Meyer Shields - KBW Grace Carter - Bank of America Matt Carletti - JMP Mike Zaremski - BMO Jamie I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q For the quarterly period ended: September 30, 2022 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. (Exact Name of Registrant as Specified in Its Charter) New Jersey 22-2168890 (State or Other Jurisdiction of Incorporation or Orga ...

Selective Insurance Group, Inc. (NASDAQ:SIGI) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Rohan Pai - Senior Vice President, Investor Relations & Treasurer John Marchioni - Chairman, President & Chief Executive Officer Mark Wilcox - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Phillips - Morgan Stanley Paul Newsome - Piper Sandler Meyer Shields - KBW Grace Carter - Bank of America Scott Heleniak - RBC Capital Markets Operator Go ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q Table of Contents For the quarterly period ended: June 30, 2022 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. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) ...