Financial Data and Key Metrics Changes - The company reported a 17% growth in net premiums written, driven by a 33% increase in new business premiums and a renewal pure price change of 6.4% [27][28] - The operating ROE for the first half of the year was 12.2%, slightly above the 12% target, despite elevated catastrophe losses [26][13] - The consolidated combined ratio for the quarter was 100.2%, impacted by $100 million in net catastrophe losses, contributing 10.6 points to the combined ratio [37][36] - After-tax net investment income for the quarter was $77.8 million, up 37% from the previous year, driven by core fixed income [40] Business Line Data and Key Metrics Changes - In Commercial Lines, new business was up 23%, with a renewal rate of 6.7% and exposure growth of 4.6% [6] - Personal Lines net premiums written grew 32%, although profitability in this segment is still below target [10] - The E&S segment experienced a 20% premium growth, but was negatively impacted by elevated catastrophe losses, resulting in breakeven underwriting results [32] Market Data and Key Metrics Changes - The company has expanded its Standard Commercial Lines footprint by adding 8 states since 2017, contributing 2 points of premium growth in the first half of 2023 [8] - The property renewal pure rate increased by 11.7%, with exposure up 5.8%, leading to an 18.2% total renewal premium increase [9] Company Strategy and Development Direction - The company plans to introduce 5 new states to its Standard Commercial Lines footprint over the next 2 to 3 years, with West Virginia and Maine on track for early 2024 [8] - The strategy includes transitioning to a mass affluent customer base, focusing on less price-sensitive customers who value coverage and service [33] - The company aims to maintain a long-term combined ratio target of 95% and generate ROEs at or above 12% [7] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of elevated catastrophe losses but emphasized the company's strong balance sheet and risk management capabilities to navigate these challenges [26] - The company expects to see a greater number of rate filings with more meaningful increases in the third and fourth quarters [11] - Management remains optimistic about achieving full-year targets despite the challenges faced in the first half of the year [36] Other Important Information - The company has a strong capital position with $2.7 billion of GAAP equity and $2.5 billion of statutory capital and surplus as of quarter end [18] - Book value per share increased by 5.8% this year, or 7.4% adjusted for dividends [18] Q&A Session Summary Question: Can you provide details on agents turning to Selective for property coverage as small competitors pull back? - Management highlighted that Selective is viewed as a consistent underwriting partner, focusing on high-quality accounts and maximizing growth in familiar market segments [50] Question: What are the expectations for the pure renewal rate in standard commercial? - Management noted that the pure renewal rate has remained relatively flat, with expectations for continued strong rates driven by loss trends [57][58] Question: How is the company addressing pricing in personal lines? - Management indicated that they expect new and renewal rates to be in the mid-teens for 2024, with ongoing adjustments based on loss trends [60][61] Question: Can you comment on the reserve development within Commercial Lines? - Management confirmed that they feel confident about their current year loss picks and have seen favorable reserve development trends, although personal auto has been a drag [63][64]

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 ...

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) ...

Financial Data and Key Metrics Changes - The company reported a net income available to common stockholders per diluted share of $0.89 and non-GAAP operating EPS of $1.41, with an annualized non-GAAP operating ROE of 12.8%, exceeding the 11% target [27][8] - The combined ratio for the quarter was 93.1%, which included 2.5 points of net catastrophe losses and 2.5 points of net favorable prior year casualty reserve development [28][9] - Book value per share declined by 8% during the quarter, driven by $275 million after-tax mark-to-market losses on fixed income securities [23][49] Business Line Data and Key Metrics Changes - In the Commercial Lines segment, net premiums written increased by 11%, driven by renewal pure price increases averaging 4.8%, excellent retention of 87%, and exposure growth of approximately 3.5% [36][9] - The Personal Lines segment saw net premiums written remain flat, with renewal pure price increases averaging 0.6% and retention slightly up at 84% [38] - The E&S segment experienced a 29% growth in net premiums written, with renewal pure price increases averaging 7.7% and new business up 25% [39] Market Data and Key Metrics Changes - The company noted strong growth in the E&S market, with premium growth remaining robust and opportunities for favorable rates continuing [76] - The company is expanding its geographic footprint, with plans to open in Alabama, Idaho, and Vermont, which are expected to contribute to future growth [57][58] Company Strategy and Development Direction - The company is focused on maintaining a disciplined approach to pricing and retention across its Commercial Lines, which has been a key driver of its strong operating results [12][25] - The company is migrating its personal lines business towards the mass affluent market, where it sees competitive advantages [59] - Investment in automation technology for the E&S business aims to enhance underwriting controls and process efficiency [60] Management's Comments on Operating Environment and Future Outlook - Management highlighted ongoing uncertainty in loss trends due to economic inflation, social inflation, and the impact of the COVID-19 pandemic [14][32] - The company remains confident in its ability to navigate an uncertain economic environment while maintaining strong profitability and growth [61] - Management expects to generate about $1 billion of investable cash flow during the remainder of 2022, which will be invested at higher reinvestment rates [45] Other Important Information - The company reported $245 million of after-tax net unrealized investment losses in stockholders' equity during the quarter, but noted no deterioration in overall credit quality [48] - The company has $96.5 million of remaining capacity under its share repurchase program, which it plans to use opportunistically [51] Q&A Session Summary Question: Regarding underlying loss ratio in Commercial Lines - Management indicated that non-cat property losses were primarily driven by auto physical damage severity rather than property-driven items [64][66] Question: Trends in casualty loss - Management confirmed that casualty loss trends are in line with expectations, with some favorable frequencies observed in certain lines [70][72] Question: Rate trends in Commercial Lines and E&S - Management noted strong rate trends in E&S and sequential improvement in Commercial Lines, attributing this to economic inflation pressures [76][78] Question: Commercial auto frequency and severity - Management stated that commercial auto frequency remains slightly better than pre-pandemic levels, with severity being the main concern [80][82] Question: Argo renewal rights deal performance - Management acknowledged that the success rate from the Argo renewal rights deal has been lower than anticipated due to maintaining underwriting discipline [83][85] Question: Workers' compensation and wage impacts - Management indicated that wage growth is assumed in indemnity loss cost assumptions, with potential benefits on the medical side due to wage inflation being above medical inflation [92][94]