Selective Insurance Group, Inc. (NASDAQ:SIGI) Q2 2021 Results Conference Call July 29, 2021 10:00 AM ET Company Participants Rohan Pai - SVP, IR and Treasurer John Marchioni - President and CEO Mark Wilcox - CFO Conference Call Participants Matt Carletti - JMP Securities Paul Newsome - Piper Sandler James Bach - KBW Grace Carter - Bank of America Scott Heleniak - RBC Capital Market Operator Good day, everyone. Welcome to Selective Insurance Group’s Second Quarter 2021 Earnings Call. At this time, for openin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q 40 Wantage Avenue Branchville, New Jersey 07890 Table of Contents (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2021 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 ...

Financial Data and Key Metrics Changes - The company reported a net income available to common stockholders per diluted share of $1.77 and non-GAAP operating earnings per share of $1.70 for the first quarter [22] - The annualized non-GAAP operating return on equity (ROE) was 16.2%, significantly above the target of 11% [8][22] - Consolidated net premiums written increased by 23% year-over-year, or 11% when adjusted for the prior year's COVID-19-related audit premium accrual [23] Business Line Data and Key Metrics Changes - In the Standard Commercial Lines, net premiums written increased by 28% or 12% when adjusted for the prior year's audit premium accrual [27] - The Personal Lines segment experienced a 4% decline in net premiums written, reflecting competitive market conditions [30] - The E&S segment reported a 10% growth in net premiums written, with renewal pure price increases averaging 7.3% [31] Market Data and Key Metrics Changes - The company achieved a combined ratio of 89.3% for the quarter, benefiting from $30 million in catastrophe losses and $35 million in favorable prior year casualty reserve development [24] - The underlying combined ratio, excluding catastrophes and prior year reserve development, was 90% compared to 93.1% in the prior year [24] Company Strategy and Development Direction - The company aims to balance growth and profitability, focusing on generating consistent and profitable growth [13] - Strategic initiatives include increasing market share with distribution partners and enhancing technology tools for agents [41][42] - The company plans to launch new products targeting the mass affluent market in Personal Lines and expand its E&S segment [44][45] Management's Comments on Operating Environment and Future Outlook - Management noted that while there are early signs of a return to normal economic activity, uncertainty remains regarding late reported claims and increased severities [12] - The company expects continued elevated losses from catastrophe and non-catastrophe weather-related events, emphasizing the importance of climate risk mitigation [18] - The capital position remains strong, with $2.74 billion in GAAP equity, allowing for growth above the sustainable rate of 7% to 9% [35] Other Important Information - The company has initiated a $100 million share repurchase program, with approximately $3.4 million repurchased in the quarter [36] - The guidance for 2021 includes a GAAP combined ratio of 90%, improved from prior guidance, and projected after-tax net investment income of $195 million [37][38] Q&A Session Summary Question: Clarification on audit premium impact - The audit premium related to COVID-19 was $75 million, with $29 million in workers compensation and $46 million in general liability [48] Question: Growth drivers in Standard Commercial - Growth is attributed to price increases, improved exposure, and a 100 basis point increase in retention rates [49][50] Question: Marketplace dynamics and retention rates - The company does not see a difference in expected performance when winning accounts from larger versus smaller competitors [58] Question: Frequency versus severity in claims - Frequency has improved, while severity has emerged slightly worse than expected, but not enough to offset the frequency benefits [70][71] Question: Details on reserve releases - The net favorable casualty reserve development was $35 million, with significant contributions from workers compensation and general liability [74][75]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2021 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 Spec ...

| --- | --- | |---------------|--------------| | | | | | | | | | | INVESTOR | PRESENTATION | | February 2021 | | | | | | | 1 | SAFE HARBOR STATEMENT SAFE HARBOR STATEMENT In this presentation, we make certain statements and reference other information that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 ("PSLRA"). The PSLRA provides a safe harbor under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, for forward- ...

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 ...