Exhibit 99.2















selectiveinsurancergb.jpg


FINANCIAL SUPPLEMENT
SECOND QUARTER 2025


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 and financial performance. They involve uncertainties and known and unknown risks and other factors that may cause actual results, activity levels, or performance to materially differ from those in or implied by the forward-looking statements. In some cases, forward-looking statements include the words “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “attribute,” “confident,” “strong,” “target,” “project,” “intend,” “believe,” “estimate,” “predict,” “potential,” “pro forma,” “seek,” “likely,” “continue,” or comparable terms. Our forward-looking statements are only predictions; we cannot guarantee or assure that such expectations will prove correct. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, except as may be required by law.

Factors that could cause our actual results to differ materially from what we project, forecast, or estimate in forward-looking statements include, without limitation:
•Challenging conditions in the economy, global capital markets, the banking sector, and commercial real estate, including prolonged higher inflation, could increase loss costs and negatively impact investment portfolios;
•Deterioration in the public debt, public equity, or private investment markets that could lead to investment losses and interest rate fluctuations;
•Ratings downgrades on individual securities we own could negatively affect investment values, impacting statutory surplus;
•The development and adequacy of our loss reserves and loss expense reserves;
•Frequency and severity of catastrophic events, including natural events that climate change may impact, such as hurricanes, severe convective storms, tornadoes, windstorms, earthquakes, hail, severe winter weather, floods, and fires, and man-made events such as criminal and terrorist acts, including cyber-attacks, explosions, and civil unrest;
•Adverse market, governmental, regulatory, legal, political, or judicial rulings, conditions or actions, including the impact of social inflation;
•The significant geographic concentration of our business in the eastern portion of the United States;
•The cost, terms and conditions, and availability of reinsurance;
•Our ability to collect on reinsurance and the solvency of our reinsurers;
•The impact of changes in U.S. trade policies and imposition of tariffs on imports that may lead to higher than anticipated inflationary trends for our loss and loss expenses;
•Ongoing wars and conflicts impacting global economic, banking, commodity, and financial markets, exacerbating ongoing economic challenges, including inflation and supply chain disruption, all of which can influence insurance loss costs, premiums, and investment valuations;
•Uncertainties related to insurance premium rate increases and business retention;
•Changes in insurance regulations that impact our ability to write and/or cease writing insurance policies in one or more states;
•The effects of data privacy or cyber security laws and regulations on our operations;
•Major defect or failure in our internal controls or information technology and application systems that result in marketplace brand damage, increased senior executive focus on crisis and reputational management issues, and/or increased expenses, particularly if we experience a significant privacy breach;
•Potential tax or federal financial regulatory reform provisions that could pose certain risks to our operations;
•Our ability to maintain favorable financial ratings, which may include sustainability considerations, from rating agencies, including AM Best, Standard & Poor’s, Moody’s, and Fitch;
•Our entry into new markets and businesses; and
•Other risks and uncertainties we identify in filings with the United States Securities and Exchange Commission, including our Annual Report on Form 10-K and other periodic reports.


Selective Insurance Group, Inc. & Consolidated Subsidiaries

TABLE OF CONTENTS

Page
Consolidated Financial Highlights
Consolidated Statements of Operations
Consolidated Balance Sheets
Financial Metrics
Consolidated Insurance Operations Statement of Operations
Standard Commercial Lines Statement of Operations and Supplemental Data
Standard Commercial Lines GAAP Line of Business Results
Standard Personal Lines Statement of Operations and Supplemental Data
Standard Personal Lines GAAP Line of Business Results
Excess and Surplus Lines Statement of Operations and Supplemental Data
Excess and Surplus Lines GAAP Line of Business Results
Consolidated Investment Income
Consolidated Composition of Invested Assets
Credit Quality of Invested Assets
Reconciliation of Net Income (Loss) Available to Common Stockholders to Non-GAAP Operating Income (Loss) and Certain Other Non-GAAP Measures
Ratings and Contact Information




Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED FINANCIAL HIGHLIGHTS
(Unaudited)

Quarter endedYear-to-date
June 30,Mar. 31,Dec. 31,Sept. 30,June 30,June 30,June 30,
($ and shares in millions, except per share data)2025202520242024202420252024
For Period Ended
Gross premiums written$1,496.2 1,428.8 1,275.9 1,343.1 1,406.2 2,925.1 2,728.0 
Net premiums written1,288.6 1,240.4 1,089.6 1,157.6 1,226.1 2,529.1 2,382.7 
Change in net premiums written, from comparable prior year period5 %7 10 9 13 6 14 
Underwriting income (loss), before-tax$(2.4)45.6 16.8 5.3 (173.7)43.2 (154.7)
Net investment income earned, before-tax128.0 120.7 122.8 117.8 108.6 248.7 216.5 
Net realized and unrealized investment gains (losses), before-tax4.2 0.2 (8.0)5.4 1.3 4.4 (0.3)
Net income (loss)
$85.9 109.9 95.5 92.3 (63.3)195.8 19.2 
Net income (loss) available to common stockholders(1)
83.6 107.6 93.2 90.0 (65.6)191.2 14.6 
Non-GAAP operating income (loss)(2)
80.3 107.4 99.6 85.7 (66.6)187.8 14.9 
At Period End
Total assets14,468.4 14,197.6 13,514.2 13,473.1 12,565.5 14,468.4 12,565.5 
Total invested assets10,553.6 10,295.3 9,651.3 9,635.3 9,021.8 10,553.6 9,021.8 
Stockholders' equity3,369.4 3,258.5 3,120.1 3,167.8 2,922.7 3,369.4 2,922.7 
Common stockholders' equity(3)
3,169.4 3,058.5 2,920.1 2,967.8 2,722.7 3,169.4 2,722.7 
Common shares outstanding60.8 60.8 60.8 60.8 60.9 60.8 60.9 
Per Share and Share Data
Net income (loss) available to common stockholders per common share (diluted)
$1.36 1.76 1.52 1.47 (1.08)3.12 0.24 
Non-GAAP operating income (loss) per common share (diluted)(2)
1.31 1.76 1.62 1.40 (1.10)3.06 0.24 
Weighted average common shares outstanding (diluted)61.3 61.3 61.3 61.3 60.9 61.3 61.2 
Book value per common share$52.09 50.33 47.99 48.82 44.74 52.09 44.74 
Adjusted book value per common share(2)
54.48 53.39 52.10 50.80 49.67 54.48 49.67 
Dividends paid per common share0.38 0.38 0.38 0.35 0.35 0.76 0.70 
Financial Ratios
Loss and loss expense ratio69.3 %64.4 67.8 68.8 85.7 66.9 76.5 
Underwriting expense ratio30.8 31.6 30.6 30.6 30.3 31.2 30.6 
Dividends to policyholders ratio0.1 0.1 0.1 0.1 0.1 0.1 0.2 
GAAP combined ratio100.2 %96.1 98.5 99.5 116.1 98.2 107.3 
Return on common stockholders' equity ("ROE")10.7 14.4 12.7 12.6 (9.5)12.5 1.1 
Non-GAAP operating ROE(2)
10.3 14.4 13.5 12.1 (9.6)12.3 1.1 
Debt to total capitalization21.1 21.7 14.0 13.8 14.8 21.1 14.8 
Net premiums written to policyholders' surplus1.45 1.47 1.60 1.63 1.64 1.45 1.64 
Invested assets per dollar of common stockholders' equity$3.33 3.37 3.31 3.25 3.31 3.33 3.31 
(1)
Net income (loss) available to common stockholders is net income (loss) reduced by preferred stock dividends.
(2)
Non-GAAP measure. Refer to Page 15 for definition.
(3)
Excludes equity related to preferred stock.
Page 1

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

Quarter endedYear-to-date
June 30,Mar. 31,Dec. 31,Sept. 30,June 30,June 30,June 30,
($ and shares in millions, except per share data)2025202520242024202420252024
Revenues
Net premiums earned$1,188.1 1,158.8 1,133.0 1,112.2 1,080.2 $2,346.8 2,131.2 
Net investment income earned128.0 120.7 122.8 117.8 108.6 248.7 216.5 
Net realized and unrealized gains (losses)4.2 0.2 (8.0)5.4 1.3 4.4 (0.3)
Other income6.5 5.5 8.5 8.9 5.8 12.1 13.6 
Total revenues1,326.7 1,285.2 1,256.4 1,244.3 1,196.0 2,611.9 2,361.0 
Expenses
Loss and loss expense incurred823.9746.3 769.0 765.7 925.5 1,570.2 1,629.8 
Amortization of deferred policy acquisition costs250.3247.4 241.0 235.6 226.4 497.7445.9 
Other insurance expenses122.8124.9 114.8 114.7 107.8 247.7223.8 
Interest expense13.39.6 7.2 7.3 7.2 22.814.4 
Corporate expenses7.618.1 5.3 4.7 9.2 25.724.7 
Total expenses1,217.8 1,146.3 1,137.3 1,127.8 1,276.1 2,364.1 2,338.5 
Income (loss) before federal income tax
$108.9 138.9 119.1 116.5 (80.1)247.822.5 
Federal income tax expense (benefit)
23.0 29.0 23.5 24.2 (16.8)52.0 3.3 
Net Income (loss)
$85.9 109.9 95.5 92.3 (63.3)195.819.2 
Preferred stock dividends2.32.3 2.3 2.3 2.3 4.64.6 
Net income (loss) available to common stockholders
$83.6 107.6 93.2 90.0 (65.6)191.214.6
Net realized and unrealized investment (gains) losses, after tax(1)
(3.3)(0.2)6.3 (4.3)(1.0)(3.5)0.3 
Non-GAAP operating income (loss)(2)
$80.3 107.4 99.6 85.7 (66.6)$187.8 14.9 
Weighted average common shares outstanding (diluted)61.361.3 61.3 61.3 60.9 61.361.2 
Net income (loss) available to common stockholders per common share (diluted)
$1.36 1.76 1.52 1.47 (1.08)$3.12 0.24 
Non-GAAP operating income (loss) per common share (diluted)(2)
$1.31 1.76 1.62 1.40 (1.10)$3.06 0.24 
(1)
Amounts are provided to reconcile net income (loss) available to common stockholders to non-GAAP operating income (loss).
(2)
Non-GAAP measure. Refer to Page 15 for definition.
Note: Amounts may not foot due to rounding.
Page 2

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED BALANCE SHEETS
(Unaudited)

June 30,Mar. 31,Dec. 31,Sept. 30,June 30,
($ in millions, except per share data)20252025202420242024
ASSETS
Investments
Fixed income securities, held-to-maturity, net of allowance for credit losses$24.6 25.3 25.4 22.0 19.5 
Fixed income securities, available-for-sale, at fair value, net of allowance for credit losses8,876.7 8,605.2 8,127.3 8,088.6 7,669.0 
Commercial mortgage loans, net of allowance for credit losses271.9 257.7 233.7 223.6 219.5 
Equity securities, at fair value318.1 266.5 213.6 205.6 192.0 
Short-term investments531.4 631.1 509.3 561.0 417.3 
Alternative investments435.0 411.1 440.9 432.0 414.8 
Other investments96.0 98.4 101.1 102.5 89.7 
Total investments

10,553.6 10,295.3 9,651.3 9,635.3 9,021.8 
Cash0.4 0.1 0.1 0.1 0.2 
Restricted cash37.9 108.2 62.9 12.6 10.7 
Accrued investment income86.9 77.1 76.9 73.8 72.3 
Premiums receivable, net of allowance for credit losses1,662.6 1,539.7 1,467.8 1,531.9 1,579.7 
Reinsurance recoverable, net of allowance for credit losses881.4 924.9 1,061.1 1,057.3 685.6 
Prepaid reinsurance premiums252.6 235.9 235.4 230.7 219.8 
Current federal income tax13.2 — — 13.0 38.6 
Deferred federal income tax120.7 134.2 146.8 100.7 145.9 
Property and equipment, net of accumulated depreciation and amortization100.0 100.1 93.3 92.2 89.2 
Deferred policy acquisition costs510.4 492.5 479.3 488.5 476.5 
Goodwill7.8 7.8 7.8 7.8 7.8 
Other assets241.1 281.6 231.4 229.1 217.4 
Total assets$14,468.4 14,197.6 13,514.2 13,473.1 12,565.5 
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Reserve for loss and loss expense$6,811.2 6,610.9 6,589.8 6,452.0 5,903.5 
Unearned premiums2,815.7 2,698.5 2,616.3 2,655.0 2,598.7 
Long-term debt902.7 903.2 507.9 508.2 508.8 
Current federal income tax— 56.1 19.7 — — 
Accrued salaries and benefits107.7 105.6 121.7 113.5 92.6 
Other liabilities461.7 564.7 538.7 576.6 539.2 
Total liabilities
$11,099.1 10,939.0 10,394.1 10,305.3 9,642.8 
Stockholders' Equity
Preferred stock of $0 par value per share$200.0 200.0 200.0 200.0 200.0 
Common stock of $2 par value per share211.8 211.7 211.2 211.1 211.0 
Additional paid-in capital580.4 571.3 557.0 549.8 545.3 
Retained earnings3,284.0 3,223.7 3,139.5 3,069.6 3,001.1 
Accumulated other comprehensive income (loss)
(230.6)(272.1)(336.8)(211.9)(392.7)
Treasury stock, at cost(676.3)(676.1)(650.8)(650.7)(641.9)
Total stockholders' equity$3,369.4 3,258.5 3,120.1 3,167.8 2,922.7 
Commitments and contingencies
Total liabilities and stockholders' equity$14,468.4 14,197.6 13,514.2 13,473.1 12,565.5 
Note: Amounts may not foot due to rounding.
Page 3

Selective Insurance Group, Inc. & Consolidated Subsidiaries

FINANCIAL METRICS
(Unaudited)

Quarter endedYear-to-date
June 30,Mar. 31,Dec. 31,Sept. 30,June 30,June 30,June 30,
($ and shares in millions, except per share data)2025202520242024202420252024
Book value per common share
Common stockholders' equity$3,169.4 3,058.5 2,920.1 2,967.8 2,722.7 3,169.4 2,722.7 
Common shares issued and outstanding, at period end60.8 60.8 60.8 60.8 60.9 60.8 60.9 
Book value per common share$52.09 50.33 47.99 48.82 44.74 52.09 44.74 
Adjusted book value per common share(1)
54.48 53.39 52.10 50.80 49.67 54.48 49.67 
Financial results (after-tax)
Underwriting income (loss)(1.9)36.1 13.3 4.1 (137.2)34.1 (122.2)
Net investment income101.4 95.6 97.3 93.4 86.3 197.0 171.9 
Interest expense and preferred stock dividends(12.8)(9.9)(8.0)(8.0)(8.0)(22.6)(16.0)
Corporate expense(6.4)(14.4)(3.0)(3.8)(7.7)(20.8)(18.9)
Net realized and unrealized investment gains (losses)3.3 0.2 (6.3)4.3 1.0 3.5 (0.3)
Total after-tax net income (loss) available to common stockholders
83.6 107.6 93.2 90.0 (65.6)191.2 14.6 
Return on average equity
Insurance segments(0.2)4.8 1.8 0.6 (19.9)2.2 (8.8)
Net investment income13.0 12.8 13.2 13.1 12.5 12.9 12.5 
Interest expense and preferred stock dividends(1.6)(1.3)(1.1)(1.1)(1.2)(1.5)(1.2)
Corporate expense(0.9)(1.9)(0.4)(0.5)(1.0)(1.3)(1.4)
Net realized and unrealized investment gains (losses)0.4 — (0.8)0.5 0.1 0.2 — 
ROE10.7 14.4 12.7 12.6 (9.5)12.5 1.1 
Net realized and unrealized (gains) losses(2)
(0.4)— 0.8 (0.5)(0.1)(0.2)— 
Non-GAAP Operating ROE(1)
10.3 14.4 13.5 12.1 (9.6)12.3 1.1 
Debt and total capitalization
Notes payable:
3.03% Borrowings from Federal Home Loan Bank of Indianapolis60.0 60.0 60.0 60.0 60.0 60.0 60.0 
7.25% Senior Notes49.8 49.8 49.8 49.8 49.8 49.8 49.8 
5.90% Senior Notes396.0 395.9 — — — 396.0 — 
6.70% Senior Notes99.4 99.4 99.4 99.4 99.4 99.4 99.4 
5.375% Senior Notes292.6 292.5 292.4 292.4 292.3 292.6 292.3 
Finance Lease Obligations4.9 5.6 6.3 6.7 7.3 4.9 7.3 
Total debt902.7 903.2 507.9 508.2 508.8 902.7 508.8 
Stockholders' equity3,369.4 3,258.5 3,120.1 3,167.8 2,922.7 3,369.4 2,922.7 
Total capitalization$4,272.1 4,161.8 3,628.0 3,676.0 3,431.5 4,272.1 3,431.5 
Ratio of debt to total capitalization21.1 21.7 14.0 13.8 14.8 21.1 14.8 
Policyholders' surplus$3,288.5 3,204.2 2,902.8 2,787.5 2,698.8 3,288.5 2,698.8 
(1)
Non-GAAP measure. Refer to Page 15 for definition.
(2)
Amounts are provided to reconcile ROE to non-GAAP operating ROE.
Note: Amounts may not foot due to rounding.
Page 4

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED INSURANCE OPERATIONS
STATEMENT OF OPERATIONS
(Unaudited)

Quarter endedYear-to-date
June 30,Mar. 31,Dec. 31,Sept. 30,June 30,June 30,June 30,
($ in millions)2025202520242024202420252024
Underwriting results
Net premiums written$1,288.6 1,240.4 1,089.6 1,157.6 1,226.1 2,529.1 2,382.7 
Change in net premiums written, from comparable prior year period5 %7 10 9 13 6 14 
Net premiums earned$1,188.1 1,158.8 1,133.0 1,112.2 1,080.2 2,346.8 2,131.2 
Losses and loss expenses incurred823.9 746.3 769.0 765.7 925.5 1,570.2 1,629.8 
Net underwriting expenses incurred365.4 365.8 346.4 340.0 327.3 731.2 651.7 
Dividends to policyholders1.2 1.0 0.8 1.4 1.1 2.1 4.3 
GAAP underwriting income (loss)$(2.4)45.6 16.8 5.3 (173.7)43.2 (154.7)
Net catastrophe losses$79.9 43.4 (10.1)148.8 90.5 123.3 145.8 
(Favorable) unfavorable prior year casualty reserve development45.0 5.0 100.0 — 176.0 50.0 211.0 
Underwriting ratios
Loss and loss expense ratio69.3 %64.4 67.8 68.8 85.7 66.9 76.5 
Underwriting expense ratio30.8 31.6 30.6 30.6 30.3 31.2 30.6 
Dividends to policyholders ratio0.1 0.1 0.1 0.1 0.1 0.1 0.2 
Combined ratio100.2 %96.1 98.5 99.5 116.1 98.2 107.3 
Net catastrophe losses6.7 pts3.7 (0.9)13.4 8.4 5.3 6.8 
(Favorable) unfavorable prior year casualty reserve development3.8 0.4 8.8 — 16.3 2.1 9.9 
Combined ratio before net catastrophe losses93.5 %92.4 99.4 86.1 107.7 92.9 100.5 
Combined ratio before net catastrophe losses and prior year casualty development89.7 %92.0 90.6 86.1 91.4 90.8 90.6 
Other Statistics
Non-catastrophe property loss and loss expenses$173.2 178.7 178.2 146.7 185.5 351.9 356.7 
Non-catastrophe property loss and loss expenses14.6 pts15.4 15.7 13.2 17.2 15.0 16.7 
Direct new business$248.1 251.3 232.0 234.2 267.4 499.4 528.2 
Renewal pure price increases9.9%10.3 10.7 10.5 9.1 10.1 8.6 
Note: Amounts may not foot due to rounding.

Page 5

Selective Insurance Group, Inc. & Consolidated Subsidiaries

STANDARD COMMERCIAL LINES
STATEMENT OF OPERATIONS AND SUPPLEMENTAL DATA
(Unaudited)

Quarter endedYear-to-date
June 30,Mar. 31,Dec. 31,Sept. 30,June 30,June 30,June 30,
($ in millions)2025202520242024202420252024
Underwriting results
Net premiums written$1,018.0 1,003.2 833.4 903.9 963.1 2,021.2 1,894.8 
Change in net premiums written, from comparable prior year period6 %8 9 8 11 7 13 
Net premiums earned$937.6 912.2 884.6 875.4 853.5 1,849.8 1,687.6 
Losses and loss expenses incurred666.8 581.7 606.3 591.6 748.0 1,248.4 1,303.8 
Net underwriting expenses incurred295.9 296.6 279.3 275.1 265.4 592.5 530.0 
Dividends to policyholders1.2 1.0 0.8 1.4 1.1 2.1 4.3 
GAAP underwriting income (loss)$(26.1)32.9 (1.8)7.3 (160.9)6.8 (150.5)
Net catastrophe losses$50.9 19.8 (8.2)100.4 50.9 70.7 89.4 
(Favorable) unfavorable prior year casualty reserve development45.0 — 75.0 — 176.0 45.0 211.0 
Underwriting ratios
Loss and loss expense ratio71.1 %63.8 68.5 67.6 87.6 67.5 77.2 
Underwriting expense ratio31.6 32.5 31.6 31.4 31.1 32.0 31.4 
Dividends to policyholders ratio0.1 0.1 0.1 0.2 0.1 0.1 0.3 
Combined ratio102.8 %96.4 100.2 99.2 118.8 99.6 108.9 
Net catastrophe losses5.4 pts2.2 (0.9)11.5 6.0 3.8 5.3 
(Favorable) unfavorable prior year casualty reserve development4.8 — 8.5 — 20.6 2.4 12.5 
Combined ratio before net catastrophe losses97.4 %94.2 101.1 87.7 112.8 95.8 103.6 
Combined ratio before net catastrophe losses and prior year casualty development92.6 %94.2 92.6 87.7 92.2 93.4 91.1 
Other Statistics
Non-catastrophe property loss and loss expenses$131.9 128.8 124.1 95.9 124.5 260.7 239.5 
Non-catastrophe property loss and loss expenses14.1 pts14.1 14.0 11.0 14.6 14.1 14.2 
Direct new business$158.2 172.2 139.5 139.2 168.4 330.3 340.4 
Renewal pure price increases8.9 %9.1 8.8 9.1 7.9 9.0 7.8 
Retention83 85 85 86 85 83 85 
Note: Amounts may not foot due to rounding.

Page 6

Selective Insurance Group, Inc. & Consolidated Subsidiaries

STANDARD COMMERCIAL LINES
GAAP LINE OF BUSINESS RESULTS
(Unaudited)

Quarter ended June 30, 2025Quarter ended June 30, 2024
GeneralCommercialCommercialWorkersGeneralCommercialCommercialWorkers
($ in millions)LiabilityAuto
Property(1)
CompensationBOPBondsOtherTotalLiabilityAuto
Property(1)
CompensationBOPBondsOtherTotal
Net premiums written$341.6 313.0 207.9 83.0 50.3 13.6 8.6 1,018.0 320.0 297.3 195.4 84.9 43.3 13.9 8.4 963.1 
Net premiums earned305.8 288.8 191.0 82.0 48.4 13.3 8.3 937.6 280.1 260.7 168.5 82.3 41.6 12.5 7.8 853.5 
Underwriting income (loss)(31.3)(8.4)7.4 (2.9)2.5 2.0 4.5 (26.1)(166.1)(1.2)(3.0)3.9 (0.1)2.0 3.7 (160.9)
Loss and loss expense ratio78.7 %73.3 61.4 77.1 62.7 29.1 (2.1)71.1 128.5 71.2 67.4 69.5 68.6 27.2 1.2 87.6 
Underwriting expense ratio31.5 29.6 34.7 25.2 32.1 55.5 48.0 31.6 30.8 29.3 34.4 24.8 31.6 56.8 51.9 31.1 
Dividend ratio— — — 1.2 — — — 0.1 — — — 1.0 — — — 0.1 
Combined ratio110.2 %102.9 96.1 103.5 94.8 84.6 45.9 102.8 159.3 100.5 101.8 95.3 100.2 84.0 53.1 118.8 
Net catastrophe losses— %1.4 17.8 — 26.5 — — 5.4 — 1.0 24.6 — 16.1 — 0.1 6.0 
(Favorable) unfavorable prior year casualty reserve development6.5 8.7 — — — — — 4.8 59.3 3.8 — — — — — 20.6 
Combined ratio before net catastrophe losses and prior year casualty development103.7 %92.8 78.3 103.5 68.3 84.6 45.9 92.6 100.0 95.7 77.2 95.3 84.1 84.0 53.0 92.2 
Year-to-Date June 30, 2025Year-to-Date June 30, 2024
GeneralCommercialCommercialWorkersGeneralCommercialCommercialWorkers
($ in millions)LiabilityAuto
Property(1)
CompensationBOPBondsOtherTotalLiabilityAuto
Property(1)
CompensationBOPBondsOtherTotal
Net premiums written$675.5 625.6 404.2 169.1 101.2 28.0 17.6 2,021.2 627.4 582.9 370.0 183.6 88.0 26.4 16.6 1,894.8 
Net premiums earned600.5 572.3 377.6 161.1 95.3 26.5 16.5 1,849.8 553.5 512.4 330.1 170.1 81.6 24.6 15.4 1,687.6 
Underwriting income (loss)(47.2)(0.8)37.5 (7.6)12.6 3.8 8.6 6.8 (195.6)(0.9)6.5 22.1 5.4 4.1 7.9 (150.5)
Loss and loss expense ratio75.7 %69.9 55.7 77.5 53.6 29.1 0.5 67.5 103.9 70.4 63.2 60.5 60.3 27.4 0.9 77.2 
Underwriting expense ratio32.2 30.2 34.4 26.1 33.2 56.8 47.7 32.0 31.2 29.6 34.5 25.5 33.1 56.0 47.7 31.4 
Dividend ratio— — — 1.1 — — — 0.1 0.2 0.2 0.3 1.0 — — — 0.3 
Combined ratio107.9 %100.1 90.1 104.7 86.8 85.9 48.2 99.6 135.3 100.2 98.0 87.0 93.4 83.4 48.6 108.9 
Net catastrophe losses— 1.0 13.3 — 15.5 — — 3.8 — 0.8 22.5 — 13.4 — — 5.3 
(Favorable) unfavorable prior year casualty reserve development3.3 4.4 — — — — — 2.4 39.0 2.0 — (8.8)— — — 12.5 
Combined ratio before net catastrophe losses and prior year casualty development104.6 %94.7 76.8 104.7 71.3 85.9 48.2 93.4 96.3 97.4 75.5 95.8 80.0 83.4 48.6 91.1 
(1) Includes Inland Marine.
Note: Amounts may not foot due to rounding.

Page 7

Selective Insurance Group, Inc. & Consolidated Subsidiaries

STANDARD PERSONAL LINES
STATEMENT OF OPERATIONS AND SUPPLEMENTAL DATA
(Unaudited)

Quarter endedYear-to-date
June 30,Mar. 31,Dec. 31,Sept. 30,June 30,June 30,June 30,
($ in millions)2025202520242024202420252024
Underwriting results
Net premiums written$110.5 87.5 103.6 111.0 116.1 198.0 216.1 
Change in net premiums written, from comparable prior year period(5)%(12)(3)(2)6 (8)11 
Net premiums earned$102.4 103.7 107.1 107.5 106.4 206.0 210.3 
Losses and loss expenses incurred70.0 76.7 72.7 106.1 101.4 146.6 185.8 
Net underwriting expenses incurred23.9 24.9 25.5 25.2 24.3 48.8 49.1 
GAAP underwriting income (loss)$8.6 2.0 8.9 (23.8)(19.3)10.6 (24.6)
Net catastrophe losses$14.6 7.1 1.0 41.7 25.4 21.7 37.2 
(Favorable) unfavorable prior year casualty reserve development— 5.0 5.0 — — 5.0 — 
Underwriting ratios
Loss and loss expense ratio68.3 %73.9 67.9 98.7 95.3 71.2 88.3 
Underwriting expense ratio23.3 24.1 23.8 23.4 22.8 23.7 23.4 
Combined ratio91.6 %98.0 91.7 122.1 118.1 94.9 111.7 
Net catastrophe losses14.3 pts6.9 1.0 38.8 23.9 10.5 17.7 
(Favorable) unfavorable prior year casualty reserve development— 4.8 4.7 — — 2.4 — 
Combined ratio before net catastrophe losses77.3 %91.1 90.7 83.3 94.2 84.4 94.0 
Combined ratio before net catastrophe losses and prior year casualty development77.3 %86.3 86.0 83.3 94.2 82.0 94.0 
Other Statistics
Non-catastrophe property loss and loss expenses$28.3 36.5 38.9 38.0 45.4 64.8 87.2 
Non-catastrophe property loss and loss expenses27.6 pts35.2 36.3 35.3 42.6 31.4 41.5 
Direct new business$12.9 8.9 13.3 16.0 22.0 21.8 43.3 
Renewal pure price increases19.0 %24.1 27.3 22.8 20.7 21.3 17.7 
Retention79 75 75 75 78 77 80 
Note: Amounts may not foot due to rounding.

Page 8

Selective Insurance Group, Inc. & Consolidated Subsidiaries

STANDARD PERSONAL LINES
GAAP LINE OF BUSINESS RESULTS
(Unaudited)

Quarter ended June 30, 2025Quarter ended June 30, 2024
PersonalPersonal
($ in millions)AutoHomeownersOtherTotalAutoHomeownersOtherTotal
Net premiums written$52.7 54.6 3.2 110.5 59.6 53.4 3.2 116.1 
Net premiums earned51.3 48.3 2.8 102.4 57.5 46.1 2.8 106.4 
Underwriting income (loss)0.4 3.0 5.2 8.6 (6.3)(17.7)4.7 (19.3)
Loss and loss expense ratio74.1 %66.0 4.1 68.3 86.6 110.9 17.8 95.3 
Underwriting expense ratio25.1 27.8 (89.6)23.3 24.3 27.5 (82.6)22.8 
Combined ratio99.2 %93.8 (85.5)91.6 110.9 138.4 (64.8)118.1 
Net catastrophe losses0.8 %29.3 — 14.3 4.1 50.0 — 23.9 
(Favorable) unfavorable prior year casualty reserve development— — — — — — — — 
Combined ratio before net catastrophe losses and prior year casualty development98.4 %64.5 (85.5)77.3 106.8 88.4 (64.8)94.2 
Year-to-Date June 30, 2025Year-to-Date June 30, 2024
PersonalPersonal
($ in millions)AutoHomeownersOtherTotalAutoHomeownersOtherTotal
Net premiums written$98.1 94.4 5.6 198.0 114.6 95.6 5.9 216.1 
Net premiums earned104.3 96.3 5.5 206.0 114.5 90.2 5.6 210.3 
Underwriting income (loss)(5.5)6.4 9.7 10.6 (17.8)(16.1)9.3 (24.6)
Loss and loss expense ratio79.7 %65.5 9.8 71.2 90.4 90.0 18.9 88.3 
Underwriting expense ratio25.6 27.8 (85.0)23.7 25.1 27.8 (84.2)23.4 
Combined ratio105.3 %93.3 (75.2)94.9 115.5 117.8 (65.3)111.7 
Net catastrophe losses0.5 %22.0 — 10.5 2.6 37.9 — 17.7 
(Favorable) unfavorable prior year casualty reserve development4.8 %— — 2.4 4.4 (5.5)— — 
Combined ratio before net catastrophe losses and prior year casualty development100.0 %71.3 (75.2)82.0 108.5 85.4 (65.3)94.0 
Note: Amounts may not foot due to rounding.

Page 9

Selective Insurance Group, Inc. & Consolidated Subsidiaries

EXCESS AND SURPLUS LINES
STATEMENT OF OPERATIONS AND SUPPLEMENTAL DATA
(Unaudited)

Quarter endedYear-to-date
June 30,Mar. 31,Dec. 31,Sept. 30,June 30,June 30,June 30,
($ in millions)2025202520242024202420252024
Underwriting results
Net premiums written$160.2 149.7 152.6 142.7 146.8 309.9 271.9 
Change in net premiums written, from comparable prior year period9 %20 27 28 39 14 31 
Net premiums earned$148.0 142.9 141.3 129.3 120.3 290.9 233.3 
Losses and loss expenses incurred87.2 88.0 90.0 68.0 76.2 175.1 140.3 
Net underwriting expenses incurred45.7 44.2 41.6 39.6 37.7 89.9 72.6 
GAAP underwriting income (loss)$15.2 10.7 9.7 21.7 6.5 25.9 20.5 
Net catastrophe losses$14.5 16.4 (2.9)6.7 14.3 30.9 19.2 
(Favorable) unfavorable prior year casualty reserve development— — 20.0 — — — — 
Underwriting ratios
Loss and loss expense ratio58.9 %61.6 63.6 52.5 63.3 60.2 60.1 
Underwriting expense ratio30.9 30.9 29.5 30.7 31.3 30.9 31.1 
Combined ratio89.8 %92.5 93.1 83.2 94.6 91.1 91.2 
Net catastrophe losses9.8 pts11.5 (2.0)5.2 11.9 10.6 8.2 
(Favorable) unfavorable prior year casualty reserve development— — 14.2 — — — — 
Combined ratio before net catastrophe losses80.0 %81.0 95.1 78.0 82.7 80.5 83.0 
Combined ratio before net catastrophe losses and prior year casualty development80.0 %81.0 80.9 78.0 82.7 80.5 83.0 
Other Statistics
Non-catastrophe property loss and loss expenses$13.1 13.4 15.2 12.9 15.6 26.5 29.9 
Non-catastrophe property loss and loss expenses8.8 pts9.4 10.8 10.0 13.0 9.1 12.8 
Direct new business$77.0 70.2 79.1 79.0 77.0 147.2 144.5 
Renewal pure price increases9.3 %8.7 8.2 8.0 6.4 9.0 5.9 
Note: Amounts may not foot due to rounding.

Page 10

Selective Insurance Group, Inc. & Consolidated Subsidiaries

EXCESS & SURPLUS LINES
GAAP LINE OF BUSINESS RESULTS
(Unaudited)

Quarter ended June 30, 2025Quarter ended June 30, 2024
($ in millions)CasualtyPropertyTotalCasualtyPropertyTotal
Net premiums written$93.9 66.2 160.2 86.6 60.3 146.8 
Net premiums earned87.4 60.6 148.0 73.9 46.4 120.3 
Underwriting income (loss)0.3 14.9 15.2 4.4 2.1 6.5 
Loss and loss expense ratio68.2 %45.5 58.9 62.6 64.4 63.3 
Underwriting expense ratio31.5 30.0 30.9 31.4 31.1 31.3 
Combined ratio99.7 %75.5 89.8 94.0 95.5 94.6 
Net catastrophe losses— %23.8 9.8 — 30.8 11.9 
(Favorable) unfavorable prior year casualty reserve development— pts— — — — — 
Combined ratio before net catastrophe losses and prior year casualty development99.7 %51.7 80.0 94.0 64.7 82.7 
Year-to-Date June 30, 2025Year-to-Date June 30, 2024
($ in millions)CasualtyPropertyTotalCasualtyPropertyTotal
Net premiums written$184.6 125.2 309.9 163.7 108.2 271.9 
Net premiums earned172.5 118.4 290.9 145.5 87.8 233.3 
Underwriting income (loss)(0.1)26.0 25.9 8.9 11.6 20.5 
Loss and loss expense ratio68.3 %48.4 60.2 62.7 55.9 60.1 
Underwriting expense ratio31.8 29.6 30.9 31.2 30.9 31.1 
Combined ratio100.1 %78.0 91.1 93.9 86.8 91.2 
Net catastrophe losses— 26.1 10.6 — 21.9 8.2 
(Favorable) unfavorable prior year casualty reserve development— %— — — — — 
Combined ratio before net catastrophe losses and prior year casualty development100.1 %51.9 80.5 93.9 64.9 83.0 
Note: Amounts may not foot due to rounding.


Page 11

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED INVESTMENT INCOME
(Unaudited)

Quarter endedYear-to-date
June 30,Mar. 31,Dec. 31,Sept. 30,June 30,June 30,June 30,
($ in millions)2025202520242024202420252024
Net investment income
Fixed income securities
Taxable$113.9 103.6 100.9 96.4 91.5 217.5 183.0 
Tax-exempt1.8 1.5 1.8 2.1 2.4 3.3 5.1 
Total fixed income securities115.7 105.1 102.7 98.5 93.9 220.8 188.0 
Commercial mortgage loans3.8 3.6 3.3 3.2 3.1 7.4 5.9 
Equity securities4.9 3.6 6.1 5.4 1.9 8.5 6.8 
Alternative investments4.0 7.1 10.6 9.0 10.5 11.1 17.4 
Other investments0.2 0.2 0.2 0.3 0.1 0.4 0.4 
Short-term investments5.3 6.2 5.6 6.5 4.7 11.5 8.2 
Investment income133.8 125.8 128.6 122.8 114.3 259.6 226.7 
Investment expenses(5.9)(5.1)(5.8)(5.0)(5.6)(11.0)(10.2)
Investment tax expense(26.5)(25.1)(25.5)(24.4)(22.4)(51.6)(44.6)
Total net investment income, after-tax$101.4 95.6 97.3 93.4 86.3 197.0 171.9 
Net realized and unrealized investment gains (losses), pre-tax$4.2 0.2 (8.0)5.4 1.3 4.4 (0.3)
Change in unrealized gains (losses) recognized in other comprehensive income, pre-tax$51.6 81.1 (164.6)228.0 (10.8)132.7 (26.9)
Average investment yields
Fixed income investments, pre-tax5.3 5.0 5.1 5.0 4.9 5.2 5.0 
Fixed income investments, after-tax4.2 4.0 4.0 4.0 3.9 4.1 3.9 
Total portfolio, pre-tax4.9 4.8 5.1 5.0 4.9 4.9 4.9 
Total portfolio, after-tax3.9 3.8 4.0 4.0 3.9 3.9 3.9 
Effective tax rate on net investment income20.7 20.8 20.7 20.7 20.6 20.8 20.6 
New money purchase rates for fixed income investments, pre-tax5.7 6.0 6.1 5.8 6.4 5.9 6.1 
New money purchase rates for fixed income investments, after-tax4.6 4.7 4.8 4.6 5.0 4.7 4.8 
Effective duration of fixed income investments including short-term (in years)4.2 4.1 4.0 3.9 3.9 4.2 3.9 
Note: Amounts may not foot due to rounding.
Page 12

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED COMPOSITION OF INVESTED ASSETS
(Unaudited)

June 30,Mar. 31,Dec. 31,Sept. 30,June 30,
20252025202420242024
($ in millions)AmountPercentAmountPercentAmountPercentAmountPercentAmountPercent
Fixed income securities, at fair value$8,901.1 84 %8,630.0 84 8,152.1 85 8,110.0 84 7,687.6 85 
Commercial mortgage loans, at fair value266.2 3 251.5 2 224.8 2 218.6 2 209.0 2 
Total fixed income investments9,167.3 87 8,881.5 86 8,376.9 87 8,328.7 86 7,896.6 87 
Short-term investments531.4 5 631.1 6 509.3 5 561.0 6 417.4 5 
Total fixed income and short-term investments9,698.8 92 9,512.6 92 8,886.2 92 8,889.7 92 8,314.0 92 
Equity securities, at fair value318.1 3 266.5 3 213.6 2 205.6 2 192.0 2 
Alternative investments435.0 4 411.1 4 440.9 5 432.0 4 414.8 5 
Other investments96.0 1 98.4 1 101.1 1 102.5 1 89.7 1 
Total investments$10,547.8 100  %10,288.6 100 9,641.8 100 9,629.8 100 9,010.5 100 
Fixed income investments, at carry value
U.S. government obligations$129.4 1 %134.5 2 120.2 1 125.4 2 151.0 2 
Foreign government obligations10.5 — 10.4 — 9.3 — 9.7 — 9.2 — 
Obligations of state and political subdivisions458.7 5 432.9 5 451.2 5 492.9 6 525.4 7 
Corporate securities3,338.6 36 3,262.5 37 3,093.6 37 3,048.7 37 2,865.4 36 
Collateralized loan obligations and other asset-backed securities2,276.2 25 2,197.2 25 2,033.1 24 1,946.4 23 1,916.1 24 
Residential mortgage-backed securities 1,943.6 21 1,852.1 21 1,692.4 20 1,740.0 21 1,504.0 19 
Commercial mortgage-backed securities 744.2 8 740.9 8 753.0 9 747.5 9 717.4 9 
Commercial mortgage loans271.9 3 257.7 3 233.7 3 223.6 3 219.5 3 
Total fixed income investments$9,173.1 100  %8,888.2 100 8,386.4 100 8,334.1 100 7,908.0 100 
Expected maturities of fixed income investments at carry value
Due in one year or less$587.8 6 %622.8 7 638.3 8 670.4 8 634.2 8 
Due after one year through five years3,802.7 41 3,723.8 42 3,692.6 44 3,764.6 45 3,622.6 46 
Due after five years through 10 years3,712.8 40 3,442.5 39 3,072.8 37 3,072.6 37 2,872.1 36 
Due after 10 years1,069.8 12 1,099.3 12 982.7 12 826.5 10 779.1 10 
Total fixed income investments$9,173.1 100  %8,888.2 100 8,386.4 100 8,334.1 100 7,908.0 100 
Weighted average credit quality of fixed income and short-term investments
Investment grade credit quality$9,351.7 96 %9,188.2 97 8,577.3 97 8,591.0 97 8,002.7 96 
Non-investment grade credit quality347.1 4 324.3 3 308.9 3 298.7 3 311.3 4 
Total fixed income and short-term investments, at fair value$9,698.8 100  %9,512.6 100 8,886.2 100 8,889.7 100 8,314.0 100 
Weighted average credit quality of fixed income and short-term investments A+ A+A+AA-AA-
Alternative investmentsJune 30, 2025
Current
Number ofOriginalRemainingMarket
StrategyFundsCommitmentCommitmentValue
Private equity69 $471.2 170.7 325.8 
Private credit20 169.5 99.1 62.1 
Real assets12 87.8 36.3 47.0 
Total101 $728.6 306.1 435.0 
Note: Amounts may not foot due to rounding.
Page 13

Selective Insurance Group, Inc. & Consolidated Subsidiaries
CREDIT QUALITY OF INVESTED ASSETS
(Unaudited)

At June 30, 2025 Credit Rating
($ in millions)Amortized CostFair
Value		% of Invested AssetsYield to WorstEffective Duration in YearsAverage Life in YearsAAAAAABBBNon-Investment GradeNot Rated
Fixed income investments:
U.S. government obligations146 129 1.2 4.6 5.9 8.4 — 129 — — — — 
Foreign government obligations12 11 0.1 4.8 4.7 5.5 1 2 5 4 — — 
State and municipal obligations491 459 4.3 4.8 7.4 10.5 77 222 150 10 — — 
Corporate securities3,381 3,339 31.7 5.2 4.7 6.2 12 357 1,445 1,330 195 — 
Mortgage-backed securities:
Residential mortgage-backed securities ("RMBS"):
Agency RMBS1,499 1,435 13.6 5.1 5.9 7.9 — 1,435 — — — — 
Non-agency RMBS530 508 4.8 5.6 3.9 5.3 443 37 21 8 — — 
Total RMBS2,029 1,944 18.4 5.3 5.3 7.2 443 1,472 21 8 — — 
Commercial mortgage-backed securities ("CMBS")
Agency CMBS157 151 1.4 4.6 4.5 5.8 5 145 — — — — 
Non-agency CMBS603 593 5.6 5.9 2.7 3.5 507 51 29 — 6 — 
Total CMBS760 744 7.1 5.6 3.1 3.9 513 197 29 — 6 — 
Total mortgage-backed securities2,790 2,688 25.5 5.4 4.7 6.3 956 1,668 50 8 6 — 
Collateralized loan obligations ("CLO") and other asset-backed securities ("ABS"):
CLOs952 942 8.9 6.2 2.3 4.6 562 226 48 46 31 28 
Commercial ABS491 485 4.6 3.4 2.4 3.0 83 68 278 54 2 — 
Consumer ABS410 408 3.9 2.0 0.9 1.4 269 87 47 5 — — 
Other ABS441 441 4.2 7.7 5.8 8.8 15 26 251 90 18 42 
Total CLOs and ABS2,295 2,276 21.6 6.2 3.3 5.2 929 406 624 195 52 70 
Total securitized assets5,085 4,964 47.1 5.7 4.1 5.8 1,884 2,075 674 203 57 70 
Commercial mortgage loans272 266 2.5 6.3 2.6 3.7 — 21 96 125 24 — 
Total fixed income investments9,386 9,167 86.9 5.5 4.4 6.1 1,973 2,806 2,370 1,672 276 71 
Short-term investments531 531 5.0 4.3 0.00.0531 — — — — — 
Total fixed income and short-term investments9,918 9,699 92.0 5.4 4.25.82,504 2,806 2,370 1,672 277 71 
Total fixed income securities and short-term investments by credit rating percentage25.8 %28.9 %24.4 %17.2 %2.9 %0.7 %
Equity securities:
Common stock(1)
309 316 3.0 — — — — — — — — 316 
Preferred stock2 2 — — — — — — — 2 — — 
Total equity securities311 318 3.0 — — — — — — 2 — 316 
Alternative investments
Private equity326 326 3.1 — — — — — — — — 326 
Private credit62 62 0.6 — — — — — — — — 62 
Real assets47 47 0.4 — — — — — — — — 47 
Total alternative investments435 435 4.1 — — — — — — — — 435 
Other investments 96 96 0.9 — — — — — — — — 96 
Total invested assets$10,760 $10,548 100.0 %— — — $2,504 $2,806 $2,370 $1,674 $277 $918 
(1) Includes investments in exchange traded funds, mutual funds, business development corporations, and real estate investment trusts.
Note: Amounts may not foot due to rounding.
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Selective Insurance Group, Inc. & Consolidated Subsidiaries

RECONCILIATION OF NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS TO NON-GAAP OPERATING INCOME (LOSS) AND CERTAIN OTHER NON-GAAP MEASURES
(Unaudited)

Quarter endedYear-to-date
June 30,Mar. 31,Dec. 31,Sept. 30,June 30,June 30,June 30,
($ in millions, except per share data)2025202520242024202420252024
Reconciliation of net income (loss) available to common stockholders to non-GAAP operating income (loss)
Net income (loss) available to common stockholders
$83.6 107.6 93.2 90.0 (65.6)191.2 14.6 
Net realized and unrealized investment (gains) losses included in net income, before tax(4.2)(0.2)8.0 (5.4)(1.3)(4.4)0.3 
Tax on reconciling items0.9 — (1.7)1.1 0.3 0.9 (0.1)
Non-GAAP operating income (loss)
$80.3 107.4 99.6 85.7 (66.6)187.8 14.9 
Reconciliation of net income (loss) available to common stockholders per diluted common share to non-GAAP operating income (loss) per diluted common share
Net income (loss) available to common stockholders per diluted common share
$1.36 1.76 1.52 1.47 (1.08)3.12 0.24 
Net realized and unrealized investment (gains) losses included in net income, before tax(0.07)— 0.13 (0.09)(0.02)(0.07)— 
Tax on reconciling items0.02 — (0.03)0.02 — 0.01 — 
Non-GAAP operating income (loss) per diluted common share
$1.31 1.76 1.62 1.40 (1.10)3.06 0.24 
Reconciliation of ROE to non-GAAP operating ROE
ROE10.7 14.4 12.7 12.6 (9.5)12.5 1.1 
Net realized and unrealized investment (gains) losses included in net income, before tax(0.5)— 1.1 (0.8)(0.2)(0.3)— 
Tax on reconciling items0.1 — (0.3)0.3 0.1 0.1 — 
Non-GAAP operating ROE10.3 14.4 13.5 12.1 (9.6)12.3 1.1 
Reconciliation of book value per common share to adjusted book value per common share
Book value per common share$52.09 50.33 47.99 48.82 44.74 52.09 44.74 
Total unrealized investment (gains) losses included in accumulated other comprehensive income (loss), before tax
3.03 3.88 5.21 2.50 6.25 3.03 6.25 
Tax on reconciling items(0.64)(0.82)(1.10)(0.52)(1.32)(0.64)(1.32)
Adjusted book value per common share$54.48 53.39 52.10 50.80 49.67 54.48 49.67 
Non-GAAP operating income (loss), non-GAAP operating income (loss) per diluted common share, and non-GAAP operating return on common equity are measures comparable to net income (loss) available to common stockholders, net income (loss) available to common stockholders per diluted common share, and return on common equity, respectively, but excludes after-tax net realized and unrealized gains and losses on investments included in net income (loss). Adjusted book value per common share is a measure comparable to book value per common share, but excludes total after-tax unrealized gains and losses on investments included in accumulated other comprehensive income (loss). These non-GAAP measures are used as important financial measures by management, analysts, and investors because the timing of realized and unrealized investment gains and losses on securities in any given period is largely discretionary. In addition, net realized and unrealized gains and losses on investments could distort the analysis of trends. These operating measurements are not intended as a substitute for net income (loss) available to common stockholders, net income (loss) available to common stockholders per diluted common share, return on common equity, and book value per common share prepared in accordance with U.S. generally accepted accounting principles (GAAP). Reconciliations of net income (loss) available to common stockholders, net income (loss) available to common stockholders per diluted common share, return on common equity, and book value per common share to non-GAAP operating income (loss), non-GAAP operating income (loss) per diluted common share, non-GAAP operating return on common equity, and adjusted book value per common share, respectively, are provided in the tables above.
Note: Amounts may not foot due to rounding.
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Selective Insurance Group, Inc. & Consolidated Subsidiaries

RATINGS AND CONTACT INFORMATION

Address:As of June 30, 2025
40 Wantage AvenueAM BestStandard & Poor'sMoody'sFitch
Branchville, NJ 07890Financial Strength Ratings:A+AA2A+
Preferred Stock Rating:n/aBB+Ba1BBB-
Corporate Website:Long-Term Debt Credit Rating:a-BBBBaa2BBB+
www.Selective.com
Investor Contact:REGISTRAR AND TRANSFER AGENT
Brad B. WilsonEQ Shareowner Services
Senior Vice PresidentP.O. Box 64854
Investor Relations & TreasurerSt. Paul, MN 55164
Phone: 973-948-1283866-877-6351
Brad.Wilson@Selective.com
Media Contact:
Jamie M. Beal
Vice President
Director of Communications
Phone: 973-948-1234
Jamie.Beal@Selective.com

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