Exhibit 99.2















selectiveinsurancergb.jpg


FINANCIAL SUPPLEMENT
THIRD QUARTER 2026



Forward-Looking Statements

Certain statements in this report, including information incorporated by reference, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA"). The PSLRA provides a safe harbor for forward-looking statements under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include our expectations, intentions, beliefs, projections, estimates, or forecasts regarding future events or financial performance. They involve known and unknown risks, uncertainties, and other factors that may cause our actual results, activity levels, or performance to differ materially from those expressed or implied in the forward-looking statements. In some cases, forward-looking statements may be identified by words such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “believe,” “intend,” “estimate,” “project,” “predict,” “potential,” “pro forma,” “seek,” “target,” “continue,” "outlook," "guidance," "forecast," "goal," "likely," or the negative of such terms or other variations or similar expressions. Our forward-looking statements are only predictions; we cannot guarantee that any stated expectation will occur or 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, 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;
•Geopolitical developments, including ongoing wars and conflicts such as the recent military conflict in the Middle East, which have contributed to volatility in global energy markets, international shipping activity, and financial markets, and may exacerbate inflationary pressures, supply chain disruption, and insurance loss costs;
•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
Sept. 30,June 30,Mar. 31,Dec. 31,Sept. 30,Sept. 30,Sept. 30,
($ and shares in millions, except per share data)2026202620262025202520262025
For Period Ended
Gross premiums written$1,340.0 1,421.9 1,422.5 1,318.0 1,419.3 4,184.4 4,344.3 
Net premiums written1,122.8 1,220.7 1,225.5 1,129.5 1,207.9 3,569.0 3,737.0 
Change in net premiums written, from comparable prior year period(7)%(5)(1)4 4 (4)6 
Underwriting income (loss), before-tax$37.4 24.4 21.2 76.0 16.7 83.0 59.9 
Net investment income earned, before-tax160.5 150.2 142.4 143.8 138.7 453.0 387.3 
Net realized and unrealized investment gains (losses), before-tax(19.4)12.0 (8.3)(4.1)8.1 (15.8)12.5 
Net income (loss)
128.7 129.4 97.7 155.2 115.3 355.7 311.2 
Net income (loss) available to common stockholders(1)
126.4 127.1 95.4 152.9 113.0 348.8 304.3 
Non-GAAP operating income (loss)(2)
141.7 117.6 101.9 156.2 106.7 361.3 294.4 
At Period End
Total assets$15,711.1 15,615.9 15,321.9 15,155.7 14,980.4 15,711.1 14,980.4 
Total invested assets11,486.7 11,576.9 11,391.2 11,302.4 11,051.5 11,486.7 11,051.5 
Stockholders' equity3,445.7 3,663.0 3,587.4 3,609.0 3,490.0 3,445.7 3,490.0 
Common stockholders' equity(3)
3,245.7 3,463.0 3,387.4 3,409.0 3,290.0 3,245.7 3,290.0 
Common shares outstanding59.0 59.6 59.9 60.1 60.4 59.0 60.4 
Per Share and Share Data
Net income (loss) available to common stockholders per common share (diluted)
$2.11 2.11 1.58 2.52 1.85 5.80 4.97 
Non-GAAP operating income (loss) per common share (diluted)(2)
2.37 1.95 1.69 2.57 1.75 6.01 4.81 
Weighted average common shares outstanding (diluted)59.9 60.2 60.5 60.7 61.0 60.2 61.2 
Book value per common share$55.02 58.13 56.58 56.74 54.46 55.02 54.46 
Adjusted book value per common share(2)
62.00 60.56 58.94 57.91 55.83 62.00 55.83 
Dividends paid per common share0.43 0.43 0.43 0.43 0.38 1.29 1.14 
Financial Ratios
Loss and loss expense ratio64.6 %67.2 67.0 63.2 67.9 66.2 67.2 
Underwriting expense ratio32.1 30.8 31.2 30.5 30.6 31.4 31.0 
Dividends to policyholders ratio0.1 — 0.1 0.1 0.1 0.1 0.1 
GAAP combined ratio96.8 %98.0 98.3 93.8 98.6 97.7 98.3 
Return on common stockholders' equity ("ROE")15.1 14.8 11.2 18.3 14.0 13.8 13.0 
Non-GAAP operating ROE(2)
16.9 13.7 12.0 18.7 13.2 14.3 12.6 
Debt to total capitalization20.7 19.7 20.1 20.0 20.5 20.7 20.5 
Net premiums written to policyholders' surplus1.25 1.30 1.35 1.36 1.42 1.25 1.42 
Invested assets per dollar of common stockholders' equity$3.54 3.34 3.36 3.32 3.36 3.54 3.36 
(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
Sept. 30,June 30,Mar. 31,Dec. 31,Sept. 30,Sept. 30,Sept. 30,
($ and shares in millions, except per share data)2026202620262025202520262025
Revenues
Net premiums earned$1,180.2 1,215.5 1,217.2 1,216.7 1,204.7 3,612.9 3,551.5 
Net investment income earned160.5 150.2 142.4 143.8 138.7 453.0 387.3 
Net realized and unrealized gains (losses)(19.4)12.0 (8.3)(4.1)8.1 (15.8)12.5 
Other income5.1 9.4 7.6 8.5 8.7 22.1 20.8 
Total revenues1,326.3 1,387.0 1,358.9 1,364.9 1,360.1 4,072.3 3,972.0 
Expenses
Loss and loss expense incurred762.7816.3 815.5 768.5 819.0 2,394.5 2,389.3 
Amortization of deferred policy acquisition costs241.4248.1 253.4 254.5 250.2 742.8 747.9 
Other insurance expenses143.8136.2 134.7 126.3 127.5 414.7375.2 
Interest expense13.213.2 13.2 13.2 13.3 39.736.1 
Corporate expenses3.110.5 17.9 6.3 4.4 31.530.1 
Total expenses1,164.2 1,224.2 1,234.7 1,168.8 1,214.4 3,623.1 3,578.5 
Income (loss) before income tax$162.1 162.8 124.2 196.1 145.7 449.1393.5 
Income tax expense (benefit)33.4 33.5 26.5 40.9 30.4 93.4 82.3 
Net income (loss)$128.7 129.4 97.7 155.2 115.3 355.7311.2 
Preferred stock dividends2.32.3 2.3 2.3 2.3 6.96.9 
Net income (loss) available to common stockholders
$126.4 127.1 95.4 152.9 113.0 348.8304.3
Net realized and unrealized investment (gains) losses, after tax(1)
15.4 (9.5)6.6 3.3 (6.4)12.5 (9.8)
Non-GAAP operating income (loss)(2)
$141.7 117.6 101.9 156.2 106.7 361.3 294.4 
Weighted average common shares outstanding (diluted)59.960.2 60.5 60.7 61.0 60.261.2 
Net income (loss) available to common stockholders per common share (diluted)
$2.11 2.11 1.58 2.52 1.85 5.80 4.97 
Non-GAAP operating income (loss) per common share (diluted)(2)
$2.37 1.95 1.69 2.57 1.75 6.01 4.81 
(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)

Sept. 30,June 30,Mar. 31,Dec. 31,Sept. 30,
($ in millions, except per share data)20262026202620252025
ASSETS
Investments
Fixed income securities, held-to-maturity, net of allowance for credit losses$21.9 20.1 21.3 23.9 24.2 
Fixed income securities, available-for-sale, at fair value, net of allowance for credit losses9,810.1 9,909.8 9,727.8 9,457.2 9,275.4 
Commercial mortgage loans, net of allowance for credit losses287.6 269.7 273.7 277.7 273.5 
Equity securities, at fair value359.1 413.1 388.3 384.4 380.1 
Short-term investments391.7 378.9 451.8 648.5 587.9 
Alternative investments505.2 473.9 431.4 418.5 417.1 
Other investments111.1 111.4 96.9 92.2 93.3 
Total investments

11,486.7 11,576.9 11,391.2 11,302.4 11,051.5 
Cash0.9 0.6 0.2 0.3 0.4 
Restricted cash14.4 10.4 10.7 17.6 23.7 
Accrued investment income104.3 101.6 93.7 92.0 86.8 
Premiums receivable, net of allowance for credit losses1,549.7 1,637.7 1,582.2 1,533.9 1,616.5 
Reinsurance recoverable, net of allowance for credit losses1,126.3 952.2 907.7 915.5 947.4 
Prepaid reinsurance premiums289.5 273.1 266.9 266.3 274.4 
Current federal income tax— 1.9 — — 0.6 
Deferred federal income tax214.5 137.9 133.7 110.9 113.0 
Property and equipment, net of accumulated depreciation and amortization130.4 116.5 109.9 106.4 102.4 
Deferred policy acquisition costs470.7 484.6 491.2 492.3 510.3 
Goodwill7.8 7.8 7.8 7.8 7.8 
Other assets315.7 314.8 326.7 310.2 245.4 
Total assets$15,711.1 15,615.9 15,321.9 15,155.7 14,980.4 
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Reserve for loss and loss expense$8,006.5 7,681.4 7,418.4 7,225.4 7,076.4 
Unearned premiums2,724.9 2,765.7 2,754.4 2,745.5 2,840.8 
Long-term debt901.5 901.0 901.4 901.9 902.3 
Current federal income tax4.2 — 44.8 16.9 — 
Accrued salaries and benefits141.3 122.2 115.2 140.8 131.8 
Other liabilities487.0 482.6 500.4 516.2 539.1 
Total liabilities
$12,265.3 11,953.0 11,734.6 11,546.7 11,490.4 
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 share212.6 212.5 212.4 212.0 211.9 
Additional paid-in capital619.1 614.7 605.6 591.3 584.4 
Retained earnings3,772.3 3,671.6 3,570.5 3,500.8 3,373.9 
Accumulated other comprehensive income (loss)
(491.8)(225.1)(222.6)(151.7)(167.3)
Treasury stock, at cost(866.4)(810.8)(778.5)(743.4)(712.9)
Total stockholders' equity$3,445.7 3,663.0 3,587.4 3,609.0 3,490.0 
Commitments and contingencies
Total liabilities and stockholders' equity$15,711.1 15,615.9 15,321.9 15,155.7 14,980.4 
Note: Amounts may not foot due to rounding.
Page 3


Selective Insurance Group, Inc. & Consolidated Subsidiaries

FINANCIAL METRICS
(Unaudited)

Quarter endedYear-to-date
Sept. 30,June 30,Mar. 31,Dec. 31,Sept. 30,Sept. 30,Sept. 30,
($ and shares in millions, except per share data)2026202620262025202520262025
Book value per common share
Common stockholders' equity$3,245.7 3,463.0 3,387.4 3,409.0 3,290.0 3,245.7 3,290.0 
Common shares issued and outstanding, at period end59.0 59.6 59.9 60.1 60.4 59.0 60.4 
Book value per common share$55.02 58.13 56.58 56.74 54.46 55.02 54.46 
Adjusted book value per common share(1)
62.00 60.56 58.94 57.91 55.83 62.00 55.83 
Financial results (after-tax)
Underwriting income (loss)29.5 19.3 16.8 60.0 13.2 65.6 47.3 
Net investment income127.3 119.2 113.1 114.2 110.0 359.6 307.0 
Interest expense and preferred stock dividends(12.7)(12.7)(12.7)(12.8)(12.8)(38.2)(35.4)
Corporate expense(2.4)(8.1)(15.2)(5.2)(3.7)(25.7)(24.5)
Net realized and unrealized investment gains (losses)(15.4)9.5 (6.6)(3.3)6.4 (12.5)9.8 
Total after-tax net income (loss) available to common stockholders126.4 127.1 95.4 152.9 113.0 348.8 304.3 
Return on average equity
Insurance segments3.5 %2.3 2.0 7.2 1.6 2.6 2.0 
Net investment income15.2 13.9 13.3 13.6 13.6 14.2 13.2 
Interest expense and preferred stock dividends(1.5)(1.5)(1.5)(1.5)(1.6)(1.5)(1.5)
Corporate expense(0.3)(1.0)(1.8)(0.6)(0.4)(1.0)(1.1)
Net realized and unrealized investment gains (losses)(1.8)1.1 (0.8)(0.4)0.8 (0.5)0.4 
ROE15.1 14.8 11.2 18.3 14.0 13.8 13.0 
Net realized and unrealized (gains) losses(2)
1.8 (1.1)0.8 0.4 (0.8)0.5 (0.4)
Non-GAAP Operating ROE(1)
16.9 %13.7 12.0 18.7 13.2 14.3 12.6 
Debt and total capitalization
Notes payable:
3.03% Borrowings from Federal Home Loan Bank of Indianapolis$60.0 60.0 60.0 60.0 60.0 60.0 60.0 
7.25% Senior Notes49.9 49.9 49.9 49.8 49.8 49.9 49.8 
5.90% Senior Notes396.7 396.6 396.4 396.3 396.2 396.7 396.2 
6.70% Senior Notes99.5 99.5 99.5 99.4 99.4 99.5 99.4 
5.375% Senior Notes292.9 292.8 292.8 292.7 292.6 292.9 292.6 
Finance lease obligations2.6 2.2 2.9 3.6 4.2 2.6 4.2 
Total debt901.5 901.0 901.4 901.9 902.3 901.5 902.3 
Stockholders' equity3,445.7 3,663.0 3,587.4 3,609.0 3,490.0 3,445.7 3,490.0 
Total capitalization$4,347.2 4,563.9 4,488.8 4,510.8 4,392.3 4,347.2 4,392.3 
Ratio of debt to total capitalization20.7 %19.7 20.1 20.0 20.5 20.7 20.5 
Policyholders' surplus$3,746.9 3,692.1 3,601.0 3,573.3 3,407.4 3,746.9 3,407.4 
(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
Sept. 30,June 30,Mar. 31,Dec. 31,Sept. 30,Sept. 30,Sept. 30,
($ in millions)2026202620262025202520262025
Underwriting results
Net premiums written$1,122.8 1,220.7 1,225.5 1,129.5 1,207.9 3,569.0 3,737.0 
Change in net premiums written, from comparable prior year period(7)%(5)(1)4 4 (4)6 
Net premiums earned$1,180.2 1,215.5 1,217.2 1,216.7 1,204.7 3,612.9 3,551.5 
Losses and loss expenses incurred762.7 816.3 815.5 768.5 819.0 2,394.5 2,389.3 
Net underwriting expenses incurred379.2 374.4 379.7 371.6 368.1 1,133.3 1,099.3 
Dividends to policyholders0.9 0.5 0.7 0.6 0.9 2.1 3.0 
GAAP underwriting income (loss)$37.4 24.4 21.2 76.0 16.7 83.0 59.9 
Net catastrophe losses$64.1 68.5 75.4 21.0 24.9 208.0 148.2 
(Favorable) unfavorable prior year casualty reserve development— — — — 40.0 — 90.0 
Underwriting ratios
Loss and loss expense ratio64.6 %67.2 67.0 63.2 67.9 66.2 67.2 
Underwriting expense ratio32.1 30.8 31.2 30.5 30.6 31.4 31.0 
Dividends to policyholders ratio0.1 — 0.1 0.1 0.1 0.1 0.1 
Combined ratio96.8 %98.0 98.3 93.8 98.6 97.7 98.3 
Net catastrophe losses5.4 pts5.6 6.2 1.7 2.1 5.8 4.2 
(Favorable) unfavorable prior year casualty reserve development— — — — 3.3 — 2.5 
Combined ratio before net catastrophe losses91.4 %92.4 92.1 92.1 96.5 91.9 94.1 
Combined ratio before net catastrophe losses and prior year casualty development91.4 %92.4 92.1 92.1 93.2 91.9 91.6 
Other Statistics
Non-catastrophe property loss and loss expenses$154.5 170.5 178.1 159.6 169.6 503.1 521.6 
Non-catastrophe property loss and loss expenses13.1 pts14.0 14.6 13.1 14.1 13.9 14.7 
Direct new business$202.8 206.1 214.0 223.7 233.2 622.8 732.3 
Renewal pure price increases5.6%6.5 7.2 8.3 9.6 6.4 9.9 
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
Sept. 30,June 30,Mar. 31,Dec. 31,Sept. 30,Sept. 30,Sept. 30,
($ in millions)2026202620262025202520262025
Underwriting results
Net premiums written$867.5 961.9 992.4 875.6 940.8 2,821.7 2,962.0 
Change in net premiums written, from comparable prior year period(8)%(6)(1)5 4 (5)6 
Net premiums earned$927.1 962.0 965.8 956.8 947.3 2,854.9 2,797.1 
Losses and loss expenses incurred600.3 652.2 656.8 586.9 658.0 1,909.3 1,906.4 
Net underwriting expenses incurred306.8 302.1 310.0 301.2 298.6 918.9 891.1 
Dividends to policyholders0.9 0.5 0.7 0.6 0.9 2.1 3.0 
GAAP underwriting income (loss)$19.2 7.2 (1.8)68.0 (10.2)24.6 (3.4)
Net catastrophe losses$42.4 48.7 57.2 12.8 15.0 148.3 85.7 
(Favorable) unfavorable prior year casualty reserve development— — — (15.0)35.0 — 80.0 
Underwriting ratios
Loss and loss expense ratio64.7 %67.8 68.0 61.3 69.5 66.8 68.1 
Underwriting expense ratio33.1 31.4 32.1 31.5 31.5 32.2 31.9 
Dividends to policyholders ratio0.1 0.1 0.1 0.1 0.1 0.1 0.1 
Combined ratio97.9 %99.3 100.2 92.9 101.1 99.1 100.1 
Net catastrophe losses4.6 pts5.1 5.9 1.3 1.6 5.2 3.1 
(Favorable) unfavorable prior year casualty reserve development— — — (1.6)3.7 — 2.9 
Combined ratio before net catastrophe losses93.3 %94.2 94.3 91.6 99.5 93.9 97.0 
Combined ratio before net catastrophe losses and prior year casualty development93.3 %94.2 94.3 93.2 95.8 93.9 94.1 
Other Statistics
Non-catastrophe property loss and loss expenses$107.1 122.9 127.8 110.4 118.7 357.8 379.4 
Non-catastrophe property loss and loss expenses11.6 pts12.8 13.2 11.5 12.5 12.5 13.6 
Direct new business$121.7 124.0 132.0 137.0 146.6 377.7 477.0 
Renewal pure price increases5.7 %6.5 7.1 7.5 8.9 6.4 8.9 
Retention82 81 82 82 82 81 82 
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 September 30, 2026Quarter ended September 30, 2025
GeneralCommercialCommercialWorkersGeneralCommercialCommercialWorkers
($ in millions)LiabilityAuto
Property(1)
CompensationBOPBondsOtherTotalLiabilityAuto
Property(1)
CompensationBOPBondsOtherTotal
Net premiums written$276.3 260.1 199.9 61.8 51.2 8.9 9.3 867.5 303.5 292.9 207.7 65.7 50.1 12.6 8.3 940.8 
Net premiums earned302.1 281.7 197.0 73.6 52.6 10.6 9.4 927.1 312.6 294.0 194.0 75.5 49.7 13.0 8.4 947.3 
Underwriting income (loss)(20.1)(5.8)33.3 0.3 5.7 0.9 4.7 19.2 (20.7)(51.8)56.5 (3.5)3.3 2.0 4.0 (10.2)
Loss and loss expense ratio73.8 %71.0 46.5 71.8 54.7 35.2 0.6 64.7 76.3 88.1 35.5 77.3 59.6 29.8 1.0 69.5 
Underwriting expense ratio32.8 31.0 36.6 26.3 34.6 55.8 49.3 33.1 30.3 29.5 35.4 26.4 33.8 54.9 51.2 31.5 
Dividend ratio— — — 1.5 — — — 0.1 — — — 0.9 — — — 0.1 
Combined ratio106.6 %102.0 83.1 99.6 89.3 91.0 49.9 97.9 106.6 117.6 70.9 104.6 93.4 84.7 52.2 101.1 
Net catastrophe losses— 0.7 18.5 — 8.0 — — 4.6 — 0.5 6.7 — 0.8 — — 1.6 
(Favorable) unfavorable prior year casualty reserve development— — — — — — — — — 11.9 — — — — — 3.7 
Combined ratio before net catastrophe losses and prior year casualty development106.6 %101.3 64.6 99.6 81.3 91.0 49.9 93.3 106.6 105.2 64.2 104.6 92.6 84.7 52.2 95.8 
Year-to-Date September 30, 2026Year-to-Date September 30, 2025
GeneralCommercialCommercialWorkersGeneralCommercialCommercialWorkers
($ in millions)LiabilityAuto
Property(1)
CompensationBOPBondsOtherTotalLiabilityAuto
Property(1)
CompensationBOPBondsOtherTotal
Net premiums written$938.5 851.5 597.7 221.1 155.2 28.9 28.8 2,821.7 979.1 918.5 611.9 234.9 151.3 40.6 25.9 2,962.0 
Net premiums earned935.9 869.5 597.1 235.3 156.8 32.6 27.6 2,854.9 913.1 866.4 571.6 236.6 145.0 39.6 25.0 2,797.1 
Underwriting income (loss)(63.6)(5.5)60.5 2.1 15.3 1.7 14.1 24.6 (68.0)(52.6)94.0 (11.1)15.9 5.8 12.6 (3.4)
Loss and loss expense ratio74.4 %70.4 55.0 72.9 56.6 36.4 0.6 66.8 75.9 76.2 48.8 77.5 55.7 29.3 0.7 68.1 
Underwriting expense ratio32.4 30.3 34.9 24.9 33.6 58.4 48.4 32.2 31.5 29.9 34.8 26.2 33.4 56.2 48.9 31.9 
Dividend ratio— — — 1.3 — — — 0.1 — — — 1.0 — — — 0.1 
Combined ratio106.8 %100.6 89.9 99.1 90.2 94.8 49.0 99.1 107.4 106.1 83.6 104.7 89.1 85.5 49.6 100.1 
Net catastrophe losses— 0.5 21.4 — 10.2 — — 5.2 — 0.8 11.1 — 10.5 — — 3.1 
(Favorable) unfavorable prior year casualty reserve development— — — — — — — — 2.2 6.9 — — — — — 2.9 
Combined ratio before net catastrophe losses and prior year casualty development106.8 %100.1 68.5 99.1 80.0 94.8 49.0 93.9 105.2 98.4 72.5 104.7 78.6 85.5 49.6 94.1 
(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
Sept. 30,June 30,Mar. 31,Dec. 31,Sept. 30,Sept. 30,Sept. 30,
($ in millions)2026202620262025202520262025
Underwriting results
Net premiums written$96.0 101.5 82.5 95.5 104.2 280.0 302.2 
Change in net premiums written, from comparable prior year period(8)%(8)(6)(8)(6)(7)(8)
Net premiums earned$95.3 97.6 100.0 100.6 101.5 293.0 307.6 
Losses and loss expenses incurred73.5 69.0 69.3 79.7 89.3 211.8 235.9 
Net underwriting expenses incurred24.9 24.2 23.6 23.9 22.5 72.6 71.3 
GAAP underwriting income (loss)$(3.0)4.4 7.2 (3.0)(10.2)8.5 0.3 
Net catastrophe losses$18.3 11.9 13.2 7.3 12.2 43.5 33.9 
(Favorable) unfavorable prior year casualty reserve development— — — 5.0 5.0 — 10.0 
Underwriting ratios
Loss and loss expense ratio77.1 %70.7 69.2 79.3 88.0 72.3 76.7 
Underwriting expense ratio26.1 24.8 23.6 23.7 22.1 24.8 23.2 
Combined ratio103.2 %95.5 92.8 103.0 110.1 97.1 99.9 
Net catastrophe losses19.2 pts12.2 13.2 7.2 12.0 14.8 11.0 
(Favorable) unfavorable prior year casualty reserve development— — — 5.0 4.9 — 3.3 
Combined ratio before net catastrophe losses84.0 %83.3 79.6 95.8 98.1 82.3 88.9 
Combined ratio before net catastrophe losses and prior year casualty development84.0 %83.3 79.6 90.8 93.2 82.3 85.6 
Other Statistics
Non-catastrophe property loss and loss expenses$30.7 31.2 29.3 33.3 39.9 91.1 104.7 
Non-catastrophe property loss and loss expenses32.2 pts31.9 29.2 33.1 39.3 31.1 34.0 
Direct new business$8.2 8.3 7.6 10.9 12.8 24.1 34.6 
Renewal pure price increases8.1 %8.9 10.6 15.1 16.9 9.3 19.8 
Retention80 79 78 80 79 79 77 
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 September 30, 2026Quarter ended September 30, 2025
PersonalPersonal
($ in millions)AutoHomeownersOtherTotalAutoHomeownersOtherTotal
Net premiums written$39.3 53.7 3.0 96.0 47.9 53.3 3.0 104.2 
Net premiums earned42.5 49.9 2.9 95.3 49.9 48.7 2.8 101.5 
Underwriting income (loss)(2.7)(4.6)4.2 (3.0)(12.3)(4.4)6.4 (10.2)
Loss and loss expense ratio79.0 %78.5 26.4 77.1 99.3 80.5 15.0 88.0 
Underwriting expense ratio27.4 30.7 (71.4)26.1 25.3 28.4 (140.4)22.1 
Combined ratio106.5 %109.2 (45.0)103.2 124.6 108.9 (125.4)110.1 
Net catastrophe losses2.3 34.9 — 19.2 0.6 24.3 — 12.0 
(Favorable) unfavorable prior year casualty reserve development— — — — 10.0 — — 4.9 
Combined ratio before net catastrophe losses and prior year casualty development104.2 %74.3 (45.0)84.0 114.0 84.6 (125.4)93.2 
Year-to-Date September 30, 2026Year-to-Date September 30, 2025
PersonalPersonal
($ in millions)AutoHomeownersOtherTotalAutoHomeownersOtherTotal
Net premiums written$121.1 149.6 9.2 280.0 146.0 147.7 8.6 302.2 
Net premiums earned133.9 149.9 9.3 293.0 154.2 145.0 8.4 307.6 
Underwriting income (loss)(5.1)0.8 12.8 8.5 (17.8)2.0 16.1 0.3 
Loss and loss expense ratio77.1 %70.3 36.2 72.3 86.0 70.6 11.6 76.7 
Underwriting expense ratio26.7 29.2 (74.1)24.8 25.5 28.0 (103.8)23.2 
Combined ratio103.8 %99.4 (37.9)97.1 111.5 98.6 (92.2)99.9 
Net catastrophe losses1.2 27.9 — 14.8 0.5 22.8 — 11.0 
(Favorable) unfavorable prior year casualty reserve development— — — — 6.5 — — 3.3 
Combined ratio before net catastrophe losses and prior year casualty development102.6 %71.5 (37.9)82.3 104.5 75.8 (92.2)85.6 
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
Sept. 30,June 30,Mar. 31,Dec. 31,Sept. 30,Sept. 30,Sept. 30,
($ in millions)2026202620262025202520262025
Underwriting results
Net premiums written$159.3 157.3 150.7 158.4 162.9 467.3 472.8 
Change in net premiums written, from comparable prior year period(2)%(2)1 4 14 (1)14 
Net premiums earned$157.8 155.8 151.4 159.3 155.9 465.0 446.8 
Losses and loss expenses incurred88.9 95.0 89.4 101.8 71.8 273.3 246.9 
Net underwriting expenses incurred47.5 48.1 46.1 46.5 47.0 141.8 136.9 
GAAP underwriting income (loss)$21.3 12.8 15.9 11.0 37.1 49.9 63.0 
Net catastrophe losses$3.3 7.9 5.0 0.9 (2.3)16.2 28.6 
(Favorable) unfavorable prior year casualty reserve development— — — 10.0 — — — 
Underwriting ratios
Loss and loss expense ratio56.4 %61.0 59.0 63.9 46.1 58.8 55.3 
Underwriting expense ratio30.1 30.8 30.5 29.2 30.1 30.5 30.6 
Combined ratio86.5 %91.8 89.5 93.1 76.2 89.3 85.9 
Net catastrophe losses2.1 pts5.1 3.3 0.6 (1.5)3.5 6.5 
(Favorable) unfavorable prior year casualty reserve development— — — 6.3 — — — 
Combined ratio before net catastrophe losses84.4 %86.7 86.2 92.5 77.7 85.8 79.4 
Combined ratio before net catastrophe losses and prior year casualty development84.4 %86.7 86.2 86.2 77.7 85.8 79.4 
Other Statistics
Non-catastrophe property loss and loss expenses$16.7 16.4 21.0 15.9 11.0 54.1 37.5 
Non-catastrophe property loss and loss expenses10.6 pts10.5 13.9 10.0 7.0 11.6 8.4 
Direct new business$72.8 73.8 74.4 75.8 73.9 221.0 220.8 
Renewal pure price increases1.5 %3.4 4.1 7.8 8.3 2.7 8.7 
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 September 30, 2026Quarter ended September 30, 2025
($ in millions)CasualtyPropertyTotalCasualtyPropertyTotal
Net premiums written$92.9 66.4 159.3 97.2 65.7 162.9 
Net premiums earned93.8 63.9 157.8 92.8 63.1 155.9 
Underwriting income (loss)(2.7)23.9 21.3 1.3 35.9 37.1 
Loss and loss expense ratio73.4 %31.4 56.4 68.0 13.8 46.1 
Underwriting expense ratio29.4 31.2 30.1 30.6 29.4 30.1 
Combined ratio102.8 %62.6 86.5 98.6 43.2 76.2 
Net catastrophe losses— 5.2 2.1 — (3.6)(1.5)
(Favorable) unfavorable prior year casualty reserve development— — — — — — 
Combined ratio before net catastrophe losses and prior year casualty development102.8 %57.4 84.4 98.6 46.8 77.7 
Year-to-Date September 30, 2026Year-to-Date September 30, 2025
($ in millions)CasualtyPropertyTotalCasualtyPropertyTotal
Net premiums written$276.9 190.4 467.3 281.8 190.9 472.8 
Net premiums earned276.0 189.0 465.0 265.3 181.5 446.8 
Underwriting income (loss)(10.9)60.9 49.9 1.1 61.9 63.0 
Loss and loss expense ratio73.5 %37.2 58.8 68.2 36.4 55.3 
Underwriting expense ratio30.4 30.6 30.5 31.4 29.5 30.6 
Combined ratio104.0 %67.8 89.3 99.6 65.9 85.9 
Net catastrophe losses— 8.6 3.5 — 15.8 6.5 
(Favorable) unfavorable prior year casualty reserve development— — — — — — 
Combined ratio before net catastrophe losses and prior year casualty development104.0 %59.2 85.8 99.6 50.1 79.4 
Note: Amounts may not foot due to rounding.


Page 11


Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED INVESTMENT INCOME
(Unaudited)

Quarter endedYear-to-date
Sept. 30,June 30,Mar. 31,Dec. 31,Sept. 30,Sept. 30,Sept. 30,
($ in millions)2026202620262025202520262025
Net investment income
Fixed income securities
Taxable$134.4 131.3 123.1 118.1 114.7 388.8 332.2 
Tax-exempt3.2 3.3 3.5 3.2 2.5 10.0 5.8 
Total fixed income securities137.6 134.6 126.6 121.3 117.2 398.9 338.1 
Commercial mortgage loans4.1 4.1 4.2 4.1 4.0 12.5 11.4 
Equity securities5.4 5.5 4.2 10.2 5.2 15.1 13.6 
Alternative investments15.2 8.6 6.9 9.5 11.8 30.7 22.9 
Other investments0.1 0.4 — 0.2 0.2 0.6 0.6 
Short-term investments3.4 3.2 5.5 5.1 5.7 12.1 17.2 
Investment income165.8 156.5 147.5 150.4 144.1 469.8 403.7 
Investment expenses(5.3)(6.3)(5.1)(6.5)(5.4)(16.8)(16.4)
Investment tax expense(33.2)(31.0)(29.3)(29.7)(28.7)(93.5)(80.3)
Total net investment income, after-tax$127.3 119.2 113.1 114.2 110.0 359.6 307.0 
Net realized and unrealized investment gains (losses), pre-tax$(19.4)12.0 (8.3)(4.1)8.1 (15.8)12.5 
Change in unrealized gains (losses) recognized in other comprehensive income, pre-tax$(338.4)(3.9)(90.6)16.4 79.3 (433.0)212.0 
Average investment yields
Fixed income investments, pre-tax5.6 %5.5 5.3 5.2 5.2 5.5 5.2 
Fixed income investments, after-tax4.4 4.4 4.2 4.1 4.1 4.4 4.1 
Total portfolio, pre-tax5.6 %5.2 5.0 5.1 5.1 5.3 5.0 
Total portfolio, after-tax4.4 4.2 4.0 4.1 4.1 4.2 3.9 
Effective tax rate on net investment income20.7 %20.6 20.6 20.6 20.7 20.6 20.7 
New money purchase rates for fixed income investments, pre-tax6.2 6.0 5.7 6.0 5.8 6.0 5.8 
New money purchase rates for fixed income investments, after-tax4.9 4.7 4.5 4.7 4.6 4.7 4.7 
Effective duration of fixed income investments including short-term (in years)4.5 4.3 4.3 4.1 4.1 4.5 4.1 
Note: Amounts may not foot due to rounding.
Page 12


Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED COMPOSITION OF INVESTED ASSETS
(Unaudited)

Sept. 30,June 30,Mar. 31,Dec. 31,Sept. 30,
20262026202620252025
($ in millions)AmountPercentAmountPercentAmountPercentAmountPercentAmountPercent
Fixed income securities, at fair value$9,831.0 86 %9,929.3 86 9,748.6 86 9,481.1 84 9,299.7 84 
Commercial mortgage loans, at fair value279.1 2 267.4 2 268.3 2 274.9 2 269.1 2 
Total fixed income investments10,110.1 88 10,196.7 88 10,016.8 88 9,756.0 86 9,568.8 87 
Short-term investments391.7 3 378.9 3 451.8 4 648.5 6 587.9 5 
Total fixed income and short-term investments10,501.8 92 10,575.6 91 10,468.6 92 10,404.6 92 10,156.7 92 
Equity securities, at fair value359.1 3 413.1 4 388.3 3 384.4 3 380.1 3 
Alternative investments505.2 4 473.9 4 431.4 4 418.5 4 417.1 4 
Other investments111.1 1 111.4 1 96.9 1 92.2 1 93.3 1 
Total investments$11,477.3 100  %11,574.0 100 11,385.2 100 11,299.7 100 11,047.2 100 
Fixed income investments, at carry value
U.S. government obligations$182.1 2 %159.7 2 176.8 2 163.2 2 143.4 1 
Foreign government obligations15.4 — 16.2 — 8.8 — 10.0 — 10.0 — 
Obligations of state and political subdivisions491.9 5 542.7 5 565.1 6 550.0 6 561.0 6 
Corporate securities3,775.7 37 3,662.1 36 3,554.7 35 3,428.1 35 3,383.5 35 
Collateralized loan obligations and other asset-backed securities2,505.4 25 2,615.4 26 2,571.2 26 2,550.3 26 2,478.7 26 
Residential mortgage-backed securities 2,253.2 22 2,284.7 22 2,168.9 22 2,075.9 21 1,998.9 21 
Commercial mortgage-backed securities 608.2 6 649.2 6 703.6 7 703.6 7 724.1 8 
Commercial mortgage loans287.6 3 269.7 3 273.7 3 277.7 3 273.5 3 
Total fixed income investments$10,119.5 100  %10,199.6 100 10,022.8 100 9,758.8 100 9,573.1 100 
Expected maturities of fixed income investments at carry value
Due in one year or less$506.2 5 %601.0 6 587.9 6 646.0 7 603.5 6 
Due after one year through five years3,581.5 35 3,775.6 37 4,093.5 41 3,963.9 41 3,811.7 40 
Due after five years through 10 years3,918.8 39 4,160.1 41 3,835.4 38 3,932.9 40 3,959.3 41 
Due after 10 years2,113.0 21 1,662.8 16 1,506.0 15 1,216.0 12 1,198.6 13 
Total fixed income investments$10,119.5 100  %10,199.6 100 10,022.8 100 9,758.8 100 9,573.1 100 
Weighted average credit quality of fixed income and short-term investments
Investment grade credit quality$10,125.3 96 %10,220.8 97 10,105.6 97 10,047.3 97 9,809.6 97 
Non-investment grade credit quality376.6 4 354.8 3 363.0 3 357.2 3 347.1 3 
Total fixed income and short-term investments, at fair value$10,501.8 100  %10,575.6 100 10,468.6 100 10,404.6 100 10,156.7 100 
Weighted average credit quality of fixed income and short-term investments A+ A+A+A+A+
Alternative investmentsSeptember 30, 2026
Current
Number ofOriginalRemainingMarket
StrategyFundsCommitmentCommitmentValue
Private equity74 $579.1 222.4 410.6 
Private credit24 148.3 89.4 45.3 
Real assets14 112.8 52.7 49.3 
Total112 $840.2 364.5 505.2 
Note: Amounts may not foot due to rounding.
Page 13


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

At September 30, 2026 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 obligations$208 $182 1.6 5.9 6.5 12.6 $— $182 $— $— $— $— 
Foreign government obligations17 15 0.1 6.1 5.5 6.9 1 2 4 9 — — 
State and municipal obligations541 492 4.3 5.7 8.1 14.0 62 251 169 10 — — 
Corporate securities3,981 3,775 32.9 6.3 5.1 7.2 28 474 1,722 1,386 165 — 
Mortgage-backed securities:
Residential mortgage-backed securities ("RMBS"):
Agency RMBS1,821 1,666 14.5 6.1 6.2 8.9 — 1,666 — — — — 
Non-agency RMBS627 588 5.1 6.2 4.3 6.3 492 63 27 4 2 1 
Total RMBS2,448 2,253 19.6 6.1 5.7 8.2 492 1,728 27 4 2 1 
Commercial mortgage-backed securities ("CMBS")
Agency CMBS121 111 1.0 5.6 5.5 7.7 2 109 — — — — 
Non-agency CMBS512 497 4.3 6.1 2.3 3.2 418 56 17 — 6 — 
Total CMBS634 608 5.3 6.0 2.9 4.1 420 165 17 — 6 — 
Total mortgage-backed securities3,082 2,861 24.9 6.1 5.1 7.3 912 1,893 44 4 8 1 
Collateralized loan obligations ("CLO") and other asset-backed securities ("ABS"):
CLOs771 749 6.5 7.0 1.0 2.8 363 189 92 47 18 40 
Commercial ABS675 649 5.7 3.7 2.3 3.1 94 98 399 59 — — 
Consumer ABS397 387 3.4 2.9 1.2 1.8 222 104 56 5 — — 
Other ABS733 720 6.3 0.8 0.5 0.7 13 64 354 166 55 69 
Total CLOs and ABS2,576 2,505 21.8 7.1 2.8 4.4 692 454 901 276 73 109 
Total securitized assets5,658 5,367 46.8 6.6 4.0 5.9 1,604 2,348 945 280 81 109 
Commercial mortgage loans290 279 2.4 6.5 2.5 3.2 — 21 114 123 21 — 
Total fixed income investments10,695 10,110 88.1 6.4 4.6 6.8 1,694 3,277 2,954 1,809 267 109 
Short-term investments392 392 3.4 3.9 0.00.0392 — — — — — 
Total fixed income and short-term investments11,087 10,502 91.5 6.3 4.56.62,086 3,277 2,954 1,809 267 109 
Total fixed income securities and short-term investments by credit rating percentage19.9 %31.2 %28.1 %17.2 %2.5 %1.0 %
Equity securities:
Common stock(1)
339 358 3.1 — — — — — — — — 358 
Preferred stock2 2 — — — — — — — 2 — — 
Total equity securities341 359 3.1 — — — — — — 2 — 358 
Alternative investments
Private equity411 411 3.6 — — — — — — — — 411 
Private credit45 45 0.4 — — — — — — — — 45 
Real assets49 49 0.4 — — — — — — — — 49 
Total alternative investments505 505 4.4 — — — — — — — — 505 
Other investments 111 111 1.0 — — — — — — — — 111 
Total invested assets$12,045 $11,477 100.0 %— — — $2,086 $3,277 $2,954 $1,810 $267 $1,083 
(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
Sept. 30,June 30,Mar. 31,Dec. 31,Sept. 30,Sept. 30,Sept. 30,
($ in millions, except per share data)2026202620262025202520262025
Reconciliation of net income (loss) available to common stockholders to non-GAAP operating income (loss)
Net income (loss) available to common stockholders
$126.4 127.1 95.4 152.9 113.0 348.8 304.3 
Net realized and unrealized investment (gains) losses included in net income, before tax19.4 (12.0)8.3 4.1 (8.1)15.8 (12.5)
Tax on reconciling items(4.1)2.5 (1.7)(0.8)1.7 (3.3)2.6 
Non-GAAP operating income (loss)
$141.7 117.6 101.9 156.2 106.7 361.3 294.4 
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
$2.11 2.11 1.58 2.52 1.85 5.80 4.97 
Net realized and unrealized investment (gains) losses included in net income, before tax0.32 (0.20)0.14 0.07 (0.13)0.26 (0.20)
Tax on reconciling items(0.06)0.04 (0.03)(0.02)0.03 (0.05)0.04 
Non-GAAP operating income (loss) per diluted common share
$2.37 1.95 1.69 2.57 1.75 6.01 4.81 
Reconciliation of ROE to non-GAAP operating ROE
ROE15.1 %14.8 11.2 18.3 14.0 13.8 13.0 
Net realized and unrealized investment (gains) losses included in net income, before tax2.3 (1.4)1.0 0.5 (1.0)0.6 (0.5)
Tax on reconciling items(0.5)0.3 (0.2)(0.1)0.2 (0.1)0.1 
Non-GAAP operating ROE16.9 %13.7 12.0 18.7 13.2 14.3 12.6 
Reconciliation of book value per common share to adjusted book value per common share
Book value per common share$55.02 58.13 56.58 56.74 54.46 55.02 54.46 
Total unrealized investment (gains) losses included in accumulated other comprehensive income (loss), before tax
8.84 3.07 2.99 1.47 1.73 8.84 1.73 
Tax on reconciling items(1.86)(0.64)(0.63)(0.30)(0.36)(1.86)(0.36)
Adjusted book value per common share$62.00 60.56 58.94 57.91 55.83 62.00 55.83 
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 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 September 30, 2026
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
Phone: 973-948-1283St. Paul, MN 55164
Brad.Wilson@Selective.com866-877-6351
Media Contact:
Jamie M. Beal
Vice President
Director of Communications
Phone: 973-948-1234
Jamie.Beal@Selective.com

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