Exhibit 99.2

FINANCIAL SUPPLEMENT

FOURTH QUARTER AND FULL YEAR 2023

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 known and unknown risks, uncertainties, and other factors that may cause our or our industry’s 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,” “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 affect investment values and, therefore, statutory surplus;

•The adequacy of our loss reserves and loss expense reserves;

•Frequency and severity of catastrophic events, including natural events that may be impacted by climate change, 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, or judicial conditions or actions;

•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;

•Related to COVID-19, we have successfully defended against payment of COVID-19-related business interruption losses based on our policies' terms, conditions, and exclusions. However, should the highest courts determine otherwise, our loss and loss expenses may increase, our related reserves may not be adequate, and our financial condition and liquidity may be materially impacted.

•Ongoing wars and conflicts impacting global economic, banking, commodity, and financial markets, exacerbating ongoing economic challenges, including inflation and supply chain disruption, which influences 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 harm to our brand in the marketplace, 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	1
Consolidated Statements of Operations	2
Consolidated Balance Sheets	3
Financial Metrics	4
Consolidated Insurance Operations Statement of Operations	5
Standard Commercial Lines Statement of Operations and Supplemental Data	6
Standard Commercial Lines GAAP Line of Business Results	7
Standard Personal Lines Statement of Operations and Supplemental Data	8
Standard Personal Lines GAAP Line of Business Results	9
Excess and Surplus Lines Statement of Operations and Supplemental Data	10
Excess and Surplus Lines GAAP Line of Business Results	11
Consolidated Investment Income	12
Consolidated Composition of Invested Assets	13
Credit Quality of Invested Assets	14
Reconciliation of Net Income Available to Common Stockholders to Non-GAAP Operating Income and Certain Other Non-GAAP Measures	15
Ratings and Contact Information	16

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED FINANCIAL HIGHLIGHTS

(Unaudited)

		Quarter ended							Year-to-date
		Dec. 31,			Sept. 30,	June 30,	Mar. 31,	Dec. 31,	Dec. 31,	Dec. 31,
($ and shares in millions, except per share data)		2023			2023	2023	2023	2022	2023	2022
For Period Ended
	Gross premiums written	$	1,149.7		1,223.5	1,238.1	1,138.2	988.3	4,749.5	4,100.8
	Net premiums written	991.5			1,058.3	1,084.9	999.8	849.7	4,134.5	3,573.6
	Change in net premiums written, from comparable prior year period	17		%	17	17	12	14	16	12
	Underwriting income (loss), before-tax	$	63.6		31.6	(1.5)	39.2	46.1	132.8	166.8
	Net investment income earned, before-tax	98.6			100.9	97.7	91.5	81.4	388.7	288.2
	Net realized and unrealized investment gains (losses), before-tax	5.4			(6.9)	(5.4)	3.3	(5.9)	(3.6)	(114.8)
	Net income	$	124.8		89.2	58.6	92.6	86.5	365.2	224.9
	Net income available to common stockholders(1)	122.5			86.9	56.3	90.3	84.2	356.0	215.7
	Non-GAAP operating income(2)	118.3			92.3	60.6	87.6	88.9	358.8	306.4
At Period End
	Total assets	11,802.5			11,428.0	11,217.2	11,015.0	10,802.3	11,802.5	10,802.3
	Total invested assets	8,693.7			8,195.9	8,133.2	8,029.4	7,837.5	8,693.7	7,837.5
	Stockholders' equity	2,954.4			2,644.4	2,671.4	2,669.4	2,527.6	2,954.4	2,527.6
	Common stockholders' equity(3)	2,754.4			2,444.4	2,471.4	2,469.4	2,327.6	2,754.4	2,327.6
	Common shares outstanding	60.6			60.6	60.6	60.5	60.3	60.6	60.3
Per Share and Share Data
	Net income available to common stockholders per common share (diluted)	$	2.01		1.42	0.92	1.48	1.38	5.84	3.54
	Non-GAAP operating income per common share (diluted)(2)	1.94			1.51	0.99	1.44	1.46	5.89	5.03
	Weighted average common shares outstanding (diluted)	61.0			61.0	60.9	60.9	60.9	61.0	60.9
	Book value per common share	$	45.42		40.35	40.81	40.82	38.57	45.42	38.57
	Adjusted book value per common share(2)	50.03			48.54	47.34	46.61	45.49	50.03	45.49
	Dividends paid per common share	0.35			0.30	0.30	0.30	0.30	1.25	1.14
Financial Ratios
	Loss and loss expense ratio	62.4		%	65.8	68.6	62.9	62.4	64.9	62.7
	Underwriting expense ratio	31.1			30.9	31.4	32.6	32.1	31.4	32.3
	Dividends to policyholders ratio	0.2			0.1	0.2	0.2	0.2	0.2	0.1
	GAAP combined ratio	93.7		%	96.8	100.2	95.7	94.7	96.5	95.1
	Return on common stockholders' equity ("ROE")	18.9			14.1	9.1	15.1	14.8	14.3	8.8
	Non-GAAP operating ROE(2)	18.2			15.0	9.8	14.6	15.6	14.4	12.4
	Debt to total capitalization	14.6			16.0	15.9	15.9	16.6	14.6	16.6
	Net premiums written to policyholders' surplus	1.51			1.53	1.52	1.46	1.44	1.51	1.44
	Invested assets per dollar of common stockholders' equity	$	3.16		3.35	3.29	3.25	3.37	3.16	3.37
(1)	Net income available to common stockholders is net income 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 ended						Year-to-date
		Dec. 31,		Sept. 30,	June 30,	Mar. 31,	Dec. 31,	Dec. 31,		Dec. 31,
($ and shares in millions, except per share data)		2023		2023	2023	2023	2022	2023		2022
Revenues
	Net premiums earned	$	1,001.2	981.9	942.2	902.3	872.8	$	3,827.6	3,373.4
	Net investment income earned	98.6		100.9	97.7	91.5	81.4	388.7		288.2
	Net realized and unrealized gains (losses)	5.4		(6.9)	(5.4)	3.3	(5.9)	(3.6)		(114.8)
	Other income	5.5		5.2	6.1	2.6	3.8	19.4		11.3
	Total revenues	1,110.7		1,081.1	1,040.5	999.8	952.2	4,232.1		3,558.1
Expenses
	Loss and loss expense incurred	624.8		645.9	646.1	567.4	544.8	2,484.3		2,111.8
	Amortization of deferred policy acquisition costs	210.5		201.1	194.8	189.8	183.6	796.2		705.8
	Other insurance expenses	107.8		108.5	108.9	108.6	102.0	433.7		400.3
	Interest expense	7.2		7.2	7.3	7.2	7.2	28.8		28.8
	Corporate expenses	3.4		5.9	9.3	12.1	6.7	30.7		31.1
	Total expenses	953.7		968.6	966.4	885.1	844.4	3,773.7		3,277.9
Income before federal income tax		157.0		112.5	74.2	114.8	107.8	458.4		280.2
Federal income tax expense		32.1		23.3	15.5	22.2	21.2	93.2		55.3
Net Income		124.8		89.2	58.6	92.6	86.5	365.2		224.9
Preferred stock dividends		2.3		2.3	2.3	2.3	2.3	9.2		9.2
Net income available to common stockholders		122.5		86.9	56.3	90.3	84.2	356.0		215.7
Net realized and unrealized investment (gains) losses, after tax(1)		(4.3)		5.4	4.3	(2.6)	4.7	2.8		90.7
Non-GAAP operating income(2)		$	118.2	92.3	60.6	87.6	88.9	$	358.7	306.4
Weighted average common shares outstanding (diluted)		61.0		61.0	60.9	60.9	60.9	61.0		60.9
Net income available to common stockholders per common share (diluted)		$	2.01	1.42	0.92	1.48	1.38	$	5.84	3.54
Non-GAAP operating income per common share (diluted)(2)		$	1.94	1.51	0.99	1.44	1.46	$	5.89	5.03
(1)	Amounts are provided to reconcile net income available to common stockholders to non-GAAP operating income.
(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)

			Dec. 31,		Sept. 30,	June 30,	Mar. 31,	Dec. 31,
($ in millions, except per share data)			2023		2023	2023	2023	2022
ASSETS
Investments
	Fixed income securities, held-to-maturity, net of allowance for credit losses		$	22.7	23.2	23.7	24.7	31.2
	Fixed income securities, available-for-sale, at fair value, net of allowance for credit losses		7,499.2		7,027.1	7,032.3	6,964.5	6,612.1
	Commercial mortgage loans, net of allowance for credit losses		188.4		185.9	175.4	157.2	149.2
	Equity securities, at fair value		187.2		125.6	121.6	132.2	162.0
	Short-term investments		309.3		315.0	319.5	302.8	440.5
	Alternative investments		395.8		446.8	389.2	380.0	371.3
	Other investments		91.2		72.2	71.5	68.1	71.2
		Total investments	8,693.7		8,195.9	8,133.2	8,029.4	7,837.5
Cash			0.2		0.1	0.4	0.1	—
Restricted cash			13.1		13.2	20.9	35.5	25.2
Accrued investment income			66.3		62.2	59.4	57.3	59.2
Premiums receivable, net of allowance for credit losses			1,313.1		1,330.0	1,286.5	1,154.2	1,085.7
Reinsurance recoverable, net of allowance for credit losses			656.8		685.3	646.8	667.0	782.8
Prepaid reinsurance premiums			203.3		205.2	190.4	174.6	172.4
Current federal income tax			—		—	—	—	3.5
Deferred federal income tax			140.2		199.3	171.9	158.1	172.7
Property and equipment, net of accumulated depreciation and amortization			83.3		81.4	81.3	83.4	84.3
Deferred policy acquisition costs			424.9		425.8	413.8	387.9	368.6
Goodwill			7.8		7.8	7.8	7.8	7.8
Other assets			199.8		221.7	204.8	259.5	202.5
		Total assets	$	11,802.5	11,428.0	11,217.2	11,015.0	10,802.3
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Reserve for loss and loss expense			$	5,336.9	5,301.4	5,177.0	5,099.5	5,144.8
Unearned premiums			2,330.7		2,342.2	2,251.0	2,092.4	1,992.8
Long-term debt			503.9		504.6	503.6	504.2	504.7
Current federal income tax			6.3		2.5	2.6	20.3	—
Accrued salaries and benefits			122.0		114.2	92.0	88.8	115.2
Other liabilities			548.4		518.6	519.6	540.5	517.2
		Total liabilities	$	8,848.2	8,783.5	8,545.8	8,345.6	8,274.7
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 share			210.4		210.3	210.3	210.1	209.7
Additional paid-in capital			522.7		516.9	512.0	502.7	493.5
Retained earnings			3,029.4		2,928.2	2,859.6	2,821.6	2,749.7
Accumulated other comprehensive income (loss)			(373.0)		(575.9)	(475.7)	(430.3)	(498.0)
Treasury stock, at cost			(635.2)		(635.1)	(634.8)	(634.7)	(627.3)
		Total stockholders' equity	$	2,954.4	2,644.4	2,671.4	2,669.4	2,527.6
Commitments and contingencies
		Total liabilities and stockholders' equity	$	11,802.5	11,428.0	11,217.2	11,015.0	10,802.3
Note: Amounts may not foot due to rounding.

Page 3

Selective Insurance Group, Inc. & Consolidated Subsidiaries

FINANCIAL METRICS

(Unaudited)

			Quarter ended							Year-to-date
			Dec. 31,			Sept. 30,	June 30,	Mar. 31,	Dec. 31,	Dec. 31,	Dec. 31,
($ and shares in millions, except per share data)			2023			2023	2023	2023	2022	2023	2022
Book value per common share
		Common stockholders' equity	$	2,754.4		2,444.4	2,471.4	2,469.4	2,327.6	2,754.4	2,327.6
		Common shares issued and outstanding, at period end	60.6			60.6	60.6	60.5	60.3	60.6	60.3
		Book value per common share	$	45.42		40.35	40.81	40.82	38.57	45.42	38.57
		Adjusted book value per common share(2)	50.03			48.54	47.34	46.61	45.49	50.03	45.49
Financial results (after-tax)
		Underwriting income (loss)	50.2			25.0	(1.2)	31.0	36.4	104.9	131.8
		Net investment income	78.4			80.2	77.8	73.1	65.5	309.5	232.2
		Interest expense and preferred stock dividends	(8.0)			(8.0)	(8.0)	(8.0)	(8.0)	(32.0)	(32.0)
		Corporate expense	(2.4)			(4.9)	(8.0)	(8.4)	(5.0)	(23.7)	(25.6)
		Net realized and unrealized investment gains (losses)	4.3			(5.4)	(4.3)	2.6	(4.7)	(2.8)	(90.7)
		Total after-tax net income available to common stockholders	122.5			86.9	56.3	90.3	84.2	356.0	215.7
Return on average equity
		Insurance segments	7.7		%	4.1	(0.2)	5.2	6.4	4.2	5.4
		Net investment income	12.1			13.1	12.6	12.2	11.5	12.4	9.4
		Interest expense and preferred stock dividends	(1.2)			(1.3)	(1.3)	(1.3)	(1.4)	(1.3)	(1.3)
		Corporate expense	(0.4)			(0.9)	(1.3)	(1.5)	(0.9)	(0.9)	(1.1)
		Net realized and unrealized investment gains (losses)	0.7			(0.9)	(0.7)	0.5	(0.8)	(0.1)	(3.6)
		ROE	18.9			14.1	9.1	15.1	14.8	14.3	8.8
		Net realized and unrealized (gains) losses(1)	(0.7)			0.9	0.7	(0.5)	0.8	0.1	3.6
		Non-GAAP Operating ROE(2)	18.2		%	15.0	9.8	14.6	15.6	14.4	12.4
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 Notes	49.8			49.8	49.8	49.8	49.8	49.8	49.8
		6.70% Senior Notes	99.3			99.3	99.3	99.3	99.3	99.3	99.3
		5.375% Senior Notes	292.2			292.1	292.0	292.0	291.9	292.2	291.9
		Finance Lease Obligations	2.6			3.4	2.5	3.1	3.7	2.6	3.7
	Total debt		503.9			504.6	503.6	504.2	504.7	503.9	504.7
	Stockholders' equity		2,954.4			2,644.4	2,671.4	2,669.4	2,527.6	2,954.4	2,527.6
	Total capitalization		$	3,458.3		3,149.0	3,175.0	3,173.6	3,032.2	3,458.3	3,032.2
	Ratio of debt to total capitalization		14.6		%	16.0	15.9	15.9	16.6	14.6	16.6
Policyholders' surplus			$	2,742.3		2,612.5	2,525.2	2,518.3	2,473.7	2,742.3	2,473.7
(1)		Amounts are provided to reconcile ROE to non-GAAP operating ROE.
(2)		Non-GAAP measure. Refer to Page 15 for definition.
		Note: Amounts may not foot due to rounding.

Page 4

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED INSURANCE OPERATIONS

STATEMENT OF OPERATIONS

(Unaudited)

		Quarter ended							Year-to-date
		Dec. 31,			Sept. 30,	June 30,	Mar. 31,	Dec. 31,	Dec. 31,	Dec. 31,
($ in millions)		2023			2023	2023	2023	2022	2023	2022
Underwriting results
Net premiums written		$	991.5		1,058.3	1,084.9	999.8	849.7	4,134.5	3,573.6
Change in net premiums written, from comparable prior year period		17		%	17	17	12	14	16	12
Net premiums earned		$	1,001.2		981.9	942.2	902.3	872.8	3,827.6	3,373.4
Losses and loss expenses incurred		624.8			645.9	646.1	567.4	544.8	2,484.3	2,111.8
Net underwriting expenses incurred		311.1			303.1	295.7	293.9	280.5	1,203.8	1,089.9
Dividends to policyholders		1.8			1.4	1.8	1.8	1.3	6.8	4.9
GAAP underwriting income (loss)		$	63.6		31.6	(1.5)	39.2	46.1	132.8	166.8
Net catastrophe losses		$	24.6		64.6	100.0	55.3	45.7	244.5	145.9
(Favorable) unfavorable prior year casualty reserve development		10.0			—	(3.5)	(13.0)	(38.0)	(6.5)	(86.0)
Underwriting ratios
Loss and loss expense ratio		62.4		%	65.8	68.6	62.9	62.4	64.9	62.7
Underwriting expense ratio		31.1			30.9	31.4	32.6	32.1	31.4	32.3
Dividends to policyholders ratio		0.2			0.1	0.2	0.2	0.2	0.2	0.1
	Combined ratio	93.7		%	96.8	100.2	95.7	94.7	96.5	95.1
Net catastrophe losses		2.5		pts	6.6	10.6	6.1	5.2	6.4	4.3
(Favorable) unfavorable prior year casualty reserve development		1.0			—	(0.4)	(1.4)	(4.4)	(0.2)	(2.5)
	Combined ratio before net catastrophe losses	91.2		%	90.2	89.6	89.6	89.5	90.1	90.8
	Combined ratio before net catastrophe losses and prior year casualty development	90.2		%	90.2	90.0	91.0	93.9	90.3	93.3
Other Statistics
Non-catastrophe property loss and loss expenses		$	172.1		172.8	157.2	148.2	161.4	650.4	617.9
Non-catastrophe property loss and loss expenses		17.2		pts	17.6	16.7	16.4	18.5	17.0	18.3
Direct new business		$	232.7		232.3	241.6	216.9	188.2	923.5	731.7
Renewal pure price increases		7.4		%	7.0	6.4	6.6	5.3	6.8	5.1
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 ended							Year-to-date
		Dec. 31,			Sept. 30,	June 30,	Mar. 31,	Dec. 31,	Dec. 31,	Dec. 31,
($ in millions)		2023			2023	2023	2023	2022	2023	2022
Underwriting results
Net premiums written		$	764.3		833.6	870.1	813.3	676.6	3,281.3	2,902.0
Change in net premiums written, from comparable prior year period		13		%	15	14	10	13	13	12
Net premiums earned		$	792.1		785.3	762.7	731.6	705.7	3,071.8	2,739.8
Losses and loss expenses incurred		482.6			493.8	495.5	447.3	439.3	1,919.2	1,684.0
Net underwriting expenses incurred		252.9			248.9	243.2	243.6	232.9	988.5	907.3
Dividends to policyholders		1.8			1.4	1.8	1.8	1.3	6.8	4.9
GAAP underwriting income (loss)		$	54.9		41.3	22.1	38.9	32.1	157.3	143.7
Net catastrophe losses		$	16.1		36.7	62.6	35.1	40.2	150.5	95.6
(Favorable) unfavorable prior year casualty reserve development		5.0			(3.0)	(7.5)	(10.0)	(33.0)	(15.5)	(81.0)
Underwriting ratios
Loss and loss expense ratio		61.0		%	62.8	65.0	61.2	62.3	62.5	61.5
Underwriting expense ratio		31.9			31.7	31.9	33.3	33.0	32.2	33.1
Dividends to policyholders ratio		0.2			0.2	0.2	0.2	0.2	0.2	0.2
	Combined ratio	93.1		%	94.7	97.1	94.7	95.5	94.9	94.8
Net catastrophe losses		2.0		pts	4.7	8.2	4.8	5.7	4.9	3.5
(Favorable) unfavorable prior year casualty reserve development		0.6			(0.4)	(1.0)	(1.4)	(4.7)	(0.5)	(3.0)
	Combined ratio before net catastrophe losses	91.1		%	90.0	88.9	89.9	89.8	90.0	91.3
	Combined ratio before net catastrophe losses and prior year casualty development	90.5		%	90.4	89.9	91.3	94.5	90.5	94.3
Other Statistics
Non-catastrophe property loss and loss expenses		$	122.0		122.8	111.4	105.5	116.5	461.6	461.1
Non-catastrophe property loss and loss expenses		15.4		pts	15.6	14.6	14.4	16.5	15.0	16.8
Direct new business		$	145.2		145.5	159.1	147.7	126.8	597.5	512.5
Renewal pure price increases		7.3		%	7.1	6.7	7.0	5.6	7.0	5.4
Retention		86			86	85	86	86	85	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 December 31, 2023										Quarter ended December 31, 2022
	General			Commercial	Commercial	Workers					General	Commercial	Commercial	Workers
($ in millions)	Liability			Auto	Property(1)	Compensation	BOP	Bonds	Other	Total	Liability	Auto	Property(1)	Compensation	BOP	Bonds	Other	Total
Net premiums written	$	248.2		226.8	154.9	73.5	42.7	10.7	7.4	764.3	221.6	200.9	121.5	80.2	35.4	10.5	6.6	676.6
Net premiums earned	261.0			239.1	157.1	79.1	37.0	11.5	7.4	792.1	234.5	213.0	123.8	85.8	30.8	11.2	6.7	705.7
Loss and loss expense ratio	77.4		%	73.1	48.9	3.7	62.9	25.6	(0.5)	61.0	55.7	78.0	66.6	31.0	98.6	27.9	0.3	62.3
Underwriting expense ratio	31.4			29.0	35.4	27.1	38.7	57.6	48.7	31.9	31.9	30.0	39.3	26.0	44.4	56.2	48.4	33.0
Dividend ratio	0.1			0.2	0.3	0.5	—	—	0.2	0.2	0.1	0.1	0.3	0.6	—	—	—	0.2
Combined ratio	108.9		%	102.3	84.6	31.3	101.6	83.2	48.4	93.1	87.7	108.1	106.2	57.6	143.0	84.1	48.7	95.5
Underwriting income (loss)	$	(23.3)		(5.5)	24.1	54.3	(0.6)	1.9	3.8	54.9	28.8	(17.3)	(7.6)	36.3	(13.2)	1.8	3.4	32.1
	Year-to-Date December 31, 2023										Year-to-Date December 31, 2022
	General			Commercial	Commercial	Workers					General	Commercial	Commercial	Workers
($ in millions)	Liability			Auto	Property(1)	Compensation	BOP	Bonds	Other	Total	Liability	Auto	Property(1)	Compensation	BOP	Bonds	Other	Total
Net premiums written	$	1,087.1		976.9	648.8	338.1	152.9	47.4	30.2	3,281.3	958.1	860.1	535.7	340.8	133.1	47.2	26.9	2,902.0
Net premiums earned	1,020.4			916.1	586.3	333.7	140.5	46.2	28.6	3,071.8	902.4	812.3	495.6	336.0	124.5	43.4	25.7	2,739.8
Loss and loss expense ratio	61.4		%	73.8	61.6	43.9	69.5	24.9	(0.1)	62.5	55.6	77.0	63.7	45.8	69.5	4.7	0.4	61.5
Underwriting expense ratio	31.6			29.8	36.4	26.3	36.5	56.9	50.8	32.2	32.8	30.8	37.6	26.1	38.5	58.8	51.8	33.1
Dividend ratio	0.1			0.1	0.2	1.2	—	—	0.1	0.2	—	—	0.1	1.0	—	—	—	0.2
Combined ratio	93.1		%	103.7	98.2	71.4	106.0	81.8	50.8	94.9	88.4	107.8	101.4	72.9	108.0	63.5	52.2	94.8
Underwriting income (loss)	$	70.8		(33.7)	10.8	95.4	(8.4)	8.4	14.1	157.3	104.5	(63.1)	(7.0)	91.1	(9.9)	15.8	12.3	143.7
(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 ended							Year-to-date
		Dec. 31,			Sept. 30,	June 30,	Mar. 31,	Dec. 31,	Dec. 31,	Dec. 31,
($ in millions)		2023			2023	2023	2023	2022	2023	2022
Underwriting results
Net premiums written		$	107.0		113.2	109.1	85.3	84.6	414.6	319.1
Change in net premiums written, from comparable prior year period		27		%	30	32	31	20	30	9
Net premiums earned		$	101.0		95.2	87.2	81.9	77.8	365.2	299.4
Losses and loss expenses incurred		92.5			99.5	88.0	73.2	58.7	353.2	231.1
Net underwriting expenses incurred		25.5			21.8	22.2	21.8	19.0	91.3	75.5
GAAP underwriting income (loss)		$	(17.0)		(26.1)	(23.1)	(13.1)	—	(79.3)	(7.2)
Net catastrophe losses		$	9.2		24.4	21.2	14.6	4.1	69.3	40.8
(Favorable) unfavorable prior year casualty reserve development		5.0			3.0	4.0	2.0	—	14.0	—
Underwriting ratios
Loss and loss expense ratio		91.7		%	104.5	101.0	89.4	75.4	96.7	77.2
Underwriting expense ratio		25.2			22.9	25.5	26.6	24.5	25.0	25.2
	Combined ratio	116.9		%	127.4	126.5	116.0	99.9	121.7	102.4
Net catastrophe losses		9.1		pts	25.6	24.3	17.9	5.3	19.0	13.6
(Favorable) unfavorable prior year casualty reserve development		5.0			3.2	4.6	2.4	—	3.8	—
	Combined ratio before net catastrophe losses	107.8		%	101.8	102.2	98.1	94.6	102.7	88.8
	Combined ratio before net catastrophe losses and prior year casualty development	102.8		%	98.6	97.6	95.7	94.6	98.9	88.8
Other Statistics
Non-catastrophe property loss and loss expenses		$	42.8		42.5	37.8	33.8	35.6	156.9	117.1
Non-catastrophe property loss and loss expenses		42.4		pts	44.7	43.3	41.3	45.7	43.0	39.1
Direct new business		$	26.0		31.6	32.5	26.3	22.4	116.5	62.9
Renewal pure price increases		8.9		%	6.1	3.4	1.8	1.0	5.2	0.7
Retention		87			88	88	87	87	87	85
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 December 31, 2023						Quarter ended December 31, 2022
	Personal						Personal
($ in millions)	Auto			Homeowners	Other	Total	Auto	Homeowners	Other	Total
Net premiums written	$	56.6		46.7	3.7	107.0	46.0	35.7	2.9	84.6
Net premiums earned	55.0			42.7	3.3	101.0	42.5	32.8	2.5	77.8
Loss and loss expense ratio	107.4		%	75.6	37.0	91.7	82.8	70.6	13.8	75.4
Underwriting expense ratio	27.1			28.7	(51.1)	25.2	29.7	30.5	(141.2)	24.5
Combined ratio	134.5		%	104.3	(14.1)	116.9	112.5	101.1	(127.4)	99.9
Underwriting income (loss)	$	(18.9)		(1.8)	3.8	(17.0)	(5.3)	(0.4)	5.7	—
	Year-to-Date December 31, 2023						Year-to-Date December 31, 2022
	Personal						Personal
($ in millions)	Auto			Homeowners	Other	Total	Auto	Homeowners	Other	Total
Net premiums written	$	224.9		177.6	12.1	414.6	174.0	136.1	9.0	319.1
Net premiums earned	200.0			154.8	10.4	365.2	162.9	128.2	8.3	299.4
Loss and loss expense ratio	97.9		%	99.7	28.9	96.7	78.1	81.0	(0.1)	77.2
Underwriting expense ratio	28.1			28.9	(93.3)	25.0	29.4	30.0	(131.1)	25.2
Combined ratio	126.0		%	128.6	(64.4)	121.7	107.5	111.0	(131.2)	102.4
Underwriting income (loss)	$	(52.0)		(44.3)	17.0	(79.3)	(12.2)	(14.1)	19.2	(7.2)
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 ended							Year-to-date
		Dec. 31,			Sept. 30,	June 30,	Mar. 31,	Dec. 31,	Dec. 31,	Dec. 31,
($ in millions)		2023			2023	2023	2023	2022	2023	2022
Underwriting results
Net premiums written		$	120.2		111.6	105.7	101.2	88.5	438.6	352.5
Change in net premiums written, from comparable prior year period		36		%	25	20	16	14	24	16
Net premiums earned		$	108.1		101.4	92.3	88.9	89.3	390.6	334.2
Losses and loss expenses incurred		49.7			52.6	62.6	46.9	46.8	211.9	196.7
Net underwriting expenses incurred		32.7			32.4	30.2	28.6	28.5	124.0	107.2
GAAP underwriting income (loss)		$	25.7		16.4	(0.6)	13.3	14.0	54.8	30.3
Net catastrophe losses		$	(0.7)		3.5	16.3	5.6	1.4	24.7	9.6
(Favorable) unfavorable prior year casualty reserve development		—			—	—	(5.0)	(5.0)	(5.0)	(5.0)
Underwriting ratios
Loss and loss expense ratio		45.9		%	51.9	67.9	52.8	52.3	54.3	58.8
Underwriting expense ratio		30.3			32.0	32.8	32.2	32.0	31.7	32.1
	Combined ratio	76.2		%	83.9	100.7	85.0	84.3	86.0	90.9
Net catastrophe losses		(0.7)		pts	3.5	17.6	6.3	1.6	6.3	2.9
(Favorable) unfavorable prior year casualty reserve development		—			—	—	(5.6)	(5.6)	(1.3)	(1.5)
	Combined ratio before net catastrophe losses	76.9		%	80.4	83.1	78.7	82.7	79.7	88.0
	Combined ratio before net catastrophe losses and prior year casualty development	76.9		%	80.4	83.1	84.3	88.3	81.0	89.5
Other Statistics
Non-catastrophe property loss and loss expenses		$	7.3		7.5	8.1	8.9	9.4	31.9	39.6
Non-catastrophe property loss and loss expenses		6.8		pts	7.4	8.8	10.1	10.5	8.2	11.9
Direct new business		$	61.5		55.2	50.0	42.9	39.0	209.5	156.3
Renewal pure price increases		6.1		%	6.6	7.5	7.4	7.9	6.9	7.3
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 December 31, 2023					Quarter ended December 31, 2022
($ in millions)	Casualty			Property	Total	Casualty	Property	Total
Net premiums written	$	73.7		46.5	120.2	60.6	27.8	88.5
Net premiums earned	70.5			37.6	108.1	62.8	26.5	89.3
Loss and loss expense ratio	61.1		%	17.6	45.9	57.3	40.8	52.3
Underwriting expense ratio	29.6			31.4	30.3	31.3	33.4	32.0
Combined ratio	90.7		%	49.0	76.2	88.6	74.2	84.3
Underwriting income (loss)	$	6.5		19.2	25.7	7.1	6.8	14.0
	Year-to-Date December 31, 2023					Year-to-Date December 31, 2022
($ in millions)	Casualty			Property	Total	Casualty	Property	Total
Net premiums written	$	280.6		158.0	438.6	243.7	108.9	352.5
Net premiums earned	261.1			129.5	390.6	233.1	101.1	334.2
Loss and loss expense ratio	59.5		%	43.7	54.3	63.3	48.6	58.8
Underwriting expense ratio	31.3			32.6	31.7	32.1	32.0	32.1
Combined ratio	90.8		%	76.3	86.0	95.4	80.6	90.9
Underwriting income (loss)	$	24.1		30.6	54.8	10.7	19.6	30.3
Note: Amounts may not foot due to rounding.

Page 11

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED INVESTMENT INCOME

(Unaudited)

		Quarter ended							Year-to-date
		Dec. 31,			Sept. 30,	June 30,	Mar. 31,	Dec. 31,	Dec. 31,	Dec. 31,
($ in millions)		2023			2023	2023	2023	2022	2023	2022
Net investment income
Fixed income securities
	Taxable	$	88.8		86.7	80.4	75.4	69.2	331.1	233.5
	Tax-exempt	3.1			3.4	3.6	4.7	6.4	14.7	26.5
Total fixed income securities		91.9			90.0	83.9	80.1	75.6	345.9	259.9
Commercial mortgage loans		2.7			2.5	2.2	2.0	1.8	9.3	5.6
Equity securities		3.9			2.1	2.2	1.2	5.9	9.4	13.6
Alternative investments		1.1			6.5	11.4	7.8	0.2	26.8	23.0
Other investments		0.1			0.3	0.2	—	0.2	0.7	0.3
Short-term investments		3.3			3.9	2.9	4.7	2.3	14.8	4.0
Investment income		103.0			105.3	102.8	95.7	86.0	406.9	306.3
Investment expenses		(4.4)			(4.4)	(5.1)	(4.2)	(4.6)	(18.2)	(18.1)
Investment tax expense		(20.1)			(20.6)	(19.9)	(18.5)	(16.0)	(79.1)	(56.0)
Total net investment income, after-tax		$	78.4		80.2	77.8	73.1	65.5	309.5	232.2
Net realized and unrealized investment gains (losses), pre-tax		$	5.4		(6.9)	(5.4)	3.3	(5.9)	(3.6)	(114.8)
Change in unrealized gains (losses) recognized in other comprehensive income, pre-tax		$	275.4		(127.5)	(58.2)	84.9	54.7	174.6	(756.9)
Average investment yields
	Fixed income investments, pre-tax	5.1		%	5.1	4.9	4.7	4.6	4.9	3.9
	Fixed income investments, after-tax	4.0			4.1	3.9	3.8	3.7	3.9	3.1
	Total portfolio, pre-tax	4.7		%	4.9	4.9	4.6	4.2	4.7	3.6
	Total portfolio, after-tax	3.7			3.9	3.9	3.7	3.4	3.7	2.9
Effective tax rate on net investment income		20.4		%	20.5	20.4	20.2	19.6	20.4	19.4
New money purchase rates for fixed income investments, pre-tax		6.7			6.4	5.9	5.5	6.1	6.0	4.5
New money purchase rates for fixed income investments, after-tax		5.3			5.0	4.6	4.4	4.9	4.7	3.6
Effective duration of fixed income investments including short-term (in years)		4.0			4.1	4.0	4.1	4.1	4.0	4.1
Note: Amounts may not foot due to rounding.

Page 12

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED COMPOSITION OF INVESTED ASSETS

(Unaudited)

	Dec. 31,					Sept. 30,		June 30,		Mar. 31,		Dec. 31,
	2023					2023		2023		2023		2022
($ in millions)	Amount		Percent			Amount	Percent	Amount	Percent	Amount	Percent	Amount	Percent
Fixed income securities, at fair value	$	7,521.1	87		%	7,049.0	86	7,054.7	87	6,988.0	87	6,641.9	85
Commercial mortgage loans, at fair value	178.9		2			171.4	2	163.1	2	147.5	2	139.2	2
Total fixed income investments	7,700.0		89			7,220.4	88	7,217.8	89	7,135.6	89	6,781.2	87
Short-term investments	309.3		4			315.0	4	319.5	4	302.8	4	440.5	6
Total fixed income and short-term investments	8,009.3		92			7,535.4	92	7,537.2	93	7,438.3	93	7,221.6	92
Equity securities, at fair value	187.2		2			125.6	2	121.6	1	132.2	2	162.0	2
Alternative investments	395.8		5			446.8	5	389.2	5	380.0	5	371.3	5
Other investments	91.2		1			72.2	1	71.5	1	68.1	1	71.2	1
Total investments	$	8,683.5	100		%	8,180.0	100	8,119.6	100	8,018.7	100	7,826.2	100
Fixed income investments, at carry value
U.S. government obligations	$	205.0	2		%	226.7	3	293.0	4	343.4	5	189.2	3
Foreign government obligations	9.8		—			9.3	—	9.8	—	9.9	—	9.6	—
Obligations of state and political subdivisions	586.0		8			614.8	8	658.0	9	682.1	10	921.4	14
Corporate securities	2,733.9		35			2,463.4	34	2,408.6	33	2,472.6	35	2,362.8	35
Collateralized loan obligations and other asset-backed securities	1,834.8		24			1,713.7	24	1,634.3	23	1,530.1	21	1,486.0	22
Residential mortgage-backed securities	1,477.5		19			1,384.5	19	1,407.8	19	1,301.7	18	1,059.8	16
Commercial mortgage-backed securities	674.8		9			638.0	9	644.4	9	649.4	9	614.4	9
Commercial mortgage loans	188.4		2			185.9	3	175.5	2	157.2	2	149.2	2
Total fixed income investments	$	7,710.3	100		%	7,236.3	100	7,231.4	100	7,146.4	100	6,792.5	100
Expected maturities of fixed income investments at carry value
Due in one year or less	$	526.6	7		%	446.4	6	385.6	5	362.4	5	337.3	5
Due after one year through five years	3,569.2		46			3,308.7	46	3,163.1	44	3,151.2	44	3,004.8	44
Due after five years through 10 years	2,862.5		37			2,511.0	35	2,956.0	41	2,861.0	40	2,658.4	39
Due after 10 years	751.9		10			970.1	13	726.7	10	771.8	11	792.0	12
Total fixed income investments	$	7,710.3	100		%	7,236.3	100	7,231.4	100	7,146.4	100	6,792.5	100
Weighted average credit quality of fixed income and short-term investments
Investment grade credit quality	$	7,721.4	96		%	7,250.8	96	7,257.9	96	7,167.0	96	6,962.8	96
Non-investment grade credit quality	287.9		4			284.6	4	279.3	4	271.3	4	258.9	4
Total fixed income and short-term investments, at fair value	$	8,009.3	100		%	7,535.4	100	7,537.2	100	7,438.3	100	7,221.6	100
Weighted average credit quality of fixed income and short-term investments	AA-					A+		AA-		AA-		AA-
Alternative investments	December 31, 2023
							Current
	Number of		Original			Remaining	Market
Strategy	Funds		Commitment			Commitment	Value
Private equity	61		$	399.4		131.9	301.8
Private credit	18		154.9			89.4	54.5
Real assets	10		72.5			33.0	39.5
Total	89		$	626.9		254.3	395.8
Note: Amounts may not foot due to rounding.

Page 13

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CREDIT QUALITY OF INVESTED ASSETS

(Unaudited)

At December 31, 2023												Credit Rating
($ in millions)			Amortized Cost		Fair Value		% of Invested Assets		Yield to Worst	Effective Duration in Years	Average Life in Years	AAA			AA			A			BBB			Non-Investment Grade			Not Rated
Fixed income investments:
	U.S. government obligations		223		205		2.4		4.7	4.7	7.2	—			205			—			—			—			—
	Foreign government obligations		11		10		0.1		5.0	6.0	7.2	1			2			4			3			—			—
	State and municipal obligations		613		586		6.7		4.1	5.3	6.6	92			261			212			21			—			—
	Corporate securities		2,857		2,733		31.5		5.5	4.4	6.0	51			306			1,157			1,035			182			1
	Mortgage-backed securities:
		Residential mortgage-backed securities ("RMBS"):
		Agency RMBS	1,098		1,036		11.9		4.8	5.1	8.0	—			1,036			—			—			—			—
		Non-agency RMBS	471		441		5.1		5.8	4.0	6.0	383			27			22			9			—			—
		Total RMBS	1,569		1,477		17.0		5.1	4.8	7.4	383			1,063			22			9			—			—
		Commercial mortgage-backed securities ("CMBS")
		Agency CMBS	179		169		2.0		5.0	4.1	5.3	36			134			—			—			—			—
		Non-agency CMBS	540		505		5.8		7.4	2.9	3.6	462			24			17			2			—			—
		Total CMBS	719		675		7.8		6.8	3.2	4.0	498			158			17			2			—			—
		Total mortgage-backed securities	2,288		2,152		24.8		5.6	4.3	6.3	882			1,220			39			11			—			—
Collateralized loan obligations ("CLO") and other asset-backed securities ("ABS"):
		Auto	139		140		1.6		6.9	1.9	2.0	135			1			4			—			—			—
		Aircraft	49		43		0.5		10.1	2.7	3.1	—			—			21			17			5			—
		CLOs	863		825		9.5		7.7	2.3	4.6	394			270			52			39			56			14
		Credit cards	16		16		0.2		5.0	3.0	3.3	16			—			1			—			—			—
		Other ABS	844		811		9.3		6.2	4.9	6.2	247			115			358			63			7			19
		Total CLOs and ABS	1,912		1,835		21.1		7.0	3.4	5.1	792			386			436			119			68			33
Total securitized assets			4,199		3,987		45.9		6.3	3.9	5.8	1,674			1,607			475			130			68			33
		Commercial mortgage loans	189		179		2.1		5.7	3.4	5.1	—			11			71			94			3			—
Total fixed income investments			8,092		7,700		88.7		5.8	4.2	5.9	1,817			2,391			1,919			1,284			253			35
		Short-term investments	309		309		3.6		5.1	0.0	0.0	296			13			—			—			—			—
		Total fixed income and short-term investments	8,401		8,009		92.2		5.8	4.0	5.7	2,114			2,404			1,919			1,284			253			35
Total fixed income securities and short-term investments by credit rating percentage												26.4		%	30.0		%	24.0		%	16.0		%	3.2		%	0.5		%
Equity securities:
	Common stock(1)		181		185		2.1		—	—	—	—			—			—			—			—			185
	Preferred stock		2		2		—		—	—	—	—			—			—			2			—			—
		Total equity securities	183		187		2.2		—	—	—	—			—			—			2			—			185
Alternative investments
		Private equity	302		302		3.5		—	—	—	—			—			—			—			—			302
		Private credit	54		54		0.6		—	—	—	—			—			—			—			—			54
		Real assets	40		40		0.5		—	—	—	—			—			—			—			—			40
		Total alternative investments	396		396		4.6		—	—	—	—			—			—			—			—			396
Other investments			91		91		1.0		—	—	—	—			—			—			—			—			91
Total invested assets			$	9,071	$	8,683	100.0	%	—	—	—	$	2,114		$	2,404		$	1,919		$	1,286		$	253		$	707
(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 AVAILABLE TO COMMON STOCKHOLDERS TO NON-GAAP OPERATING INCOME AND CERTAIN OTHER NON-GAAP MEASURES

(Unaudited)

	Quarter ended							Year-to-date
	Dec. 31,			Sept. 30,	June 30,	Mar. 31,	Dec. 31,	Dec. 31,	Dec. 31,
($ in millions, except per share data)	2023			2023	2023	2023	2022	2023	2022
Reconciliation of net income available to common stockholders to non-GAAP operating income
Net income available to common stockholders	$	122.5		86.9	56.3	90.3	84.2	356.0	215.7
Net realized and unrealized investment (gains) losses included in net income, before tax	(5.4)			6.9	5.4	(3.3)	5.9	3.6	114.8
Tax on reconciling items	1.1			(1.4)	(1.1)	0.7	(1.2)	(0.7)	(24.1)
Non-GAAP operating income	$	118.3		92.3	60.6	87.6	88.9	358.8	306.4
Reconciliation of net income available to common stockholders per diluted common share to non-GAAP operating income per diluted common share
Net income available to common stockholders per diluted common share	$	2.01		1.42	0.92	1.48	1.38	5.84	3.54
Net realized and unrealized investment (gains) losses included in net income, before tax	(0.09)			0.11	0.09	(0.05)	0.10	0.06	1.89
Tax on reconciling items	0.02			(0.02)	(0.02)	0.01	(0.02)	(0.01)	(0.40)
Non-GAAP operating income per diluted common share	$	1.94		1.51	0.99	1.44	1.46	5.89	5.03
Reconciliation of ROE to non-GAAP operating ROE
ROE	18.9		%	14.1	9.1	15.1	14.8	14.3	8.8
Net realized and unrealized investment (gains) losses included in net income, before tax	(0.8)			1.1	0.9	(0.6)	1.0	0.1	4.7
Tax on reconciling items	0.1			(0.2)	(0.2)	0.1	(0.2)	—	(1.1)
Non-GAAP operating ROE	18.2		%	15.0	9.8	14.6	15.6	14.4	12.4
Reconciliation of book value per common share to adjusted book value per common share
Book value per common share	$	45.42		40.35	40.81	40.82	38.57	45.42	38.57
Total unrealized investment losses included in accumulated other comprehensive income (loss), before tax	5.83			10.38	8.27	7.32	8.75	5.83	8.75
Tax on reconciling items	(1.22)			(2.19)	(1.74)	(1.53)	(1.83)	(1.22)	(1.83)
Adjusted book value per common share	$	50.03		48.54	47.34	46.61	45.49	50.03	45.49
Non-GAAP operating income, non-GAAP operating income per diluted common share, and non-GAAP operating return on common equity are measures comparable to net income available to common stockholders, net income 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. 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 available to common stockholders, net income 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 available to common stockholders, net income available to common stockholders per diluted common share, return on common equity, and book value per common share to non-GAAP operating income, non-GAAP operating income 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.

Page 15

Selective Insurance Group, Inc. & Consolidated Subsidiaries

RATINGS AND CONTACT INFORMATION

Address:	As of December 31, 2023
40 Wantage Avenue		AM Best	Standard & Poor's	Moody's	Fitch
Branchville, NJ 07890	Financial Strength Ratings:	A+	A	A2	A+
	Preferred Stock Rating:	n/a	BB+	Ba1	BBB-
Corporate Website:	Long-Term Debt Credit Rating:	a-	BBB	Baa2	BBB+
www.Selective.com
Investor Contact:	REGISTRAR AND TRANSFER AGENT
Brad B. Wilson	EQ Shareowner Services
Senior Vice President	P.O. Box 64854
Investor Relations & Treasurer	St. Paul, MN 55164
Phone: 973-948-1283	866-877-6351
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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