-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 QIPKl0cpQGpm+N9le9hsXXYIBc0mJkjJ+NcHa4ywLF2L0k/Jax9q5NzR8KG6V9cv
 K3f9KWRYQf3wM0uatrBIjA==

<SEC-DOCUMENT>0001341004-05-000085.txt : 20051025
<SEC-HEADER>0001341004-05-000085.hdr.sgml : 20051025
<ACCEPTANCE-DATETIME>20051025164507
ACCESSION NUMBER:		0001341004-05-000085
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20051025
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20051025
DATE AS OF CHANGE:		20051025

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SELECTIVE INSURANCE GROUP INC
		CENTRAL INDEX KEY:			0000230557
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				222168890
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08641
		FILM NUMBER:		051154847

	BUSINESS ADDRESS:	
		STREET 1:		40 WANTAGE AVENUE
		CITY:			BRANCHVILLE
		STATE:			NJ
		ZIP:			07890
		BUSINESS PHONE:		2019483000

	MAIL ADDRESS:	
		STREET 1:		40 WANTAGE AVE
		STREET 2:		40 WANTAGE AVE
		CITY:			BRANCHVILLE
		STATE:			NJ
		ZIP:			07890

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SRI CORP
		DATE OF NAME CHANGE:	19860508
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>nyc553869.txt
<DESCRIPTION>FORM 8-K
<TEXT>


                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported) October 25, 2005

                        Selective Insurance Group, Inc.
                        -------------------------------
             (Exact name of registrant as specified in its charter)

         New Jersey                    0-8641              22-2168890
         ----------                    ------              ----------
 (State or other jurisdiction       (Commission          (I.R.S. Employer
     of incorporation)              File Number)         Identification No.)

       40 Wantage Avenue, Branchville, New Jersey           07890
       ------------------------------------------           -----
       (Address of principal executive offices)           (Zip Code)

Registrant's telephone number, including area code    (973) 948-3000

                                      n/a
                                      ---
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))


<PAGE>


Item 2.02.  Results of Operations and Financial Condition.

         On October 25, 2005, Selective Insurance Group, Inc. issued a press
release announcing results for the third quarter ended September 30, 2005. The
press release is attached hereto as Exhibit 99.1 and is being furnished, not
filed, under Item 2.02 to this Report on Form 8-K.

Item 9.01.  Financial Statements and Exhibits.

(c)  Exhibits

         99.1  Press Release of Selective Insurance Group, Inc. dated
               October 25, 2005.

<PAGE>

                                   SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                            SELECTIVE INSURANCE GROUP, INC.
                                            (Registrant)


Date:  October 25, 2005                     By:  /s/  Michael H. Lanza
                                                 ---------------------
                                            Name:  Michael H. Lanza, Esq.
                                            Title: Senior Vice President,
                                                   General Counsel and
                                                   Corporate Secretary

<PAGE>


                                 EXHIBIT INDEX


Exhibit No.           Description
- -----------           -----------
99.1                  Press Release dated October 25, 2005.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>sel3rdqrt.txt
<DESCRIPTION>EXHIBIT 99.1 - PRESS RELEASE
<TEXT>

                                                                   Exhibit 99.1


[SELECTIVE GRAPHIC OMITTED]


                              Selective Insurance
                              40 Wantage Avenue
                              Branchville, New Jersey 07890
                              www.selective.com


For release on Oct. 25, 2005 at 4:15 p.m. EST
Media Contact: Sharon Cooper
973-948-1324, sharon.cooper@selective.com
              ---------------------------

Investor Contact: Jennifer DiBerardino
973-948-1364, jennifer.diberardino@selective.com
              ----------------------------------

                       Selective Insurance Group Reports
                          Third Quarter 2005 Earnings
                      GAAP combined ratio improves to 95%
                     Commercial net premiums written up 11%
     Net income $1.25 per diluted share; Record operating income of $1.16
                               per diluted share
                             Dividend increased 16%

Branchville, NJ - Oct. 25, 2005 - Selective Insurance Group, Inc. (NASDAQ:
SIGI), today reported its financial results for the third quarter ended Sept.
30, 2005.

Compared with the third quarter of 2004:
- -    Net income increased 39%, to $39.3 million, or $1.25 per diluted share;
- -    Operating income(1) increased 34% to $36.4 million, establishing a new
     quarterly record of $1.16 per diluted share;
- -    The GAAP combined ratio improved 3.1 points to 95.0%
          o    The commercial lines GAAP combined ratio improved 3.9 points to
               93.8%;
          o    The personal lines GAAP combined ratio increased 1.8 points to
               101.9%;
- -    The statutory combined ratio improved 1.9 points to 94.3%;
- -    Net premiums written (NPW) increased 8% to $383.4 million
          -    Commercial lines NPW increased 11% to $330.7 million;
          -    Personal lines NPW declined 11% to $52.7 million; and
- -    Total revenue was up 9% to $430.6 million.

- ---------------

(1) Operating income differs from net income by the exclusion of realized gains
or losses on investment sales and the cumulative effect of change in accounting
principle. It is used as an important financial measure by management, analysts
and investors, because the realization of investment gains and losses in any
given period is largely discretionary as to timing and could distort the
analysis of trends; however, it is not intended as a substitute for net income
prepared in accordance with accounting principles generally accepted in the
United States of America (GAAP). A reconciliation of operating income to net
income is provided in the attached GAAP Highlights and Reconciliation to
Comparable GAAP measures. Statutory data is prepared in accordance with
statutory accounting rules as defined by the National Association of Insurance
Commissioners Accounting Practices and Procedures Manual and, therefore, is not
reconciled to GAAP.

<PAGE>


Weather-related catastrophe losses accounted for only 0.1 points of the GAAP
and statutory combined ratios for the third quarter of 2005, or $0.3 million,
after-tax, compared to 3.6 points, or $7.9 million, after-tax, for the third
quarter of 2004.

Gregory E. Murphy, Selective Insurance Group Chairman, President and CEO,
stated: "This was an excellent quarter, fueled by Selective's powerful
combination of financial stability, broad commercial lines appetite, cutting
edge technology and a field model that is virtually unmatched in the industry.
Our strong results were driven by double-digit premium growth in the commercial
lines operation, a 15% increase in operating cash flow to $162 million, and a
16% increase in after-tax investment income from our investment portfolio which
now stands at $3.1 billion. Overall premium growth reached 8% for the quarter
and 6% through nine months - about three times higher than industry-wide A.M.
Best growth estimates."

Murphy added: "As a result of the continued strong performance in our
insurance, investment and diversified operations throughout 2005, the Board of
Directors increased the quarterly cash dividend to shareholders by 16%, to
$0.22 per share. The dividend is payable Dec. 1, 2005, to stockholders of
record on Nov. 15, 2005. In addition, we repurchased 265,000 shares of
Selective stock during the quarter at an average price per share of $48.94.
These capital management efforts are part of an overall program designed to
increase shareholder returns, while managing our total capital to allow for
future growth opportunities."

The Diversified Insurance Services operation contributed $0.13 in earnings per
diluted share for the quarter. Revenue at these fee-based businesses was up
13%, to $31.3 million, compared to third quarter 2004. Return on revenue was
13.1%, compared to 11.3% in the third quarter of 2004.

At Sept. 30, 2005, Selective's consolidated assets reached $4.3 billion;
stockholders' equity was $953.4 million; and book value per share was up 12% to
$33.79, compared to third quarter 2004.

For the nine months ended Sept. 30, 2005, the Company reported net income of
$107.5 million, or $3.41 per diluted share. Operating income(1) was $100.8
million, or $3.20 per diluted share. For the comparable period last year, the
Company reported net income of $84.7 million, or $2.70 per diluted share, and
operating income of $80.1 million, or $2.56 per diluted share. Selective's GAAP
combined ratio improved to 95.4% for the first nine months of 2005, compared to
97.2% for the nine-month period ended Sept. 30, 2004. For the same period, the
statutory combined ratio improved to 94.2% in 2005, compared to 95.6% in 2004.

The supplemental investor packet, including financial information that is not
part of this press release, is available on the Investors page of Selective's
public website at www.selective.com. Selective's quarterly analyst conference
call will be simulcast at 8:30 a.m. EST, on Oct. 26, 2005, at
www.selective.com. The webcast will be available for rebroadcast until the
close of business on Nov. 25, 2005.

Selective Insurance Group, Inc., headquartered in Branchville, New Jersey, is a
holding company for six property and casualty insurance companies that offer
primary and

<PAGE>

alternative market insurance for commercial and personal risks. The
insurance companies are rated "A+" (Superior) by A.M. Best. Through other
subsidiaries, the company offers medical claim management services; human
resources benefits and administration services; risk management products and
services; and flood insurance policy, administration and claim services.
Selective maintains a website at www.selective.com.

In this press release, Selective and its management discuss and make statements
based on currently available information regarding their intentions, beliefs,
current expectations, and projections regarding Selective's future operations
and performance. Such statements are "forward-looking" statements as defined in
the Private Securities Litigation Reform Act of 1995, which provides a safe
harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934
for forward-looking statements. These forward-looking statements are often
identified by words such as "may," "will," "could," "would," "should,"
"expect," "plan," "anticipate," "target," "project," "intend," "believe,"
"estimate," "predict," "potential," "pro forma," "seek," "likely," or
"continue," or other comparable terminology and their negatives. Selective and
its management assume no obligation to update these forward-looking statements
due to changes in underlying factors, new information, future developments or
otherwise.

Selective and its management caution investors that such forward-looking
statements are not guarantees of future performance. Risks and uncertainties
are inherent in Selective's future performance. Factors that could cause
Selective's actual results to differ materially from those indicated by such
forward-looking statements, include, among other things, those discussed or
identified from time to time in our public filings with the United States
Securities and Exchange Commission ("SEC") and those associated with:
o    the frequency and severity of catastrophic events, including hurricanes,
     tornadoes, windstorms, earthquakes, hail, severe winter weather, fires,
     explosions and terrorism;
o    adverse economic, market or regulatory conditions;
o    the concentration of our business in a number of East Coast and Midwestern
     states;
o    the adequacy of our loss reserves;
o    the cost and availability of reinsurance;
o    our ability to collect on reinsurance and the solvency of our reinsurers;
o    uncertainties related to insurance rate increases and business retention;
o    changes in insurance regulations that impact our ability to write and/or
     cease writing insurance policies in one or more states particularly
     changes in New Jersey automobile insurance laws and regulations;
o    our ability to maintain favorable ratings from A.M. Best, S&P, Moody's and
     Fitch;
o    fluctuations in interest rates and the performance of the financial
     markets which may affect our investment income; and
o    our entry into new markets and businesses.

Selective's SEC filings can be accessed through the Investors and Corporate
Governance sections of the Company's website, www.selective.com, or through the
SEC's EDGAR Database at www.sec.gov (Selective EDGAR CIK No. 0000230557).

<PAGE>


                Selective Insurance Group, Inc. (Nasdaq: SIGI)*
     GAAP Highlights and Reconciliation of Non-GAAP Measures to Comparable
                                 GAAP Measures

(in thousands, except per share data)
- -------------------------------------------------------------------------------
3 months ended September 30:                                2005          2004
- ----------------------------                                ----          ----
Net premiums written                                   $   383,402      356,451
Net premiums earned                                        361,062      337,074
Net investment income                                       32,755       29,146
Diversified insurance services revenue                      31,318       27,648
Total revenues                                             430,567      396,187

Operating income                                            36,431       27,268
Capital gain, after-tax                                      2,846        1,060
                                                       ------------  ----------
Net income                                             $    39,277       28,328
                                                       ============  ==========

Statutory combined ratio                                     94.3%        96.2%
GAAP combined ratio                                          95.0%        98.1%

Operating income per diluted share                     $      1.16         0.87
Net income per diluted share                                  1.25         0.90
Weighted average diluted shares                             32,131       32,398
Book value per share                                   $     33.79        30.04


9 months ended September 30:                                2005          2004
- ----------------------------                                ----          ----
Net premiums written                                   $ 1,149,801    1,080,963
Net premiums earned                                      1,054,254      978,366
Net investment income                                       97,864       87,268
Diversified insurance services revenue                      88,766       78,274
Total revenues                                           1,253,231    1,153,444

Operating income                                           100,762       80,095
Capital gain, after-tax                                      6,198        4,635
Cumulative effect of change in accounting
  principle, net of tax                                        495            -
                                                       ------------  ----------
Net income                                             $   107,455       84,730
                                                       ============  ==========

Statutory combined ratio                                     94.2%        95.6%
GAAP combined ratio                                          95.4%        97.2%

Operating income per diluted share                     $      3.20         2.56
Net income per diluted share                                  3.41         2.70
Weighted average diluted shares                             32,235       32,340
Book value per share                                   $     33.79        30.04

   *All amounts included in this release exclude inter-company transactions.


                                      ###




</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
