<SEC-DOCUMENT>0001144204-11-057122.txt : 20111011
<SEC-HEADER>0001144204-11-057122.hdr.sgml : 20111010
<ACCEPTANCE-DATETIME>20111011083259
ACCESSION NUMBER:		0001144204-11-057122
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20111011
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20111011
DATE AS OF CHANGE:		20111011

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:	001-33067
		FILM NUMBER:		111133848

	BUSINESS ADDRESS:	
		STREET 1:		40 WANTAGE AVENUE
		CITY:			BRANCHVILLE
		STATE:			NJ
		ZIP:			07890
		BUSINESS PHONE:		9739483000

	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>v236944_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<html>
<head>
    <title>Unassociated Document</title>
    <!--Licensed to: vintage-->
    <!--Document Created using EDGARizerAgent 5.3.1.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED STATES</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES AND EXCHANGE COMMISSION</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WASHINGTON, D.C. 20549</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">FORM 8-K</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT REPORT PURSUANT</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">TO SECTION 13 OR 15(D) OF THE</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES EXCHANGE ACT OF 1934</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="3" valign="top" width="54%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date of Report (Date of earliest event reported)</font></div>
</td>
<td align="left" valign="top" width="26%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">October 11, 2011</font></div>
</td>
</tr><tr>
<td colspan="4" valign="top" width="54%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
</tr><tr>
<td colspan="4" valign="top" width="54%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
</tr><tr>
<td colspan="4" valign="top" width="54%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">SELECTIVE INSURANCE GROUP, INC.</font></font></div>
</td>
</tr><tr>
<td colspan="4" valign="top" width="54%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Exact name of registrant as specified in its charter)</font></div>
</td>
</tr></table>

<div>&#160;</div>

<div align="left">
<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">New Jersey</font></font></div>
</td>
<td valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">001-33067</font></font></div>
</td>
<td valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">22-2168890</font></font></div>
</td>
</tr><tr>
<td valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State or other jurisdiction of incorporation)</font></div>
</td>
<td valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Commission File Number)</font></div>
</td>
<td valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(I.R.S. Employer Identification No.)</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="54%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="top" width="27%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
</tr><tr>
<td colspan="2" valign="top" width="54%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">40 Wantage Avenue, Branchville, New Jersey</font></font></div>
</td>
<td valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">07890</font></font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="54%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Address of principal executive offices)</font></div>
</td>
<td valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Zip Code)</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="54%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
<td valign="top" width="27%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160; </font></td>
</tr><tr>
<td colspan="2" valign="top" width="54%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Registrant's telephone number, including area code</font></div>
</td>
<td valign="top" width="27%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(973) 948-3000</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="4" valign="top" width="54%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Not Applicable</font></font></div>
</td>
</tr><tr>
<td colspan="4" valign="top" width="54%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Former name or former address, if changed since last report.)</font></div>
</td>
</tr></table>
</div>
</div>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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:</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>

<div style="WIDTH: 100%; TEXT-ALIGN: center">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section 2 &#8211; Financial Information</font></font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: ; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item 2.02.&#160;</font></div>
</td>
<td align="left">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Results of Operations and Financial Condition.</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On October 11, 2011, Selective Insurance Group, Inc. (the &#8220;Company&#8221;) issued a press release regarding pre-tax catastrophe losses for the quarter ending September 30, 2011.&#160;&#160;A copy of the Company&#8217;s press release is attached hereto as Exhibit 99.1.</font></div>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section 9 &#8211; Financial Statements and Exhibits</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item 9.01.&#160;&#160;</font></div>
</td>
<td align="left">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Financial Statements and Exhibits.</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 27pt">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)&#160;</font></font></div>
</td>
<td align="left">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-STYLE: italic">Exhibits</font></font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 27pt">&#160;</td>
<td align="right" style="WIDTH: 45pt">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1&#160;</font></div>
</td>
<td align="left">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press Release of Selective Insurance Group, Inc. dated October 11, 2011</font></div>
</td>
</tr></table>
</div>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>

<div style="WIDTH: 100%; TEXT-ALIGN: center">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">
<div>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td colspan="2" valign="top" width="38%">

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="FONT-WEIGHT: bold"><font style="FONT-WEIGHT: normal"><font style="FONT-WEIGHT: normal">SELECTIVE</font> INSURANCE GROUP, INC.</font></font></font></font></div>
</td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr>
<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr>
<td align="left" valign="top" width="50%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date:&#160;&#160;October 11, 2011&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
</td>
<td valign="top" width="3%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By: </font></div>
</td>
<td align="left" nowrap valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">/s/&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Michael H. Lanza&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr>
<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td align="left" nowrap valign="bottom" width="35%">

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Michael H. Lanza</font></font></div>
</td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr>
<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="top" width="35%">

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Executive Vice President and General Counsel</font></font></div>
</td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr>
<td valign="top" width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr></table>
</div>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>

<div style="WIDTH: 100%; TEXT-ALIGN: center">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>

<div>&#160;</div>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXHIBIT INDEX</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="11%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Exhibit No.</font></font></div>
</td>
<td align="left" valign="top" width="68%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Description</font></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="11%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">99.1</font></div>
</td>
<td align="left" valign="top" width="68%">
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Press Release of Selective Insurance Group, Inc. dated October 11, 2011</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>

<div id="PN">
<div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>

<div style="WIDTH: 100%; TEXT-ALIGN: center">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v236944_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
<head>
    <title>Unassociated Document</title>
    <!--Licensed to: Vintage Filings-->
    <!--Document Created using EDGARizerAgent 5.3.1.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
<div>&#160;</div>

<div align="center">
<table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="50%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><img src="logo.jpg"> </font></td>
<td width="50%">

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Selective Insurance Group, Inc.</font></font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">40 Wantage Avenue</font></font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Branchville, New Jersey 07890</font></font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; COLOR: #0000ff; TEXT-DECORATION: underline">www.selective.com</font></font></font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>

<div>
<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For release at 8:15 a.m. (ET) on October 11, 2011</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Investor Contact: Jennifer DiBerardino</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">973-948-1364, <font style="DISPLAY: inline; COLOR: #0000ff; TEXT-DECORATION: underline">jennifer.diberardino@selective.com</font></font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Media Contact: Gail Petersen</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">973-948-1307, <font style="DISPLAY: inline; COLOR: #0000ff; TEXT-DECORATION: underline">gail.petersen@selective.com</font></font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Selective Insurance Group Announces Third Quarter Storm Losses</font></font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Branchville, NJ &#8211; October 11, 2011 &#8211; Selective Insurance Group, Inc. (NASDAQ: SIGI) </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">today announced pre-tax catastrophe losses for the quarter of approximately $70 million, or 20 points on the combined ratio.&#160;&#160;The loss estimate is net of reinsurance recoveries and inclusive of reinstatement premium.&#160; Hurricane Irene represented the majority of the catastrophe losses at $40 million (approximately $50 million on a gross basis) while the balance came from six additional events in the quarter as well as $11 million of prior period storm development.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;In my 31-year career, I have never encountered such a confluence of extreme weather events in one quarter.&#160;&#160;In a recent <font style="DISPLAY: inline; FONT-STYLE: italic">Catastrophe Bulletin</font>, Property Claim Services, or PCS, provided a preliminary estimate of Hurricane Irene losses of $3.7 billion for the industry, including $2.1 billion in our top four premium states of New Jersey, Pennsylvania, New York and Maryland,&#8221; said Selective Chairman, President and Chief Executive Officer Gregory E. Murphy.&#160;&#160;&#8220;These storms have been devastating to thousands of individuals and we have had Claims team members working around the clock to assist our customers with getting their lives back in order.&#8221;</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;We believe this year&#8217;s unprecedented catastrophic weather activity is further evidence of the need for higher pricing,&#8221; said Mr. Murphy.&#160;&#160;&#8220;We continue to be a price leader achieving our 10th consecutive quarter of pure commercial lines price increases with 2.7% in the third quarter while also achieving personal lines price increases of 5.9%.&#8221;</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">About Selective Insurance Group, Inc.</font></font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Selective Insurance Group, Inc. is a holding company for seven property and casualty insurance companies rated &#8220;A+&#8221; (Superior) by A.M. Best. Through independent agents, the insurance companies offer primary and alternative market insurance for commercial and personal risks, and flood insurance underwritten by the National Flood Insurance Program. Selective maintains a website at www.selective.com.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>

<div style="WIDTH: 100%; TEXT-ALIGN: center">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">
<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Forward-Looking Statements</font></font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Certain statements in this report, including information incorporated by reference, are &#8220;forward-looking statements&#8221; as that term is defined in the Private Securities Litigation Reform Act of 1995 ("PSLRA").&#160;&#160;The PSLRA provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements.&#160;&#160;These statements relate to our intentions, beliefs, projections, estimations or forecasts of future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our or our industry&#8217;s actual results, levels of activity, or performance to be materially different from those expressed or implied by the forward-looking statements.&#160;&#160;In some cases, you can identify forward-looking statements by use of words such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;plan,&#8221; &#8220;anticipate,&#8221; &#8220;target,&#8221; &#8220;project,&#8221; &#8220;intend,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;predict,&#8221; &#8220;potential,&#8221; &#8220;pro forma,&#8221; &#8220;seek,&#8221; &#8220;likely&#8221; or &#8220;continue&#8221; or other comparable terminology.&#160;&#160;These statements are only predictions, and we can give no assurance that such expectations </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">will prove to be correct.&#160;&#160;We undertake no obligation, other than as may be required under the federal securities laws, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Factors that could cause our actual results to differ materially from those projected, forecasted or estimated by us in forward-looking statements, include, but are not limited to:</font></div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">difficult conditions in global capital markets and the economy;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">continued deterioration in the public debt and equity markets and private investment marketplace that could lead to investment losses and fluctuations in interest rates;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ratings downgrades could affect investment values and therefore statutory surplus;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the adequacy of our loss reserves and loss expense reserves;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the frequency and severity of natural and man-made catastrophic events, including, but not limited to, hurricanes, tornadoes, windstorms, earthquakes, hail, terrorism, explosions, severe winter weather, floods and fires;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">adverse market, governmental, regulatory, legal or judicial conditions or actions;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the concentration of our business in the Eastern Region;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the cost and availability of reinsurance;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">our ability to collect on reinsurance and the solvency of our reinsurers;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">uncertainties related to insurance premium rate increases and business retention;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">recent federal financial regulatory reform provisions that could pose certain risks to our operations;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">our ability to maintain favorable ratings from rating agencies, including A.M. Best, Standard &amp; Poor&#8217;s, Moody&#8217;s and Fitch;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">our entry into new markets and businesses; and</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td style="TEXT-ALIGN: left">
<div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">other risks and uncertainties we identify in filings with the United States Securities and Exchange Commission, including, but not limited to, our Annual Report on Form 10-K and other periodic reports.</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>

<div style="WIDTH: 100%; TEXT-ALIGN: center">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">These risk factors may not be exhaustive.&#160;&#160;We operate in a continually changing business environment, and new risk factors emerge from time-to-time.&#160;&#160;We can neither predict such new risk factors nor can we assess the impact, if any, of such new risk factors on our businesses or the extent to which any factor or combination of factors may cause actual results to differ materially from those expressed or implied in any forward-looking statements in this report.&#160;&#160;In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this report might not occur.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">Selective&#8217;s SEC filings can be accessed through the Investor Relations&#8217; section of Selective&#8217;s website, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #0000ff; TEXT-DECORATION: underline">www.selective.com</font><font style="DISPLAY: inline; FONT-SIZE: 10pt">, or through the SEC&#8217;s EDGAR Database at </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #0000ff; TEXT-DECORATION: underline">www.sec.gov</font><font style="DISPLAY: inline; FONT-SIZE: 10pt"> (Selective EDGAR CIK No. 0000230557).</font></font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">###</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>

<div id="PN">
<div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>

<div style="WIDTH: 100%; TEXT-ALIGN: center">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160; </font></div>
</div>
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`10#W`P$1``(1`0,1`?_$`,0``0`"`P$!`0$!````
M```````!"0<("@8"!0L$`0$``@,!`0$`````````````!0<$!@@!`P(0```&
M`0,!`P<'!@@/``````$"`P0%!@<`$0@)(1(3\#%182(4%D&!T2-3%1=QD:&Q
M,PK!DM)#8[<9.5)R@J*3)%2EM49V=X<8N!$``@`%`P,"!`(%!PL%`````0(`
M$0,$!2$2!C$3!T%182(R%+$5<8&10B/PP5*SM#<(T>%BLF-S)'2$%C;Q@J(S
M4__:``P#`0`"$0,1`#\`[^-(0TA#2$8XRKEBBX7ISR\Y"G$(2$;O8N(9$$/&
MDI^QSSY&*K=4KD<0?>9JSV67<I-&+-$#*KKJ%```-S!GXS&7N7O%LK!"]8@L
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M=B5!DR0*=9PL<"E#SB$M@\'E.296EAL-2-:_K&2J-``.K,>BJHU9C(*!,_&*
MS6:QO'L;5RV6JBE8TEF2>I/HJCJS,=%4:DQQU8NZ@.1NJ%SWE\N7%J\J?'WC
M=6IF2P-A\SDB[.!LUK<?"T5>;D5+Q&$[D.1K*LHH9?VDXP1309"!2*KN.L+[
M@V/\<\*7%VA%7.7]11<U^FY$&\TDGJM(-LT/U:LPU`'./'>77OD7G#Y6Z!3"
MX^DQMZ,Q)7?^&'?T:J4+Z_N=%T!)MB"^EV_:]NW^$/9^0>[\@ZKG[%O:+B^Y
M;J.D;Y\9^7,>9Q'XYR-)D105,DRK%H>*@!&YQ$$V\+-.%-@*W,.Q&[DP[)CL
M10>YW3$T7DG$Z@4Y#')\PF70#J/5E'O[KZ]1K,&=QF7!86UT9$_2?YC_`#']
M464!JN!&R0U["&D(:0AI"&D(:0AI"&D(:0AI"&D(:0AI"&D(:0AI"&D(:0AI
M"&D(:0AI"&D(:0AI",/YXSQBWC3BRV9FS+:F50H-.CS/).2="*CEVX/N1A"P
MD>GNZF;!,NA*@S9H%.LX6.!2AYQ"4PN%R?(<G2Q&(I&M?56DJCH/=F/154:L
MQ,@`3^F,S&9QV`QU3*Y6JM*RI"9)]3Z*HZLS'15&I)C^<]U0NHIFOJ19:"6E
M_O&E8)I3]X7$&'TW`J-8A!3OMC6^WG;G]SG,@330?KE_:08(&%JU'N>,JX[X
M\<^/\5P'%]FCMK9NL!WZ\M2>NQ/5::GH.KGYF]`.'/(/.\GSG)=VKOHX:D3V
M:/H!TWOK)JC#J>B#Y5]2?8]**4^"I3.#%QW0=3<?C]TV4,4"G*VB'%Q1=I`)
M@`_=55F41,`"`;E#<-]M?#R31^ZIVC#1$:H"`?5A3E_JQLWA^HMO6OZ1D:CI
M1(T]%-0'_67]D7+?B&;[<`_ROI,&JK^Q6+P%RQ$/Q"-]N'\8/Y7KT^Q7XQ[]
MPT6N\*.?;'WB)P[F2:31;*F0CJ/>I)P`)M3F$J+2MV5VJ;V6IC;)LWAQV2$0
M25'N=PZ=6\RX,Q5\OAUFXUJ4AU/NZ`>OJR^O4"<P=KPG(!N%E?&0.B/[?Z+?
M#V/[?A<X'FU4$;I$Z0AI"/D=]_/\WS?/KS\(0W'R_3Z1_1IK")#S>G7O76$-
M_/ZO/I"'K\@T$(C?;3]$(^M>`S$(^1$0'U=GE^G3UA$AV^7EV:#40@(^79M^
M?7HZPB!'R_/KSKT]X1]:]$(@1[?+UZ0B`$1^D>S7@.D_2$-Q\WEZM_-Z->@P
M_")W_)V>0:=81&_Z]@W\NW7FOZH1]:]A'R(CY=NO)B$8HS5FO'_'['DQD[)<
MJYC:U$+1K$B4;&O9J;F9J:?(1<)`0,+&HKOI.5E9%T1,I2E!)!/ON'"B+5%=
M9.4Q&)OL[?)C\<H:X8,=2%554;F9F.@51K/J=%4%BH,;ELM982Q?(W[%;=)#
M0%F+,9*JJ-229#V&K,0H)&$L3<X<,9GQ=E+)U,)8S_@[6)2VW>E/_A%*T-HF
M/9VE=LO&2S.WOL;3#67?TB8CD'K>PGC496*>LW;ELX9.R(3&3X=E\3D;;&W9
MISNZ@2G4&_86)0$%2@JKM%2FY4TMY1T=5964F*QO+<5E;"XO[3N?\+3+U$.P
M.``\B&#FDP8TW4,*FP.C*S*R,!G?,>8L=X$QW9,IY3L;2KTVK,Q=2#]SNHNY
M7/N1E%1+(@BYE9J4<[(M6J)3*K*F`H!YQ"$Q6*O\UD*>,QM,U+NH9`#T]R3T
M"@:DF4@#$Y?7UKC;5[R\8);H)D_@`/4GH`-28X6>HKS2R?S\R260F_?:MANH
MO788PQ:#H#M(M,X';FM-F\`X-I:[RK4=EE_;28HG%LV$">*HOV9P+BEAP?'E
M*&VIEJJ_Q:TM6/7:L]5IJ>B]7/S-Z`<T<RR=WRZ[#W.Y,=2/\.EI)?=F]&J,
M#UZ*-!ZSKF'&R`#M[N7LW\X;CZ]]B^?LUO\`^9U/69_7&F_]OVX/T_#TC+&&
M4U,:W-&80#PFLBS7AI,0[`!JY50735V$-OJ'C9(PF^1,#^G4;E7&0M>TWU*=
MP_4)?@8F<':+B+X7"#Y77:WZ"0=9?$`SZ]8W;^/?0OV>K?;YMAVVUJ?V@/I&
M^"Z'K^,3\>C]O^OZ=/LQ[0^Z7X_MA\>C]O\`K]?K]>GV:SG(3A]TO\C%Y73H
MZG+!)Q!<?^05A329JF;1&-LDR[D"D8G,)4&-0N#Y<VQ6!A$J4?(*&^HW!%<?
M"\-1*E^?^.F*U,[@:9W`;JU%1U]34ICW]70#75EUF#O?&^5+N&/R#`+H$<GI
M[*WP]F].ATZ="&J*BQ(@1V_A_)^7LVVTA'.#Q:S?EGJR\EN:T%+<MLS<9L2<
M:K\&.<686XU3E3QOD:;BBRUJ@SY6R+=9VI6RS27O[JN$$K!H=%BT=F!)0/#`
M2O;\Y+A\9XPX_B*U'%VF1RV0H=VM<7:O6I*TD;LTJ:O342#?4P+%1,:_11G'
M<MDO)&=RU&KDKJPQMA6[5*A:LE*JPFZ]VK49'<S*Z*LE#:$2$FM(X4X@Y'XI
MI?(G$_(+.N2LU%B\YS\=@W,%S""1O3S"4[B+%,M`+"^9QGA/9^K7:9GH]=XY
M25*XD8Y14B*:)R(A6_+\IQ_)W=AD\%96]F6LD-Q0I[NV+A:]8,)$Z*]-:;A0
M=%<`DL"QL+BF,SN.M;[&YJ[N+O;>,+>M4V]PT&HT64S`D62HU12Q$BRD@`$"
M*,OQ0YW7KK1YFZ==;Y_YIHF(ZC64;K7K$2DX5M-L9MI##^/\F)02SF1QXR:.
MT6CZYG;%74(*PMT2][O*"935R_E_"[/Q':<\N,'9ULK6J]MD[EPB$BO5I;I"
MJ2-*8:0TF=)#2*B_,.87?E2ZX10S-U1QE*F'5NW09P#0I5=NM(`R-24^LAKK
M%WG%SC[RWPMF_(CW-7+J\\H<03.,ZDWH@7BJX_ITE5K\2R3Y[:@M'45A&(R*
M1X1".4;O%$2=CA5$0W2`YZ>Y+G>+9?#T$Q&+HXW*I</W.V]5P]/8NP[JA8K\
MVZ8F92!!UD+9X]A>2XK+UVRV3K9#%O03M]Q*=,I4W-O$J8$_EVD-+U(])FFG
MJ4<B^7?'OJF\)>-&+.6V8H+#O*2T83:W>O+QN*9)_7R9#Y`/L=65"G33S&QW
M<>Q^'!2]S2<@[.V<$,<3G(8J9+9\?X'BV=\:YCD.2QEH^6QM.X[;`U@'[5LM
M5=ZBM(D-/<1MFLM)@DU?SS.<FPOD/$X''Y*Z3&9&I0[BD425[MR:3[":4P-L
MI`SD?66@Z@J[#J5^#BX56:FK&K&M$VJDY8G#5U.2AB=[=W*.&+*.:*NE1'VA
M202)Z"@&N<;BJM>LU542F&/TH"%'P$R2/UDD^\=`4*1HTEI%G<J/J8S8GW)`
M`_8!^@1S"=;#DAR\XF\FN(]-X]\K\L42M\FIZQQ]K@W47B^RQ596)?:;$M7%
M0)-8^7E6C=JRNBB96[AVY)W&J.P@;Q#*=&^(,!Q?E''<I=YS&6U:XQR*48&L
MA;^%4/SRJ@$DTP9A1]3>@`CG_P`K9SDO&\_C;7"9&YHV]^[!U*TG"_Q$$TG3
MF``YT+'H/C%G=;XB<Z<>YGP)<%>H9EK/6,(G([L^:,:7RBXCI#&1HYJ'<C1T
MDSG:/`1,P\78W=**14C>ZJF[3="H8R1&Q@/75SRKA=_B;ZS_`"&UL<BUN.Q5
MIU*]0BIW*8(*U&90#3WD/H5VR$RVF_T>,\OL<K9W1S=S>8]:Y[]*I3HTYT^V
M\B&IJI)%0("NNX-,R`,_`]5/J>6#A[)XGXT\<J;'91YI<DY&&A,5U69$%*S4
M65EL9:A#6JSMR/XY>0=3MC%1E$,Q6;MCK-G#ATL5%KX#K-\:^.J/*J=UR'/U
M6MN)8]6:LZ_6Y1.XR*9$`*DF=I$R9543::X?D3G];C%6VP&"I+<<JOV5:2-]
M"!VV*[:B99_E19@:,S$!9-^]4NG3RDO-7B)GD_U1^:#C*[Q!-]8FG&"PXMP-
MBR&>NT$CN8*OP+?$<W(3,?$+;HI/W)VJCPA?&,U;G4,F'QN^>\;LKIZ7'..8
MD8L$A3>+6N:S">C,YK*%)Z[1/;.08@3/VMN#\AN[=:O(.0Y0Y$R+"T:C;T5/
MJJKV6+`=`QENEN*@DB,&!ACJ<X&SW=\)U;F5=^2.+LU\/N24MA26RK7*7#6G
M%&?*HOC^LT^2N-^@:PM,KQ\2MD5!^S<(+LFS]4BR"C--1!%929.8\=9O"4<Q
M<XFC89*SRMHMP*+NU.O;/W6J"G29PH9NV592&*B1#D$@1'Y7S[#9BKB;?*U;
M['W6,NFH&LE-7HW"=M4-2HJ3(4U`P8%0VH*3`)\GR]P)S[XA\-,P9Y9]5G/5
M[M6&,<FL2$2_P]@^.A9]XP<,61$';IY7+!8$TE$W&YU5GKEPH<.\=01,.LGB
MN;X3RCE=KA6XU8T;6[N-NX5[@LH()F`&5/3H%`]`!&-R;#<SXSQ:YS(Y'>5K
MFUH;I&A;A6((&LU9_7U8GW,8VZ;E.Z@_//AE2^2$QU1\VXWMUSE;]$)PL;AC
M`]FK<6>IW"9K+%V=%U58:3D".D8PJRJ8.6X]XPE*<-@U(^0;O@O">6UL!2XW
M9W%K22FQ8U[E6/<17($G8"1,IR.@Z1@\$M>:\QXM2SM3D-W0N:KU1M%"W904
M=D'5%)G*<IC7UC97F7)\P^-72(DLIV/D'?ZORQX_T6./9+O6U:'+1F0)V3RM
M6:VM*6AA,UBS1SYH]K3H5&9&QFBS470@IN<@D+KO%*?%.0>41CJ%C0J<8OJQ
MV4W[BM244'>2E70@AQ(DA@VW30S,]RBIRC`^-&R%:]K4N265$;JB=LBHQK*I
M+!D8$%3,`;2)Z])1^CTO1Y!<RNFKC/-.2N7N>8S,^8!R:N:^5]+%*"=/=4G*
M64<<0"4'5UL9JP3N*590;1V^0>D76<N$=B+H$$2Z^?D<X'B?D*XQ&/Q=BV)M
M#1';;O'N=RC1JMN<5=X,W95VD``ZACK'[\?G-<IX';Y:_P`G>+E+GNGN+V1L
M[=:K27:G:VD252VX$DC1E!E&E719YG\M<A<V^5?$?G1G2ZW3+.'HN30I=7?Q
MU)@*LLZH%Q?5+)BQDH"F0SR>=NPEX9]$*%>%2-'IN5R)K)F!1+</+O$N,6/#
M\;R?AEE0HXR[8&HX-1WE50/1^JH=H!6HKC;/>568(D=4\5<IY+?<LR/&^7WE
M6KD;53L0BFBDTW*5?II@M]2,GS2*[FDPU%H/6/Y%V;C!PDMV1<<7BY4O,TM;
M:?C["):0$,XD[)DVY2!VK"$<1TY7[(REV#6O-I*34:@@55P$?X::A#F`=5SX
MGP-OR+F-*PR%&E6Q*4GJW'<W22C3&K!E92IW%5G.0W3(TBP/*&;N,!Q.I?6-
M:K2RKU$I4.WMFU6HT@LF5@P"AGE*9VR!UC`_)VH\NN,G2\O^9[-S,SB_Y5XR
MPU%7FTV5JEB4:A\?'?0KRPUUE6/PO"/7K$;[XO&-E?8=*HD*X.<%3>S-<<N^
M+\B\CV^(M\39KQJYNVIHA-;N=N3!&+]Z8<R#D=`?EZ1$9^VY+@/'U;*7&4NV
MY';VJU'<=G9W)J64+VI;1,H#U(^;KTUDZ;]/ZA'/+A=3^2,IU0\UX[N5RD,A
MQ+:!88>P1/5F,=5&VS59C'2_O-/CI5XW=!&$673*LD8!.)2F`-AUL7/[S@O"
MN7U>/T^-V=>THBDVXU[A7(J(KD:.5!&Z0,C&O\%MN:\PXK2SU3D%U0N:IJC:
M*%NR`H[(#]`)Z3.H_3%N\UQDR%F[A/B/#&9,D3$%GVOXQQ:YM>5&A6MG52S9
M`4EE%7:9EHY-Y&,;?7+)*/95G)-$W+,7D<^5!LZ:K^"Z1JRCR.PQ'+[K+XJW
M1\'4N:VRB9J/MVJ%J:J2":;H`C(TFVLHW*PW*;+J\?O<OQ2UQ65KLN92WH[Z
MP`<]]:86HQ$P'5R7#@$;E8[64R8>/X[]/MC@>AYVK2U[KMKF<Q4VR8_ATV^-
MY2O8TH%/GYS)]V5A&='<9-LELG6TAD+,4[)2@JVI`[QNHW:-A8$;E4-FY[G5
M3-7UE<"C4I4[2LM5IU0]6K45:-/<:G:1%E2H4U25$A3N9MY8B,7"<*3#V=Y0
M-:G4K75)J8E2*TJ:,U:IM%,U7=@:E:H[SJB8*HNP`1J;UFN)^<LU5:LY6Q[9
M)FUTC&$8Z5L^&4$BBG&G$[I5YDN":M"%5G7R,<J#9\DL"J[1FEXC;ZL[DH;/
MXEY/A\1<U,7?4UI7=RXV7'O[46)^D3U4B09C)OW9_'G.%R&0I)>6SL]"BIG2
M]NLZ@EU,M"#,@:CUCEP"IN0_FP`?\78?T]H#V:Z/^Y'N8J3[0^G2)^$W/V8?
MFUY]R/<_LCW[5OY"(^$W/V8?Q0]?TZ]^Y'N?V1X;-CU]8_R2S62A68.U04%J
M0Q$U#^ULD!Q[J9C#YNZ)O9W](@&OW2:G4;:#KUC\5DJ45WDDI/7X1Y?XE*'\
M]OZ^_P#0.VON:/Z8QON![Z1/Q*3[7_/'Z=.S^F'W`]XR=AR@9#S[D:N8KQ5`
MO;3<[2[!K'QS0W=1;-R>V]E99V?=O%PL8V[RSITL)4D4BB)A'L`8[+9"PPF/
MJ9+)5!2M*8F6.L_95'4L3H`)SGTC,L:-UDKI+.Q!>Y8R`'I[D^P'4DZ2CO&X
MPXIM^#\%8ZQ=>\BRF4;/4H)*/D[9*`7VS@<ZB4/%J'2)(+P4`B<K-DH].J[.
MV1*)Q('=23XKY'E+;,YNXR5G06VMZKS%-?U39NH#-]3!?EF3*?4]%8JTK6&.
MI6MQ5-:LBR+?S#UD.@GK(",]?+V_/Y>K4'(Q(QQ\]4CIH<J.'G(RZ=4'IPV*
MQ1Q'DG*Y!S!1*8`J6:F/I-;[WO\`8&E;%-=CD+$MG?H#(S<0LBY,P6446%!1
MBGWV/57C?R'QKE?'Z/CGGU-&(1:5"H^B5`!*FI;K2KJ/D2H"-X`&[>0'YC\@
M\#Y#Q?.5?(/!ZCK-C4K4TU>F3K48+TJ46/S.A!*DD[=@FEYO2@ZB$=U'N,3?
M*DA!,*AE6DSZM!S#4XDZXP36U-F#*49V&J@^=/9(E3M<2^3<-DG2BB[-R1RT
M,JX]V!RM3?DW@E3@/)#C:;M4QE9.[0=OJ*$D%'D`-Z$$';HRE7DN[:+=\<<V
M3G.`&0=%IY&D_;K()[0X`(9)DML<&8GJIW+-MNXT0V.$SC/_`+SAR+8<>[[0
M\<Y#_#.IN"6/(]%DLBU<(5/BAA,)-@O6(BTTQ^L[==],45B2*/@F+N('+N0U
MT6]?#4?\.U@^<HUKBQ-PXVT:@I//[VXD=[)4$AK^Z9CVBGZ]++5O/U\F%K4:
M%[]NGS5:9JIM^SH3!17IF9]"&$OCTCH?XEUWG75\N9YB>7V6:)ENF%J&%Y#"
ML[C3&:>-*RB^D);,1,E,'T:Z=3LNM960,8(JA32KMN1BHU.4I%5E=Z(Y/<\,
MNL78UN+6M:UNS5N!<+5K&JY`6@:1!&T;#.I+Y`=P:9(`B[>-V_,+;)WE+D]S
M1N;44Z!H-2I=I`2:XJ@@ECO$J<_G(VE>A)B@_K)"/]N+TC?7<>+H#M\H?^WC
MG]>KM\3_`-S?*/\`<WG]B$4WY1_O:XT/]K:?VV.NO;7+L=+1R!_O*:$LYY4=
M,UO7WS2,GG$_<$862?LS2+&/EU<BX>)&OGL>1=J=^T:/#$451!5(52%$O?+O
MN'4W^'WLKQKD+5P6HA$+`':2O:K[@#(R)&DY'X@QS+YX%5N0X`42%K%WVDB8
M#=VC(D3$P#J1,$^AB[RETSJ@U;DE@R0RUG_"^4>.TK+WACE.MXFP6?&TI$+)
M8INSFE.Y61M%LR-+*U9>Y-FAE5&;]FZ))`T2'OM5ED]4[=W?CBYX_>T\98W=
MMR`)3-%JUQW00:U,5`H1*2[Q3+2#*PV;R),`8MJUM?(%MGK2IDKVTN,$S5!6
M6C;FD1*C4[9)=ZIV&H`2593NVC521%`O)N8&"_>B<*2&3G"*%25F\*Q>/U9$
MKHC8J4[A,8*KI-S.S^[B=;,L@Y*D9OW42N3!N`J@IO=_':0K_P"'"\3'3-SL
MN#4E+4I<;GG+VH`3G,D?#;%,Y^J:/^(.T:_/_#[Z"TYSTW4-JRGI_P#<3*6D
M_C..SD-NP?+Z-<F3G'4VAB![->3ZP]8K6ZP_]V+S._[-R?\`Q:(U8/BK3R)B
M?^;7\&C0_)__`(!E?^5/^L(UJ_=VP`>E5A#</^<<U?UL6SS^G6P^=]?)5X?7
MM4/ZE(@?"/\`=U:?[VO_`%SQF3KA]G2KY@?]&TW^M>@ZBO#NGDK%$?\`ZU/Z
MBK$IY;_N[R9_V2?UU./&]`$`_LD.)G_GC_Z8S+K*\W:^3\I_TW]DH1B^&?[M
M<;_U']JKQ4?U?Z^^Z=O59XC=3FF1R[6A9)G(NOYK"-246][E*U&(T?(3=1N4
M!02>7;!<R4C`I2'$TC$KN1`50W-:'BRO3YYXTRGCJ[(-[;HS6\_17/<I:]94
M[E?F]D<+.6D5KY.HU.$>1L;Y`M5E9UW"UY>I4=NJ)>AJ6Y^7_20L1.+*\HIQ
MW/7JUX4QG'+-;+Q[Z<U`AN260'C4Z;Z`LW(O+[1H]P9"*K(*.&CL:S4F[6SQ
MRY=@$2O$C=AB]ZOL<:G"/%]YD*NZGG<_7:TI#HRVM`E;EM92WN6I,-?W3Z1O
MN0"<R\DVE@DJF$P5%;JH>JM=5@#;KI,':@%53\&$;4=8?^[%YG>G\&Y,/][1
M&M:\5_WAXF73[L?@T;#Y/_\``,K_`,J?Q6*5.DA2^I2_Z5]2LW$_D%@2GP$<
M^S7*TC'=PP++VVZRDY%W.V^]P3F^&O9X4J5AGDSJ-3!75%&PG33,*A`-WK<\
MH7GCY/)-6WY/87M:NRVXJ5:=RM.F%:FDF%/M[OD66[^)K(G0RE5/C6UYV_CN
ME<<<O;.E14US3IO;L]0L*CS7N=PK)F^G^%H9#4`SZEL3_%@XLQJ-^7?.[V-`
MIWQJZE&\<SDW-M^'8[XC7D6D.T81#5\M,>,95-J@BV(H(@DF0@%*'.&3^U_,
MKC[$`67?J=L`D@)O.P`L2Q`64BQ)EU),S'0V.^Y_+K?[TDWG93>2`"7VC>2%
M``):<Y`#V`$>_P!@VV^3S:PHS/AZ0V#??20A%#'4"Z;K!-Q.9VP/`I),U3.)
M7(6.XIJ4",CCWEWMKJ;%`G8Q,;=1\P3#Z@1%9$`2[Y$[NX)Y!<A,'FW^;Z:5
M5M2?9')]?16)UT!UU.@\AXTLVO[!9+U=!Z?Z2CV]QZ=1ITI8^`OZ$/XF_P"H
M-M]6_P#>'WC2.Q#X#_H0_P!&/\G3[P^_X?Y(=C]/[#'YDUC!*9B)&*62*4DB
MR<M!."8B9$5DC%36('9[:*FQR^80,4-?2E?FE46J#JK`_IZ?YX^5>S6M1>D=
M"RR'Z_\`)U_9%(TAD1>-?OHYX8".X]VY8NB`(&`CAHL=!8H&`!`P%43$-]^W
M5NIC5JH*B:HP!&OH=1'/]7DM:C4:BXDZL01[$&4ND95P-5\J<F,J53#&%ZO(
M7/(%Q?`TC(ID0I6[1NF'B2$U-/U`!K#0$.T`R[QXX,1%NB43&'S`,9FJV,X[
MC*N7R]1*-A16;,3K,]%4#5G8Z*HF6)TB0PV1RN?R5+%8JDU6]JF04=/BS&7R
MJ!JS&0`$=_/3UZ?>/>"N,21K55G;\R6EDU4RADXS4R:DBY+W%_AFK$7(#B)I
M,2Y_8I#W5GJI0<N0[_AI(<.\[YQ?<TR?<(-+$TF/9I3^D?TF]&J-ZGHH^5?4
MGK_B?%J'&K$4R15R3C^)4]S_`$5]0@/3H6.I]`+#`V\^M&C:X@?/Y=G9^?S:
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ML;P%(D;ID9Q9,>1-`J53;P]IM9&Z+"&=S[]TJ#HQE@13(9-,"E%2F<YQ7"\?
MX^]P^5QV0SE2ZIHE.TJM4"40E5JM1RR)U84U42D)L9GTMW"\GS&=SJT%QE_8
M8>G;5&=[JDM,O5+TA31`K/T4U&8[M9"8]Z4>K'BGEAF/J=\1.3''KB)G'+V/
M.);K$LE/R258=TQ"XVC&.>9S(L[7:U\7(1CU:*5C6S5%M,E;JL79W)E&_BH)
ME46M_P`99+C.*\=93CN<REG:W^4%8*-XJ=M*ULM)7?9,!@9DTY[ED`TB2!57
MDC'<CR?/\9GL)C+RZLL::)8["F]Z-PU1E3>!-2`LJDBIG\LP)FTB0ZB?)'*L
MSBC&V'.G?SBQ19+WE?%D#>LIYXQ#5Z]C3%N.'-\K:F4+,JY8W&S*6!=M0DY-
M)LFNE&`5=1-4IQ4*5$];4^"<?QM*ZR&5SV&N;:A;5FIT;:N[5:U44W[22*)L
MG4V$R+Z`@B1)%A5.;Y[(U;:PQF#RUM<5KFDM2K<446E2I&HO=>8=MTJ>X"83
M4@SF)&MKKLX/Y1<D^3W$FR\;>,68LNQO&-[,2]QF6-7<P-;E9E_:Z%:&<%7Y
MFP%8??B!6=8[J[]DDZ8E47[A%%%$E2$L#PQF.-X#CF4H<@R5I:U,B%6FI<.Z
MJ$JH695GM,W!"L0T@20`03H?F#$\@SO(,;7P6/NKFG8,S.0I568O3<*I:6X`
M+(LLUF9`D@@6;)=1'D%E2R8>QUBWIV<Y,73ESRYB.,R'D3/&**Q4\8X]QD%\
MK3_+\FI-QUOMKJ5<JX_;2K)@*K2.,#E=)<#%4(5(:\/`\%C;:[O\EGL-<T:-
MK7-*E;5F>M5K=MA07:R(`.Z49I,^@8=-1O\`_P![YK(U[6RQ^$R]O6JW5$5*
MEQ15*-.EW$-8[@[D_P`,.JS5=2#.8D<9=8?I*ON?;*B9IP9:XK&_+'#+1!G4
M;#*N7\7$W6M1TJXL475I*?BDW$E5YJMV%XN_@Y-)%8B+ERLBL4I%RN6LCXJ\
MH4^$O6P^9I-<<9NS-U`#&FQ`5G"F0=74!:B$@D`%9E2K8'D[QL_,EHY7#U%H
M<DM1)&::BHH.Y5++JC(Q+4V`,F)!T.Y?-\?>I5S@Q-68S&//KIL<QYK*%9;E
MA'67^*^)$LZ46_&C$3)!8YIE2Y@8VM2DD"1/%^['<BR=.5!5229(F\!'(SGC
M[AV3N&R/">0XE,;4.X4+RO\`;5*<_P!U346;A?3>$8"0)<C<<?"<\Y;C;=<?
MS+`Y5\C3&TUK2C]Q3J;1]3!#)2?7864F9`0?*-E.-O*+D]RSY6LI<W%CD3Q7
MXDXVQ!=55WW(^K)XZON7\PVBQ49A6(]3'HRCMU$P--K,=-N47`+OB*JN0\8J
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M9\1Y7Q1EG%33*,E.M+K1)QC5I".MF;+[<(M:"O;5N\IS]Z6,MS4%&!GR<D`@
MH<K<R*9U0S?,%:PRW,KOD>(NK6YQ5R:(4TZBEP4MZ:$-3)%0":'YMNSTF"0L
M8GB>C>XKB-KQ[*VUS;Y.W%4L'IL$(>O4<;:FJ$R<?+NW>NT@$QESJV\0C<U^
M">9<30\4,KD6`CB93Q`DBF*CX^2J`W>R$7%1I.Z8AGUQA%Y"`+WNPI98P[E$
M`,6*\7\I_P"T>:6F3K-MQ[MV:YZ#LU2`Q/P1@M3_`-GZHDO)/&3RSA]UC:*[
M[Y%[U$#KW:<RH'Q=2U/X;_UQC/HI\/;-Q(X2TX,I1TRRSOFI9KE3+2=H([+:
MX0SJ'CH+']#F0DP"6CUJ/CZ(CVZ\<X`IX^25>)]TAN\&I'R[RNWY1S"J<<R'
M"V<Z-#9+8WS%JM19:$5*K,0P^M`AF=(P/%/&*_&N)TAD%89B[/>K!Y[UFH6G
M3:>H[=,*"I^ERPD-8R5U;HV]7?@AGK#>*\99`ROD_,=.4IM-JU&K,K+$%=:;
M@E)23GI])H:O5EC%10JN"?>#IL=\=(46P**=[N8'B][*TYI8Y7)7%"VQEK6%
M2H]1U7]UI!5GN<L9#Y00L]S2'7/\DI=W?#[S%X^WKW-_=4MB)31C^\NXLTMJ
M`"9^8C=*2S,57=+OD'R/X!\-ZSQES-TSN?%EN])F[Y-0TUB7&%4N=/L#*X62
M6M+$DG+O+S7W5=>M7DD9JLDFWD1*DF5<!$3@B6R?(^"X_P`WY74Y#A^0X.G9
MUTIJ5KUGIU%*($,@*;!@0`P)*]9>DXKOQ]FL[PWB]/C^5P&9J7=*I4*M1I)4
M1@[EQ,FHNT@F1`#])^LHOTXH7',&1,`T&_9XICS'&3[I\4VJ9QY)($;2M"AI
MZZ6.4H]*F$RLX\PS-5H;F,8/#J(D74<MSG5`53'$:3Y-:8FPS=>RPE87&-H[
M$6J-5JLM-!4J+J?E>J'99$C:1+247+QRZR=[AJ-YF*1H7]7>YI'K35G8TZ;:
M#YDIE%;0&8,]9QL3J!B;AI"(V#2$5&<P>#<<+F4RQB6'(D@J9:0N-+CD0*1N
M<=U75@KS5(``K4PB)W;0@;)#NHD`$[Q26OQ+FU4JN*RK_-H*=1CU]E8^_LQZ
M]#KJ=0R^!0L;NT7XLH_$?SC_`-(K)_#P/]F_.!M_T#MJR?OG.H.D:S]L/80_
M#WY/=A#T;`/;V;]H]H@'9I]\PU)$_P"7^8B/?M@!J(Y)JUAC*_+7EC/XBX_U
MJ2N]RR+E*YC6XYD*9&K:)6LDD[6GIN1*<\?#5R'C3>\/7RIP0;HE$PF'V0'I
M6ZR^,XQQE,KG:BT;2WMZ>\G4EMB_*HZLS'1%$RQ,OT<?+CLER7E-7'81#6N*
M]U4V``2VEV.YCT"*-68R``C^B!TP>F)BGIQXD")C5&5XSO<V#-3+V7U6@D<2
M[HG<<%J-0*Y)[U"X_A'7[!#V5WZY0=.@[_A)-^#O(OD7)\_RO=J3HX:B3V*$
M]`/Z;RT:JPZGHH^5?4GM7Q_P''\'QG:0BMF*H'>K2ZGKL0?NTU/0=6/S-Z`6
MA;`(:KN+`B=(0VWTA$;!Y;Z0Z0$`'2$-@TZ]80V#7DH0V#7LA#K#8/(1TA#8
M-(0V#7DA"&P>?Y?3I(0AL&O9"$-@]&D(;!I*$-@TA$Z0B-@]'FTEK.$-@]&D
MH0V#^#2$-@\^@`$(;!IZ2](1.D(:0AI"&D(:2A%?W(+BY'F</KW0HU))%05'
M=AKC1(`(B<PB=>5B4$P`"H&W$R[<H;$'VTP[O>*7?>/\GJ`+87S$GHCD_P#Q
M;\`?VZ]8*^Q:DFM0$@=2/YQ%7G(6"R$SQ^\IN%:RXMF=\JF6QWAVMLS@@8;9
M/-%TEK9*/CB5M$57'<0#B<E7S@Z3=!HQ$HG!11(IK*P=S8->"\RU04L-:_Q:
M[G^@.B`?O/4;;311,DL#*0)C2>2/>6^.:WQ*=W-7/\*@L_WV!^=O9*2@U')D
M`%ZS(GOWTO>E[B3IO8D^Z8GW"Z9XNL>S/F#,"C,4W,NY3$CDM0J!7)/>X3'T
M*Z_8(>RN_7(#IT'B>$DWKWR/Y&RGD#*=VK.CA:)(H4)Z`=-[ZR:HPZG4(/E7
MU)D?'WC[&\%QO:IRJYFJ!WJTM2>NQ)ZK34]!U<_,WH!:1JNOQBPHG2$-(0TA
M#2$-(0TA#2$-(0TA#2$-(0TA#2$-(0TA#2$-(0TA#2$-(0TA#2$-(0TA#2$-
M(0TA$#M\O\.O-)_&4(U_H?X&_BU=OA/[L_%'[H)[YXW?]Y^$/>V'WG\$^-_J
MOPW\2^#]\>X>U[_[G[[]5]UZG[_\[_*J'W>_\LW&7MOD9=SUW[)]O=^[NV:]
MR(NW_+OS&IVI??[/7KLF)]OTV[I;]NN[;OT[<;`=GE\^H#3TE$I$AZM!\(0U
M["&D(:0AI"&D(:0AI"&D(:0AI"&D(:0AI"&D(:0AI"&D(:0AI"&D(:0AI"&D
%(:0C_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
