Exhibit 99.2

FINANCIAL SUPPLEMENT

THIRD QUARTER 2022

Forward-Looking Statements

Certain statements in this report, including information incorporated by reference, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 ("PSLRA"). The PSLRA provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. These statements relate to 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 industry actual results, activity levels, or performance to materially differ from those expressed 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, and we can give no assurance that such expectations will prove correct. We undertake no obligation, other than as federal securities laws may require, to publicly update or revise any forward-looking statements for any reason.

Factors that could cause our actual results to differ materially from what we project, forecast, or estimate in forward-looking statements include, without limitation:

•Related to COVID-19:

◦Governmental directives to contain or delay the spread of the COVID-19 pandemic have disrupted ordinary business commerce and impacted financial markets. These governmental actions, the extent, duration, and possible alteration based on future COVID-19-related developments that we cannot predict, could materially and adversely affect our results of operations, net investment income, financial position, and liquidity.

◦The amount of premium we record may be reduced and our underwriting results may be adversely impacted by (i) voluntary premium credits on in-force commercial and personal automobile policies, (ii) state insurance commissioner or other regulatory directives to implement premium-based credit in lines other than commercial and personal automobile, and we may be required to return more premium than warranted by our filed rating plans and actual loss experience, (iii) the effects of our voluntary efforts or the directives from various state insurance regulators to extend individualized payment flexibility and suspend policy cancellations, late payment notices, and late or reinstatement fees, (iv) return premiums that could be significant because our general liability and workers compensation policies provide for premium audit of revenues and payrolls, and (v) collectability of premiums, which may be impacted by policyholder financial distress and insolvency.

◦Our loss and loss expenses may increase, our related reserves may not be adequate, and our financial condition and liquidity may be materially impacted if litigation or changes in statutory or common law (i) require payment of COVID-19-related business interruption losses despite contrary terms, conditions, and exclusions in our policies or (ii) presume that COVID-19 is a work-related illness compensable under workers compensation policies for employees who contract the virus, regardless of whether they worked in industries defined as essential in various COVID-19-related governmental directives or interacted with the public as part of their job duties.

◦Our net investment income may be impacted by the significant equity and debt financial market volatility resulting from the COVID-19 pandemic and the related governmental orders because (i) financial market volatility is reflected in our alternative investments’ performance, (ii) increased spreads on fixed income securities may create mark-to-market investment valuation losses that reduce unrealized capital gains and impact GAAP equity, and (iii) net realized losses may increase if we intend to sell more securities, particularly in asset classes that are more significantly impacted by COVID-19-related governmental directives and to which the Federal Reserve Board is providing liquidity and structural support.

◦To varying degrees, the effect, lifting, or lapsing of COVID-19-related governmental directives have disrupted supply chains and caused shortages of products, services, and labor. These shortages may impact our ability to attract and retain labor, including increasing attrition rates, wages, and the cost and difficulty of obtaining third-party non-U.S.-based resources.

•The ongoing Russian war against Ukraine is 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 valuation;

•Difficult conditions in global capital markets and the economy, including the risk of prolonged higher inflation, could increase loss costs and negatively impact investment portfolios;

•Deterioration in the public debt and equity markets and private investment marketplace 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 such as hurricanes, 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 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;

•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 ratings 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, but not limited to, our Annual Report on Form 10-K and other periodic reports.

These risk factors may not be exhaustive. We operate in a constantly changing business environment, and new risk factors may emerge any time.

Selective’s SEC filings can be accessed through the Investors page of Selective’s website, www.Selective.com, or through the SEC’s EDGAR Database at www.sec.gov (Selective EDGAR CIK No. 0000230557).

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
						Sept. 30,									June 30,						Mar. 31,						Dec. 31,						Sept. 30,						Sept. 30,									Sept. 30,
($ and shares in millions, except per share data)						2022									2022						2022						2021						2021						2022									2021
For Period Ended
			Gross premiums written			$	1,047.1								1,059.1						1,006.4						865.4						939.9						3,112.6									2,813.8
			Net premiums written			903.4									930.7						889.8						745.4						812.9						2,723.9									2,444.3
			Change in net premiums written, from comparable prior year period			11			%						12						11						9						13						11									17
			Underwriting income, before-tax			$	27.1								37.7						55.8						54.1						10.9						120.7									164.5
			Net investment income earned, before-tax			63.9									70.2						72.6						80.1						93.0						206.7									246.5
			Net realized and unrealized investment (losses) gains, before-tax			(25.7)									(42.9)						(40.4)						2.2						0.2						(108.9)									15.4
			Net income			$	42.5								39.5						56.3						99.0						73.7						138.4									304.9
			Net income available to common stockholders(1)			40.2									37.2						54.0						96.7						71.4						131.5									297.8
			Non-GAAP operating income(2)			60.5									71.1						85.9						94.9						71.3						217.5									285.7
At Period End
			Total assets			10,520.5									10,317.7						10,310.5						10,461.4						10,442.2						10,520.5									10,442.2
			Total invested assets			7,536.1									7,585.9						7,774.7						8,027.0						7,859.2						7,536.1									7,859.2
			Stockholders' equity			2,427.5									2,594.1						2,778.2						2,982.9						2,922.1						2,427.5									2,922.1
			Common stockholders' equity(3)			2,227.5									2,394.1						2,578.2						2,782.9						2,722.1						2,227.5									2,722.1
			Common shares outstanding			60.3									60.3						60.3						60.2						60.1						60.3									60.1
Per Share and Share Data
			Net income available to common stockholders per common share (diluted)			$	0.66								0.61						0.89						1.59						1.18						2.16									4.92
			Non-GAAP operating income per common share (diluted)(2)			0.99									1.17						1.41						1.56						1.18						3.57									4.72
			Weighted average common shares outstanding (diluted)			60.8									60.8						60.8						60.8						60.6						60.8									60.5
			Book value per common share			$	36.96								39.68						42.73						46.24						45.27						36.96									45.27
			Adjusted book value per common share(2)			44.59									44.18						43.80						43.23						41.56						44.59									41.56
			Dividends paid per common share			0.28									0.28						0.28						0.28						0.25						0.84									0.75
Financial Ratios
			Loss and loss expense ratio			64.1			%						62.9						60.8						60.4						65.9						62.7									60.0
			Underwriting expense ratio			32.6									32.5						32.1						32.5						32.6						32.4									32.4
			Dividends to policyholders ratio			0.1									0.1						0.2						0.2						0.1						0.1									0.2
			GAAP combined ratio			96.8			%						95.5						93.1						93.1						98.6						95.2									92.6
			Return on common stockholders' equity ("ROE")			7.0									6.0						8.1						14.0						10.6						7.0									15.1
			Non-GAAP operating ROE(2)			10.5									11.4						12.8						13.8						10.6						11.6									14.5
			Debt to total capitalization			17.2									16.3						15.4						14.5						14.6						17.2									14.6
			Net premiums written to policyholders' surplus			1.45									1.41x						1.36x						1.33x						1.35x						1.45									1.35x
			Invested assets per dollar of common stockholders' equity			$	3.38								3.17						3.02						2.88						2.89						3.38									2.89
(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
						Sept. 30,						June 30,						Mar. 31,						Dec. 31,						Sept. 30,						Sept. 30,						Sept. 30,
($ and shares in millions, except per share data)						2022						2022						2022						2021						2021						2022						2021
Revenues
			Net premiums earned			$	853.9					834.4						812.3						784.5						767.2						$	2,500.6					2,232.7
			Net investment income earned			63.9						70.2						72.6						80.1						93.0						206.7						246.5
			Net realized and unrealized (losses) gains			(25.7)						(42.9)						(40.4)						2.2						0.2						(108.9)						15.4
			Other income			2.9						3.0						1.5						2.8						4.6						7.5						14.9
			Total revenues			895.0						864.8						846.1						869.7						865.0						2,605.9						2,509.5
Expenses
			Loss and loss expense incurred			547.8						524.9						494.2						473.7						505.3						1,566.9						1,340.3
			Amortization of deferred policy acquisition costs			179.0						173.4						169.8						162.2						160.9						522.2						464.3
			Other insurance expenses			102.8						101.5						94.0						97.4						94.8						298.3						278.5
			Interest expense			7.2						7.3						7.2						7.2						7.2						21.6						22.0
			Corporate expenses			5.5						7.9						11.0						5.4						4.3						24.4						22.9
			Total expenses			842.4						814.9						776.2						745.9						772.4						2,433.5						2,128.0
Income before federal income tax						52.6						49.9						69.9						123.8						92.6						172.4						381.5
Federal income tax expense						10.1						10.4						13.6						24.9						18.9						34.1						76.6
Net Income						42.5						39.5						56.3						99.0						73.7						138.4						304.9
Preferred stock dividends						2.3						2.3						2.3						2.3						2.3						6.9						7.1
Net income available to common stockholders						40.2						37.2						54.0						96.7						71.4						131.5						297.8
Net realized and unrealized investment losses (gains), after tax(1)						20.3						33.9						31.9						(1.8)						(0.1)						86.0						(12.1)
Non-GAAP operating income(2)						$	60.5					71.1						85.9						94.9						71.3						$	217.5					285.7
Weighted average common shares outstanding (diluted)						60.8						60.8						60.8						60.8						60.6						60.8						60.5
			Net income available to common stockholders per common share (diluted)			$	0.66					0.61						0.89						1.59						1.18						$	2.16					4.92
			Non-GAAP operating income per common share (diluted)(2)			$	0.99					1.17						1.41						1.56						1.18						$	3.57					4.72
(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)

									Sept. 30,						June 30,						Mar. 31,						Dec. 31,						Sept. 30,
($ in millions, except per share data)									2022						2022						2022						2021						2021
ASSETS
Investments
			Fixed income securities, held-to-maturity, net of allowance for credit losses						$	33.0					32.1						33.0						28.8						25.3
			Fixed income securities, available-for-sale, at fair value, net of allowance for credit losses						6,472.1						6,439.3						6,598.8						6,710.0						6,677.1
			Commercial mortgage loans, net of allowance for credit losses						145.2						137.2						115.9						95.8						84.0
			Equity securities, at fair value						183.9						258.5						344.6						335.5						324.2
			Short-term investments						269.3						289.2						256.7						447.9						355.9
			Other investments						432.6						429.5						425.7						409.0						392.8
						Total investments			7,536.1						7,585.9						7,774.7						8,027.0						7,859.2
Cash									0.5						0.4						0.4						0.5						0.5
Restricted cash									8.5						7.2						17.5						44.6						34.3
Accrued investment income									54.0						50.4						48.4						48.2						46.1
Premiums receivable, net of allowance for credit losses									1,113.5						1,117.4						1,011.5						945.2						984.8
Reinsurance recoverable, net of allowance for credit losses									713.1						572.2						577.4						600.1						686.2
Prepaid reinsurance premiums									178.7						174.6						175.0						183.0						188.0
Current federal income tax									24.6						15.6						—						0.8						1.2
Deferred federal income tax									164.6						109.5						55.3						—						—
Property and equipment, net of accumulated depreciation and amortization									85.3						83.4						83.2						82.1						75.0
Deferred policy acquisition costs									370.9						359.4						341.7						326.9						334.0
Goodwill									7.8						7.8						7.8						7.8						7.8
Other assets									262.8						234.0						217.7						195.2						225.0
						Total assets			$	10,520.5					10,317.7						10,310.5						10,461.4						10,442.2
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Reserve for loss and loss expense									$	4,965.3					4,722.2						4,644.4						4,580.9						4,610.3
Unearned premiums									2,022.2						1,968.6						1,872.7						1,803.2						1,847.3
Long-term debt									505.2						505.1						505.6						506.1						500.9
Current federal income tax									—						—						16.5						—						—
Deferred federal income tax									—						—						—						13.4						3.2
Accrued salaries and benefits									112.2						102.5						90.6						121.1						113.7
Other liabilities									488.1						425.2						402.6						453.9						444.6
						Total liabilities			$	8,092.9					7,723.6						7,532.3						7,478.5						7,520.1
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									209.6						209.5						209.3						208.9						208.8
Additional paid-in capital									486.2						481.4						472.8						464.3						458.1
Retained earnings									2,683.8						2,660.6						2,640.4						2,603.5						2,523.8
Accumulated other comprehensive (loss) income									(525.0)						(336.4)						(129.8)						115.1						140.2
Treasury stock, at cost									(627.0)						(621.0)						(614.5)						(608.9)						(608.9)
						Total stockholders' equity			$	2,427.5					2,594.1						2,778.2						2,982.9						2,922.1
Commitments and contingencies
						Total liabilities and stockholders' equity			$	10,520.5					10,317.7						10,310.5						10,461.4						10,442.2
Note: Amounts may not foot due to rounding.

Page 3

Selective Insurance Group, Inc. & Consolidated Subsidiaries

FINANCIAL METRICS

(Unaudited)

									Quarter ended																																	Year-to-date
									Sept. 30,									June 30,						Mar. 31,						Dec. 31,						Sept. 30,						Sept. 30,						Sept. 30,
($ and shares in millions, except per share data)									2022									2022						2022						2021						2021						2022						2021
Book value per common share
						Common stockholders' equity			$	2,227.5								2,394.1						2,578.2						2,782.9						2,722.1						2,227.5						2,722.1
						Common shares issued and outstanding, at period end			60.3									60.3						60.3						60.2						60.1						60.3						60.1
						Book value per common share			$	36.96								39.68						42.73						46.24						45.27						36.96						45.27
						Adjusted book value per common share(2)			44.59									44.18						43.80						43.23						41.56						44.59						41.56
Financial results (after-tax)
						Underwriting income			21.4									29.8						44.1						42.7						8.6						95.3						130.0
						Net investment income			51.5									56.7						58.5						64.5						74.7						166.7						198.5
						Interest expense and preferred stock dividends			(8.0)									(8.0)						(8.0)						(8.0)						(8.0)						(24.0)						(24.4)
						Corporate expense			(4.5)									(7.3)						(8.7)						(4.3)						(4.0)						(20.6)						(18.4)
						Net realized and unrealized investment (losses) gains			(20.3)									(33.9)						(31.9)						1.8						0.1						(86.0)						12.1
						Total after-tax net income available to common stockholders			40.2									37.2						54.0						96.7						71.4						131.5						297.8
Return on average equity
						Insurance segments			3.7			%						4.8						6.6						6.2						1.3						5.1						6.6
						Net investment income			8.9									9.1						8.7						9.4						11.0						8.9						10.1
						Interest expense and preferred stock dividends			(1.4)									(1.3)						(1.2)						(1.2)						(1.2)						(1.3)						(1.2)
						Corporate expense			(0.7)									(1.2)						(1.3)						(0.6)						(0.5)						(1.1)						(1.0)
						Net realized and unrealized investment (losses) gains			(3.5)									(5.4)						(4.7)						0.2						—						(4.6)						0.6
						ROE			7.0									6.0						8.1						14.0						10.6						7.0						15.1
						Net realized and unrealized losses (gains)(1)			3.5									5.4						4.7						(0.2)						—						4.6						(0.6)
						Non-GAAP Operating ROE(2)			10.5			%						11.4						12.8						13.8						10.6						11.6						14.5
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						99.2						99.2						99.2						99.3						99.2
						5.375% Senior Notes			291.8									291.7						291.7						291.6						291.5						291.8						291.5
						Finance Lease Obligations			4.3									4.3						4.9						5.4						0.4						4.3						0.4
			Total debt						505.2									505.1						505.6						506.1						500.9						505.2						500.9
			Stockholders' equity						2,427.5									2,594.1						2,778.2						2,982.9						2,922.1						2,427.5						2,922.1
			Total capitalization						$	2,932.7								3,099.2						3,283.8						3,488.9						3,423.0						2,932.7						3,423.0
			Ratio of debt to total capitalization						17.2			%						16.3						15.4						14.5						14.6						17.2						14.6
Policyholders' surplus									$	2,386.2								2,404.4						2,418.6						2,391.0						2,319.6						2,386.2						2,319.6
(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
									Sept. 30,									June 30,						Mar. 31,						Dec. 31,						Sept. 30,						Sept. 30,						Sept. 30,
($ in millions)									2022									2022						2022						2021						2021						2022						2021
Underwriting results
Net premiums written									$	903.4								930.7						889.8						745.4						812.9						2,723.9						2,444.3
Change in net premiums written, from comparable prior year period									11			%						12						11						9						13						11						17
Net premiums earned									$	853.9								834.4						812.3						784.5						767.2						2,500.6						2,232.7
Losses and loss expenses incurred									547.8									524.9						494.2						473.7						505.3						1,566.9						1,340.3
Net underwriting expenses incurred									278.0									270.8						260.6						255.1						250.0						809.5						724.5
Dividends to policyholders									0.9									1.0						1.6						1.7						1.0						3.5						3.4
GAAP underwriting income									$	27.1								37.7						55.8						54.1						10.9						120.7						164.5
Net catastrophe losses									$	34.1								45.6						20.6						35.3						76.3						100.2						128.9
(Favorable) prior year casualty reserve development									(16.0)									(12.0)						(20.0)						(15.0)						(14.0)						(48.0)						(66.0)
Underwriting ratios
Loss and loss expense ratio									64.1			%						62.9						60.8						60.4						65.9						62.7						60.0
Underwriting expense ratio									32.6									32.5						32.1						32.5						32.6						32.4						32.4
Dividends to policyholders ratio									0.1									0.1						0.2						0.2						0.1						0.1						0.2
						Combined ratio			96.8			%						95.5						93.1						93.1						98.6						95.2						92.6
Net catastrophe losses									4.0			pts						5.5						2.5						4.5						10.0						4.0						5.8
(Favorable) prior year casualty reserve development									(1.9)			pts						(1.4)						(2.5)						(1.9)						(1.8)						(1.9)						(3.0)
						Combined ratio before net catastrophe losses			92.8			%						90.0						90.6						88.6						88.6						91.2						86.8
						Combined ratio before net catastrophe losses and prior year casualty development			94.7									91.4						93.1						90.5						90.4						93.1						89.8
Other Statistics
Non-catastrophe property loss and loss expenses									$	167.5								138.6						150.4						125.2						123.7						456.4						346.6
Non-catastrophe property loss and loss expenses									19.6			pts						16.6						18.5						16.0						16.1						18.3						15.5
Direct new business									$	184.3								182.0						177.2						151.2						168.3						543.5						497.3
Renewal pure price increases									5.3			%						5.0						4.6						4.7						4.9						5.0						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
									Sept. 30,									June 30,						Mar. 31,						Dec. 31,						Sept. 30,						Sept. 30,						Sept. 30,
($ in millions)									2022									2022						2022						2021						2021						2022						2021
Underwriting results
Net premiums written									$	727.5								760.3						737.6						597.7						652.6						2,225.4						1,995.3
Change in net premiums written, from comparable prior year period									11			%						12						11						8						13						12						19
Net premiums earned									$	692.4								680.2						661.5						635.4						619.6						2,034.1						1,808.5
Losses and loss expenses incurred									438.3									406.9						399.5						378.6						393.5						1,244.6						1,048.2
Net underwriting expenses incurred									230.7									225.6						218.0						211.3						207.6						674.4						602.0
Dividends to policyholders									0.9									1.0						1.6						1.7						1.0						3.5						3.4
GAAP underwriting income									$	22.5								46.7						42.4						43.7						17.4						111.6						154.9
Net catastrophe losses									$	18.2								22.3						14.9						26.8						50.0						55.4						77.3
(Favorable) prior year casualty reserve development									(16.0)									(12.0)						(20.0)						(15.0)						(14.0)						(48.0)						(59.0)
Underwriting ratios
Loss and loss expense ratio									63.4			%						59.7						60.4						59.5						63.5						61.1						57.9
Underwriting expense ratio									33.3									33.2						33.0						33.3						33.5						33.2						33.3
Dividends to policyholders ratio									0.1									0.2						0.2						0.3						0.2						0.2						0.2
						Combined ratio			96.8			%						93.1						93.6						93.1						97.2						94.5						91.4
Net catastrophe losses									2.6			pts						3.3						2.3						4.2						8.1						2.7						4.3
(Favorable) prior year casualty reserve development									(2.3)									(1.8)						(3.0)						(2.4)						(2.3)						(2.4)						(3.3)
						Combined ratio before net catastrophe losses			94.2			%						89.8						91.3						88.9						89.1						91.8						87.1
						Combined ratio before net catastrophe losses and prior year casualty development			96.5									91.6						94.3						91.3						91.4						94.2						90.4
Other Statistics
Non-catastrophe property loss and loss expenses									$	129.8								99.2						115.7						92.3						90.1						344.7						248.4
Non-catastrophe property loss and loss expenses									18.7			pts						14.6						17.5						14.5						14.5						16.9						13.7
Direct new business									$	128.2								129.0						128.4						104.4						122.3						385.6						365.6
Renewal pure price increases									5.8			%						5.3						4.8						5.0						5.3						5.3						5.5
Retention									86			%						86						87						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 September 30, 2022																											Quarter ended September 30, 2021
						General			Commercial			Commercial			Workers																		General			Commercial			Commercial			Workers
($ in millions)						Liability			Auto			Property			Compensation			BOP			Bonds			Other			Total						Liability			Auto			Property			Compensation			BOP			Bonds			Other			Total
Net premiums written						$	235.0		223.8			143.1			74.7			32.4			11.7			6.8			727.5						216.9			197.5			124.7			76.3			21.6			9.5			6.1			652.6
Net premiums earned						225.3			207.1			128.3			82.0			32.1			11.1			6.5			692.4						205.9			185.6			112.0			78.3			23.0			8.9			5.9			619.6
Loss and loss expense ratio						57.0		%	83.6			64.5			44.2			55.4			0.8			0.5			63.4						52.4			75.4			72.8			54.1			82.6			30.8			0.2			63.5
Underwriting expense ratio						33.3			31.2			37.4			26.4			36.4			57.4			52.5			33.3						33.0			31.4			37.9			25.1			46.9			59.5			56.9			33.5
Dividend ratio						—			—			—			1.1			—			—			—			0.1						—			—			0.1			1.0			—			—			—			0.2
Combined ratio						90.3		%	114.8			101.9			71.7			91.8			58.2			53.0			96.8						85.4			106.8			110.8			80.2			129.5			90.3			57.1			97.2
Underwriting income (loss)						$	21.9		(30.6)			(2.4)			23.2			2.6			4.6			3.1			22.5						30.0			(12.5)			(12.1)			15.5			(6.8)			0.9			2.5			17.4
						Year-to-Date September 30, 2022																											Year-to-Date September 30, 2021
						General			Commercial			Commercial			Workers																		General			Commercial			Commercial			Workers
($ in millions)						Liability			Auto			Property			Compensation			BOP			Bonds			Other			Total						Liability			Auto			Property			Compensation			BOP			Bonds			Other			Total
Net premiums written						$	736.6		659.3			414.2			260.6			97.8			36.7			20.4			2,225.4						664.5			594.0			357.2			249.1			83.0			29.0			18.4			1,995.3
Net premiums earned						667.9			599.3			371.9			250.2			93.7			32.1			19.0			2,034.1						596.7			535.5			320.9			230.8			81.0			26.4			17.1			1,808.5
Loss and loss expense ratio						55.5		%	76.5			62.7			50.7			59.9			(3.5)			0.4			61.1						50.2			69.9			58.9			53.1			67.1			30.5			0.2			57.9
Underwriting expense ratio						33.2			31.1			37.0			26.2			36.5			59.7			53.0			33.2						33.4			31.1			37.4			26.4			38.7			59.0			49.4			33.3
Dividend ratio						—			—			0.1			1.2			—			—			—			0.2						—			—			0.1			1.2			—			—			—			0.2
Combined ratio						88.7		%	107.6			99.8			78.1			96.4			56.2			53.4			94.5						83.6			101.0			96.4			80.7			105.8			89.5			49.6			91.4
Underwriting income (loss)						$	75.8		(45.8)			0.6			54.8			3.3			14.1			8.9			111.6						97.6			(5.5)			11.4			44.6			(4.7)			2.8			8.6			154.9
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
									Sept. 30,									June 30,						Mar. 31,						Dec. 31,						Sept. 30,						Sept. 30,						Sept. 30,
($ in millions)									2022									2022						2022						2021						2021						2022						2021
Underwriting results
Net premiums written									$	86.8								82.6						65.1						70.4						78.2						234.5						221.9
Change in net premiums written, from comparable prior year period									11			%						5						—						1						(2)						6						(2)
Net premiums earned									$	75.6								73.3						72.6						73.1						73.4						221.6						220.5
Losses and loss expenses incurred									57.3									66.6						48.5						51.8						65.1						172.4						160.3
Net underwriting expenses incurred									19.8									19.1						17.6						19.5						19.4						56.5						58.0
GAAP underwriting income (loss)									$	(1.4)								(12.4)						6.5						1.8						(11.1)						(7.2)						2.2
Net catastrophe losses									$	11.3								21.1						4.3						7.3						19.5						36.7						30.1
Prior year casualty reserve development									—									—						—						—						—						—						—
Underwriting ratios
Loss and loss expense ratio									75.7			%						90.8						66.8						71.0						88.8						77.8						72.7
Underwriting expense ratio									26.1									26.1						24.2						26.6						26.4						25.5						26.3
						Combined ratio			101.8			%						116.9						91.0						97.6						115.2						103.3						99.0
Net catastrophe losses									14.9			pts						28.7						6.0						9.9						26.7						16.5						13.7
Prior year casualty reserve development									—									—						—						—						—						—						—
						Combined ratio before net catastrophe losses			86.9			%						88.2						85.0						87.7						88.5						86.8						85.3
						Combined ratio before net catastrophe losses and prior year casualty development			86.9									88.2						85.0						87.7						88.5						86.8						85.3
Other Statistics
Non-catastrophe property loss and loss expenses									$	29.0								26.9						25.6						26.1						28.7						81.5						76.7
Non-catastrophe property loss and loss expenses									38.4			pts						36.7						35.2						35.7						39.1						36.8						34.8
Direct new business									$	17.4								13.5						9.6						9.9						10.2						40.5						31.0
Renewal pure price increases									0.5			%						0.6						0.6						1.1						1.2						0.6						1.0
Retention									85			%						85						84						83						84						85						83
Note: Amounts may not foot due to rounding.

Page 8

Selective Insurance Group, Inc. & Consolidated Subsidiaries

STANDARD PERSONAL LINES

GAAP LINE OF BUSINESS RESULTS

(Unaudited)

			Quarter ended September 30, 2022																								Quarter ended September 30, 2021
			Personal																								Personal
($ in millions)			Auto						Homeowners						Other						Total						Auto						Homeowners						Other						Total
Net premiums written			$	45.8					38.6						2.5						86.8						41.4						34.5						2.4						78.2
Net premiums earned			40.7						32.6						2.3						75.6						40.6						30.6						2.2						73.4
Loss and loss expense ratio			78.7		%				81.1						(54.6)						75.7						82.1						107.7						(53.6)						88.8
Underwriting expense ratio			28.9						29.8						(76.7)						26.1						29.7						30.9						(99.1)						26.4
Combined ratio			107.6		%				110.9						(131.3)						101.8						111.8						138.6						(152.7)						115.2
Underwriting income (loss)			$	(3.1)					(3.5)						5.3						(1.4)						(4.8)						(11.8)						5.4						(11.1)
			Year-to-Date September 30, 2022																								Year-to-Date September 30, 2021
			Personal																								Personal
($ in millions)			Auto						Homeowners						Other						Total						Auto						Homeowners						Other						Total
Net premiums written			$	128.0					100.4						6.1						234.5						122.8						93.1						6.0						221.9
Net premiums earned			120.4						95.4						5.8						221.6						123.0						91.8						5.7						220.5
Loss and loss expense ratio			76.4		%				84.6						(6.2)						77.8						70.4						80.4						(1.2)						72.7
Underwriting expense ratio			29.3						29.8						(126.7)						25.5						30.2						30.4						(124.4)						26.3
Combined ratio			105.7		%				114.4						(132.9)						103.3						100.6						110.8						(125.6)						99.0
Underwriting income (loss)			$	(6.9)					(13.7)						13.4						(7.2)						(0.7)						(10.0)						12.9						2.2
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
									Sept. 30,									June 30,						Mar. 31,						Dec. 31,						Sept. 30,						Sept. 30,						Sept. 30,
($ in millions)									2022									2022						2022						2021						2021						2022						2021
Underwriting results
Net premiums written									$	89.1								87.9						87.1						77.3						82.1						264.1						227.1
Change in net premiums written, from comparable prior year period									9			%						13						29						27						32						16						22
Net premiums earned									$	85.8								80.9						78.2						76.0						74.3						244.8						203.8
Losses and loss expenses incurred									52.3									51.4						46.2						43.3						46.6						149.9						131.9
Net underwriting expenses incurred									27.5									26.1						25.0						24.2						23.0						78.6						64.4
GAAP underwriting income (loss)									$	6.0								3.4						6.9						8.5						4.7						16.3						7.5
Net catastrophe losses									$	4.6								2.2						1.3						1.2						6.8						8.1						21.5
(Favorable) prior year casualty reserve development									—									—						—						—						—						—						(7.0)
Underwriting ratios
Loss and loss expense ratio									61.0			%						63.5						59.1						56.9						62.8						61.2						64.7
Underwriting expense ratio									32.0									32.3						32.0						31.9						30.9						32.1						31.6
						Combined ratio			93.0			%						95.8						91.1						88.8						93.7						93.3						96.3
Net catastrophe losses									5.4			pts						2.8						1.7						1.6						9.2						3.3						10.5
(Favorable) prior year casualty reserve development									—									—						—						—						—						—						(3.4)
						Combined ratio before net catastrophe losses			87.6			%						93.0						89.4						87.2						84.5						90.0						85.8
						Combined ratio before net catastrophe losses and prior year casualty development			87.6									93.0						89.4						87.2						84.5						90.0						89.2
Other Statistics
Non-catastrophe property loss and loss expenses									$	8.7								12.5						9.1						6.8						4.8						30.2						21.5
Non-catastrophe property loss and loss expenses									10.1			pts						15.4						11.6						8.9						6.5						12.4						10.5
Direct new business									$	38.6								39.5						39.2						37.0						35.7						117.3						100.7
Renewal pure price increases									6.7			%						6.9						7.7						5.9						5.6						7.1						6.5
Note: Amounts may not foot due to rounding.

Page 10

Selective Insurance Group, Inc. & Consolidated Subsidiaries

EXCESS & SURPLUS LINES

GAAP LINE OF BUSINESS RESULTS

(Unaudited)

			Quarter ended September 30, 2022																		Quarter ended September 30, 2021
($ in millions)			Casualty						Property						Total						Casualty						Property						Total
Net premiums written			$	61.4					27.7						89.1						57.4						24.6						82.1
Net premiums earned			59.6						26.2						85.8						53.0						21.3						74.3
Loss and loss expense ratio			65.4		%				50.8						61.0						66.1						54.6						62.8
Underwriting expense ratio			32.4						31.3						32.0						31.0						30.7						30.9
Combined ratio			97.8		%				82.1						93.0						97.1						85.3						93.7
Underwriting income (loss)			$	1.3					4.7						6.0						1.5						3.1						4.7
			Year-to-Date September 30, 2022																		Year-to-Date September 30, 2021
($ in millions)			Casualty						Property						Total						Casualty						Property						Total
Net premiums written			$	183.0					81.0						264.1						159.5						67.6						227.1
Net premiums earned			170.3						74.5						244.8						144.5						59.3						203.8
Loss and loss expense ratio			65.5		%				51.5						61.2						61.5						72.4						64.7
Underwriting expense ratio			32.4						31.4						32.1						32.1						30.5						31.6
Combined ratio			97.9		%				82.9						93.3						93.6						102.9						96.3
Underwriting income (loss)			$	3.6					12.7						16.3						9.2						(1.7)						7.5
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
									Sept. 30,									June 30,						Mar. 31,						Dec. 31,						Sept. 30,						Sept. 30,						Sept. 30,
($ in millions)									2022									2022						2022						2021						2021						2022						2021
Net investment income
Fixed income securities
						Taxable			$	61.9								55.4						47.0						45.6						44.5						164.3						135.1
						Tax-exempt			6.4									6.7						6.9						7.0						7.2						20.0						22.0
Total fixed income securities									68.2									62.1						53.9						52.6						51.7						184.3						157.1
Commercial mortgage loans									1.6									1.2						1.0						0.9						0.7						3.8						1.9
Equity securities									2.6									2.6						2.4						7.5						3.0						7.7						8.4
Other investments									(5.5)									9.1						19.3						24.9						42.9						22.9						93.2
Short-term investments									1.2									0.4						0.1						0.1						0.1						1.7						0.2
Investment income									68.1									75.4						76.7						85.9						98.3						220.3						260.8
Investment expenses									(4.2)									(5.2)						(4.1)						(5.8)						(5.2)						(13.6)						(14.3)
Investment tax expense									(12.4)									(13.6)						(14.1)						(15.6)						(18.3)						(40.0)						(48.0)
Total net investment income, after-tax									$	51.5								56.7						58.5						64.5						74.7						166.7						198.5
Net realized and unrealized investment (losses) gains, pre-tax									$	(25.7)								(42.9)						(40.4)						2.2						0.2						(108.9)						15.4
Change in unrealized (losses) gains recognized in other comprehensive income, pre-tax									$	(239.2)								(261.9)						(310.4)						(54.1)						(37.6)						(811.5)						(103.3)
Average investment yields
						Fixed income investments, pre-tax			4.2			%						3.8						3.2						3.1						3.1						3.7						3.2
						Fixed income investments, after-tax			3.4									3.1						2.6						2.5						2.5						3.0						2.6
						Total portfolio, pre-tax			3.4			%						3.7						3.7						4.0						4.8						3.5						4.3
						Total portfolio, after-tax			2.7									3.0						3.0						3.2						3.8						2.9						3.4
Effective tax rate on net investment income									19.3			%						19.3						19.4						19.5						19.7						19.4						19.5
New money purchase rates for fixed income investments, pre-tax									5.1									4.5						3.3						2.7						2.2						4.2						2.2
New money purchase rates for fixed income investments, after-tax									4.1									3.6						2.6						2.1						1.8						3.4						1.7
Effective duration of fixed income investments including short-term (in years)									4.2									4.1						4.1						3.9						4.0						4.2						4.0
Note: Amounts may not foot due to rounding.

Page 12

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED COMPOSITION OF INVESTED ASSETS

(Unaudited)

									Sept. 30,												June 30,									Mar. 31,									Dec. 31,									Sept. 30,
									2022												2022									2022									2021									2021
($ in millions)									Amount			Percent									Amount			Percent						Amount			Percent						Amount			Percent						Amount			Percent
Fixed income securities, at fair value									$	6,503.6		86			%						6,470.6			85						6,631.4			85						6,739.4			84						6,703.1			85
Commercial mortgage loans, at fair value									136.7			2									130.0			2						113.1			1						97.6			1						86.0			1
Total fixed income investments									6,640.2			88									6,600.6			87						6,744.6			87						6,837.0			85						6,789.1			86
Short-term investments									269.3			4									289.2			4						256.7			3						447.9			6						355.9			5
Total fixed income and short-term investments									6,909.5			92									6,889.8			91						7,001.3			90						7,284.9			91						7,145.0			91
Equity securities, at fair value									183.9			2									258.5			3						344.6			4						335.5			4						324.2			4
Other investments									432.6			6									429.5			6						425.7			5						409.0			5						392.8			5
Total investments									$	7,526.0		100			%						7,577.9			100						7,771.5			100						8,029.5			100						7,862.0			100
Fixed income investments, at carry value
U.S. government obligations									$	148.2		2			%						114.3			2						127.1			2						130.5			2						131.1			2
Foreign government obligations									13.8			—									15.3			—						16.7			—						15.9			—						15.1			—
Obligations of state and political subdivisions									971.0			15									1,069.7			16						1,128.9			17						1,192.7			17						1,169.4			17
Corporate securities									2,294.2			34									2,305.1			35						2,417.3			36						2,598.9			38						2,566.4			38
Collateralized loan obligations and other asset-backed securities									1,467.4			22									1,437.8			22						1,417.2			21						1,350.8			20						1,339.8			20
Residential mortgage-backed securities									1,016.1			15									911.8			14						878.0			13						776.2			11						816.8			12
Commercial mortgage-backed securities									594.3			9									617.5			9						646.7			10						673.7			10						663.8			10
Commercial mortgage loans									145.2			2									137.2			2						115.9			2						95.8			1						84.0			1
Total fixed income investments									$	6,650.3		100			%						6,608.6			100						6,747.8			100						6,834.6			100						6,786.4			100
Expected maturities of fixed income investments at carry value
Due in one year or less									$	331.0		5			%						339.4			5						405.0			6						502.0			7						515.6			8
Due after one year through five years									2,910.0			44									2,868.1			43						2,983.8			44						3,238.3			47						3,436.1			51
Due after five years through 10 years									2,469.6			37									2,511.6			38						2,475.0			37						2,360.9			35						2,137.1			31
Due after 10 years									939.7			14									889.6			13						884.0			13						733.4			11						697.6			10
Total fixed income investments									$	6,650.3		100			%						6,608.6			100						6,747.8			100						6,834.6			100						6,786.4			100
Weighted average credit quality of fixed income and short-term investments
Investment grade credit quality									$	6,658.1		96			%						6,637.3			96						6,725.8			96						7,023.9			96						6,890.7			96
Non-investment grade credit quality									251.4			4									252.5			4						275.4			4						261.0			4						254.3			4
Total fixed income and short-term investments, at fair value									$	6,909.5		100			%						6,889.8			100						7,001.3			100						7,284.9			100						7,145.0			100
Weighted average credit quality of fixed income and short-term investments									AA-												A+									A+									A+									A+
Alternative investments									September 30, 2022
																								Current
									Number of			Original									Remaining			Market
Strategy									Funds			Commitment									Commitment			Value
Private equity									57			$	360.4								126.4			284.5
Private credit									16			160.9									91.2			55.4
Real assets									9			57.5									29.1			27.9
Total									82			$	578.9								246.7			367.8
Note: Amounts may not foot due to rounding.

Page 13

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CREDIT QUALITY OF INVESTED ASSETS

(Unaudited)

At September 30, 2022																																													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						168						148						2.0						4.5						6.3						9.3						146						2						—						—						—						—
			Foreign government obligations						16						14						0.2						5.5						6.0						7.4						—						2						9						2						—						—
			State and municipal obligations						1,035						971						12.9						4.1						5.1						6.5						221						429						285						36						—						—
			Corporate securities						2,565						2,293						30.5						6.0						4.7						6.8						34						245						939						918						153						3
			Mortgage-backed securities:
						Residential mortgage-backed securities ("RMBS"):
						Agency RMBS			801						719						9.6						4.8						6.0						8.9						719						—						—						—						—						—
						Non-agency RMBS			330						297						3.9						5.3						4.6						7.5						185						34						78						—						—						—
						Total RMBS			1,131						1,016						13.5						5.0						5.6						8.5						904						34						78						—						—						—
						Commercial mortgage-backed securities			643						594						7.9						5.8						3.1						4.3						496						46						47						6						—						—
						Total mortgage-backed securities			1,774						1,610						21.4						5.3						4.7						6.9						1,400						80						125						6						—						—
			Collateralized loan obligations ("CLO") and other asset-backed securities ("ABS"):
						Auto			23						22						0.3						9.2						1.6						1.7						22						—						—						—						—						—
						Aircraft			61						51						0.7						10.1						3.0						3.9						—						1						27						17						6						—
						CLOs			925						872						11.6						6.4						1.9						5.1						456						264						44						35						58						16
						Credit cards			8						8						0.1						5.2						0.2						0.2						8						—						1						—						—						—
						Other ABS			563						514						6.8						6.2						4.1						5.3						123						79						262						40						6						4
						Total CLOs and ABS			1,581						1,467						19.5						6.5						2.7						5.1						608						343						334						92						71						21
Total securitized assets									3,355						3,078						40.9						5.9						3.7						6.0						2,008						423						458						97						71						21
						Commercial mortgage loans			145						137						1.8						4.8						4.2						6.1						—						11						53						69						3						—
Total fixed income investments									7,285						6,640						88.2						5.6						4.3						6.5						2,408						1,113						1,745						1,123						227						24
						Short-term investments			269						269						3.6						2.9						0.0						0.0						248						21						—						—						—						—
						Total fixed income and short-term investments			7,555						6,910						91.8						5.5						4.2						6.2						2,656						1,133						1,745						1,123						227						24
Total fixed income securities and short-term investments by credit rating percentage																																													38.4		%				16.4		%				25.3		%				16.3		%				3.3		%				0.3		%
Equity securities:
			Common stock(1)						187						182						2.4						—						—						—						—						—						—						—						—						182
			Preferred stock						2						2						—						—						—						—						—						—						—						2						—						—
						Total equity securities			189						184						2.4						—						—						—						—						—						—						2						—						182
Other investments:
			Alternative investments
						Private equity			285						285						3.8						—						—						—						—						—						—						—						—						285
						Private credit			55						55						0.7						—						—						—						—						—						—						—						—						55
						Real assets			28						28						0.4						—						—						—						—						—						—						—						—						28
						Total alternative investments			368						368						4.9						—						—						—						—						—						—						—						—						368
			Other investments						65						65						0.9						—						—						—						—						—						—						—						—						65
			Total other investments						433						433						5.7						—						—						—						—						—						—						—						—						433
Total invested assets									$	8,176					$	7,526					100.0		%				—						—						—						$	2,656					$	1,133					$	1,745					$	1,125					$	227					$	639
(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.

Page 14

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
			Sept. 30,									June 30,						Mar. 31,						Dec. 31,						Sept. 30,						Sept. 30,						Sept. 30,
($ in millions, except per share data)			2022									2022						2022						2021						2021						2022						2021
Reconciliation of net income available to common stockholders to non-GAAP operating income
Net income available to common stockholders			$	40.2								37.2						54.0						96.7						71.4						131.5						297.8
Net realized and unrealized investment losses (gains) included in net income, before tax			25.7									42.9						40.4						(2.2)						(0.2)						108.9						(15.4)
Tax on reconciling items			(5.4)									(9.0)						(8.5)						0.5						—						(22.9)						3.2
Non-GAAP operating income			$	60.5								71.1						85.9						94.9						71.3						217.5						285.7
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			$	0.66								0.61						0.89						1.59						1.18						2.16						4.92
Net realized and unrealized investment losses (gains) included in net income, before tax			0.42									0.70						0.66						(0.04)						—						1.79						(0.25)
Tax on reconciling items			(0.09)									(0.14)						(0.14)						0.01						—						(0.38)						0.05
Non-GAAP operating income per diluted common share			$	0.99								1.17						1.41						1.56						1.18						3.57						4.72
Reconciliation of ROE to non-GAAP operating ROE
ROE			7.0			%						6.0						8.1						14.0						10.6						7.0						15.1
Net realized and unrealized investment losses (gains) included in net income, before tax			4.4									6.9						6.0						(0.3)						—						5.8						(0.8)
Tax on reconciling items			(0.9)									(1.5)						(1.3)						0.1						—						(1.2)						0.2
Non-GAAP operating ROE			10.5			%						11.4						12.8						13.8						10.6						11.6						14.5
Reconciliation of book value per common share to adjusted book value per common share
Book value per common share			$	36.96								39.68						42.73						46.24						45.27						36.96						45.27
Total unrealized investment losses (gains) included in accumulated other comprehensive (loss) income, before tax			9.67									5.69						1.35						(3.80)						(4.71)						9.67						(4.71)
Tax on reconciling items			(2.04)									(1.19)						(0.28)						0.79						1.00						(2.04)						1.00
Adjusted book value per common share			$	44.59								44.18						43.80						43.23						41.56						44.59						41.56
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 (loss) income. 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 September 30, 2022

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

Rohan Pai

EQ Shareowner Services

Senior Vice President

P.O. Box 64854

Investor Relations & Treasurer

St. Paul, MN 55164

Phone: 973-948-1364

866-877-6351

Rohan.Pai@Selective.com

Media Contact:

Jamie M. Beal

Vice President

Director of Communications

Phone: 973-948-1234

Jamie.Beal@Selective.com

Page 16