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Midas Edge

SELECTIVE INSURANCE GROUP INC

For the period ended Dec 31, 2025. Filed Feb 9, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 9, 2026

SIGI$103.34+2.8%Stored close · as of Nov 10, 2026

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Contents

Item 15. Exhibits and Financial Statement Schedules

(a) The following documents are filed as part of this report:

(1) Financial Statements:

The Financial Statements listed below are included in Item 8. "Financial Statements and Supplementary Data."

Page
Consolidated Balance Sheets as of December 31, 2025 and 202477
Consolidated Statements of Income for the Years Ended December 31, 2025, 2024, and 202378
Consolidated Statements of Comprehensive Income for the Years Ended December 31, 2025, 2024, and 202379
Consolidated Statements of Stockholders' Equity for the Years Ended December 31, 2025, 2024, and 202380
Consolidated Statements of Cash Flows for the Years Ended December 31, 2025, 2024, and 202381
Notes to Consolidated Financial Statements, December 31, 2025, 2024, and 202382

(2) Financial Statement Schedules:

The financial statement schedules, with Independent Auditors' Report thereon, required to be filed are listed below by page number as filed in this report. All other schedules are omitted as the information required is inapplicable, immaterial, or the information is presented in the Financial Statements or related notes.

Page
Schedule ISummary of Investments – Other than Investments in Related Parties at December 31, 2025143
Schedule IICondensed Financial Information of Registrant at December 31, 2025, 2024, and 2023 and for the Years Ended December 31, 2025, 2024, and 2023144
Schedule IIISupplementary Insurance Information for the Years Ended December 31, 2025, 2024, and 2023147
Schedule IVReinsurance for the Years Ended December 31, 2025, 2024, and 2023148
Schedule VAllowance for Credit Losses on Premiums and Other Receivables for the Years Ended December 31, 2025, 2024, and 2023148

(3) Exhibits:

The exhibits required by Item 601 of Regulation S-K are listed in the Exhibit Index, which is incorporated by reference and immediately precedes the exhibits filed with or incorporated by reference in this Form 10-K.

SCHEDULE I

SUMMARY OF INVESTMENTS - OTHER THAN INVESTMENTS IN RELATED PARTIES

December 31, 2025

Types of investment
($ in thousands) · Amortized Cost or Cost · Fair Value · Carrying Amount
Fixed income securities:
Held-to-maturity:
All other corporate securities$23,94223,93923,942
Total fixed income securities, held-to-maturity23,94223,93923,942
Available-for-sale:
U.S. government and government agencies177,877163,207163,207
Foreign government10,76810,00210,002
Obligations of states and political subdivisions567,757549,957549,957
Public utilities284,789282,709282,709
All other corporate securities3,125,0863,121,4553,121,455
Collateralized loan obligation securities and other asset-backed securities2,570,4512,550,2862,550,286
Residential mortgage-backed securities2,127,0042,075,9332,075,933
Commercial mortgage-backed securities713,146703,627703,627
Total fixed income securities, available-for-sale9,576,8789,457,1769,457,176
Equity securities:
Common stock:
Banks, trusts and insurance companies34,78132,73232,732
Industrial, miscellaneous and all other333,363349,845349,845
Nonredeemable preferred stock1,9601,8391,839
Total equity securities370,104384,416384,416
Commercial mortgage loans277,895277,682
Short-term investments648,542648,542
Alternative investments418,525418,525
Other investments92,15792,157
Total investments$11,408,04311,302,440

See accompanying Report of Independent Registered Public Accounting Firm in Item 8. "Financial Statements and Supplementary Data." of this Form 10-K

SCHEDULE II

Balance Sheets

December 31,
($ in thousands, except share amounts)20252024
Assets:
Fixed income securities, available-for-sale – at fair value (allowance for credit losses: $235 – 2025; $380 – 2024; amortized cost: $264,903 – 2025; $288,852 – 2024$254,851$268,486
Equity securities49,97853,248
Short-term investments78,97362,223
Alternative investments21,60318,443
Cash24891
Investment in subsidiaries4,089,1473,191,905
Current federal income tax11,7468,675
Deferred federal income tax9,73811,689
Other assets8,1617,998
Total assets$4,524,445$3,622,758
Liabilities:
Long-term debt$838,303$441,656
Intercompany notes payable45,58247,571
Accrued long-term stock compensation9,0779,374
Other liabilities22,5084,081
Total liabilities$915,470$502,682
Stockholders’ Equity:
Preferred stock of $0 par value per share:
Authorized shares: 5,000,000; Issued shares: 8,000 with $25,000 liquidation preference per share – 2025 and 2024$200,000$200,000
Common stock of $2 par value per share:
Issued: 106,006,544 – 2025; 105,609,364 – 2024212,013211,219
Additional paid-in capital591,272557,042
Retained earnings3,500,7743,139,489
Accumulated other comprehensive income (loss)(151,660)(336,845)
Treasury stock – at cost (shares: 45,930,091 – 2025; 44,761,468 – 2024)(743,424)(650,829)
Total stockholders’ equity3,608,9753,120,076
Total liabilities and stockholders’ equity$4,524,445$3,622,758

See accompanying Report of Independent Registered Public Accounting Firm. Information should be read in conjunction with the Notes to Consolidated Financial Statements of Selective Insurance Group, Inc. and its subsidiaries. Both items are in Item 8. “Financial Statements and Supplementary Data.” of this Form 10-K.

SCHEDULE II (continued)

Statements of Income

Year ended December 31,
($ in thousands)202520242023
Revenues:
Dividends from subsidiaries$34143,77980,005
Net investment income earned24,97221,04220,167
Net realized and unrealized investment gains (losses)(5,223)596996
Total revenues20,09065,417101,168
Expenses:
Interest expense49,31230,21329,824
Other expenses36,44934,60230,686
Total expenses85,76164,81560,510
Income (loss) before federal income tax(65,671)60240,658
Income tax (benefit) expense:
Current(12,001)(7,466)(9,618)
Deferred(215)(851)1,650
Total income tax benefit(12,216)(8,317)(7,968)
Net income (loss) before equity in undistributed income of subsidiaries(53,455)8,91948,626
Equity in undistributed income of subsidiaries, net of tax519,866198,093316,612
Net income$466,411207,012365,238
Preferred stock dividends9,2009,2009,200
Net income available to common stockholders$457,211197,812356,038

See accompanying Report of Independent Registered Public Accounting Firm. Information should be read in conjunction with the Notes to Consolidated Financial Statements of Selective Insurance Group, Inc. and its subsidiaries. Both items are in Item 8. “Financial Statements and Supplementary Data.” of this Form 10-K.

SCHEDULE II (continued)

Statements of Cash Flows

Year ended December 31,
($ in thousands)202520242023
Operating Activities:
Net income$466,411207,012365,238
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed income of subsidiaries, net of tax(519,866)(198,093)(316,612)
Stock-based compensation expense23,10422,76318,346
Net realized and unrealized investment (gains) losses5,223(596)(996)
Undistributed (gains) losses of equity method investments(930)2,709(279)
Disbursements in excess of current year income of equity method investments——766
Amortization – other599(28)(1,020)
Changes in assets and liabilities:
Increase (decrease) in accrued long-term stock compensation(297)(1,148)(579)
(Increase) decrease in net federal income taxes(3,286)(520)1,538
(Increase) decrease in other assets(223)2,064963
Increase (decrease) in other liabilities17,949(4,976)1,375
Net cash provided by (used in) operating activities(11,316)29,18768,740
Investing Activities:
Purchases of fixed income securities, available-for-sale(119,403)(15,925)(72,328)
Purchases of equity securities(8,050)(2,153)(743)
Purchases of short-term investments(913,495)(516,183)(233,129)
Purchases of alternative investments(2,243)(3,018)(53,262)
Redemption and maturities of fixed income securities, available-for-sale62,72831,82629,619
Sales of fixed income securities, available-for-sale78,936138,54620,314
Sales of equity securities8,037—48,960
Sales of short-term investments896,746471,650248,588
Distributions from other investments13——
Proceeds from alternative investments——20
Capital contribution to subsidiaries(200,000)——
Net cash provided by (used in) investing activities(196,731)104,743(11,961)
Financing Activities:
Dividends to preferred stockholders(9,200)(9,200)(9,200)
Dividends to common stockholders(92,884)(84,936)(73,827)
Acquisition of treasury stock(92,595)(15,620)(7,930)
Proceeds from borrowings395,957——
Repayment of borrowings(100)——
Net proceeds from stock purchase and compensation plans9,0159,6309,133
Proceeds from borrowings from subsidiaries——27,000
Principal payment on borrowings from subsidiaries(1,989)(33,893)(1,801)
Net cash provided by (used in) financing activities208,204(134,019)(56,625)
Net increase (decrease) in cash157(89)154
Cash, beginning of year9118026
Cash, end of year$24891180

See accompanying Report of Independent Registered Public Accounting Firm. Information should be read in conjunction with the Notes to Consolidated Financial Statements of Selective Insurance Group, Inc. and its subsidiaries. Both items are in Item 8. “Financial Statements and Supplementary Data.” of this Form 10-K.

SCHEDULE III

SUPPLEMENTARY INSURANCE INFORMATION

Year ended December 31, 2025

($ in thousands)Deferredpolicyacquisition costsReservefor lossand loss expenseUnearned premiumsNetpremiums earnedNetinvestment income1Lossand lossexpense incurredAmortizationof deferredpolicyacquisition costsOtheroperating expenses2Netpremiums written
Standard Commercial Lines Segment$401,6356,089,7971,992,1393,753,908—2,493,321826,482369,5193,837,656
Standard Personal Lines Segment19,880323,861452,609408,190—315,65239,63755,530397,677
E&S Lines Segment70,755811,740300,773606,098—348,753136,25747,157631,162
Investments Segment————539,480————
Total$492,2707,225,3982,745,5214,768,196539,4803,157,7261,002,376472,2064,866,495

2“Other operating expenses” of $472,206 reconciles to the Consolidated Statements of Income as follows:

Other insurance expenses$501,458
Other income(29,252)
Total$472,206

Year ended December 31, 2024

($ in thousands)Deferredpolicyacquisition costsReservefor lossand loss expenseUnearned premiumsNetpremiums earnedNetinvestment income1Lossand lossexpense incurredAmortizationof deferredpolicyacquisition costsOtheroperating expenses2Netpremiums written
Standard Commercial Lines Segment$389,9925,388,2051,908,9493,447,556—2,501,615764,662326,2623,632,113
Standard Personal Lines Segment23,374541,449433,056424,917—364,60146,48753,314430,725
E&S Lines Segment65,938660,147274,263503,974—298,268111,28242,544567,163
Investments Segment————454,102————
Total$479,3046,589,8012,616,2684,376,447454,1023,164,484922,431422,1204,630,001

2“Other operating expenses” of $422,120 reconciles to the Consolidated Statements of Income as follows:

Other insurance expenses$453,235
Other income(31,115)
Total$422,120

Year ended December 31, 2023

($ in thousands)Deferredpolicyacquisition costsReservefor loss and loss expenseUnearned premiumsNetpremiums earnedNetinvestment income1Lossand lossexpense incurredAmortizationof deferredpolicyacquisition costsOtheroperating expenses2Netpremiums written
Standard Commercial Lines Segment$350,1984,494,9651,722,7063,071,784—1,919,204674,374320,9003,281,319
Standard Personal Lines Segment24,759278,152399,157365,213—353,18536,00155,290414,585
E&S Lines Segment49,907563,794208,793390,609—211,89685,80738,150438,628
Investments Segment————385,098————
Total$424,8645,336,9112,330,6563,827,606385,0982,484,285796,182414,3404,134,532

2“Other operating expenses” of $414,340 reconciles to the Consolidated Statements of Income as follows:

Other insurance expenses$433,742
Other income(19,402)
Total$414,340

SCHEDULE IV

REINSURANCE

Years ended December 31, 2025, 2024, and 2023

($ thousands)Direct AmountCeded to Other CompaniesAssumed from Other CompaniesNet Amount% of Amount Assumed to Net
Premiums earned:
Accident and health insurance$—————
Property and liability insurance5,508,377764,88624,7054,768,1961%
Total premiums earned$5,508,377764,88624,7054,768,1961%
Premiums earned:
Accident and health insurance$—————
Property and liability insurance5,034,952684,95526,4504,376,4471%
Total premiums earned$5,034,952684,95526,4504,376,4471%
Premiums earned:
Accident and health insurance$—————
Property and liability insurance4,386,556583,97725,0273,827,6061%
Total premiums earned$4,386,556583,97725,0273,827,6061%

SCHEDULE V

ALLOWANCE FOR CREDIT LOSSES ON PREMIUMS AND OTHER RECEIVABLES

Years ended December 31, 2025, 2024, and 2023

($ in thousands)202520242023
Balance, January$22,40020,60017,700
Additions11,4308,9467,980
Deductions(10,530)(7,146)(5,080)
Balance, December 31$23,30022,40020,600

EXHIBIT INDEX

Exhibit
Number
3.1Amended and Restated Certificate of Incorporation of Selective Insurance Group, Inc., filed May 4, 2010, as amended by Certificate of Correction thereto, dated August 17, 2020 and effective May 4, 2010 (incorporated by reference herein to Exhibit 3.1 of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, filed October 29, 2020, File No. 001-33067).
3.2Certificate of Amendment of the Restated Certificate of Incorporation of Selective Insurance Group, Inc., with respect to the 4.60% Non-Cumulative Preferred Stock, Series B of Selective Insurance Group, Inc., filed with the State of New Jersey Department of Treasury and effective December 7, 2020 (incorporated by reference herein to Exhibit 3.2 to the Company’s Registration Statement on Form 8-A, filed December 8, 2020, File No. 001-33067).
3.3By-Laws of Selective Insurance Group, Inc., effective January 30, 2026 (incorporated by reference herein to Exhibit 3.1 of the Company's Current Report on Form 8-K, filed January 30, 2026, File No. 001-33067).
4.1Indenture, dated as of September 24, 2002, between Selective Insurance Group, Inc. and National City Bank, as Trustee, relating to the Company's 1.6155% Senior Convertible Notes due September 24, 2032 (incorporated by reference herein to Exhibit 4.1 of the Company's Registration Statement on Form S-3, filed November 26, 2002, File No. 333-101489).
4.2Indenture, dated as of November 16, 2004, between Selective Insurance Group, Inc. and Wachovia Bank, National Association, as Trustee, relating to the Company's 7.25% Senior Notes due 2034 (incorporated by reference herein to Exhibit 4.1 of the Company's Current Report on Form 8-K, filed November 18, 2004, File No. 000-08641).
4.3Indenture, dated as of November 3, 2005, between Selective Insurance Group, Inc. and Wachovia Bank, National Association, as Trustee, relating to the Company’s 6.70% Senior Notes due 2035 (incorporated by reference herein to Exhibit 4.1 of the Company’s Current Report on Form 8-K, filed November 9, 2005, File No. 000-08641).
4.4Indenture, dated as of February 8, 2013, between Selective Insurance Group, Inc. and U.S. Bank National Association, as Trustee (incorporated by reference herein to Exhibit 4.1 of the Company's Current Report on Form 8-K, filed February 8, 2013, File No. 001-33067).
4.5Second Supplemental Indenture, dated as of March 1, 2019 between Selective Insurance Group, Inc. and U.S. Bank National Association, as Trustee, relating to the Company’s 5.375% Senior Notes due 2049 (incorporated by reference herein to Exhibit 4.1 of the Company’s Current Report on Form 8-K, filed March 1, 2019, File No. 001-33067).
4.6Third Supplemental Indenture, dated as of February 25, 2025, between Selective Insurance Group, Inc. and U.S. Bank Trust Company, National Association, as Trustee, relating to the Company’s 5.900% Senior Notes due 2035 (incorporated by reference herein to Exhibit 4.2 of the Company’s Current Report on Form 8-K, filed February 25, 2025, File No. 001-33067).
4.7Deposit Agreement, dated as of December 9, 2020, among the Company and Equiniti Trust Company, acting as Depositary, Registrar and Transfer Agent, and the holders from time to time of the depositary receipts described therein (incorporated by reference herein to Exhibit 4.2 of the Company’s Current Report on Form 8-K, filed December 9, 2020, File No. 001-33067).
4.8Description of the Company's Securities Registered Under Section 12 of the Securities Exchange Act of 1934, as amended (incorporated by reference herein to Exhibit 4.9 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed February 12, 2021, File No. 001-33067).
Exhibit
Number
10.1+Selective Insurance Supplemental Pension Plan, As Amended and Restated Effective January 1, 2005 (incorporated by reference herein to Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2008, filed October 31, 2008, File No. 001-33067).
10.1a+Amendment No. 1 to Selective Insurance Supplemental Pension Plan, As Amended and Restated Effective January 1, 2005 (incorporated by reference herein to Exhibit 10.1 of the Company's Current Report on Form 8-K, filed March 25, 2013, File No. 001-33067).
10.1b+Amendment No. 2 to Selective Insurance Supplemental Pension Plan, As Amended and Restated Effective January 1, 2005 (incorporated by reference herein to Exhibit 10.1 of the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, filed May 5, 2020, File No. 001-33067).
10.2+Selective Insurance Company of America Deferred Compensation Plan (2005), As Amended and Restated Effective as of January 1, 2010 (incorporated by reference herein to Exhibit 10.2 of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011, filed October 27, 2011, File No. 001-33067).
10.2a+Amendment No 1. to Selective Insurance Company of America Deferred Compensation Plan (2005) (incorporated by reference herein to Exhibit 10.2a of the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2011, filed October 27, 2011, File No. 001-33067).
10.2b+Amendment No. 2 to Selective Insurance Company of America Deferred Compensation Plan (2005), as Amended and Restated Effective as of January 1, 2010 (incorporated by reference herein to Exhibit 10.2 of the Company's Current Report on Form 8-K, filed March 25, 2013, File No. 001-33067).
10.3+Selective Insurance Group, Inc. 2014 Omnibus Stock Plan, effective May 1, 2014 (incorporated by reference herein to Appendix A-1 to the Company’s Definitive Proxy Statement for its 2014 Annual Meeting of Stockholders, filed April 3, 2014, File No. 001-33067).
10.4+Selective Insurance Group, Inc. 2014 Omnibus Stock Plan Director Stock Option Agreement (incorporated by reference herein to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, filed April 24, 2014, File No. 001-33067).
10.5+Selective Insurance Group, Inc. 2014 Omnibus Stock Plan Service-Based Restricted Stock Unit Agreement (incorporated by reference herein to Exhibit 10.5 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, filed April 24, 2014, File No. 001-33067).
10.6+Selective Insurance Group, Inc. 2014 Omnibus Stock Plan Performance-Based Restricted Stock Unit Agreement (incorporated by reference herein to Exhibit 10.6 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, filed April 24, 2014, File No. 001-33067).
10.7+Selective Insurance Group, Inc. 2014 Omnibus Stock Plan Director Restricted Stock Unit Agreement (incorporated by reference herein to Exhibit 10.7 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, filed April 24, 2014, File No. 001-33067).
10.8+Selective Insurance Group, Inc. 2005 Omnibus Stock Plan As Amended and Restated Effective as of May 1, 2010 (incorporated by reference herein to Appendix C of the Company’s Definitive Proxy Statement for its 2010 Annual Meeting of Stockholders, filed March 25, 2010, File No. 001-33067).
10.9+Selective Insurance Group, Inc. 2014 Omnibus Stock Plan, As Amended and Restated Effective as of May 2, 2018 (incorporated by reference herein to Appendix A of the Company’s Definitive Proxy Statement for its 2018 Annual Meeting of Stockholders, filed March 26, 2018, File No. 001-33067).
10.10+Selective Insurance Group, Inc. Non-Employee Directors’ Compensation and Deferral Plan, As Amended and Restated Effective as of January 1, 2017 (incorporated by reference herein to Exhibit 10.18 to the Company's Annual Report on Form 10-K for the year ended December 31, 2016, filed February 22, 2017, File No. 001-33067).
Exhibit
Number
10.11+Deferred Compensation Plan for Directors of Selective Insurance Group, Inc. and Subsidiaries, Amended and Restated as of May 8, 1996 (incorporated by reference herein to Exhibit 10.14 to the Company's Annual Report on Form 10-K for the year ended December 31, 2023, filed February 9, 2024, File No. 001-33067).
10.12+Selective Insurance Group, Inc. Employee Stock Purchase Plan (2021), Amended and Restated Effective July 1, 2021 (incorporated by reference herein to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, filed April 29, 2021, File No. 001-33067).
10.13+Selective Insurance Group, Inc. Cash Incentive Plan As Amended and Restated as of May 1, 2014 (incorporated by reference herein to Appendix B to the Company’s Definitive Proxy Statement for its 2014 Annual Meeting of Stockholders, filed March 24, 2014, File No. 001-33067).
10.14+Selective Insurance Group, Inc. Cash Incentive Plan Service-Based Cash Incentive Unit Award Agreement (incorporated by reference herein to Exhibit 10.8 of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, filed April 24, 2014, File No. 001-33067).
10.15+Selective Insurance Group, Inc. Cash Incentive Plan Performance-Based Cash Incentive Unit Award Agreement (incorporated by reference herein to Exhibit 10.9 of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, filed April 24, 2014, File No. 001-33067).
10.16+Amended and Restated Selective Insurance Group, Inc. Stock Purchase Plan for Independent Insurance Agencies (2010), Amended and Restated as of November 1, 2020 (incorporated by reference herein to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, filed October 29, 2020, File No. 001-33067).
10.17+Employment Agreement between Selective Insurance Company of America and John J. Marchioni, dated as of February 10, 2020 (incorporated by reference herein to Exhibit 10.32 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, filed February 12, 2020, File No. 001-33067).
10.18+Employment Agreement between Selective Insurance Company of America and Michael H. Lanza, dated as of March 2, 2020 (incorporated by reference herein to Exhibit 10.1 of the Company's Current Report on Form 8-K, filed March 2, 2020, File No. 001-33067).
10.19+Employment Agreement between Selective Insurance Company of America and Brenda M. Hall, dated as of September 30, 2019 (incorporated by reference herein to Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, filed October 28, 2021, File No. 001-33067).
10.20+Employment Agreement between Selective Insurance Company of America and Anthony D. Harnett, dated as of November 1, 2023 (incorporated by reference herein to Exhibit 10.1 of the Company’s Current Report on Form 8-K/A, filed November 3, 2023, File No. 001-33067).
10.21+Employment Agreement between Selective Insurance Company of America and Joseph Owen Eppers, dated as of February 28, 2022 (incorporated by reference herein to Exhibit 10.27 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed February 9, 2024, File No. 001-33067).
10.22+Employment Agreement between Selective Insurance Company of America and Jeffrey F. Kamrowski, dated as of March 1, 2020 (incorporated by reference herein to Exhibit 10.28 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed February 9, 2024, File No. 001-33067).
10.23Credit Agreement among Selective Insurance Group, Inc., the Lenders Named Therein and Wells Fargo Bank, National Association, as Administrative Agent, dated as of June 30, 2025 (incorporated by reference herein to Exhibit 10.1 of the Company’s Current Report on Form 8-K, filed July 1, 2025, File No. 001-33067).
10.24Form of Indemnification Agreement between Selective Insurance Group, Inc. and each of its directors and executive officers, as adopted on May 19, 2005 (incorporated by reference herein to Exhibit 10.1 of the Company’s Current Report on Form 8-K, filed May 20, 2005, File No. 000-08641).
Exhibit
Number
10.25+Selective Insurance Group, Inc. 2024 Omnibus Stock Plan, effective May 1, 2024 (incorporated by reference herein to Exhibit 4.4 to the Company’s Registration Statement on Form S-8, filed May 2, 2024, File No. 333-279060).
10.26+Selective Insurance Group, Inc. 2024 Omnibus Stock Plan Service-Based Restricted Stock Unit Agreement (incorporated by reference herein to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, filed May 2, 2024, File No. 001-33067).
10.27+Selective Insurance Group, Inc. 2024 Omnibus Stock Plan Performance-Based Restricted Stock Unit Agreement (incorporated by reference herein to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, filed May 2, 2024, File No. 001-33067).
10.28+Selective Insurance Group, Inc. 2024 Omnibus Stock Plan Non-Employee Director Restricted Stock Unit Agreement (incorporated by reference herein to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, filed May 2, 2024, File No. 001-33067).
10.29+Amendment No. 1 to Employment Agreement between Selective Insurance Company of America and Joseph Owen Eppers, dated as of June 3, 2024 (incorporated by reference herein to Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed July 26, 2024, File No. 001-33067).
10.30+Amendment No. 1 to Employment Agreement between Selective Insurance Company of America and Brenda M. Hall, dated as of June 3, 2024 (incorporated by reference herein to Exhibit 10.2 of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed July 26, 2024, File No. 001-33067).
10.31+Amendment No. 1 to Employment Agreement between Selective Insurance Company of America and Anthony D. Harnett, dated as of June 3, 2024 (incorporated by reference herein to Exhibit 10.3 of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed July 26, 2024, File No. 001-33067).
10.32+Amendment No. 1 to Employment Agreement between Selective Insurance Company of America and Jeffrey F. Kamrowski, dated as of June 3, 2024 (incorporated by reference herein to Exhibit 10.4 of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed July 26, 2024, File No. 001-33067).
10.33+Amendment No. 1 to Employment Agreement between Selective Insurance Company of America and Michael H. Lanza, dated as of June 3, 2024 (incorporated by reference herein to Exhibit 10.6 of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed July 26, 2024, File No. 001-33067).
10.34+Amendment No. 1 to Employment Agreement between Selective Insurance Company of America and John J. Marchioni, dated as of June 3, 2024 (incorporated by reference herein to Exhibit 10.7 of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed July 26, 2024, File No. 001-33067).
10.35+Employment Agreement between Selective Insurance Company of America and Patrick S. Brennan, dated as of September 23, 2024 (incorporated by reference herein to Exhibit 10.1 of the Company’s Current Report on Form 8-K, filed September 23, 2024, File No. 001-33067).
19Insider Trading Policy (incorporated by reference herein to Exhibit 19 of the Company’s Annual Report on Form 10-K, filed February 10, 2025, File No. 001-33067).
*21Subsidiaries of Selective Insurance Group, Inc.
*23.1Consent of KPMG LLP.
*24.1Power of Attorney of Ainar D. Aijala, Jr.
*24.2Power of Attorney of Lisa Rojas Bacus.
*24.3Power of Attorney of Terrence W. Cavanaugh.
*24.4Power of Attorney of Robert Kelly Doherty.
Exhibit
Number
*24.5Power of Attorney of Thomas A. McCarthy.
*24.6Power of Attorney of Stephen C. Mills.
*24.7Power of Attorney of H. Elizabeth Mitchell.
*24.8Power of Attorney of Cynthia S. Nicholson.
*24.9Power of Attorney of Julie Parsons
*24.10Power of Attorney of Kate E. R. Sampson.
*24.11Power of Attorney of John S. Scheid.
*31.1Certification of Chief Executive Officer in accordance with Section 302 of the Sarbanes-Oxley Act of 2002.
*31.2Certification of Chief Financial Officer in accordance with Section 302 of the Sarbanes-Oxley Act of 2002.
**32.1Certification of Chief Executive Officer in accordance with Section 906 of the Sarbanes-Oxley Act of 2002.
**32.2Certification of Chief Financial Officer in accordance with Section 906 of the Sarbanes-Oxley Act of 2002.
97.1Selective Insurance Group, Inc. Compensation Recoupment Policy (incorporated by reference herein to Exhibit 97.1 to the Company's Annual Report on Form 10-K for the year ended December 31, 2023, filed February 9, 2024, File No. 001-33067).
*99.1Glossary of Terms.
** 101The following financial statements from the Company's Annual report on Form 10-K for the year ended December 31, 2025, formatted in Inline Extensible Business Reporting Language (iXBRL): (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Income, (II) Consolidated Statements of Comprehensive Income, (iv) Consolidated Statements of Stockholders' Equity, (v) Consolidated Statements of Cash Flows, and (vi) Notes to Consolidated Financial Statements.
** 104The cover page from the Company's Annual Report on Form 10-K for the year ended December 31, 2025, formatted in iXBRL.
  • Filed herewith.

** Furnished and not filed herewith.

  • Management compensation plan or arrangement.
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