SELECTIVE INSURANCE GROUP INC
For the period ended Apr 29, 2026. Filed Mar 26, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 29, 2026 · Filed Mar 26, 2026
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Cover page
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant☒
Filed by a party other than the Registrant☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
|---|---|
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material under §240.14a-12 |
SELECTIVE INSURANCE GROUP, INC.
(Name of Registrant as Specified In Its Charter)
N/A
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
| ☒ | No fee required. |
|---|---|
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 |
40 Wantage Avenue Branchville, New Jersey 07890
March 26, 2026
NOTICE** OF 2026 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT**
| Date & Time | Location | Record Date |
| Wednesday, April 29, 2026, 8:30 AM ET | http://www.virtualshareholdermeeting.com/SIGI2026 | March 6, 2026 |
Attending the Annual Meeting
The 2026 Annual Meeting of Stockholders (the “Annual Meeting”) of Selective Insurance Group, Inc. (“Selective” and “we”) will be held on Wednesday, April 29, 2026, at 8:30 AM Eastern Time. The Annual Meeting will be a virtual meeting held exclusively via live audiocast. To attend, vote, and submit questions during the Annual Meeting, please visit http://www.virtualshareholdermeeting.com/SIGI2026 and enter the 16-digit control number on your Notice of Internet Availability or proxy card. If you requested printed copies of the proxy materials, we encourage you to vote your shares by phone, by mail, or online in advance to ensure your vote will be represented at the Annual Meeting. Even if you plan to attend the Annual Meeting virtually, we encourage you to vote your shares in advance.
Voting Matters
| Proposal | Board Recommendation | |
|---|---|---|
| Item 1 | Elect 12 directors named in the accompanying Proxy Statement for a one-year term expiring in 2027. | ✓ Vote FOR each director nominee |
| Item 2 | Approve, on an advisory basis, the 2025 compensation of Selective’s named executive officers. | ✓ Vote FOR |
| Item 3 | Ratify the appointment of KPMG LLP as Selective’s independent registered public accounting firm for the fiscal year ending December 31, 2026. | ✓ Vote FOR |
| We will attend to any other business properly brought before the Annual Meeting and its adjournments, postponements, or continuations, if any. After the Annual Meeting, we will offer time for your questions. In connection with the Annual Meeting, we are also making available Selective’s 2025 Annual Report to Stockholders (“2025 Annual Report”). | ||
Selective stockholders of record as of the close of business on March 6, 2026 are entitled to notice of, and the right to vote at, the Annual Meeting and any adjournment, postponement, or continuation thereof.
**Your Vote Is Important.**VOTE YOUR SHARES BY:
| ☐ | Calling the toll-free telephone number listed on the proxy card, |
|---|---|
| ☐ | Accessing the internet website listed on the proxy card, or |
| ☐ | Completing, dating, and signing the proxy card and returning it in the enclosed envelope. |
| You may revoke your proxy at any time before it is voted at the Annual Meeting through the processes described in the Proxy Statement. If you hold shares through a broker or other custodian, please see the voting instructions provided to you by that broker or custodian. | |
Very truly yours,
John J. Marchioni
Chairman of the Board, President and Chief Executive Officer
TABLE OF CONTENTS
Page
| CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION | 1 |
|---|---|
| WEBSITES | 1 |
| PROXY STATEMENT | 2 |
| GENERAL INFORMATION ABOUT SELECTIVE’S ANNUAL MEETING | 2 |
| PROPOSALS FOR STOCKHOLDER VOTE AND APPROVAL REQUIREMENTS | 3 |
| OTHER MATTERS TO COME BEFORE THE ANNUAL MEETING | 4 |
| VOTING AND PROXY PROCEDURE | 5 |
| IMPORTANT NOTICE REGARDING AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON WEDNESDAY, APRIL 29, 2026 | 7 |
| INFORMATION ABOUT PROPOSAL 1 | 7 |
| SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS | 16 |
| EXECUTIVE OFFICERS | 18 |
| TRANSACTIONS WITH RELATED PERSONS | 20 |
| CORPORATE GOVERNANCE | 22 |
| SUSTAINABILITY AND HUMAN CAPITAL | 31 |
| RISK MANAGEMENT | 35 |
| STOCKHOLDER COMMUNICATIONS | 37 |
| CODE OF CONDUCT | 37 |
| INSIDER TRADING POLICY | 37 |
| COMPENSATION DISCUSSION AND ANALYSIS | 38 |
| EXECUTIVE SUMMARY | 38 |
| COMPENSATION COMMITTEE REPORT | 57 |
| POLICIES AND PRACTICES RELATED TO THE GRANT OF CERTAIN EQUITY AWARDS CLOSE IN TIME TO THE RELEASE OF MATERIAL NON-PUBLIC INFORMATION | 57 |
| SUMMARY COMPENSATION TABLE | 58 |
| GRANTS OF PLAN-BASED AWARDS | 61 |
| OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END | 62 |
| OPTION EXERCISES AND STOCK VESTED | 64 |
| PENSION BENEFITS | 64 |
| NONQUALIFIED DEFERRED COMPENSATION | 66 |
| EMPLOYMENT AGREEMENTS AND POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL | 67 |
| CEO PAY RATIO | 70 |
| PAY VERSUS PERFORMANCE | 71 |
| DIRECTOR COMPENSATION | 77 |
| INFORMATION ABOUT PROPOSAL 2 | 80 |
| INFORMATION ABOUT PROPOSAL 3 | 81 |
| FEES OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 81 |
| AUDIT COMMITTEE REPORT | 82 |
| STOCKHOLDER PROPOSALS AND NOMINATIONS | 83 |
| HOUSEHOLDING | 83 |
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