Exhibit 99.2

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Forward-Looking Statements

Certain statements in this report, including information incorporated by reference, are “forward-looking statements” defined in the Private Securities Litigation Reform Act of 1995 ("PSLRA"). The PSLRA provides a forward-looking statement safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements discuss our intentions, beliefs, projections, estimations, or forecasts of future events and financial performance. They involve uncertainties and known and unknown risks and other factors that may cause actual results, activity levels, or performance to materially differ from those in or implied by the forward-looking statements. In some cases, forward-looking statements include the words “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “attribute,” “confident,” “strong,” “target,” “project,” “intend,” “believe,” “estimate,” “predict,” “potential,” “pro forma,” “seek,” “likely,” “continue,” or comparable terms. Our forward-looking statements are only predictions; we cannot guarantee or assure that such expectations will prove correct. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, except as may be required by law.

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

•Challenging conditions in the economy, global capital markets, the banking sector, and commercial real estate, including prolonged higher inflation, could increase loss costs and negatively impact investment portfolios;

•Deterioration in the public debt, public equity, or private investment markets that could lead to investment losses and interest rate fluctuations;

•Ratings downgrades on individual securities we own could negatively affect investment values, impacting statutory surplus;

•The development and adequacy of our loss reserves and loss expense reserves;

•Frequency and severity of catastrophic events, including natural events that climate change may impact, such as hurricanes, severe convective storms, 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, political, or judicial rulings, conditions or actions, including the impact of social inflation;

•The significant 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;

•Ongoing wars and conflicts impacting global economic, banking, commodity, and financial markets, exacerbating ongoing economic challenges, including inflation and supply chain disruption, all of which can influence insurance loss costs, premiums, and investment valuations;

•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 marketplace brand damage, 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 financial ratings, which may include sustainability considerations, 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 our Annual Report on Form 10-K and other periodic reports.

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 (Loss) Available to Common Stockholders to Non-GAAP Operating Income (Loss) 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
		June 30,			Mar. 31,	Dec. 31,	Sept. 30,	June 30,	June 30,	June 30,
($ and shares in millions, except per share data)		2025			2025	2024	2024	2024	2025	2024
For Period Ended
	Gross premiums written	$	1,496.2		1,428.8	1,275.9	1,343.1	1,406.2	2,925.1	2,728.0
	Net premiums written	1,288.6			1,240.4	1,089.6	1,157.6	1,226.1	2,529.1	2,382.7
	Change in net premiums written, from comparable prior year period	5		%	7	10	9	13	6	14

	Underwriting income (loss), before-tax	$	(2.4)		45.6	16.8	5.3	(173.7)	43.2	(154.7)
	Net investment income earned, before-tax	128.0			120.7	122.8	117.8	108.6	248.7	216.5
	Net realized and unrealized investment gains (losses), before-tax	4.2			0.2	(8.0)	5.4	1.3	4.4	(0.3)

	Net income (loss)	$	85.9		109.9	95.5	92.3	(63.3)	195.8	19.2
	Net income (loss) available to common stockholders(1)	83.6			107.6	93.2	90.0	(65.6)	191.2	14.6
	Non-GAAP operating income (loss)(2)	80.3			107.4	99.6	85.7	(66.6)	187.8	14.9

At Period End
	Total assets	14,468.4			14,197.6	13,514.2	13,473.1	12,565.5	14,468.4	12,565.5
	Total invested assets	10,553.6			10,295.3	9,651.3	9,635.3	9,021.8	10,553.6	9,021.8
	Stockholders' equity	3,369.4			3,258.5	3,120.1	3,167.8	2,922.7	3,369.4	2,922.7
	Common stockholders' equity(3)	3,169.4			3,058.5	2,920.1	2,967.8	2,722.7	3,169.4	2,722.7
	Common shares outstanding	60.8			60.8	60.8	60.8	60.9	60.8	60.9

Per Share and Share Data
	Net income (loss) available to common stockholders per common share (diluted)	$	1.36		1.76	1.52	1.47	(1.08)	3.12	0.24
	Non-GAAP operating income (loss) per common share (diluted)(2)	1.31			1.76	1.62	1.40	(1.10)	3.06	0.24
	Weighted average common shares outstanding (diluted)	61.3			61.3	61.3	61.3	60.9	61.3	61.2
	Book value per common share	$	52.09		50.33	47.99	48.82	44.74	52.09	44.74
	Adjusted book value per common share(2)	54.48			53.39	52.10	50.80	49.67	54.48	49.67
	Dividends paid per common share	0.38			0.38	0.38	0.35	0.35	0.76	0.70

Financial Ratios
	Loss and loss expense ratio	69.3		%	64.4	67.8	68.8	85.7	66.9	76.5
	Underwriting expense ratio	30.8			31.6	30.6	30.6	30.3	31.2	30.6
	Dividends to policyholders ratio	0.1			0.1	0.1	0.1	0.1	0.1	0.2
	GAAP combined ratio	100.2		%	96.1	98.5	99.5	116.1	98.2	107.3

	Return on common stockholders' equity ("ROE")	10.7			14.4	12.7	12.6	(9.5)	12.5	1.1
	Non-GAAP operating ROE(2)	10.3			14.4	13.5	12.1	(9.6)	12.3	1.1
	Debt to total capitalization	21.1			21.7	14.0	13.8	14.8	21.1	14.8

	Net premiums written to policyholders' surplus	1.45			1.47	1.60	1.63	1.64	1.45	1.64
	Invested assets per dollar of common stockholders' equity	$	3.33		3.37	3.31	3.25	3.31	3.33	3.31


(1)	Net income (loss) available to common stockholders is net income (loss) 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
		June 30,		Mar. 31,	Dec. 31,	Sept. 30,	June 30,	June 30,		June 30,
($ and shares in millions, except per share data)		2025		2025	2024	2024	2024	2025		2024
Revenues
	Net premiums earned	$	1,188.1	1,158.8	1,133.0	1,112.2	1,080.2	$	2,346.8	2,131.2
	Net investment income earned	128.0		120.7	122.8	117.8	108.6	248.7		216.5




	Net realized and unrealized gains (losses)	4.2		0.2	(8.0)	5.4	1.3	4.4		(0.3)
	Other income	6.5		5.5	8.5	8.9	5.8	12.1		13.6
	Total revenues	1,326.7		1,285.2	1,256.4	1,244.3	1,196.0	2,611.9		2,361.0

Expenses
	Loss and loss expense incurred	823.9		746.3	769.0	765.7	925.5	1,570.2		1,629.8
	Amortization of deferred policy acquisition costs	250.3		247.4	241.0	235.6	226.4	497.7		445.9
	Other insurance expenses	122.8		124.9	114.8	114.7	107.8	247.7		223.8
	Interest expense	13.3		9.6	7.2	7.3	7.2	22.8		14.4
	Corporate expenses	7.6		18.1	5.3	4.7	9.2	25.7		24.7
	Total expenses	1,217.8		1,146.3	1,137.3	1,127.8	1,276.1	2,364.1		2,338.5

Income (loss) before federal income tax		$	108.9	138.9	119.1	116.5	(80.1)	247.8		22.5
Federal income tax expense (benefit)		23.0		29.0	23.5	24.2	(16.8)	52.0		3.3

Net Income (loss)		$	85.9	109.9	95.5	92.3	(63.3)	195.8		19.2
Preferred stock dividends		2.3		2.3	2.3	2.3	2.3	4.6		4.6
Net income (loss) available to common stockholders		$	83.6	107.6	93.2	90.0	(65.6)	191.2		14.6

Net realized and unrealized investment (gains) losses, after tax(1)		(3.3)		(0.2)	6.3	(4.3)	(1.0)	(3.5)		0.3



Non-GAAP operating income (loss)(2)		$	80.3	107.4	99.6	85.7	(66.6)	$	187.8	14.9

Weighted average common shares outstanding (diluted)		61.3		61.3	61.3	61.3	60.9	61.3		61.2

Net income (loss) available to common stockholders per common share (diluted)		$	1.36	1.76	1.52	1.47	(1.08)	$	3.12	0.24

Non-GAAP operating income (loss) per common share (diluted)(2)		$	1.31	1.76	1.62	1.40	(1.10)	$	3.06	0.24

(1)	Amounts are provided to reconcile net income (loss) available to common stockholders to non-GAAP operating income (loss).
(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)


		June 30,		Mar. 31,	Dec. 31,	Sept. 30,	June 30,
($ in millions, except per share data)		2025		2025	2024	2024	2024

ASSETS
Investments


	Fixed income securities, held-to-maturity, net of allowance for credit losses	$	24.6	25.3	25.4	22.0	19.5
	Fixed income securities, available-for-sale, at fair value, net of allowance for credit losses	8,876.7		8,605.2	8,127.3	8,088.6	7,669.0


	Commercial mortgage loans, net of allowance for credit losses	271.9		257.7	233.7	223.6	219.5
	Equity securities, at fair value	318.1		266.5	213.6	205.6	192.0
	Short-term investments	531.4		631.1	509.3	561.0	417.3
	Alternative investments	435.0		411.1	440.9	432.0	414.8
	Other investments	96.0		98.4	101.1	102.5	89.7
	Total investments	10,553.6		10,295.3	9,651.3	9,635.3	9,021.8
Cash		0.4		0.1	0.1	0.1	0.2
Restricted cash		37.9		108.2	62.9	12.6	10.7
Accrued investment income		86.9		77.1	76.9	73.8	72.3


Premiums receivable, net of allowance for credit losses		1,662.6		1,539.7	1,467.8	1,531.9	1,579.7


Reinsurance recoverable, net of allowance for credit losses		881.4		924.9	1,061.1	1,057.3	685.6
Prepaid reinsurance premiums		252.6		235.9	235.4	230.7	219.8
Current federal income tax		13.2		—	—	13.0	38.6
Deferred federal income tax		120.7		134.2	146.8	100.7	145.9
Property and equipment, net of accumulated depreciation and amortization		100.0		100.1	93.3	92.2	89.2
Deferred policy acquisition costs		510.4		492.5	479.3	488.5	476.5
Goodwill		7.8		7.8	7.8	7.8	7.8
Other assets		241.1		281.6	231.4	229.1	217.4
	Total assets	$	14,468.4	14,197.6	13,514.2	13,473.1	12,565.5
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Reserve for loss and loss expense		$	6,811.2	6,610.9	6,589.8	6,452.0	5,903.5
Unearned premiums		2,815.7		2,698.5	2,616.3	2,655.0	2,598.7

Long-term debt		902.7		903.2	507.9	508.2	508.8
Current federal income tax		—		56.1	19.7	—	—

Accrued salaries and benefits		107.7		105.6	121.7	113.5	92.6
Other liabilities		461.7		564.7	538.7	576.6	539.2
	Total liabilities	$	11,099.1	10,939.0	10,394.1	10,305.3	9,642.8

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		211.8		211.7	211.2	211.1	211.0
Additional paid-in capital		580.4		571.3	557.0	549.8	545.3
Retained earnings		3,284.0		3,223.7	3,139.5	3,069.6	3,001.1
Accumulated other comprehensive income (loss)		(230.6)		(272.1)	(336.8)	(211.9)	(392.7)
Treasury stock, at cost		(676.3)		(676.1)	(650.8)	(650.7)	(641.9)
	Total stockholders' equity	$	3,369.4	3,258.5	3,120.1	3,167.8	2,922.7
Commitments and contingencies

	Total liabilities and stockholders' equity	$	14,468.4	14,197.6	13,514.2	13,473.1	12,565.5




Note: Amounts may not foot due to rounding.

Page 3

Selective Insurance Group, Inc. & Consolidated Subsidiaries

FINANCIAL METRICS

(Unaudited)


			Quarter ended										Year-to-date
			June 30,		Mar. 31,		Dec. 31,		Sept. 30,		June 30,		June 30,		June 30,
($ and shares in millions, except per share data)			2025		2025		2024		2024		2024		2025		2024
Book value per common share
		Common stockholders' equity	$	3,169.4		3,058.5		2,920.1		2,967.8		2,722.7		3,169.4		2,722.7
		Common shares issued and outstanding, at period end	60.8			60.8		60.8		60.8		60.9		60.8		60.9
		Book value per common share	$	52.09		50.33		47.99		48.82		44.74		52.09		44.74
		Adjusted book value per common share(1)	54.48			53.39		52.10		50.80		49.67		54.48		49.67
Financial results (after-tax)
		Underwriting income (loss)	(1.9)			36.1		13.3		4.1		(137.2)		34.1		(122.2)
		Net investment income	101.4			95.6		97.3		93.4		86.3		197.0		171.9
		Interest expense and preferred stock dividends	(12.8)			(9.9)		(8.0)		(8.0)		(8.0)		(22.6)		(16.0)
		Corporate expense	(6.4)			(14.4)		(3.0)		(3.8)		(7.7)		(20.8)		(18.9)
		Net realized and unrealized investment gains (losses)	3.3			0.2		(6.3)		4.3		1.0		3.5		(0.3)

		Total after-tax net income (loss) available to common stockholders	83.6			107.6		93.2		90.0		(65.6)		191.2		14.6


Return on average equity
		Insurance segments	(0.2)			4.8		1.8		0.6		(19.9)		2.2		(8.8)
		Net investment income	13.0			12.8		13.2		13.1		12.5		12.9		12.5
		Interest expense and preferred stock dividends	(1.6)			(1.3)		(1.1)		(1.1)		(1.2)		(1.5)		(1.2)
		Corporate expense	(0.9)			(1.9)		(0.4)		(0.5)		(1.0)		(1.3)		(1.4)
		Net realized and unrealized investment gains (losses)	0.4			—		(0.8)		0.5		0.1		0.2		—

		ROE	10.7			14.4		12.7		12.6		(9.5)		12.5		1.1
		Net realized and unrealized (gains) losses(2)	(0.4)			—		0.8		(0.5)		(0.1)		(0.2)		—

		Non-GAAP Operating ROE(1)	10.3			14.4		13.5		12.1		(9.6)		12.3		1.1
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
		5.90% Senior Notes	396.0			395.9		—		—		—		396.0		—
		6.70% Senior Notes	99.4			99.4		99.4		99.4		99.4		99.4		99.4
		5.375% Senior Notes	292.6			292.5		292.4		292.4		292.3		292.6		292.3
		Finance Lease Obligations	4.9			5.6		6.3		6.7		7.3		4.9		7.3
	Total debt		902.7			903.2		507.9		508.2		508.8		902.7		508.8
	Stockholders' equity		3,369.4			3,258.5		3,120.1		3,167.8		2,922.7		3,369.4		2,922.7
	Total capitalization		$	4,272.1		4,161.8		3,628.0		3,676.0		3,431.5		4,272.1		3,431.5
	Ratio of debt to total capitalization		21.1			21.7		14.0		13.8		14.8		21.1		14.8

Policyholders' surplus			$	3,288.5		3,204.2		2,902.8		2,787.5		2,698.8		3,288.5		2,698.8


(1)		Non-GAAP measure. Refer to Page 15 for definition.
(2)		Amounts are provided to reconcile ROE to non-GAAP operating ROE.
		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
		June 30,			Mar. 31,	Dec. 31,	Sept. 30,	June 30,	June 30,	June 30,
($ in millions)		2025			2025	2024	2024	2024	2025	2024

Underwriting results
Net premiums written		$	1,288.6		1,240.4	1,089.6	1,157.6	1,226.1	2,529.1	2,382.7
Change in net premiums written, from comparable prior year period		5		%	7	10	9	13	6	14

Net premiums earned		$	1,188.1		1,158.8	1,133.0	1,112.2	1,080.2	2,346.8	2,131.2
Losses and loss expenses incurred		823.9			746.3	769.0	765.7	925.5	1,570.2	1,629.8
Net underwriting expenses incurred		365.4			365.8	346.4	340.0	327.3	731.2	651.7
Dividends to policyholders		1.2			1.0	0.8	1.4	1.1	2.1	4.3
GAAP underwriting income (loss)		$	(2.4)		45.6	16.8	5.3	(173.7)	43.2	(154.7)

Net catastrophe losses		$	79.9		43.4	(10.1)	148.8	90.5	123.3	145.8
(Favorable) unfavorable prior year casualty reserve development		45.0			5.0	100.0	—	176.0	50.0	211.0

Underwriting ratios
Loss and loss expense ratio		69.3		%	64.4	67.8	68.8	85.7	66.9	76.5
Underwriting expense ratio		30.8			31.6	30.6	30.6	30.3	31.2	30.6
Dividends to policyholders ratio		0.1			0.1	0.1	0.1	0.1	0.1	0.2
	Combined ratio	100.2		%	96.1	98.5	99.5	116.1	98.2	107.3

Net catastrophe losses		6.7		pts	3.7	(0.9)	13.4	8.4	5.3	6.8
(Favorable) unfavorable prior year casualty reserve development		3.8			0.4	8.8	—	16.3	2.1	9.9
	Combined ratio before net catastrophe losses	93.5		%	92.4	99.4	86.1	107.7	92.9	100.5

	Combined ratio before net catastrophe losses and prior year casualty development	89.7		%	92.0	90.6	86.1	91.4	90.8	90.6

Other Statistics
Non-catastrophe property loss and loss expenses		$	173.2		178.7	178.2	146.7	185.5	351.9	356.7
Non-catastrophe property loss and loss expenses		14.6		pts	15.4	15.7	13.2	17.2	15.0	16.7
Direct new business		$	248.1		251.3	232.0	234.2	267.4	499.4	528.2
Renewal pure price increases		9.9		%	10.3	10.7	10.5	9.1	10.1	8.6



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
		June 30,			Mar. 31,	Dec. 31,	Sept. 30,	June 30,	June 30,	June 30,
($ in millions)		2025			2025	2024	2024	2024	2025	2024

Underwriting results
Net premiums written		$	1,018.0		1,003.2	833.4	903.9	963.1	2,021.2	1,894.8
Change in net premiums written, from comparable prior year period		6		%	8	9	8	11	7	13

Net premiums earned		$	937.6		912.2	884.6	875.4	853.5	1,849.8	1,687.6
Losses and loss expenses incurred		666.8			581.7	606.3	591.6	748.0	1,248.4	1,303.8
Net underwriting expenses incurred		295.9			296.6	279.3	275.1	265.4	592.5	530.0
Dividends to policyholders		1.2			1.0	0.8	1.4	1.1	2.1	4.3
GAAP underwriting income (loss)		$	(26.1)		32.9	(1.8)	7.3	(160.9)	6.8	(150.5)

Net catastrophe losses		$	50.9		19.8	(8.2)	100.4	50.9	70.7	89.4
(Favorable) unfavorable prior year casualty reserve development		45.0			—	75.0	—	176.0	45.0	211.0

Underwriting ratios
Loss and loss expense ratio		71.1		%	63.8	68.5	67.6	87.6	67.5	77.2
Underwriting expense ratio		31.6			32.5	31.6	31.4	31.1	32.0	31.4
Dividends to policyholders ratio		0.1			0.1	0.1	0.2	0.1	0.1	0.3
	Combined ratio	102.8		%	96.4	100.2	99.2	118.8	99.6	108.9

Net catastrophe losses		5.4		pts	2.2	(0.9)	11.5	6.0	3.8	5.3
(Favorable) unfavorable prior year casualty reserve development		4.8			—	8.5	—	20.6	2.4	12.5
	Combined ratio before net catastrophe losses	97.4		%	94.2	101.1	87.7	112.8	95.8	103.6

	Combined ratio before net catastrophe losses and prior year casualty development	92.6		%	94.2	92.6	87.7	92.2	93.4	91.1

Other Statistics
Non-catastrophe property loss and loss expenses		$	131.9		128.8	124.1	95.9	124.5	260.7	239.5
Non-catastrophe property loss and loss expenses		14.1		pts	14.1	14.0	11.0	14.6	14.1	14.2
Direct new business		$	158.2		172.2	139.5	139.2	168.4	330.3	340.4
Renewal pure price increases		8.9		%	9.1	8.8	9.1	7.9	9.0	7.8
Retention		83			85	85	86	85	83	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 June 30, 2025											Quarter ended June 30, 2024
	General				Commercial	Commercial	Workers					General	Commercial	Commercial	Workers
($ in millions)	Liability				Auto	Property(1)	Compensation	BOP	Bonds	Other	Total	Liability	Auto	Property(1)	Compensation	BOP	Bonds	Other	Total
Net premiums written	$	341.6			313.0	207.9	83.0	50.3	13.6	8.6	1,018.0	320.0	297.3	195.4	84.9	43.3	13.9	8.4	963.1
Net premiums earned	305.8				288.8	191.0	82.0	48.4	13.3	8.3	937.6	280.1	260.7	168.5	82.3	41.6	12.5	7.8	853.5
Underwriting income (loss)	(31.3)				(8.4)	7.4	(2.9)	2.5	2.0	4.5	(26.1)	(166.1)	(1.2)	(3.0)	3.9	(0.1)	2.0	3.7	(160.9)

Loss and loss expense ratio	78.7			%	73.3	61.4	77.1	62.7	29.1	(2.1)	71.1	128.5	71.2	67.4	69.5	68.6	27.2	1.2	87.6
Underwriting expense ratio	31.5				29.6	34.7	25.2	32.1	55.5	48.0	31.6	30.8	29.3	34.4	24.8	31.6	56.8	51.9	31.1
Dividend ratio	—				—	—	1.2	—	—	—	0.1	—	—	—	1.0	—	—	—	0.1
Combined ratio	110.2			%	102.9	96.1	103.5	94.8	84.6	45.9	102.8	159.3	100.5	101.8	95.3	100.2	84.0	53.1	118.8

Net catastrophe losses	—			%	1.4	17.8	—	26.5	—	—	5.4	—	1.0	24.6	—	16.1	—	0.1	6.0
(Favorable) unfavorable prior year casualty reserve development	6.5				8.7	—	—	—	—	—	4.8	59.3	3.8	—	—	—	—	—	20.6
Combined ratio before net catastrophe losses and prior year casualty development	103.7			%	92.8	78.3	103.5	68.3	84.6	45.9	92.6	100.0	95.7	77.2	95.3	84.1	84.0	53.0	92.2

	Year-to-Date June 30, 2025											Year-to-Date June 30, 2024
	General				Commercial	Commercial	Workers					General	Commercial	Commercial	Workers
($ in millions)	Liability				Auto	Property(1)	Compensation	BOP	Bonds	Other	Total	Liability	Auto	Property(1)	Compensation	BOP	Bonds	Other	Total
Net premiums written	$	675.5			625.6	404.2	169.1	101.2	28.0	17.6	2,021.2	627.4	582.9	370.0	183.6	88.0	26.4	16.6	1,894.8
Net premiums earned	600.5				572.3	377.6	161.1	95.3	26.5	16.5	1,849.8	553.5	512.4	330.1	170.1	81.6	24.6	15.4	1,687.6
Underwriting income (loss)	(47.2)				(0.8)	37.5	(7.6)	12.6	3.8	8.6	6.8	(195.6)	(0.9)	6.5	22.1	5.4	4.1	7.9	(150.5)

Loss and loss expense ratio	75.7			%	69.9	55.7	77.5	53.6	29.1	0.5	67.5	103.9	70.4	63.2	60.5	60.3	27.4	0.9	77.2
Underwriting expense ratio	32.2				30.2	34.4	26.1	33.2	56.8	47.7	32.0	31.2	29.6	34.5	25.5	33.1	56.0	47.7	31.4
Dividend ratio	—				—	—	1.1	—	—	—	0.1	0.2	0.2	0.3	1.0	—	—	—	0.3
Combined ratio	107.9			%	100.1	90.1	104.7	86.8	85.9	48.2	99.6	135.3	100.2	98.0	87.0	93.4	83.4	48.6	108.9

Net catastrophe losses	—				1.0	13.3	—	15.5	—	—	3.8	—	0.8	22.5	—	13.4	—	—	5.3
(Favorable) unfavorable prior year casualty reserve development	3.3				4.4	—	—	—	—	—	2.4	39.0	2.0	—	(8.8)	—	—	—	12.5
Combined ratio before net catastrophe losses and prior year casualty development	104.6		%		94.7	76.8	104.7	71.3	85.9	48.2	93.4	96.3	97.4	75.5	95.8	80.0	83.4	48.6	91.1

(1) Includes Inland Marine.
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
		June 30,			Mar. 31,	Dec. 31,	Sept. 30,	June 30,	June 30,	June 30,
($ in millions)		2025			2025	2024	2024	2024	2025	2024

Underwriting results
Net premiums written		$	110.5		87.5	103.6	111.0	116.1	198.0	216.1
Change in net premiums written, from comparable prior year period		(5)		%	(12)	(3)	(2)	6	(8)	11

Net premiums earned		$	102.4		103.7	107.1	107.5	106.4	206.0	210.3
Losses and loss expenses incurred		70.0			76.7	72.7	106.1	101.4	146.6	185.8
Net underwriting expenses incurred		23.9			24.9	25.5	25.2	24.3	48.8	49.1
GAAP underwriting income (loss)		$	8.6		2.0	8.9	(23.8)	(19.3)	10.6	(24.6)

Net catastrophe losses		$	14.6		7.1	1.0	41.7	25.4	21.7	37.2
(Favorable) unfavorable prior year casualty reserve development		—			5.0	5.0	—	—	5.0	—

Underwriting ratios
Loss and loss expense ratio		68.3		%	73.9	67.9	98.7	95.3	71.2	88.3
Underwriting expense ratio		23.3			24.1	23.8	23.4	22.8	23.7	23.4
	Combined ratio	91.6		%	98.0	91.7	122.1	118.1	94.9	111.7

Net catastrophe losses		14.3		pts	6.9	1.0	38.8	23.9	10.5	17.7
(Favorable) unfavorable prior year casualty reserve development		—			4.8	4.7	—	—	2.4	—
	Combined ratio before net catastrophe losses	77.3		%	91.1	90.7	83.3	94.2	84.4	94.0

	Combined ratio before net catastrophe losses and prior year casualty development	77.3		%	86.3	86.0	83.3	94.2	82.0	94.0

Other Statistics
Non-catastrophe property loss and loss expenses		$	28.3		36.5	38.9	38.0	45.4	64.8	87.2
Non-catastrophe property loss and loss expenses		27.6		pts	35.2	36.3	35.3	42.6	31.4	41.5
Direct new business		$	12.9		8.9	13.3	16.0	22.0	21.8	43.3
Renewal pure price increases		19.0		%	24.1	27.3	22.8	20.7	21.3	17.7
Retention		79			75	75	75	78	77	80


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 June 30, 2025							Quarter ended June 30, 2024
	Personal							Personal
($ in millions)	Auto				Homeowners	Other	Total	Auto	Homeowners	Other	Total
Net premiums written	$	52.7			54.6	3.2	110.5	59.6	53.4	3.2	116.1
Net premiums earned	51.3				48.3	2.8	102.4	57.5	46.1	2.8	106.4
Underwriting income (loss)	0.4				3.0	5.2	8.6	(6.3)	(17.7)	4.7	(19.3)

Loss and loss expense ratio	74.1			%	66.0	4.1	68.3	86.6	110.9	17.8	95.3
Underwriting expense ratio	25.1				27.8	(89.6)	23.3	24.3	27.5	(82.6)	22.8

Combined ratio	99.2			%	93.8	(85.5)	91.6	110.9	138.4	(64.8)	118.1

Net catastrophe losses	0.8			%	29.3	—	14.3	4.1	50.0	—	23.9
(Favorable) unfavorable prior year casualty reserve development	—				—	—	—	—	—	—	—
Combined ratio before net catastrophe losses and prior year casualty development	98.4			%	64.5	(85.5)	77.3	106.8	88.4	(64.8)	94.2

	Year-to-Date June 30, 2025							Year-to-Date June 30, 2024
	Personal							Personal
($ in millions)	Auto				Homeowners	Other	Total	Auto	Homeowners	Other	Total
Net premiums written	$	98.1			94.4	5.6	198.0	114.6	95.6	5.9	216.1
Net premiums earned	104.3				96.3	5.5	206.0	114.5	90.2	5.6	210.3
Underwriting income (loss)	(5.5)				6.4	9.7	10.6	(17.8)	(16.1)	9.3	(24.6)

Loss and loss expense ratio	79.7			%	65.5	9.8	71.2	90.4	90.0	18.9	88.3
Underwriting expense ratio	25.6				27.8	(85.0)	23.7	25.1	27.8	(84.2)	23.4

Combined ratio	105.3			%	93.3	(75.2)	94.9	115.5	117.8	(65.3)	111.7

Net catastrophe losses	0.5		%		22.0	—	10.5	2.6	37.9	—	17.7
(Favorable) unfavorable prior year casualty reserve development	4.8		%		—	—	2.4	4.4	(5.5)	—	—
Combined ratio before net catastrophe losses and prior year casualty development	100.0		%		71.3	(75.2)	82.0	108.5	85.4	(65.3)	94.0



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
		June 30,			Mar. 31,	Dec. 31,	Sept. 30,	June 30,	June 30,	June 30,
($ in millions)		2025			2025	2024	2024	2024	2025	2024

Underwriting results
Net premiums written		$	160.2		149.7	152.6	142.7	146.8	309.9	271.9
Change in net premiums written, from comparable prior year period		9		%	20	27	28	39	14	31

Net premiums earned		$	148.0		142.9	141.3	129.3	120.3	290.9	233.3
Losses and loss expenses incurred		87.2			88.0	90.0	68.0	76.2	175.1	140.3
Net underwriting expenses incurred		45.7			44.2	41.6	39.6	37.7	89.9	72.6
GAAP underwriting income (loss)		$	15.2		10.7	9.7	21.7	6.5	25.9	20.5

Net catastrophe losses		$	14.5		16.4	(2.9)	6.7	14.3	30.9	19.2
(Favorable) unfavorable prior year casualty reserve development		—			—	20.0	—	—	—	—

Underwriting ratios
Loss and loss expense ratio		58.9		%	61.6	63.6	52.5	63.3	60.2	60.1
Underwriting expense ratio		30.9			30.9	29.5	30.7	31.3	30.9	31.1
	Combined ratio	89.8		%	92.5	93.1	83.2	94.6	91.1	91.2

Net catastrophe losses		9.8		pts	11.5	(2.0)	5.2	11.9	10.6	8.2
(Favorable) unfavorable prior year casualty reserve development		—			—	14.2	—	—	—	—
	Combined ratio before net catastrophe losses	80.0		%	81.0	95.1	78.0	82.7	80.5	83.0

	Combined ratio before net catastrophe losses and prior year casualty development	80.0		%	81.0	80.9	78.0	82.7	80.5	83.0

Other Statistics
Non-catastrophe property loss and loss expenses		$	13.1		13.4	15.2	12.9	15.6	26.5	29.9
Non-catastrophe property loss and loss expenses		8.8		pts	9.4	10.8	10.0	13.0	9.1	12.8
Direct new business		$	77.0		70.2	79.1	79.0	77.0	147.2	144.5
Renewal pure price increases		9.3		%	8.7	8.2	8.0	6.4	9.0	5.9


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 June 30, 2025						Quarter ended June 30, 2024
($ in millions)	Casualty				Property	Total	Casualty	Property	Total
Net premiums written	$	93.9			66.2	160.2	86.6	60.3	146.8
Net premiums earned	87.4				60.6	148.0	73.9	46.4	120.3
Underwriting income (loss)	0.3				14.9	15.2	4.4	2.1	6.5

Loss and loss expense ratio	68.2			%	45.5	58.9	62.6	64.4	63.3
Underwriting expense ratio	31.5				30.0	30.9	31.4	31.1	31.3

Combined ratio	99.7			%	75.5	89.8	94.0	95.5	94.6

Net catastrophe losses	—			%	23.8	9.8	—	30.8	11.9
(Favorable) unfavorable prior year casualty reserve development	—			pts	—	—	—	—	—
Combined ratio before net catastrophe losses and prior year casualty development	99.7			%	51.7	80.0	94.0	64.7	82.7

	Year-to-Date June 30, 2025						Year-to-Date June 30, 2024
($ in millions)	Casualty				Property	Total	Casualty	Property	Total
Net premiums written	$	184.6			125.2	309.9	163.7	108.2	271.9
Net premiums earned	172.5				118.4	290.9	145.5	87.8	233.3
Underwriting income (loss)	(0.1)				26.0	25.9	8.9	11.6	20.5

Loss and loss expense ratio	68.3			%	48.4	60.2	62.7	55.9	60.1
Underwriting expense ratio	31.8				29.6	30.9	31.2	30.9	31.1

Combined ratio	100.1			%	78.0	91.1	93.9	86.8	91.2

Net catastrophe losses	—				26.1	10.6	—	21.9	8.2
(Favorable) unfavorable prior year casualty reserve development	—		%		—	—	—	—	—
Combined ratio before net catastrophe losses and prior year casualty development	100.1		%		51.9	80.5	93.9	64.9	83.0

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
		June 30,		Mar. 31,		Dec. 31,		Sept. 30,		June 30,		June 30,		June 30,
($ in millions)		2025		2025		2024		2024		2024		2025		2024

Net investment income
Fixed income securities
	Taxable	$	113.9		103.6		100.9		96.4		91.5		217.5		183.0
	Tax-exempt	1.8			1.5		1.8		2.1		2.4		3.3		5.1
Total fixed income securities		115.7			105.1		102.7		98.5		93.9		220.8		188.0
Commercial mortgage loans		3.8			3.6		3.3		3.2		3.1		7.4		5.9
Equity securities		4.9			3.6		6.1		5.4		1.9		8.5		6.8
Alternative investments		4.0			7.1		10.6		9.0		10.5		11.1		17.4
Other investments		0.2			0.2		0.2		0.3		0.1		0.4		0.4
Short-term investments		5.3			6.2		5.6		6.5		4.7		11.5		8.2
Investment income		133.8			125.8		128.6		122.8		114.3		259.6		226.7
Investment expenses		(5.9)			(5.1)		(5.8)		(5.0)		(5.6)		(11.0)		(10.2)
Investment tax expense		(26.5)			(25.1)		(25.5)		(24.4)		(22.4)		(51.6)		(44.6)
Total net investment income, after-tax		$	101.4		95.6		97.3		93.4		86.3		197.0		171.9












Net realized and unrealized investment gains (losses), pre-tax		$	4.2		0.2		(8.0)		5.4		1.3		4.4		(0.3)

Change in unrealized gains (losses) recognized in other comprehensive income, pre-tax		$	51.6		81.1		(164.6)		228.0		(10.8)		132.7		(26.9)

Average investment yields
	Fixed income investments, pre-tax	5.3			5.0		5.1		5.0		4.9		5.2		5.0
	Fixed income investments, after-tax	4.2			4.0		4.0		4.0		3.9		4.1		3.9

	Total portfolio, pre-tax	4.9			4.8		5.1		5.0		4.9		4.9		4.9
	Total portfolio, after-tax	3.9			3.8		4.0		4.0		3.9		3.9		3.9

Effective tax rate on net investment income		20.7			20.8		20.7		20.7		20.6		20.8		20.6
New money purchase rates for fixed income investments, pre-tax		5.7			6.0		6.1		5.8		6.4		5.9		6.1
New money purchase rates for fixed income investments, after-tax		4.6			4.7		4.8		4.6		5.0		4.7		4.8
Effective duration of fixed income investments including short-term (in years)		4.2			4.1		4.0		3.9		3.9		4.2		3.9



Note: Amounts may not foot due to rounding.

Page 12

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CONSOLIDATED COMPOSITION OF INVESTED ASSETS

(Unaudited)


	June 30,					Mar. 31,		Dec. 31,		Sept. 30,		June 30,
	2025					2025		2024		2024		2024
($ in millions)	Amount		Percent			Amount	Percent	Amount	Percent	Amount	Percent	Amount	Percent
Fixed income securities, at fair value	$	8,901.1	84		%	8,630.0	84	8,152.1	85	8,110.0	84	7,687.6	85
Commercial mortgage loans, at fair value	266.2		3			251.5	2	224.8	2	218.6	2	209.0	2
Total fixed income investments	9,167.3		87			8,881.5	86	8,376.9	87	8,328.7	86	7,896.6	87
Short-term investments	531.4		5			631.1	6	509.3	5	561.0	6	417.4	5
Total fixed income and short-term investments	9,698.8		92			9,512.6	92	8,886.2	92	8,889.7	92	8,314.0	92
Equity securities, at fair value	318.1		3			266.5	3	213.6	2	205.6	2	192.0	2
Alternative investments	435.0		4			411.1	4	440.9	5	432.0	4	414.8	5
Other investments	96.0		1			98.4	1	101.1	1	102.5	1	89.7	1
Total investments	$	10,547.8	100		%	10,288.6	100	9,641.8	100	9,629.8	100	9,010.5	100
Fixed income investments, at carry value
U.S. government obligations	$	129.4	1		%	134.5	2	120.2	1	125.4	2	151.0	2
Foreign government obligations	10.5		—			10.4	—	9.3	—	9.7	—	9.2	—
Obligations of state and political subdivisions	458.7		5			432.9	5	451.2	5	492.9	6	525.4	7
Corporate securities	3,338.6		36			3,262.5	37	3,093.6	37	3,048.7	37	2,865.4	36
Collateralized loan obligations and other asset-backed securities	2,276.2		25			2,197.2	25	2,033.1	24	1,946.4	23	1,916.1	24
Residential mortgage-backed securities	1,943.6		21			1,852.1	21	1,692.4	20	1,740.0	21	1,504.0	19
Commercial mortgage-backed securities	744.2		8			740.9	8	753.0	9	747.5	9	717.4	9
Commercial mortgage loans	271.9		3			257.7	3	233.7	3	223.6	3	219.5	3
Total fixed income investments	$	9,173.1	100		%	8,888.2	100	8,386.4	100	8,334.1	100	7,908.0	100
Expected maturities of fixed income investments at carry value
Due in one year or less	$	587.8	6		%	622.8	7	638.3	8	670.4	8	634.2	8
Due after one year through five years	3,802.7		41			3,723.8	42	3,692.6	44	3,764.6	45	3,622.6	46
Due after five years through 10 years	3,712.8		40			3,442.5	39	3,072.8	37	3,072.6	37	2,872.1	36
Due after 10 years	1,069.8		12			1,099.3	12	982.7	12	826.5	10	779.1	10
Total fixed income investments	$	9,173.1	100		%	8,888.2	100	8,386.4	100	8,334.1	100	7,908.0	100
Weighted average credit quality of fixed income and short-term investments
Investment grade credit quality	$	9,351.7	96		%	9,188.2	97	8,577.3	97	8,591.0	97	8,002.7	96
Non-investment grade credit quality	347.1		4			324.3	3	308.9	3	298.7	3	311.3	4
Total fixed income and short-term investments, at fair value	$	9,698.8	100		%	9,512.6	100	8,886.2	100	8,889.7	100	8,314.0	100
Weighted average credit quality of fixed income and short-term investments	A+					A+		A+		AA-		AA-

Alternative investments	June 30, 2025
							Current
	Number of		Original			Remaining	Market
Strategy	Funds		Commitment			Commitment	Value
Private equity	69		$	471.2		170.7	325.8
Private credit	20		169.5			99.1	62.1
Real assets	12		87.8			36.3	47.0
Total	101		$	728.6		306.1	435.0

Note: Amounts may not foot due to rounding.

Page 13

Selective Insurance Group, Inc. & Consolidated Subsidiaries

CREDIT QUALITY OF INVESTED ASSETS

(Unaudited)


At June 30, 2025									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		146	129	1.2	4.6	5.9	8.4	—	129	—	—	—	—
	Foreign government obligations		12	11	0.1	4.8	4.7	5.5	1	2	5	4	—	—
	State and municipal obligations		491	459	4.3	4.8	7.4	10.5	77	222	150	10	—	—
	Corporate securities		3,381	3,339	31.7	5.2	4.7	6.2	12	357	1,445	1,330	195	—
	Mortgage-backed securities:
		Residential mortgage-backed securities ("RMBS"):
		Agency RMBS	1,499	1,435	13.6	5.1	5.9	7.9	—	1,435	—	—	—	—
		Non-agency RMBS	530	508	4.8	5.6	3.9	5.3	443	37	21	8	—	—
		Total RMBS	2,029	1,944	18.4	5.3	5.3	7.2	443	1,472	21	8	—	—
		Commercial mortgage-backed securities ("CMBS")

SELECTIVE INSURANCE GROUP INC 8-K