Selective

Selective has maintained a financial strength rating of A or better by A.M. Best Rating Services for more than 90 years. This rating demonstrates the financial stability of the organization that is so important to our customers, distribution partners, and shareholders. In late 2021, A.M. Best upgraded our financial strength rating to A+, reflecting our consistently superior operating performance and solid financial position. We have a strong capital base with $3 billion of equity and a prudent debt-to-capital ratio of 14.6% as of year-end 2023. As of year-end 2023, Selective maintained an $8.7 billion investment portfolio with a conservative fixed income securities and short-term investments average rating of AA- . We also target a low-hazard business mix, protect our balance sheet with a conservative reinsurance program, and maintain prudent reserving practices.

Selective Insurance is a super-regional property and casualty insurance company with a long history of superior operating execution and financial strength. Selective employs a unique operating model, with a strong focus on servicing our franchise distribution partners and customers through a local presence and technology-driven solutions. In 2023, we celebrated our 97th year in business, ranking as the 37th largest property and casualty insurance group in the United States based on 2022 net premiums written in A.M. Best's annual list of 'Top 200 U.S. Property/Casualty Writers'. Our business is comprised of Standard Commercial Lines, Standard Personal Lines, and Excess & Surplus Lines, which accounted for 79%, 10%, and 11% of total 2023 net premiums written, respectively.