Exhibit 99.1

selectivelogo093018.jpg


Selective Reports Excellent Results for the Fourth Quarter of 2018 - Net Income per Diluted Share of $0.76;
Record Non-GAAP Operating Income1 per Diluted Share of $1.20; and Strong Full Year 2018 Results with a Return on Equity ("ROE") of 10.2% and Non-GAAP Operating ROE1 of 12.5%


In the fourth quarter of 2018:

Net premiums written ("NPW") grew 5%
GAAP combined ratio was 92.7%
After-tax net investment income was up 42%, to $44 million
Annualized ROE was 10.4% and non-GAAP operating ROE was 16.3%

Branchville, NJ - January 31, 2019 - Selective Insurance Group, Inc. (NASDAQ: SIGI) today reported its financial results for the fourth quarter ended December 31, 2018. Net income per diluted share was $0.76, compared to $0.51 a year ago. Non-GAAP operating income per diluted share was up 40%, to $1.20. After-tax net realized losses were $0.44 per diluted share in the fourth quarter, reflecting significant opportunistic trading activity that will enhance our fixed income portfolio and 2019 after-tax net investment income. The Company generated an overall after-tax portfolio yield of 2.8% in 2018 and ended the year with 3.33 of invested assets per dollar of stockholders' equity.

"In the fourth quarter, we generated a 92.7% GAAP combined ratio, or 90.3% excluding catastrophe losses," said Gregory E. Murphy, Chairman and Chief Executive Officer. "For the year, non-GAAP operating ROE was 12.5%, exceeding our ROE target of 12%. We are extremely proud of our continued track record of generating solid returns for our shareholders, as this was the fifth consecutive year the Company generated double digit non-GAAP operating ROEs."

"We continue to execute on disciplined growth, with our net premiums written increasing 6% in 2018, driven by commercial lines renewal pure price increases of 3.5% and strong retention in our standard lines of business of 83%," Mr. Murphy added. "Our investment portfolio generated superior results for the year with after-tax net investment income up 35% from 2017, to $160 million, driven by: (i) higher interest rates; (ii) active portfolio management; (iii) excellent operating cash flow that was 18% of NPW; (iv) improved alternative investment returns; and (v) a lower Federal income tax rate."

Mr. Murphy continued, "The Company's financial results and our best in class employees' successful execution on our strategic objectives, have allowed Selective to be in its strongest financial position ever going into 2019. We maintained our standard commercial lines written renewal pure price increases in line with expected claim inflation. The targeted underwriting actions we took in our excess and surplus lines have improved results in this segment. Through our state expansion efforts, we entered five new states for standard commercial lines and two new states for standard personal lines in the last 18 months, which provides additional runway for growth. All of these achievements coupled with strong relationships with our 'ivy league' distribution partners, continued investment in sophisticated underwriting tools, and a focus to provide a superior experience to our customers, will allow for continued outperformance relative to the industry."









1


The following information was filed by Selective Insurance Group Inc (SIGI) on Thursday, January 31, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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