Selective Insurance Group, Inc. is a holding company for seven property and casualty insurance companies rated "A+" (Superior) by A.M. Best. Through independent agents, the insurance companies offer primary and alternative market insurance for commercial and personal risks, and flood insurance underwritten by the National Flood Insurance Program. Other subsidiaries of the company provide human resource administration outsourcing. Selective maintains a website at www.selective.com.
Selective's value-added products and services are marketed through nearly 950 independent agents in 22 primary states in the East and Midwest. Selective expanded into Tennessee for commercial lines in 2008 and personal lines in 2009. The Company's approximately 1,900 employees create the competitive advantages that make Selective one of the best super-regional carriers in the marketplace.
Selective maintains a strong financial position with a conservative investment portfolio, and sound fiscal management with a focus on return to shareholders through book value and dividend growth. Historically, Selective has produced a lower statutory combined ratio than the property and casualty insurance industry, and outperformed the industry average over the past 10-years by 2.6 points.
A significant measure of the Company's financial strength is its "A+" (Superior) rating from A.M. Best Company, Inc. Selective has maintained its "A+" rating from A.M. Best Company, Inc. for 48 consecutive years. Additionally, Standard & Poor's rates Selective's financial strength an "A+", citing the "strong competitive position in its core Mid-Atlantic market, strong operating performance, strong operating company capitalization, and strong financial flexibility."
Selective has successfully implemented its "High-Tech, High-Touch" business model to drive premium growth and improve the profitability of its book of business. Leading-edge analytic tools, predictive models and comprehensive field-based strategies are examples of how Selective's commitment to "high-tech" knowledge-based tools and technology will allow Selective to continue to excel in an industry that is becoming more and more driven by the availability and opportunistic utilization of actionable information.
Selective’s "High Touch" approach signifies the close relationships that Selective has with its nearly 950 independent insurance agents, and customers, as a result of its business model that places underwriters, claims representatives, technology staff, and safety management representatives in the field near agents and customers. |
