Selective Insurance Group, Inc.

40 Wantage Avenue

Branchville, New Jersey 07890
(973) 948-3000
www.selective.com

Sales

$1.4 billion

Business Description

Selective Insurance Group, Inc., (Parent) is a holding company that was
established in 1977. The Parent, through its subsidiaries, (collectively,
Selective or the Company) offers property and casualty insurance products and
diversified insurance services products.

We offer commercial and personal insurance products through Selective Insurance
Company of America (SICA), Selective Way Insurance Company (SWIC), Selective
Insurance Company of the Southeast (SISE), Selective Insurance Company of South
Carolina (SISC), and Selective Insurance Company of New York (SINY)
(collectively, the Insurance Subsidiaries). Our Diversified Insurance Services'
products are sold by: Alta Services, LLC (Alta), a New Jersey-based managed care
company that provides medical claims handling services to our Insurance
Subsidiaries and other insurers, Consumer Health Network Plus, LLC (CHN), a New
Jersey-based preferred provider organization (PPO), Northeast Health Direct, LLC
(NHD), a New England-based PPO and SelecTech, LLC, a New Jersey-based third
party administrator (collectively, CHN Solutions), Selective HR Solutions, Inc.,
a Florida-based human resource administration outsourcing organization (HR
outsourcing), and a division of SICA (Flood) that provides flood insurance and
claim administration services to homeowners and commercial customers.

Our insurance products are sold through approximately 800 independent agents in
20 northeastern, midatlantic, southeastern and midwestern states. We offer a
broad range of commercial insurance and alternative risk management products to
small- and mediumsized businesses and government entities in these states. Our
commercial insurance products represent over 80% of net premiums written. We
also provide personal insurance products to individuals and families which
represent approximately 20% of net premiums written and are limited to about
half our states. We write business in the following states: Connecticut,
Delaware, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan,
Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania,
Rhode Island, South Carolina, Virginia and Wisconsin.

We have diversified our businesses to develop fee-based revenues. We offer
diversified insurance services which include: flood business serviced by us for
the federal government's National Flood Insurance Program, managed care services
and HR outsourcing products and services.

The Company has classified its business into three operating segments: Insurance
Operations (commercial lines underwriting and personal lines underwriting),
Investments, and Diversified Insurance Services (managed care, flood insurance
and HR outsourcing). Amounts from our software development and program
administration business, which we sold during 2002, have been reclassified in
prior years as discontinued operations. For a discussion of, and information
about, our segments and discontinued operations, see Item 7. "Management's
Discussion and Analysis of Financial Condition and Results of Operations" and
Item 8. "Financial Statements and Supplementary Data," Note 10 to the
consolidated financial statements, "Segment Information," and Note 13 to the
consolidated financial statements, "Discontinued Operations."

INSURANCE OPERATIONS SEGMENT

The Insurance Operations segment sells and services property and casualty
insurance products. Our principal strategy is to generate profitable premium
growth based on superior customer service and strong franchise value with our
independent agents. In addition, we strive to maintain and build on Selective's
position as a market leader among regional property and casualty insurers.

The segment is managed by type of business: commercial lines underwriting and
personal lines underwriting. Lines of business covered by the commercial lines
underwriting segment include: fire/inland marine, workers' compensation, general
liability, automobile, business owners' policy and bonds. The personal lines
underwriting lines of business include automobile and homeowners' insurance
coverages. In addition to lines of business, we also analyze the results of this
segment by regional office, agent and strategic business unit, which are
organized around classes of customers to analyze insurance needs unique to those
customers.


 

Business Insurance -  Category Directory

Property & Casualty Insurance - Category Directory