SIGI approves $200M repurchase; ends prior $100M plan Oct 24

Rhea-AI Filing Summary

Selective Insurance Group (SIGI) furnished its third-quarter update and announced a new share repurchase authorization. The company issued a press release with results for the quarter ended September 30, 2025 and provided supplemental financial information and investor presentation materials.

The Board approved a $200 million share repurchase program effective October 27, 2025, authorizing repurchases of issued and outstanding common stock in an aggregate amount of up to $200 million, exclusive of any excise tax impact. Repurchases may be executed via open market purchases (including potential Rule 10b5-1 plans), privately negotiated transactions, block trades, accelerated share repurchase plans, or a combination. The company is not obligated to repurchase any specific amount, and the program has no expiration date; the Board may amend or terminate it at any time. The prior repurchase program authorized up to $100 million and will cease at the close of business on October 24, 2025, after which all repurchases will occur under the new program.

Insights

Equity Capital Markets Analyst

$200M buyback authorization, prior $100M plan retired

Selective Insurance Group disclosed a Board-approved share repurchase authorization of $200,000,000 effective October 27, 2025. The mechanisms listed permit execution through open market purchases, potential Rule 10b5-1 plans, privately negotiated trades, block trades, and accelerated share repurchase structures.

The program carries no expiration and no obligation to repurchase a minimum amount, giving flexibility to adjust activity based on stock price, market conditions, regulatory requirements, and capital deployment alternatives listed in the disclosure. The Board can amend or terminate the program at any time.

The company will discontinue the prior $100,000,000 authorization at close of business on October 24, 2025, with all activity shifting to the new program on October 27, 2025. Actual impact depends on repurchase pace and pricing, which will be evident in subsequent disclosures.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) October 22, 2025

SELECTIVE INSURANCE GROUP, INC.

(Exact name of registrant as specified in its charter)

New Jersey

001-33067

22-2168890

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

40 Wantage Avenue, Branchville, New Jersey 07890

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (973) 948-3000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol (s)			Name of each exchange on which registered
Common Stock, par value $2 per share			SIGI			The Nasdaq Stock Market LLC
Depositary Shares, each representing a 1/1,000th interest in a share of 4.60% Non-Cumulative Preferred Stock, Series B, without par value			SIGIP			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Section 2 – Financial Information

Item 2.02.    Results of Operations and Financial Condition.

On October 22, 2025, Selective Insurance Group, Inc. (the “Company”) issued a press release announcing results for the third quarter ended September 30, 2025. The press release is attached hereto as Exhibit 99.1.

Section 7 – Regulation FD

Item 7.01.    Regulation FD Disclosure.

Attached as Exhibit 99.2 is supplemental financial information about the Company.

The Company may present to various investors and stockholders using the presentation materials, which include supplemental financial information about the Company, that are furnished as Exhibit 99.3 hereto and incorporated herein by reference.

The information contained in Item 2.02 and Item 7.01 of this Current Report on Form 8-K, including the exhibits attached hereto, is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. The Company makes no admission as to the materiality of any information in this report or the exhibits attached hereto.

Important information may be disseminated initially or exclusively via the Company’s corporate website, www.selective.com/investors. Investors should consult the site to access this information. Any website addresses included herein are inactive textual references only. The information contained on any such website referenced herein is not incorporated into this Current Report on Form 8-K.

Section 8 – Other Events

Item 8.01. Other Events.

On October 22, 2025, the Company announced that its Board of Directors (the “Board”) approved a $200 million share repurchase program (the “New Repurchase Program”) effective October 27, 2025. Under the New Repurchase Program, the Company will be authorized to repurchase issued and outstanding shares of the Company’s common stock in an aggregate amount of up to $200 million, exclusive of any excise tax impact. Repurchases under the New Repurchase Program may be made through a variety of methods, which could include open market purchases, which may or may not be pursuant to Rule 10b5-1 trading plans, privately negotiated transactions, block trades, accelerated share repurchase plans, or any combination of such methods. The timing and amount of shares repurchased will depend on the stock price, business and market conditions, corporate and regulatory requirements, investment opportunities, acquisition opportunities, and other factors. The Company is not obligated to repurchase any specific amount of shares of common stock. The New Repurchase Program does not have an expiration date and may be amended or terminated by the Board at any time without prior notice.

In connection with the Board’s approval of the New Repurchase Program, the Board determined to discontinue the Company’s existing repurchase program, which was approved by the Board on November 30, 2020 and authorized the Company to repurchase up to $100 million in shares of its common stock (the “Prior Repurchase Program”). Accordingly, effective as of the close of business on October 24, 2025, no additional shares of common stock will be repurchased under the Prior Repurchase Program, and beginning on October 27, 2025, any and all repurchases will be made pursuant to the New Repurchase Program.

Section 9 – Financial Statements and Exhibits

Item 9.01.    Financial Statements and Exhibits.

(d)    Exhibits

Exhibit No.    Description of Exhibit

99.1    Press Release of Selective Insurance Group, Inc. dated October 22, 2025

99.2    Financial Supplement, Third Quarter 2025

99.3    Selective Insurance Group, Inc. Third Quarter 2025 Investor Presentation

104     The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						SELECTIVE INSURANCE GROUP, INC.
Date:			October 22, 2025			By:			/s/ Michael H. Lanza
									Michael H. Lanza
									Executive Vice President and General Counsel

FAQ

What did Selective Insurance Group (SIGI) announce regarding share repurchases?

The Board approved a new share repurchase program authorizing up to $200 million of common stock repurchases, effective October 27, 2025.

How will SIGI execute the new $200 million buyback?

Repurchases may occur via open market purchases (including potential Rule 10b5-1 plans), privately negotiated transactions, block trades, and accelerated share repurchase plans.

Is SIGI obligated to repurchase a specific amount or within a set time?

No. The company is not obligated to repurchase any specific amount, and the program has no expiration date.

What happens to SIGI’s prior repurchase program?

The prior $100 million program will be discontinued at the close of business on October 24, 2025. All repurchases will occur under the new program starting October 27, 2025.

Did SIGI release its Q3 2025 financial results?

Yes. The company furnished a press release with results for the quarter ended September 30, 2025, along with supplemental financial information and an investor presentation.

Where can investors find SIGI’s supplemental information?

Supplemental financial information and presentation materials are furnished as Exhibits 99.2 and 99.3 and may be available at www.selective.com/investors.