Financial Strength and Credit Ratings

	A.M. Best	Standard& Poors	Moody's	Fitch
Financial Strength Rating	A+	A	A2	A+
Long Term Issuer Rating	aa+	BBB		A-
Senior Unsecured	a-	BBB	Baa2	BBB+
Subordinated	bbb	BB+	Baa3	BBB-

• A.M. Best has rated Selective “A+” (Superior) for 50 years, citing Selective’s strong capitalization, solid level of operating profitability and established presence within its targeted regional markets. The rating also recognizes Selective’s experienced management team, disciplined underwriting focus, successful field-based operating model and growing use of sophisticated predictive analytic modeling tools.
• Standard & Poor’s “A” rating for Selective is based in part on the group’s strong competitive position in its core Mid-Atlantic regional markets, supported by its state of the art predictive modeling capabilities, conservative financial leverage, and strong liquidity.
• Moody’s Investor Service rates Selective A2, noting the company’s solid regional franchise with established independent agency support, along with its good risk adjusted capitalization and modest financial leverage.
• Fitch Ratings rates Selective “A+”, citing Selective’s disciplined underwriting culture, conservative balance sheet with good capitalization and reserve strength, strong independent agency relationships, and improved diversification.