# EDGAR Filing Document

**Accession Number:** 0000230557
**File Stem:** 0001104659-25-072210
**Filing Date:** 2025-7
**Character Count:** 14358
**Document Hash:** b34bb2cdc454c8df62d37dfd8a97bde4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-072210.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001104659-25-072210

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250730

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SELECTIVE INSURANCE GROUP INC
- **CENTRAL INDEX KEY:** 0000230557
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 222168890
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33067
- **FILM NUMBER:** 251167921

**BUSINESS ADDRESS:**
- **STREET 1:** 40 WANTAGE AVENUE
- **CITY:** BRANCHVILLE
- **STATE:** NJ
- **ZIP:** 07890
- **BUSINESS PHONE:** 9739483000

**MAIL ADDRESS:**
- **STREET 1:** 40 WANTAGE AVE
- **STREET 2:** 40 WANTAGE AVE
- **CITY:** BRANCHVILLE
- **STATE:** NJ
- **ZIP:** 07890

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SRI CORP
- **DATE OF NAME CHANGE:** 19860508

?xml version='1.0' encoding='ASCII'?

**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)&nbsp;&nbsp;&nbsp;&nbsp; July 30, 2025

<u>**SELECTIVE INSURANCE GROUP, INC.**</u>

(Exact name of registrant as specified in its charter)

New Jersey 001-33067 22-2168890 <br> (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

<u>40 Wantage Avenue</u>, <u>Branchville, New Jersey</u> <u>07890</u>

(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:

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| | | |
|:---|:---|:---|
| **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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◻

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 5 – Corporate Governance and Management**

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| | |
|:---|:---|
| **Item 5.02.** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** |

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On July 30, 2025, Wole Coaxum informed Selective Insurance Group, Inc. ("Selective") of his resignation from the Board of Directors ("Board"), effective immediately (the "Resignation"). Mr. Coaxum's decision to resign from the Board relates to other professional responsibilities – not any disagreement with the Company regarding its operations, policies, or practices.

With Mr. Coaxum's Resignation, the Board size has been fixed at 11 directors, 10 of whom are independent.

**Section 7 – Regulation FD**

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| | |
|:---|:---|
| **Item 7.01.** | **Regulation FD Disclosure.** |

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On July 30, 2025, Selective issued a press release regarding the Resignation, a copy of which is included as Exhibit 99.1 attached hereto and incorporated herein by reference.

The information contained in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 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 9 – Financial Statements and Exhibits**

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.** |

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(d)&nbsp;&nbsp;&nbsp;&nbsp; *Exhibits*

Exhibit No. Description of Exhibit

[99.1](tm2522127d1_ex99-1.htm) [Press Release of Selective Insurance Group, Inc. dated July 30, 2025](tm2522127d1_ex99-1.htm)

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.

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| | | | |
|:---|:---|:---|:---|
|  |  | SELECTIVE INSURANCE GROUP, INC. | SELECTIVE INSURANCE GROUP, INC. |
| Date: | July 30, 2025 | By: | /s/ Michael H. Lanza |
|  |  |  | Michael H. Lanza |
|  |  |  | Executive Vice President and General Counsel |

---

## Exhibit 99.1

**Exhibit 99.1**

![](tm2522127d1_ex99-1img01.jpg)

**Selective Director Steps Down to Focus on Founder Role**

**Branchville, NJ - July 30, 2025 –** Wole Coaxum informed Selective Insurance Group, Inc. ("Selective") today of his resignation from the Board of Directors ("Board"), effective immediately. Mr. Coaxum's decision to resign from the Board relates to other professional responsibilities – not any disagreement with the Company regarding its operations, policies, or practices.

With Mr. Coaxum's resignation, the Board size has been fixed at 11 directors, 10 of whom are independent.

"It has been an honor and a privilege to serve on Selective's Board for the last five years, especially given its consistent commitment to policyholders and independent agents. The company is well-positioned for the future, with its focus on talent development and execution against its strategic vision," said Mr. Coaxum. "As I shift my full attention to Mobility Capital Finance Inc., I am extremely confident in the team's ability to deliver value for shareholders and positively impact the communities Selective serves."

"On behalf of the Board and the entire team, I want to express my deep gratitude to Wole Coaxum for his significant contributions to Selective," said John J. Marchioni, Chairman, President and Chief Executive Officer. Wole brought us a unique perspective, drawing on his experiences as an executive leader with some of the world's largest insurance and finance companies and as an entrepreneur addressing financially underserved communities. We respect Wole's need to focus on the company he founded, but we will miss his great insights on strategy, business, and people."

**About Selective Insurance Group, Inc.** 

Selective Insurance Group, Inc. (Nasdaq: SIGI) is a holding company for 10 property and casualty insurance companies rated "A+" (Superior) by AM Best. Through independent agents, the insurance companies offer standard insurance for commercial and personal risks and specialty insurance for commercial risks. Selective also offers flood insurance through the National Flood Insurance Program's Write Your Own Program. Selective's unique position as both a leading insurance group and employer of choice is widely recognized, with awards and honors including listing in Forbes Best Midsize Employers and certification for six consecutive years as a Great Place to Work®.

**Forward-Looking Statements**

Certain statements in this report, including information incorporated by reference, are "forward-looking statements" defined in the Private Securities Litigation Reform Act of 1995 ("PSLRA"). The PSLRA provides a forward-looking statement safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements discuss our intentions, beliefs, projections, estimations, or forecasts of future events and financial performance. They involve uncertainties and known and unknown risks and other factors that may cause actual results, activity levels, or performance to materially differ from those in or implied by the forward-looking statements. In some cases, forward-looking statements include the words "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "attribute," "confident," "strong," "target," "project," "intend," "believe," "estimate," "predict," "potential," "pro forma," "seek," "likely," "continue," or comparable terms. Our forward-looking statements are only predictions; we cannot guarantee or assure that such expectations will prove correct. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, except as may be required by law. Factors that could cause our actual results to differ materially from what we project, forecast, or estimate in forward-looking statements include, without limitation:

&nbsp;&nbsp;&nbsp;&nbsp;· Challenging conditions in the economy, global capital markets, the banking
sector, and commercial real estate, including prolonged higher inflation, could increase loss costs and negatively impact investment portfolios;

&nbsp;&nbsp;&nbsp;&nbsp;· Deterioration in the public debt, public equity, or private investment markets
that could lead to investment losses and interest rate fluctuations;

&nbsp;&nbsp;&nbsp;&nbsp;· Ratings downgrades on individual securities we own could negatively affect
investment values, impacting statutory surplus;

&nbsp;&nbsp;&nbsp;&nbsp;· The development and adequacy of our loss reserves and loss expense reserves;

&nbsp;&nbsp;&nbsp;&nbsp;· Frequency and severity of catastrophic events, including natural events that
climate change may impact, such as hurricanes, severe convective storms, tornadoes, windstorms, earthquakes, hail, severe winter weather,
floods, and fires, and man-made events such as criminal and terrorist acts, including cyber-attacks, explosions, and civil unrest;

&nbsp;&nbsp;&nbsp;&nbsp;· Adverse market, governmental, regulatory, legal, political, or judicial rulings,
conditions or actions, including the impact of social inflation;

&nbsp;&nbsp;&nbsp;&nbsp;· The significant geographic concentration of our business in the eastern portion
of the United States;

&nbsp;&nbsp;&nbsp;&nbsp;· The cost, terms and conditions, and availability of reinsurance;

&nbsp;&nbsp;&nbsp;&nbsp;· Our ability to collect on reinsurance and the solvency of our reinsurers;

&nbsp;&nbsp;&nbsp;&nbsp;· The impact of changes in U.S. trade policies and imposition of tariffs on
imports that may lead to higher than anticipated inflationary trends for our loss and loss expenses;

&nbsp;&nbsp;&nbsp;&nbsp;· Ongoing wars and conflicts impacting global economic, banking, commodity,
and financial markets, exacerbating ongoing economic challenges, including inflation and supply chain disruption, all of which can influence
insurance loss costs, premiums, and investment valuations;

&nbsp;&nbsp;&nbsp;&nbsp;· Uncertainties related to insurance premium rate increases and business retention;

&nbsp;&nbsp;&nbsp;&nbsp;· Changes in insurance regulations that impact our ability to write and/or
cease writing insurance policies in one or more states;

&nbsp;&nbsp;&nbsp;&nbsp;· The effects of data privacy or cyber security laws and regulations on our
operations;

&nbsp;&nbsp;&nbsp;&nbsp;· Major defect or failure in our internal controls or information technology
and application systems that result in marketplace brand damage, increased senior executive focus on crisis and reputational management
issues, and/or increased expenses, particularly if we experience a significant privacy breach;

&nbsp;&nbsp;&nbsp;&nbsp;· Potential tax or federal financial regulatory reform provisions that could
pose certain risks to our operations;

&nbsp;&nbsp;&nbsp;&nbsp;· Our ability to maintain favorable financial ratings, which may include sustainability
considerations, from rating agencies, including AM Best, Standard & Poor's, Moody's, and Fitch;

&nbsp;&nbsp;&nbsp;&nbsp;· Our entry into new markets and businesses; and

&nbsp;&nbsp;&nbsp;&nbsp;· Other risks and uncertainties we identify in filings with the United States
Securities and Exchange Commission, including our Annual Report on Form 10-K and other periodic reports.

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| | | |
|:---|:---|:---|
| **Investor Contact:** <br> Brad B. Wilson<br> 973-948-1283<br> Brad.Wilson@Selective.com | **Media Contact:** <br> Jamie M. Beal<br> 973-948-1234<br> Jamie.Beal@Selective.com | Selective Insurance Group, Inc.<br> 40 Wantage Avenue<br> Branchville, New Jersey 07890<br> www.Selective.com |

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