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AM Best Assigns Issue Credit Rating to Selective Insurance Group Inc.'s Senior Unsecured Notes

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AM Best has assigned a Long-Term Issue Credit Rating of "bbb+" to
the recently announced $300 million 5.375% senior unsecured notes due
2049 of Selective Insurance Group Inc. (Selective) (Branchville, NJ)
(NASDAQ:SIGI). The outlook assigned to the Credit Rating (rating) is
stable.

Selective intends to use the net proceeds from the offering to redeem
all $185 million aggregate principal amount of its 5.875% senior
unsecured notes due 2043. Any remaining net proceeds will be used for
general corporate purposes.

Following the debt issuance, financial leverage will remain within
guidelines for the assigned ratings. Selective's Long-Term Issuer Credit
Rating of "bbb+" and the ratings of its operating insurance subsidiaries
remain unchanged.

This press release relates to Credit Ratings that have been published
on AM Best's website. For all rating information relating to the release
and pertinent disclosures, including details of the office responsible
for issuing each of the individual ratings referenced in this release,
please see AM Best's
Recent
Rating Activity
web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view
Understanding
Best's Credit Ratings
. For information on the proper media
use of Best's Credit Ratings and AM Best press releases, please view
Guide
for Media - Proper Use of Best's Credit Ratings and AM Best Rating
Action Press Releases
.

AM Best is a global rating agency and information provider with a
unique focus on the insurance industry. Visit
www.ambest.com
for more information
.

Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its
affiliates. ALL RIGHTS RESERVED.

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