Selective Insurance Group, Inc. (NASDAQ: SIGI) today announced the sale of $300 million aggregate principal amount of its 5.375% Senior Notes due 2049. The settlement date for the offering is expected to be on or about March 1, 2019, subject to the satisfaction of customary closing conditions.

Selective intends to use the net proceeds from the offering to redeem all $185 million aggregate principal amount of its 5.875% Senior Notes due 2043 at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest thereon to, but excluding, the date of redemption. Any remaining net proceeds will be used for general corporate purposes.

RBC Capital Markets, LLC, Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers for the offering.

About Selective Insurance Group, Inc. Selective Insurance Group, Inc. is a holding company for ten property and casualty insurance companies rated "A" (Excellent) by A.M. Best. Through independent agents, the insurance companies offer standard and specialty insurance for commercial and personal risks, and flood insurance underwritten by the National Flood Insurance Program.