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Investor Presentaiton

Strong Capital and Liquidity Position, Greater Expense Focus Capital and Liquidity Plan • Debt-to-capital ratio of 15.9% NPW-to-surplus ratio of ~1.46x is in the • . middle of our target range of 1.35x - 1.55x Parent company cash and investments totaling $497M is in excess of our target of 2x annual recurring outflow Instituted opportunistic $100M share repurchase authorization in 2020; $84.2M remained as of 3/31/23 • Investing in the business currently provides the most attractive capital deployment opportunities SELECTIVE INSURANCE® • Expense Management Expecting expense ratio pressure in 2023 due to higher reinsurance costs; targeting improvement over the next few years Areas for operational enhancements include: - Workflow and process improvements Robotics and artificial intelligence Talent development Product innovation Note: Financial statistics are as of March 31, 2023 27
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