-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, C+XAc2yXn7uYhmCtls7cYpL6iGZYJ3d5L5O7TKUp5c73V/Y3AKvkUMLlWGqP80pe VdvTA58Kke2g2NvHrLIbWQ== 0000230557-04-000178.txt : 20041108 0000230557-04-000178.hdr.sgml : 20041108 20041108164340 ACCESSION NUMBER: 0000230557-04-000178 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041108 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041108 DATE AS OF CHANGE: 20041108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SELECTIVE INSURANCE GROUP INC CENTRAL INDEX KEY: 0000230557 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 222168890 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08641 FILM NUMBER: 041126264 BUSINESS ADDRESS: STREET 1: 40 WANTAGE AVENUE CITY: BRANCHVILLE STATE: NJ ZIP: 07890 BUSINESS PHONE: 2019483000 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 8-K 1 form8k110804.htm FORM 8-K UNITED STATES

____________________________________________________________________________________________________

 

 

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):  November 8, 2004

 

 

 

 

 

SELECTIVE INSURANCE GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

_____________________________________________________________________________________________________

New Jersey

0-8641

22-2168890

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

 

 

 

40 Wantage Avenue, Branchville , New Jersey

 

07890

(Address of principal executive offices)

 

(Zip Code)

 

(973) 948-3000

(Registrant's telephone number, including area code)

 

 

 

n/a

(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))

 

 

 

 

 

 

 

 

 

Item 8.01

 

Other Events.

 

On November 8, 2004, Selective Insurance Group, Inc. (the "Company") issued a press release, announcing the Company is proposing to raise $50 million of gross proceeds through an offering of senior notes due 2034, subject to market conditions.  The press release is attached hereto as Exhibit 99.1.

 

 

 

Item 9.01

 

Financial Statements and Exhibits.

 

(c)  Exhibits.

 

99.1         Press Release dated November 8, 2004

 

 

 

 

 

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.

 

 

 

Selective Insurance Group, Inc.

 

Date:  November 8, 2004

 By:

/s/ Michele N. Schumacher                               

 

 

Name:   Michele N. Schumacher

 

 

Title:     Vice President, Corporate Secretary & Corporate Governance Officer

 

 

 

 

 

 EX-99 2 pressrel110804.htm PRESS RELEASE Selective Insurance

SELECTIVE LOGO


Selective Insurance
40 Wantage Avenue
Branchville,New Jersey 07890
www.selective.com

 

For release on Nov. 8, 2004 at 2:00 p.m. (EST)

Media Contact: Sharon Cooper

973-948-1324, sharon.cooper@selective.com

Investor Contact: Dale Thatcher

973-948-1774, dale.thatcher@selective.com

 

Selective Insurance Group Announces

$50 Million Senior Notes Offering

 

Branchville, NJ - Nov. 8, 2004 - Selective Insurance Group, Inc. (NASDAQ:SIGI) today announced it is proposing to raise $50 million of gross proceeds through an offering of senior notes due 2034, subject to market conditions. Selective intends to use the net proceeds for general corporate purposes, including capital contributions to its insurance subsidiaries, repayment of some existing outstanding debt, and share repurchases.

The notes will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 and institutional investors that are accredited investors within the meaning of the Securities Act and outside the United States pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.

This press release is neither an offer to sell nor the solicitation of an offer to buy the notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale is unlawful. Any offers of the notes will be made only by means of a private offering memorandum.

Selective Insurance Group, Inc., headquartered in Branchville, New Jersey, is a holding company for six property and casualty insurance companies that offer primary and alternative market insurance for commercial and personal risks. The insurance companies are rated "A+" (Superior) by A.M. Best. Through other subsidiaries, the company offers medical claim management services; human resources administration services; risk management products and services; and flood insurance policy, administration and claim services.

This press release contains certain statements that are not historical facts and are considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by use of words such as "may, will, could, would, should, expect, plan, anticipate, target, project, intend, believe, estimate, predict, potential, pro forma, seek, likely, or continue," or other comparable terminology. These statements relate to our intentions, beliefs, projections, estimations or forecasts of future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from those expressed or implied by the forward-looking statements.  These statements are only predictions and we can give no assurance that such expectations will prove to be correct. These risks and uncertainties include, but are not limited to:

  • The frequency and severity of catastrophic events, including hurricanes, tornadoes, windstorms, earthquakes, hail, severe winter weather, fires, explosions and terrorism;
  • Adverse economic, market or regulatory conditions;
  • The concentration of our business in a number of east coast and Midwestern states;
  • The adequacy of our loss reserves;
  • The cost and availability of reinsurance;
  • Our ability to collect on reinsurance and the solvency of our reinsurers; 
  • Uncertainties related to insurance premium rate increases and business retention;
  • Changes in insurance regulations that impact our ability to write and/or cease writing insurance policies in one or more states, particularly changes in New Jersey automobile insurance laws and regulations;
  • Our ability to maintain favorable ratings from A.M. Best, Standard & Poor's, Moody's and Fitch;
  • Fluctuations in interest rates and the performance of the financial markets;
  • Our entry into new markets and businesses; and
  • Other risks and uncertainties we identify in filings with the Securities and Exchange Commission, including, but not limited to the Annual Report on Form 10-K; although we do not promise to update such forward-looking statements to reflect actual results or changes in assumptions or other factors that could affect these statements.

Forward-looking statements speak only as of the date on which they are made. We expressly disclaim any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

###

 -----END PRIVACY-ENHANCED MESSAGE-----