8-K

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 10, 2008
SELECTIVE INSURANCE GROUP, INC.
(Exact name of registrant as specified in its charter)
New Jersey	001-33067	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)
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))

Section 7 – Regulation FD

Item 7.01.              Regulation FD Disclosure.

Attached as Exhibit 99.1 is supplemental financial information about Selective Insurance Group, Inc. and its insurance subsidiaries (collectively, the “Company”).

The information contained in this report on Form 8-K, including the exhibits 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.

Section 9 – Financial Statements and Exhibits

Item 9.01.              Financial Statements and Exhibits.

(d)       Exhibits

    99.1   Selective Insurance Group, Inc. Investor Presentation, November 2008

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 10, 2008	By:	/s/ Michael H. Lanza
		Michael H. Lanza
		Executive Vice President and General Counsel

EXHIBIT INDEX

Exhibit No.	Description
99.1	Selective Insurance Group, Inc. Investor Presentation, November 2008

EX-99.1

Selective Insurance Group, Inc.

Investor Presentation

November 2008

•Strong market position

–22-state super-regional

–$1.6B NPW

•87% commercial lines

•13% personal lines

•Distribution partner with 940
independent agents

•High-Tech, High-Touch Business Model

•History of financial strength

–“A+” A.M. Best rated for 47 years

•Focus on shareholders

MN

IA

MO

WI

IL

IN

MI

MI

NC

PA

NY

NJ

DE

CT

MA

TN

Selective Profile

Long-Term Shareholder Value Creation

Book Value at 9/30/08 - $18.53

Indicated Annual Dividend - $0.52

High Tech - - HighTouch Business Model

Significant Competitive Advantage

High Tech - - HighTouch Business Model

*Agents with Selective for 5 years or more.

Significant Competitive Advantage

Disciplined Reserving Practices

•Strong actuarial department

–8 fellows, 7 associates

–Responsible for budgeting and planning

•Detailed actuarial reviews quarterly

•Carried reserves at 57th percentile of
range

Percentages are net of tax, reinsurance and reinstatement premium.

RMS data as of 6/30/08; Equity data as of 9/30/08.

CAT cover: $310M in excess of $40M

RMS Model

Strong Natural Catastrophe Program

13% 5-year CAGR in statutory surplus

High Quality Capital

12% ROE generated by investment portfolio

$3.6B Invested Assets
as of September 30, 2008

Conservative Investment Portfolio

18.9%

26.0%

82.8%

Annual Earnings

($ in Millions)

Dividends paid

Share Repurchase

Capital Returned to Shareholders

116.0%

25.2%

YTD 2008 1.8M shares repurchased for $40.5M

Proactive Capital Management

Cycle Management

Environment conducive to a cycle turn

Industry Conditions Challenging

•Combined ratio pressure

–Pricing continues to decline but at lesser pace than past cycles

–Catastrophe losses up significantly from 2007

–Reserve releases continue

•Challenging growth environment

–Expense ratio pressure

•A weakening economy

•Financial markets turmoil

–Other than temporary impairments

–Surplus shrinking

Positioned for long-term out-performance

Responding to Current Industry Conditions

•Expense management

•Underwriting tools through Knowledge Management

•Improving personal lines

•Generating profitable growth opportunities

•Leveraging agency relationships

Managing Expenses through Cycle

•Workforce reduced

–Restructuring announced in January 2008 with $7 million
annualized pre-tax savings

•Commission structure changes effective July 1

–$7 million annualized pre-tax savings

•Re-domestication of two insurance subsidiaries to Indiana

–$2 million annualized pre-tax savings

•Small business growth through One & Done® system

–23% marginal expense ratio

Knowledge Management

•Information and analytics delivered through Knowledge Management

•Pricing precision through predictive modeling

–Commercial lines models:workers compensation, BOP, CPP and
commercial auto

–MATRIX®for personal lines:auto and homeowners

	Operating Return on Equity
% C/L Book	New (%)	Renewal (%)	Total (%)
Worst 5% (1 Diamond)	(18.6)	(43.3)	(38.7)
Best 95%	11.5	16.9	15.6
Total Commercial	10.6	14.5	13.6

The Power of Predictive Modeling

•Commercial lines business performance

Percent of Total Premium Diamond Distribution*

WC, BOP, CPP, CA

Quality of New Business

2 Year, 7 point combined ratio improvement goal achieved

Note: Booked accident year combined ratios

7.8 points

Workers Compensation Success

Multi-Faceted Personal Lines Improvement Plan

Profitable Growth Opportunities

•Entered MA and TN: $8.5 billion commercial lines premium potential

•One & Done® small business opportunities

–400+ classes and growing

–New business up 11% for 2008 YTD

•289new agents appointed since 2005

Leveraging Excellent Agent Relationships

•Field model with front-line decision-making authority

•Superior claims service

•Access to management team

•Competitive products and programs through Strategic
Business Units

•Technology designed in partnership with agents

•Granular pricing capability through predictive modeling