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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Selective Insurance Group Inc | NASDAQ:SIGI | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.64 | 0.67% | 96.41 | 94.10 | 98.83 | 97.22 | 95.03 | 96.20 | 645,244 | 23:07:55 |
| | | | | | | | | | | | | |
Title of Each Class of Securities Offered
|
| |
Maximum
Aggregate Offering Price |
| |
Amount of
Registration Fee(1)(2) |
| ||||||
Depositary Shares (each representing a 1/1,000th interest in a share of
4.60% Non-Cumulative Preferred Stock, Series B, of Selective Insurance Group, Inc.) |
| | | $ | 200,000,000 | | | | | $ | 21,820 | | |
4.60% Non-Cumulative Preferred Stock, Series B
|
| | |
|
(3
)
|
| | | |
|
(3
)
|
| |
| | |
Per Depositary
Share |
| |
Total
|
| ||||||
Public offering price(1)
|
| | | $ | 25.00000 | | | | | $ | 200,000,000 | | |
Underwriting discount(2)
|
| | | $ | 0.50755 | | | | | $ | 4,060,432.50 | | |
Proceeds, before expenses, to us
|
| | | $ | 24.49245 | | | | | $ | 195,939,567.50 | | |
| Boenning & Scattergood | | | BMO Capital Markets | | |
Keefe, Bruyette & Woods
A Stifel Company
|
| |
JMP Securities
|
| |
Piper Sandler
|
|
| | | | | S-ii | | | |
| | | | | S-1 | | | |
| | | | | S-7 | | | |
| | | | | S-12 | | | |
| | | | | S-13 | | | |
| | | | | S-14 | | | |
| | | | | S-21 | | | |
| | | | | S-27 | | | |
| | | | | S-31 | | | |
| | | | | S-34 | | | |
| | | | | S-39 | | | |
| | | | | S-39 | | | |
| | | | | S-40 | | | |
|
Prospectus
|
| | | | | | |
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| | | | | 18 | | | |
| | | | | 22 | | | |
| | | | | 22 | | | |
| | | | | 22 | | |
| | |
As of September 30, 2020
|
| |||||||||
| | |
Actual
|
| |
As Adjusted
|
| ||||||
| | |
(in thousands, except per
share and share numbers) |
| |||||||||
Cash
|
| | | $ | 785 | | | | | $ | 195,667(a) | | |
Debt (including current portion) | | | | | | | | | | | | | |
7.25% Senior Notes due 2034
|
| | | | 49,743 | | | | | | 49,743 | | |
6.70% Senior Notes due 2035
|
| | | | 99,166 | | | | | | 99,166 | | |
5.375% Senior Notes due 2049
|
| | | | 291,233 | | | | | | 291,233 | | |
1.61% borrowings from FHLBNY
|
| | | | 25,000 | | | | | | 25,000 | | |
1.56% borrowings from FHLBNY
|
| | | | 25,000 | | | | | | 25,000 | | |
3.03% borrowings from FHLBI
|
| | | | 60,000 | | | | | | 60,000 | | |
0.58% borrowings from FHLBI
|
| | | | 67,000 | | | | | | 67,000 | | |
0.36% borrowings from FHLBNY
|
| | | | 100,000 | | | | | | 100,000 | | |
Finance lease obligations
|
| | | | 424 | | | | | | 424 | | |
Total debt
|
| | | | 717,566 | | | | | | 717,566 | | |
Stockholders’ equity | | | | | | | | | | | | | |
Preferred stock, no par value per share; 5,000,000 shares authorized; no shares
issued or outstanding, actual, and 8,000 shares issued, as adjusted |
| | | | — | | | | | | 200,000 | | |
Common stock, $2.00 par value per share; 360,000,000 shares authorized; 103,961,596 shares issued, actual and as adjusted
|
| | | | 207,923 | | | | | | 207,923 | | |
Additional paid-in capital
|
| | | | 438,874 | | | | | | 433,756 | | |
Retained earnings
|
| | | | 2,159,597 | | | | | | 2,159,597 | | |
Accumulated other comprehensive income
|
| | | | 187,090 | | | | | | 187,090 | | |
Treasury stock at cost (44,126,894 shares)
|
| | | | (599,871) | | | | | | (599,871) | | |
Total stockholders’ equity
|
| | | | 2,393,613 | | | | | | 2,588,495 | | |
Total capitalization
|
| | | $ | 3,111,179 | | | | | $ | 3,306,061 | | |
Underwriters
|
| |
Number of Depositary Shares
|
| |||
Wells Fargo Securities, LLC
|
| | | | 2,000,000 | | |
BofA Securities, Inc.
|
| | | | 2,000,000 | | |
RBC Capital Markets, LLC
|
| | | | 2,000,000 | | |
Credit Suisse Securities (USA) LLC
|
| | | | 600,000 | | |
Goldman Sachs & Co. LLC
|
| | | | 600,000 | | |
Boenning & Scattergood, Inc.
|
| | | | 160,000 | | |
BMO Capital Markets Corp.
|
| | | | 160,000 | | |
Keefe, Bruyette & Woods, Inc.
|
| | | | 160,000 | | |
JMP Securities LLC
|
| | | | 160,000 | | |
Piper Sandler & Co.
|
| | | | 160,000 | | |
Total
|
| | | | 8,000,000 | | |
| | |
Per Depositary
Share(1) |
| |
Total
|
| ||||||
Public offering price
|
| | | $ | 25.00000 | | | | | $ | 200,000,000.00 | | |
Underwriting discount | | | | | | | | | | | | | |
Retail orders
|
| | | $ | 0.78750 | | | | | $ | 165,532.50 | | |
Institutional orders
|
| | | $ | 0.50000 | | | | | $ | 3,894,900.00 | | |
Total
|
| | | $ | 0.50755 | | | | | $ | 4,060,432.50 | | |
Proceeds, before expenses, to us
|
| | | $ | 24.49245 | | | | | $ | 195,939,567.50 | | |
| | |
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1 Year Selective Insurance Chart |
1 Month Selective Insurance Chart |
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