PreferredStockChannel
Selective Insurance Group Inc | 4.60% Dep Shares Non-Cumul Prfd Stock Ser B (SIGIP)

Prospectus excerpt:  Each of the 8,000,000 depositary shares offered hereby (the “depositary shares”) represents a 1/1,000th interest in a share of 4.60% Non-Cumulative Preferred Stock, Series B, $25,000 liquidation preference per share (equivalent to $25.00 per depositary share) (the “Series B preferred stock”) of Selective Insurance Group, Inc., deposited with Equiniti Trust Company as depositary (the “Depositary”). The depositary shares are evidenced by depositary receipts. As a holder of depositary shares, you are entitled to a proportional fractional interest in all rights and preferences of the Series B preferred stock (including dividend, voting, redemption and liquidation rights). You must exercise these rights through the Depositary.

Full Prospectus PDF », Secondary Prospectus PDF », SIGI Page »

Series:B
Redeemable?:Yes
Call Date:12/15/2025
Perpetual?:Yes
Cumulative?:No
Shares Offered:8,000,000
Liquidation Preference:$25.00
Recent Market Price:$19.01
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-5.99 (-23.96%)
Annualized Dividend:1.15
Recent Ex-Date:2/28/2024
Current Yield:6.05%
Original Coupon:4.60%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
CDx3 Compliance Rating: Learn SIGIP's Rating
Selective Insurance Group is a holding company. Through its subsidiaries, Co. provides standard commercial, standard personal, and excess and surplus (E&S) lines property and casualty insurance products. Co.'s segments include: Standard Commercial Lines, which is comprised of property and casualty insurance products and services provided to commercial enterprises; Standard Personal Lines, which is comprised of property and casualty insurance products and services provided to individuals in the standard marketplace; and E&S Lines, which is comprised of property and casualty insurance products and services provided to customers who are unable to obtain coverage in the standard marketplace.

Preferred: SIGIP


Open the SIGI Information Page »
Name: 
Selective Insurance Group Inc
Website: 
www.selective.com
Sector: 
Insurance Brokers
Number of ETFs Holding SIGI: 
61 (see which ones)
Total Market Value Held by ETFs: 
$1,251,895,475.52
Total Market Capitalization: 
$6,287,000,000
% of Market Cap. Held by ETFs: 
19.91%

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