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.
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.
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