SELECTIVE INSURANCE GROUP INC — Director's Dealing 2004

Mar 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SELECTIVE INSURANCE GROUP INC (SIGI)
CIK: 0000230557
Period of Report: 2004-03-04

Reporting Person: GUTHRIE KERRY A (SVP & Cheif Inv. Off.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-04	Common Stock	M	3000	$18.3125	Acquired	36713.162	Direct
2004-03-04	Common Stock	M	4000	$17.625	Acquired	40713.162	Direct
2004-03-04	Common Stock	S	7000	$39.35	Disposed	33713.162	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-04	Stock Option	$17.625	M	4000	Disposed	2006-10-29	Common Stock (4000)	Direct
2004-03-04	Stock Option	$18.3125	M	3000	Disposed	2005-10-31	Common Stock (3000)	Direct