SELECTIVE INSURANCE GROUP INC — Director's Dealing 2005

Feb 9, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SELECTIVE INSURANCE GROUP INC (SIGI)
CIK: 0000230557
Period of Report: 2005-02-07

Reporting Person: THATCHER DALE A (EVP, CFO & Tres)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-07	Common Stock	M	3000	$18.375	Acquired	40707.163	Direct
2005-02-07	Common Stock	M	4000	$22.375	Acquired	44707.163	Direct
2005-02-07	Common Stock	M	5000	$20.75	Acquired	49707.163	Direct
2005-02-07	Common Stock	M	7000	$23.235	Acquired	56707.163	Direct
2005-02-07	Common Stock	M	5000	$34.79	Acquired	61707.163	Direct
2005-02-07	Common Stock	S	5000	$47.98	Disposed	56707.163	Direct
2005-02-07	Common Stock	S	5000	$47.96	Disposed	51707.163	Direct
2005-02-07	Common Stock	S	8000	$47.93	Disposed	43707.163	Direct
2005-02-07	Common Stock	S	6000	$48.36	Disposed	37707.163	Direct
2005-02-07	Common Stock	F	1482	$48.13	Disposed	36225.163	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-07	Stock Option	$18.375	M	3000	Disposed	2010-05-05	Common Stock (3000)	Direct
2005-02-07	Stock Option	$20.75	M	5000	Disposed	2012-02-05	Common Stock (5000)	Direct
2005-02-07	Stock Option	$22.375	M	4000	Disposed	2011-02-06	Common Stock (4000)	Direct
2005-02-07	Stock Option	$23.235	M	7000	Disposed	2013-02-04	Common Stock (7000)	Direct
2005-02-07	Stock Option	$34.79	M	5000	Disposed	2014-02-03	Common Stock (5000)	Direct

Footnotes

F1: Includes 283.993 shares acquired on February 7, 2005, through the dividend reinvestment feature of restricted stock which was granted under Selective's Stock Option Plan II and vested on February 7, 2005.

The open market sales in Table I were made by the reporting person in connection with the purchase of his primary residence.