About

Selective's official management-team page lists Patrick S. Brennan as Executive Vice President, Chief Financial Officer, a role he assumed in 2024. He spent 18 years at The Progressive Corporation in roles including Treasurer, Commercial Lines Product Manager, and Senior Manager of Investor Relations, and earlier worked in IBM's treasury function.

He holds a bachelor's in Mathematics and an M.B.A. from the University of Notre Dame and completed the Executive Program for Prospective CFOs at the University of Chicago.

Roles

Selective Insurance Group Inc.
Executive Vice President and Chief Financial Officer · Current role
2024–present
The Progressive Corporation
Treasurer
2016 to 2024
The Progressive Corporation
Commercial Lines Product Manager
2010 to 2015
The Progressive Corporation
Senior Manager of Investor Relations
2006 to 2010

Fixed Compensation

FY FY2025
Salary
$658,462
Bonus
$244,000
ComponentSecond installment of 2024 cash make-whole and retention award
All other compensation
$32,346
Total compensation
$2,839,257

Performance Compensation

Data from FY FY2025

Cash incentive

Annual cash incentive (ACIP)
$750,000
FormNon-equity incentive plan (ACIP)
Target Opportunity
Maximum opportunity250% of base salary
Actual payout114% of base salary
Change vs. 2024+50%

Stock awards

Stock awards
$1,154,449
FormPerformance-based restricted stock units and cash incentive units
Grant-date fair valueComputed under FASB ASC Topic 718

Also at Selective Insurance Group Inc.

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