National News
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Selective Insurance Posts Profit Despite Storm Claims, Investment Decline
National News • October 31, 2008
New Jersey-based Selective Insurance Group, Inc. today reported its financial results for the third quarter ended Sept. 30, 2008 that included a profit despite storm claims and a drop in ...
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| Subject | Posted By | Posted On |
|---|---|---|
| Magic Results | reaper | Nov 2, 2008, 1:28 pm |
| RE: Wow! | i agree | Nov 1, 2008, 7:14 am |
| Wow! | Amused | Oct 31, 2008, 12:48 pm |
| Back to article | ||
Subject: Wow!
Net income from $37.1M to $9.0 M
Net Realizes losses from $1.8M to $14.7M
Operating income from $35.3M to $23.7M
Comb Ratio from 98.6% to 101.5%
But they are made a profit. Yikes! Maybe they hired the AIG guys to do the books!