Selective Insurance Posts Profit Despite Storm Claims, Investment Decline

October 31, 2008

  • October 31, 2008 at 1:48 am
    Amused says:
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    Let me get this straight.

    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!

  • November 1, 2008 at 8:14 am
    i agree says:
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    Gotta make those books look good as they get ready for sale!! The question which carrier is sold first – Selective or Cincinnati? (though from what I’ve heard Cincy could fold before they get sold)

  • November 2, 2008 at 2:28 am
    reaper says:
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    All this brought to you by the people who developed Barry Obama’s tax plan! No one under 250k, oops I mean 200k, no, wait 120k, will see a tax increase! Free mortgages for all!



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