Selective Insurance Group ( (SIGI) ) has issued an update.
Selective Insurance Group reported a strong third quarter for 2024 with net income of $1.47 per share and a 12.6% return on common equity, despite facing increased catastrophe losses from multiple storms including Hurricane Helene. The company’s strategic pricing and underwriting efforts led to a 9% rise in net premiums written and a 16% boost in after-tax net investment income. Despite the challenges, Selective Insurance remains committed to maintaining its target combined ratio and expanding its market reach.
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