Selective Quarterly Income Down 22 Percent
NU Online News Service, May 7, 2:47 p.m. EDT?Selective Insurance Group's first-quarter income dropped by 22 percent to $8 million, or 29 cents per share, driven down by catastrophe losses from East Coast storms this past winter.
In the same period last year, the Branchville, N.J.-based insurer had a net profit of $10.3 million, or 39 cents per share.
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