Selective Q3 underwriting income halves to $11mn as margins remain flat
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Selective Q3 underwriting income halves to $11mn as margins remain flat

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Selective Insurance Group halved its underwriting income during the third quarter as a slowdown in favorable development and weaker underlying results outweighed a drop in cat claims.

The carrier’s Q3 underwriting profits decreased to $10.9mn from $21mn a year earlier, as weaker results in commercial lines outweighed underwriting improvements in personal lines and excess and surplus lines (E&S) segments.

However,

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