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The deal comes amid regulatory probes into the workers’ compensation insurance unit.
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Three will be a “significant asset” of Berkshire Hathaway in 10 to 20 years.
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Selective achieved renewal pure price increases that, on average, were in line with expected loss trends.
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The company posted $0.91 EPS in Q1 2019, beating consensus estimates. -
Company said loss trends continue to have a “major impact” on operating results.
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The Alabama-based insurer missed EPS consensus by 77 percent in Q1 2019 with a combined ratio of 106.3 percent.
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The workers’ comp specialist increases earnings and levels the top-line despite the workers’ comp pricing headwind.
