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Informa Insurance News 24

SELECTIVE BEATS ON IMPROVED UNDERWRITING AND INVESTMENT RESULTS

US property/casualty insurer Selective Insurance Group saw its fourth-quarter net earnings surge 51% to $45.8m, as improved underwriting and investments. Operating income per share rose to $1.20 from 86¢ and beat analysts’ forecast of 91¢. Gross written premiums climbed 5.3% to $676.6m.

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