Selective Insurance Profit Up For Quarter

NU Online News Service, Aug. 6, 9:59 a.m. EDT?Selective Insurance Group Inc., Branchville, N.J., posted a $19.7 million second-quarter profit, a 140 percent increase over the $8.2 million it recorded for the period last year.

The company's overall statutory combined ratio also showed an improvement, down nearly five points to 99.6 percent compared to the year-ago period. Revenue from continuing operations for the past quarter jumped 15 percent over the 2002 second quarter, to $333.1 million, Selective said.

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