Branchville, N.J.-based insurer Selective Insurance Group said today that fourth quarter 2006 net income rose 6 percent, despite competitive pressures.
In its fourth quarter, year-end wrap-up, the company also announced an increase in its stock dividend and a two-for-one stock split.
"Despite increased competitive pressures, our solid 5 percent growth in net premiums written [for the year] continued to outpace industry growth estimates," said Gregory E. Murphy, chairman, president and chief operating officer for Selective, in a statement.
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