Selective Insurance Reports Drop In Net Income

Branchville, N.J.-based insurer Selective Insurance Group Inc. reported third-quarter net income dropped 2.5 percent, but its chief executive said the company results were strong in the face of a soft

By Mark E. Ruquet | Updated on October 26, 2007

Branchville, N.J.-based insurer Selective Insurance Group Inc. reported third-quarter net income dropped 2.5 percent, but its chief executive said the company results were strong in the face of a softening market.

“Our third-quarter results were solid on all fronts,” despite “continued intense marketplace competition,” said Gregory E. Murphy, chairman, president and chief executive officer.

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