Published: Thu 1 Feb 2024

Selective share price falls on Q4 $55mn GL reserve strengthening

Investors sent Selective Insurance Group’s share price down 7 percent on Thursday morning after the insurer reported Q4 results that met analysts' expectations but included $55mn of general liability reserve strengthening.

Insurance

Selective Insurance Group

Share price

Results

Europe

Published: Thu 1 Feb 2024

Selective takes $85mn pre-tax Helene hit, predicts “immaterial” Milton impact

Selective’s Q3 UW gain narrows by 83% to $4mn as cat losses surge to $149mn

Selective taps Progressive’s Brennan to fill CFO role on permanent basis

Selective and Travelers GL reserve strengthening sends investors into jitters

Selective’s CR jumps to 116.1% on $176mn casualty reserve charge in Q2 earnings miss

New Mountain Fire moratorium protects 200K policyholders as Aon predicts “notable” losses from blaze

Marsh McLennan’s $7.75bn acquisition of McGriff completes

TheGuarantors adds Hudson and Trisura to capacity panel

TV

Selective share price falls on Q4 $55mn GL reserve strengthening

Want to read this article?

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

Ricky Lamey

Business development executive

Related articles:

Selective takes $85mn pre-tax Helene hit, predicts “immaterial” Milton impact

Selective’s Q3 UW gain narrows by 83% to $4mn as cat losses surge to $149mn

Selective taps Progressive’s Brennan to fill CFO role on permanent basis

Selective and Travelers GL reserve strengthening sends investors into jitters

Selective’s CR jumps to 116.1% on $176mn casualty reserve charge in Q2 earnings miss

Read more:

New Mountain Fire moratorium protects 200K policyholders as Aon predicts “notable” losses from blaze

Marsh McLennan’s $7.75bn acquisition of McGriff completes

TheGuarantors adds Hudson and Trisura to capacity panel

Sompo’s Brand: No significant cyber rate rises in Europe despite growing demand

Trump tariffs could knock 5% off global trade growth: Allianz Trade

COP29: A round-up of the first week's discussions