Selective Q1 operating profits boosted by $35mn reserve release and 24% rise in investment income
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Selective Q1 operating profits boosted by $35mn reserve release and 24% rise in investment income

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Selective’s operating profits more than doubled year on year to $102.8mn for the first quarter of 2021, as the carrier benefitted from a $30mn prior-year reserve release and a 24% rise in investment income during the period.

The carrier also reported high single-digit rate rises at renewals across multiple lines of business, and said it had remained focused on disciplined and profitable underwriting over the quarter.

Gross

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