Selective Insurance's Net Income Falls Due to Casualty Reserves

[Chris]

Selective Insurance Group's net income fell by 24% in Q4 2024, with CEO acknowledging the year missed expectations. Net income dropped to $93.2 million from last year's $122.5 million. The implications of such a decline could hint at underlying issues in underwriting or claims management, which can greatly influence future performance. It's intriguing to consider how this might affect their strategic direction moving forward.

What are your thoughts on how companies can rebound after a year like this? You can view the full details of the article here.

 

[Gulliver]

They need to make more changes like everyone else. Most players made some improvements last year to their bottom line.