Selective Insurance Group Inc. (SIGI)

Selective Insurance Group, Inc., together with its subsidiaries, offers property and casualty insurance products, and diversified insurance products and services. The company operates in three segments: Insurance Operations, Investments, and Diversified Insurance Services. The Insurance Operations segment sells property and casualty insurance products and services primarily in 22 states in the Eastern and Midwestern United States. It also underwrites and issues commercial lines of insurance, such as general liability (including excess coverage), commercial automobile, workers compensation, commercial property, business owners policies, and bond risks through traditional insurance and alternative risk management products; and personal lines insurance for personal automobile, homeowners, and excess and dwelling fire coverage. In addition, this division provides reinsurance products and services. The Investments segment invests in fixed maturity investments, equity securities, short-term investments, and other investments primarily in Parsippany, New Jersey. The Diversified Insurance Services segment provides human resource administration outsourcing products and services; and federal flood insurance administrative services. Selective Insurance Group, Inc. was founded in 1925 and is based in Branchville, New Jersey.

For the nine months ended 30 September 2006, Selective Insurance Group's revenues increased 9% to $1.35B. Net income from continuing operations before accounting change increased 15% to $120M. Revenues reflect increased income from net premiums earned, higher net investment income, increased diversified insurance services revenue and higher other income. Net income also reflects higher gross margins and lower dividends to policyholders cost.