Selective Insurance Shares Slip 2.26% in Premarket Amid Loews’ Strong Earnings and Industry Concerns
Trenton, N.J. — Selective Insurance Group, Inc. saw its shares drop by 2.26% in early trading today, reflecting a cautious market reaction following the latest earnings results from Loews Corporation. Loews reported a net income of $391 million for the second quarter, a modest increase from $369 million during the same period last year. The earnings report from Loews highlighted a significant factor affecting investor attitudes: a charge related to mass tort reserves from CNA Financial Corporation. This announcement likely contributed to a ripple effect within the insurance sector, influencing market sentiment regarding companies such … Read more