Selective Insurance Group Announces Preliminary 2nd Quarter 2007 Property/CAT Losses; Updates Annual Earnings Guidance (PR Newswire)
- Posted at 5:30 AM on 7/7/2007 by RoSS
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antonyms: indiscriminate warrant Group, Inc. , today be revealed that earnings per diluted share for the second quarter of 2007 will be reduced by approximately $0.09, mainly due to: large acreage loss activity that was $0.06 higher than expected; catastrophe losses that were $0.02 higher than expected; and a one-time after-tax charge of $0.9 million, or $0.01 per diluted share, for the reorganization of the company's Personal Lines operation that reduced staffing by 31.
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