7-15-09 SIGI up over 6% pushing toward $14 moderate volume..may be a long while until we see the 20's again but at least we may have seen the bottom as $12..I will be doing heavy do dilligence on quarterly results to see if any rays of light on underwriting results are starting to appear. I do remain confident of SIGI's solvency and finacial condition..so at least in my opinion the best I can give SIGI as an investment option is a HOLD..
Thanks for starting the thread, Custom. The DD you suggest on the 2Q results now out should be meaty and perhaps even fun, given the many and diverse positive trends.
A long-time debate on this board was whether Selective had the power to control its own destiny or was just hostage to the cycle and the economy. I think the results are a hearty endorsement for long-term strategy planning and execution against those strategies. They also suggest that investors can control their destiny by knowing their investments and being confident to take advantage of declines. If anyone wants to discuss some of the substance of the earnings report, such as Selective's moves with agents to attract non-contractor customers and the actions on personal lines, suggest away. Always interesting to see whether folks want to talk real stuff.