100th year in business
The company also marked its 100th year in business and its 50th year as a publicly traded company during the quarter. Marchionni tied that milestone directly to the underwriting discipline that the quarter’s results reflected: “During the second quarter, we celebrated our 100th year in business and 50th year as a publicly traded company – milestones made possible by the talented employees, high-quality distribution partners, customers and investors who have fueled our success. Having successfully navigated a century of market cycles, we continue to demonstrate our ability to adapt, execute and create long-term value. I remain confident,” Marchionni said. “The steps we are taking to strengthen our portfolio reflect the same disciplined approach that has guided Selective’s success and positions us well to deliver sustainable, profitable growth over the long term.”
