Factors thatll bring about Selectives new york city hotels factual results to

Operating revenue hotel nyc 32,563 20,936

Selective Assurance Team Reports Record 4th Quarter and Year-end 2004 Incomes

Net gain up 84% for the quarter; 94% for the yr All in all income up 16% to $ billion for the yr.
Selective Assurance Team, Inc. , this era declared its monetary results for the 4th quarter and yr finished December. 31, 2004. hotel in nyc
Gregory E. Murphy, Selective Assurance Team Chairman, President and Chief executive officer, stated: "2004 was a massive yr for Selective. We accomplished the tallest incomes in firm history., more than five points better than 2003. We transcend our all in all maturity and profitability objectives,. Throughout the board -- Selective's individuals and invention delivered a simple yet effective merger of value-added goods and services to agents and consumers, which favorably position us within the marketplace."
4th quarter 2004 highlights, likened with 4th quarter 2003:

*,,,
, after-tax, on the sale of an equity safety within the firm’s investment profile., after-tax,,, after-tax,, for 4th quarter 2003.
Murphy mentioned: "Selective's strong 4th quarter was driven by the favourable performance of our core commercial queues operation that depicts 84% of top rate loudness. Likened with 4th quarter 2003,; premiums grew 7%; and renewal price quickens, adding up exposure,. Costing kept on to outpace deficits styles in the course of the quarter, and we believe the large grocery stores position of our commercial queues enterprise remnants favourable, regardless an increasingly contested marketplace. The business's varied corporation's also delivered a rigid quarter,, likened with 4th quarter 2003. As well as that, money supplied by operations was up 36% for the quarter,."
2004 highlights, likened with 2003:

*,,, after-tax,
hotels in new york city ,,
At December. 31, 2004,,. Stockholders' equity at December. 31,. 31, 2003. For a similar period, book value for each share grown 15%,., 2005, to stockholders of record on Feb .. 15, 2005. Further more, the Board has chose to early-adopt the expensing of stock selections initiating with the initial quarter of 2005.
The supplemental investor packet, adding up monetary info that isn't thing in this news release,. The webcast of Selective's quarterly analyst conference call are going to be simulcast at 8:30am EST, on Feb .. 2, 2005,. The webcast would be completely ready for rebroadcast till the close of commercial on Parade 2, 2005.
Selective Assurance Team, Inc., headquartered in Branchville, New Jersey, is known as a holding firm for 6 property and injury assurance organizations that give cardinal and substitution large grocery stores assurance for commercial and private hazards.. Best. Through other subsidiaries, the firm provides medicinal claim leadership services; hr gains and supervision services; jeopardy leadership goods and services; and flood insurance cover, supervision and claim services. .
Within this news release, Selective and its leadership talk about and make statements based on now available info with regard to their purposes, religions, existing anticipations, and projections with regard to Selective's upcoming operations and performance. Such statements are "onward- looking" statements as outlined within the Personal Securities Lawsuit Reform Act of 1995, that offers a secure harbor beneath the Securities Act of 1933 and the Securities Transfer Act of 1934 for forward-looking statements. These onward- looking statements are usually recognized by words namely "might," "are going to," "can," "would," "have to," "expect," "plan," "think through," "aim," "project," "intend," "believe," "forcast," "foretell," "certainly likely," "master forma," "try to find," "probable," or "continue," or other comparable vocabulary and their cons. Selective and its leadership assume nil liability to upgrade these forward-looking statements as a result of alters in underpinning factors, new info, upcoming developments or another way.
Selective and its leadership caution shareholders which such forward-looking statements aren't guarantees of upcoming performance. Hazards and questions are inherent in Selective's upcoming performance. Factors that'll bring about Selective's factual results to vary materially from those showed by such forward-looking statements are listed and spoken about in Selective's in season reports filed with the U . s Securities and Transfer Commission ("Securities and exchange commission's"). Selective's Securities and exchange commission's filings may just be accessed through the Shareholders and Corporate Governance parts of the business's web site,,. 0000230557).
(1) Operating revenue differs from net gain by the exclusion of noticed
benefits or losses on investment sales. It is certainly used like an vital
monetary evaluate by leadership, analysts and shareholders, since the
identification of investment benefits and losses in any given period is
hotels in new york broadly discretionary as to timing and can distort the research of
styles; but still, it isn't intended as a replacement for net gain
planned in common with accounting principles normally approved
in the states of The u . s (GAAP). A reconciliation of operating
revenue to net gain is supplied within the attached GAAP Highlights and
Reconciliation to Comparable GAAP Evaluates. Statutory informations is
planned in common with statutory accounting policies as outlined by
the Countrywide Association of Assurance Commissioners Accounting
Practices and Proceedings Guide and, therefore,, ain't reconciled to
GAAP.



GAAP Highlights and Reconciliation of Non-GAAP Evaluates to Comparable
GAAP Evaluates

(in 1000s, except for each share informations)
Three months finished Dec 31: 2004 2003
Web premiums documented $ 284,185 271,380
Web premiums received 340,024 300,203
Web investment revenue 33,272 30,645
Varied assurance services income 26,122 22,568
Over all gross income 418,092 359,202


Finances receive, after-tax 11,346 2,905

Net gain $ 43,909 23,841

,491 31,869
.
hotel in new york city
**As a result of new accounting steerage issued in 2004, hotel nyc the amount of diluted
shares awe-inspiring for 2003 has been restated to encompass approximately
.

(in 1000s, except for each share informations)
One year finished Dec 31: 2004 2003
Web premiums documented $ 1,365,148 1,219,159
Web premiums received 1,318,390 1,133,070
Web investment revenue 120,540 114,748
Varied assurance services income 104,396 91,840
Over all gross income 1,571,536 1,356,116

Operating revenue 112,658 57,997
Finances receive, after-tax 15,981 8,347
Net gain hotel nyc $ 128,639 66,344

,378 31,603
.

**As a result of new accounting steerage issued in 2004, the amount of diluted
shares awe-inspiring for 2003 has been restated to encompass approximately
.

, , ; Shareholders - Dale Thatcher, , , both for Selective Assurance Team, Inc.