1667438120 Opengraph Default

Selective Insurance: Q3 Earnings Snapshot

BRANCHVILLE, N.J. (AP) _ Selective Insurance Group Inc . ( SIGI ) reported third-quarter net income of $42.5 million on Wednesday.

The Branchville, New Jersey-based company said it had a profit of 66 cents per share. Earnings, adjusted for one-time gains and costs, were 99 cents per share.

The results fell short of Wall Street’s expectations. The average estimate of three analysts polled by Zacks Investment Research was for earnings of $1.16 per share.

The insurance holding company posted revenue of $895 million in the period. Its adjusted revenue was $920.7 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks Stock Report on SIGI at https://www.zacks.com/ap/SIGI

Related Posts