Selective Insurance: Q3 Earnings Snapshot
BRANCHVILLE, N.J. (AP) — BRANCHVILLE, N.J. (AP) — Selective Insurance Group Inc. (SIGI) on Wednesday reported third-quarter earnings of $89.2 million.
The Branchville, New Jersey-based company said it had profit of $1.42 per share. Earnings, adjusted for one-time gains and costs, came to $1.51 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The insurance holding company posted revenue of $1.08 billion in the period. Its adjusted revenue was $1.09 billion, exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.07 billion.
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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