Selective Insurance: Q3 Earnings Snapshot

BRANCHVILLE, N.J. (AP) — BRANCHVILLE, N.J. (AP) — Selective Insurance Group Inc. (SIGI) on Thursday reported third-quarter profit of $128.7 million.

The Branchville, New Jersey-based company said it had profit of $2.11 per share. Earnings, adjusted for non-recurring costs, were $2.37 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.

The insurance holding company posted revenue of $1.33 billion in the period. Its adjusted revenue was $1.35 billion, matching Street forecasts.

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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