Selective Insurance: Q1 Earnings Snapshot

BRANCHVILLE, N.J. (AP) — BRANCHVILLE, N.J. (AP) — Selective Insurance Group Inc. (SIGI) on Wednesday reported first-quarter net income of $82.5 million.

On a per-share basis, the Branchville, New Jersey-based company said it had profit of $1.31. Earnings, adjusted for investment costs, were $1.33 per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.

The insurance holding company posted revenue of $1.17 billion in the period, matching Street forecasts.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SIGI at

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