BRANCHVILLE, N.J. (AP) — BRANCHVILLE, N.J. (AP) — Selective Insurance Group Inc. (SIGI) on Wednesday reported second-quarter earnings of $85.9 million.
On a per-share basis, the Branchville, New Jersey-based company said it had profit of $1.36. Earnings, adjusted for investment gains, were $1.31 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 $1.55 per share.
The insurance holding company posted revenue of $1.33 billion in the period. Its adjusted revenue was $1.32 billion, surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.31 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
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