BRANCHVILLE, N.J. (AP) — BRANCHVILLE, N.J. (AP) — Selective Insurance Group Inc. (SIGI) on Thursday reported fourth-quarter earnings of $155.2 million.
On a per-share basis, the Branchville, New Jersey-based company said it had net income of $2.52. Earnings, adjusted for investment costs, were $2.57 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.
The insurance holding company posted revenue of $1.36 billion in the period. Its adjusted revenue was $1.37 billion, which met Street forecasts.
For the year, the company reported profit of $466.4 million, or $7.49 per share. Revenue was reported as $5.33 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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