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Selective Insurance posts 1Q profit

BRANCHVILLE, N.J. (AP) _ Selective Insurance Group Inc. (SIGI) on Wednesday reported first-quarter earnings of $50.4 million.

On a per-share basis, the Branchville, New Jersey-based company said it had net income of 85 cents. Earnings, adjusted for investment costs, were 86 cents per share.

The insurance holding company posted revenue of $600.5 million in the period. Its adjusted revenue was $601.5 million.

Selective Insurance shares have risen 14 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $48.90, a climb of 42 percent in the last 12 months.


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


Keywords: Selective Insurance, Earnings Report