Selective Insurance Posts 4Q Profit

BRANCHVILLE, N.J. (AP) _ Selective Insurance Group Inc. (SIGI) on Thursday reported fourth-quarter earnings of $45.4 million.

The Branchville, New Jersey-based company said it had net income of 78 cents per share. Earnings, adjusted for investment costs, were 81 cents per share.

The insurance holding company posted revenue of $546.2 million in the period.

For the year, the company reported profit of $165.9 million, or $2.85 per share. Revenue was reported as $2.11 billion.

Selective Insurance shares have decreased almost 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.38, an increase of 17 percent in the last 12 months.

This story was generated by Automated Insights (http://ift.tt/1nCTSu9) using data from Zacks Investment Research. Access a Zacks stock report on SIGI at http://ift.tt/1P7BG96

Keywords: Selective Insurance, Earnings Report

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