BRANCHVILLE, N.J. (AP) — BRANCHVILLE, N.J. (AP) — Selective Insurance Group Inc. (SIGI) on Wednesday reported first-quarter profit of $92.6 million.
On a per-share basis, the Branchville, New Jersey-based company said it had profit of $1.48. Earnings, adjusted for investment gains, were $1.44 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.
The insurance holding company posted revenue of $999.8 million in the period. Its adjusted revenue was $996.4 million, which also missed Street forecasts. Three analysts surveyed by Zacks expected $999.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SIGI">Zacks stock report on SIGI at https://www.zacks.com/ap/SIGI