Selective Insurance Group Q3 Profit Rises - Quick Facts

(RTTNews) - Selective Insurance Group Inc. (SIGI) Wednesday reported third-quarter profit of $32.7 million or $0.57 per share, up from $18.3 million or $0.33 per share in the same period last year.

Operating income was $23.9 million or $0.42 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.43 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $486.8 million from $436.9 million last year. Analysts expected revenues of $477.58 million.

Net premiums written increased to $492.7 million from $450.5 million last year. Net investment income totaled $24.5 million, up from $23.5 million last year.

Combined ratio was 97.7 percent, compared to 99.8 percent last year.