'
ProgramBusiness
 
  


  1. News Articles
  2. Related News Articles
  3. Comments
News Article Details

Selective Insurance Group Q2 Profit Soars


Posted on 02 Aug 2013 by Neilson

Facebook LinkedIn Twitter Google

Selective profitsSelective Insurance Group Inc. this week said second-quarter profit surged to $27.1 million or $0.48 per share from $0.3 million or $0.01 per share in the comparable quarter last year.

Operating income for the quarter was $23.8 million or $0.42 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.33 per share or the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $468.9 million, up from $428.9 million last year. Analysts expected revenues of $456.82 million.

Net-premiums written increased to $462.2 million from $425.6 million last year. Combined ratio for the quarter was 98.9 percent, compared to 106.9 percent last year.


Comments

Post a Comment
If you are a Storefront / Tradingfloor user, click here to login.
Note: As a guest user, please fill out the form below to post a comment.
Post your comments here.
Name :
Email Address :
Captcha :
Comments :
Character left : 2000