Selective Insurance Q3 Profit Rises to $126.4 Million Despite 2.5% Revenue Decline

Selective Insurance Group Inc. (SIGI) reported third-quarter earnings of $126.4 million, or $2.11 per share, up from $113.0 million, or $1.85 per share, in the same period last year. Excluding items, the company posted adjusted earnings of $141.7 million, or $2.37 per share. Revenue for the quarter fell 2.5% to $1.326 billion from $1.360 billion a year earlier, reflecting a decline in top-line results even as profitability improved.