Selective Insurance Posts 3Q Profit

BRANCHVILLE, N.J. (AP) _ Selective Insurance Group Inc. (SIGI) on Wednesday reported third-quarter profit of $46.7 million.

The Branchville, New Jersey-based company said it had net income of 79 cents per share. Earnings, adjusted for non-recurring gains, came to 72 cents per share.

The insurance holding company posted revenue of $621.3 million in the period. Its adjusted revenue was $612.5 million.

Selective Insurance shares have climbed 29 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $55.45, a climb of 39 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIGI at https://www.zacks.com/ap/SIGI