Selective Insurance posts 4Q profit

BRANCHVILLE, N.J. (AP) _ Selective Insurance Group Inc. (SIGI) on Thursday reported fourth-quarter net income of $30.2 million.

On a per-share basis, the Branchville, New Jersey-based company said it had profit of 51 cents. Earnings, adjusted for pretax expenses and investment costs, were 86 cents per share.

The insurance holding company posted revenue of $633.7 million in the period. Its adjusted revenue was $596.5 million.

For the year, the company reported profit of $168.8 million, or $2.84 per share. Revenue was reported as $2.45 billion.

Selective Insurance shares have dropped nearly 1 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $58.25, an increase of 40 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