Selective Insurance Reports Q4 Earnings Miss
Selective Insurance Group (SIGI) reported a decline in its fourth-quarter profit, falling short of analyst expectations.
Key Metrics:
* Net income: $95.5 million
* Earnings per share: $1.52
* Adjusted earnings per share: $1.62
* Revenue: $1.26 billion
Analysts' Estimates:
* Earnings per share: $1.98 (consensus estimate by five analysts)
* Revenue: $1.28 billion (consensus estimate by five analysts)
The company's results come amidst ongoing challenges in the insurance industry. Despite the earnings miss, SIGI's stock price has remained relatively stable, indicating investor confidence in the company's long-term prospects.