Selective Insurance (SIGI) Lags Q2 Earnings Estimates

Selective Insurance (SIGI) came out with quarterly earnings of $1.31 per share, missing the Zacks Consensus Estimate of $1.55 per share. This compares to a loss of $1.1 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -15.48%. A quarter ago, it was expected that this insurance holding company would post earnings of $1.89 per share when it actually produced earnings of $1.76, delivering a surprise of -6.88%.Over the last four qu ...