Selective Insurance reports Q2 EPS 99c, consensus 99c

Reports Q2 revenue $1.04B, consensus $1.03B. “We delivered exceptional growth in the quarter, and I am pleased with our team’s commitment to serving customers through many challenging weather events. Despite these elevated catastrophe losses, we benefited from our consistent, disciplined underwriting and excellent distribution partner relationships. We continue to execute our long-term strategy for profitable growth,” said John J. Marchioni, Chairman, President and Chief Executive Officer. “Our unique operating model, with regionally-based underwriting, claims, and safety management professionals, is a competitive differentiator for Selective, enabling us to navigate successfully through various market environments,” added Marchioni.