Selective Insurance Group Q3 Profit Increases; Hikes Dividend

(RTTNews) - Selective Insurance Group, Inc. (SIGI) reported that its third-quarter net income was $53.2 million, or $0.93 per share, up from $32.7 million or $0.57 per share last year.

Operating income was $43.3 million, or $0.76 per share, compared to $23.9 million, or $0.42 per diluted share in the prior year.

Total net premiums written were $495.1 million compared to $492.7 million last year.

Total revenues were $515.36 million up from $486.81 million in the previous year.

Selective's Board of Directors approved an 8% increase in the quarterly cash dividend, to $0.14 from $0.13 per share, which will be payable December 1, 2014 to stockholders of record as of November 14, 2014.