NU Online News Service, Oct. 29, 2:23 p.m. EDT
Selective Insurance Group Inc. reported third quarter net income rose 45 percent on a combination of improvement in its personal lines business and a benign catastrophe season compared to last year.
The Branchville, N.J.-based insurer reported net income rose $4 million to $13 million for the third quarter translating into a 7-cent increase in earnings per share to 24-cents. Total revenues improved less than 1 percent, or $964,000, to $390 million.
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