EX-11 3 v310379_ex11.htm EXHIBIT 11

EXHIBIT 11

SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF EARNINGS PER SHARE

First Quarter 2012 |  | Income |  |  | Shares |  |  | Per Share |
(in thousands, except per share amounts) |  | (Numerator) |  |  | (Denominator) |  |  | Amount |
Basic EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 18,093 |  |  |  | 54,659 |  |  | $ | 0.33 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Stock compensation plans |  |  | - |  |  |  | 946 |  |  |  |  |
Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common stockholders |  | $ | 18,093 |  |  |  | 55,605 |  |  | $ | 0.33 |

First Quarter 2011 |  | Income |  |  | Shares |  |  | Per Share |
(in thousands, except per share amounts) |  | (Numerator) |  |  | (Denominator) |  |  | Amount |
Basic EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 20,500 |  |  |  | 53,863 |  |  | $ | 0.38 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Stock compensation plans |  |  | - |  |  |  | 1,191 |  |  |  |  |
Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common stockholders |  | $ | 20,500 |  |  |  | 55,054 |  |  | $ | 0.37 |