EX-11 2 sigi-exh11_63012.htm EXHIBIT 11
Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

Second Quarter 2012 |  | Income |  | Shares |  | Per Share
(in thousands, except per share amounts) |  | (Numerator) |  | (Denominator) |  | Amount
Basic EPS: |  |  |  |  |  |
Net income available to common shareholders | $ | 288 |  |  | 54,846 |  | $ | 0.01 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 835 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders | $ | 288 |  |  | 55,681 |  | $ | 0.01 |

Second Quarter 2011 |  | Income |  | Shares |  | Per Share
(in thousands, except per share amounts) |  | (Numerator) |  | (Denominator) |  | Amount
Basic EPS: |  |  |  |  |  |
Net income available to common shareholders | $ | 1,467 |  |  | 54,049 |  | $ | 0.03 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 1,086 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders | $ | 1,467 |  |  | 55,135 |  | $ | 0.03 |

Six Months 2012 |  | Income |  | Shares |  | Per Share
(in thousands, except per share amounts) |  | (Numerator) |  | (Denominator) |  | Amount
Basic EPS: |  |  |  |  |  |
Net income available to common shareholders | $ | 18,381 |  |  | 54,752 |  | $ | 0.34 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 890 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders | $ | 18,381 |  |  | 55,642 |  | $ | 0.33 |

Six Months 2011 |  | Income |  | Shares |  | Per Share
(in thousands, except per share amounts) |  | (Numerator) |  | (Denominator) |  | Amount
Basic EPS: |  |  |  |  |  |
Net income available to common shareholders | $ | 21,967 |  |  | 53,956 |  | $ | 0.41 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 1,136 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders | $ | 21,967 |  |  | 55,092 |  | $ | 0.40 |