EX-11 8 sigi-ex11_3312013xq1.htm EXHIBIT
Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

First Quarter 2013 |  | Income |  | Shares |  | Per Share
(in thousands, except per share amounts) |  | (Numerator) |  | (Denominator) |  | Amount
Basic EPS: |  |  |  |  |  |
Net income from continuing operations |  | $ | 22,305 |  |  | 55,370 |  |  | 0.40 |
Net loss from discontinued operations |  | (997 | ) |  | 55,370 |  |  | (0.02 | )
Net income available to common shareholders |  | $ | 21,308 |  |  | 55,370 |  |  | $ | 0.38 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 1,084 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income from continuing operations |  | $ | 22,305 |  |  | 56,455 |  |  | $ | 0.40 |
Net loss from discontinued operations |  | (997 | ) |  | 56,455 |  |  | (0.02 | )
Net income available to common stockholders |  | $ | 21,308 |  |  | 56,455 |  |  | $ | 0.38 |

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 |