EX-11 8 sigi-ex11_3312013xq1.htm EXHIBIT

SIGI-Ex11_3/31/2013-Q1

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