EX-11 4 sigi-ex11_6302013xq2.htm EXHIBIT
Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

Second Quarter 2013 |  | Income |  | Shares |  | Per Share
(in thousands, except per share amounts) |  | (Numerator) |  | (Denominator) |  | Amount
Basic EPS: |  |  |  |  |  |
Net income available to common shareholders |  | $ | 27,122 |  |  | 55,609 |  |  | $ | 0.49 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 1,007 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 27,122 |  |  | 56,616 |  | — |  | $ | 0.48 |

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 |

Six Months ended June 30, 2013 |  | Income |  | Shares |  | Per Share
(in thousands, except per share amounts) |  | (Numerator) |  | (Denominator) |  | Amount
Basic EPS: |  |  |  |  |  |
Net income available to common shareholders |  | $ | 49,427 |  |  | 55,490 |  |  | $ | 0.89 |
Net loss from discontinued operations |  | (997 | ) |  | 55,490 |  |  | (0.02 | )
Net income available to common stockholders |  | $ | 48,430 |  |  | 55,490 |  |  | $ | 0.87 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 1,040 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income from continuing operations |  | $ | 49,427 |  |  | 56,530 |  |  | $ | 0.88 |
Net loss from discontinued operations |  | (997 | ) |  | 56,530 |  |  | (0.02 | )
Net income available to common stockholders |  | $ | 48,430 |  |  | 56,530 |  |  | $ | 0.86 |

Six Months ended June 30, 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 |