EX-11 3 sigi-ex11_9302013xq3.htm EXHIBIT

SIGI-Ex11_9/30/2013-Q3

Exhibit 11

SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF EARNINGS PER SHARE

Third Quarter 2013		Income				Shares			Per Share
(in thousands, except per share amounts)		(Numerator)				(Denominator)			Amount
Basic EPS:
Net income available to common shareholders		$	32,653			55,746			$	0.59
Effect of dilutive securities:
Stock compensation plans		—				1,154
Diluted EPS:
Net income available to common stockholders		$	32,653			56,900			$	0.57

Third Quarter 2012		Income				Shares			Per Share
(in thousands, except per share amounts)		(Numerator)				(Denominator)			Amount
Basic EPS:
Net income available to common shareholders		$	18,274			54,969			$	0.33
Effect of dilutive securities:
Stock compensation plans		—				893
Diluted EPS:
Net income available to common stockholders		$	18,274			55,862			$	0.33

Nine Months ended September 30, 2013		Income				Shares			Per Share
(in thousands, except per share amounts)		(Numerator)				(Denominator)			Amount
Basic EPS:
Net income available to common stockholders		$	82,080			55,577			$	1.48
Net loss from discontinued operations		(997		)		55,577			(0.02		)
Net income available to common stockholders		$	81,083			55,577			$	1.46
Effect of dilutive securities:
Stock compensation plans		—				1,142
Diluted EPS:
Net income from continuing operations		$	82,080			56,719			$	1.45
Net loss from discontinued operations		(997		)		56,719			(0.02		)
Net income available to common stockholders		$	81,083			56,719			$	1.43

Nine Months ended September 30, 2012		Income				Shares			Per Share
(in thousands, except per share amounts)		(Numerator)				(Denominator)			Amount
Basic EPS:
Net income available to common shareholders		$	36,655			54,825			$	0.67
Effect of dilutive securities:
Stock compensation plans		—				892
Diluted EPS:
Net income available to common stockholders		$	36,655			55,717			$	0.66