EX-11.0 12 sigi-ex11_3312014xq1.htm EXHIBIT
Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

First Quarter 2014 |  | Income |  | Shares |  | Per Share
(in thousands, except per share amounts) |  | (Numerator) |  | (Denominator) |  | Amount
Basic EPS: |  |  |  |  |  |
Net income available to common shareholders |  | $ | 17,974 |  |  | 56,091 |  |  | $ | 0.32 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 1,081 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 17,974 |  |  | 57,172 |  |  | $ | 0.31 |

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 |  | — |  |  | 1,085 |  |  |
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 |