EX-11 2 sigi-ex11_6302014xq2.htm EXHIBIT
Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

Second Quarter 2014 |  | Income |  | Shares |  | Per Share
(in thousands, except per share amounts) |  | (Numerator) |  | (Denominator) |  | Amount
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 29,341 |  |  | 56,272 |  |  | $ | 0.52 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 988 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 29,341 |  |  | 57,260 |  |  | $ | 0.51 |

Second Quarter 2013 |  | Income |  | Shares |  | Per Share
(in thousands, except per share amounts) |  | (Numerator) |  | (Denominator) |  | Amount
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 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 |

Six Months ended June 30, 2014 |  | Income |  | Shares |  | Per Share
(in thousands, except per share amounts) |  | (Numerator) |  | (Denominator) |  | Amount
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 47,315 |  |  | 56,182 |  |  | $ | 0.84 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 1,033 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 47,315 |  |  | 57,215 |  |  | $ | 0.83 |

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 stockholders |  | $ | 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 |