EX-11 2 sigi-ex11_9302014xq3.htm EXHIBIT 11
Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

Third Quarter 2014 |  | Income |  | Shares |  | Per Share
(in thousands, except per share amounts) |  | (Numerator) |  | (Denominator) |  | Amount
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 53,162 |  |  | 56,382 |  |  | $ | 0.94 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 1,024 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 53,162 |  |  | 57,406 |  |  | $ | 0.93 |

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

Nine Months ended September 30, 2014 |  | Income |  | Shares |  | Per Share
(in thousands, except per share amounts) |  | (Numerator) |  | (Denominator) |  | Amount
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 100,477 |  |  | 56,250 |  |  | $ | 1.79 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 1,036 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 100,477 |  |  | 57,286 |  |  | $ | 1.75 |

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 |