EX-11 3 sigi-ex11_6302015xq2.htm EXHIBIT 11
Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

Second Quarter 2015 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic Earnings Per Share ("EPS"): |  |  |  |  |  |
Net income available to common stockholders |  | $ | 33,768 |  |  | 56,988 |  |  | $ | 0.59 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 817 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 33,768 |  |  | 57,805 |  |  | $ | 0.58 |

Second Quarter 2014 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
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 |

Six Months Ended June 30, 2015 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 73,476 |  |  | 56,895 |  |  | $ | 1.29 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 866 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 73,476 |  |  | 57,761 |  |  | $ | 1.27 |

Six Months Ended June 30, 2014 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
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 |