EX-11 2 sigi-ex11_9302015xq3.htm EXHIBIT 11
Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

Third 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 |  | $ | 46,996 |  |  | 57,292 |  |  | $ | 0.82 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 692 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 46,996 |  |  | 57,984 |  |  | $ | 0.81 |

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

Nine Months ended September 30, 2015 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 120,472 |  |  | 57,147 |  |  | $ | 2.11 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 691 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 120,472 |  |  | 57,838 |  |  | $ | 2.08 |

Nine Months ended September 30, 2014 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
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 |