EX-11 2 sigi-ex11_9302015xq3.htm EXHIBIT 11

Exhibit

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