EX-11 2 sigi-ex11_3312016xq1.htm EXHIBIT 11

Exhibit

Exhibit 11

SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF EARNINGS PER SHARE

First Quarter 2016		Income (Numerator)				Shares (Denominator)			Per Share Amount
(in thousands, except per share amounts)
Basic Earnings Per Share ("EPS"):
Net income available to common stockholders		$	37,032			57,675			$	0.64
Effect of dilutive securities:
Stock compensation plans		—				832
Diluted EPS:
Net income available to common stockholders		$	37,032			58,507			$	0.63

First Quarter 2015		Income (Numerator)				Shares (Denominator)			Per Share Amount
(in thousands, except per share amounts)
Basic EPS:
Net income available to common stockholders		$	39,708			56,801			$	0.70
Effect of dilutive securities:
Stock compensation plans		—				919
Diluted EPS:
Net income available to common stockholders		$	39,708			57,720			$	0.69