EX-11 2 sigi-ex11_9302016xq3.htm EXHIBIT 11
Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

Third 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 |  | $ | 38,502 |  |  | 57,978 |  |  | $ | 0.66 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 753 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 38,502 |  |  | 58,731 |  |  | $ | 0.66 |

Third Quarter 2015 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic 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 |

Nine Months Ended September 30, 2016 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 119,135 |  |  | 57,839 |  |  | $ | 2.06 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 773 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 119,135 |  |  | 58,612 |  |  | $ | 2.03 |

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 |