EX-11 2 sigi-ex11_6302017xq2.htm EXHIBIT 11
Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

Second Quarter 2017 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic Earnings Per Share ("EPS"): |  |  |  |  |  |
Net income available to common stockholders |  | $ | 41,426 |  |  | 58,441 |  |  | $ | 0.71 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 781 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 41,426 |  |  | 59,222 |  |  | $ | 0.70 |

Second Quarter 2016 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 43,601 |  |  | 57,861 |  |  | $ | 0.75 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 737 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 43,601 |  |  | 58,598 |  |  | $ | 0.74 |

Six Months 2017 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 91,866 |  |  | 58,363 |  |  | $ | 1.57 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 822 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 91,866 |  |  | 59,185 |  |  | $ | 1.55 |

Six Months 2016 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 80,633 |  |  | 57,768 |  |  | $ | 1.40 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 784 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 80,633 |  |  | 58,552 |  |  | $ | 1.38 |