EX-11 2 sigi-ex11_9302017xq3.htm EXHIBIT 11
Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

Third 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 |  | $ | 46,718 |  |  | 58,527 |  |  | $ | 0.80 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 796 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 46,718 |  |  | 59,323 |  |  | $ | 0.79 |
Third Quarter 2016 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic 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 |
Nine Months 2017 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 138,584 |  |  | 58,418 |  |  | $ | 2.37 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 814 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 138,584 |  |  | 59,232 |  |  | $ | 2.34 |
Nine Months 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 |