EX-11 2 sigi-ex119302019xq3.htm EXHIBIT 11
Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

Third Quarter 2019 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic Earnings Per Share ("EPS"): |  |  |  |  |  |
Net income available to common stockholders |  | $ | 56,150 |  |  | 59,494 |  |  | $ | 0.94 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 563 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 56,150 |  |  | 60,057 |  |  | $ | 0.93 |
Third Quarter 2018 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 55,435 |  |  | 59,011 |  |  | $ | 0.94 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 700 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 55,435 |  |  | 59,711 |  |  | $ | 0.93 |
Nine Months 2019 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 189,764 |  |  | 59,386 |  |  | $ | 3.20 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 574 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 189,764 |  |  | 59,960 |  |  | $ | 3.16 |
Nine Months 2018 |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
(in thousands, except per share amounts) |  |  |
Basic EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 133,179 |  |  | 58,915 |  |  | $ | 2.26 |
Effect of dilutive securities: |  |  |  |  |  |
Stock compensation plans |  | — |  |  | 711 |  |  |
Diluted EPS: |  |  |  |  |  |
Net income available to common stockholders |  | $ | 133,179 |  |  | 59,626 |  |  | $ | 2.23 |