EX-11 2 sigi-ex11_9302014xq3.htm EXHIBIT 11 SIGI-Ex11_9/30/2014-Q3


Exhibit 11

SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE


Third Quarter 2014
 
Income
 
Shares
 
Per Share
(in thousands, except per share amounts)
 
(Numerator)
 
(Denominator)
 
Amount
Basic EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
53,162

 
56,382

 
$
0.94

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
1,024

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
53,162

 
57,406

 
$
0.93


Third Quarter 2013
 
Income
 
Shares
 
Per Share
(in thousands, except per share amounts)
 
(Numerator)
 
(Denominator)
 
Amount
Basic EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
32,653

 
55,746

 
$
0.59

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
1,154

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
32,653

 
56,900

 
$
0.57


Nine Months ended September 30, 2014
 
Income
 
Shares
 
Per Share
(in thousands, except per share amounts)
 
(Numerator)
 
(Denominator)
 
Amount
Basic EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
100,477

 
56,250

 
$
1.79

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
1,036

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
100,477

 
57,286

 
$
1.75


Nine Months ended September 30, 2013
 
Income
 
Shares
 
Per Share
(in thousands, except per share amounts)
 
(Numerator)
 
(Denominator)
 
Amount
Basic EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
82,080

 
55,577

 
$
1.48

Net loss from discontinued operations
 
(997
)
 
55,577

 
(0.02
)
Net income available to common stockholders
 
$
81,083

 
55,577

 
$
1.46

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
1,142

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income from continuing operations
 
$
82,080

 
56,719

 
$
1.45

Net loss from discontinued operations
 
(997
)
 
56,719

 
(0.02
)
Net income available to common stockholders
 
$
81,083

 
56,719

 
$
1.43