EX-11 2 sigi-ex119302019xq3.htm EXHIBIT 11 Exhibit


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