EX-11 4 sigi-ex11_6302013xq2.htm EXHIBIT SIGI-Ex11_6/30/2013-Q2


Exhibit 11

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

Second Quarter 2013
 
Income
 
Shares
 
Per Share
(in thousands, except per share amounts)
 
(Numerator)
 
(Denominator)
 
Amount
Basic EPS:
 
 
 
 
 
 
Net income available to common shareholders
 
$
27,122

 
55,609

 
$
0.49

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
1,007

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
27,122

 
56,616


$
0.48


Second Quarter 2012
 
Income
 
Shares
 
Per Share
(in thousands, except per share amounts)
 
(Numerator)
 
(Denominator)
 
Amount
Basic EPS:
 
 
 
 
 
 
Net income available to common shareholders
 
$
288

 
54,846

 
$
0.01


 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
835

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
288

 
55,681

 
$
0.01


Six Months ended June 30, 2013
 
Income
 
Shares
 
Per Share
(in thousands, except per share amounts)
 
(Numerator)
 
(Denominator)
 
Amount
Basic EPS:
 
 
 
 
 
 
Net income available to common shareholders
 
$
49,427

 
55,490


$
0.89

Net loss from discontinued operations
 
(997
)
 
55,490

 
(0.02
)
Net income available to common stockholders
 
$
48,430

 
55,490

 
$
0.87

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
1,040

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income from continuing operations
 
$
49,427

 
56,530

 
$
0.88

Net loss from discontinued operations
 
(997
)
 
56,530

 
(0.02
)
Net income available to common stockholders
 
$
48,430

 
56,530

 
$
0.86



Six Months ended June 30, 2012
 
Income
 
Shares
 
Per Share
(in thousands, except per share amounts)
 
(Numerator)
 
(Denominator)
 
Amount
Basic EPS:
 
 
 
 
 
 
Net income available to common shareholders
 
$
18,381

 
54,752

 
$
0.34

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
890

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
18,381

 
55,642

 
$
0.33