EX-11.0 12 sigi-ex11_3312014xq1.htm EXHIBIT SIGI-Ex11_3/31/2014-Q1


Exhibit 11

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


First Quarter 2014
 
Income
 
Shares
 
Per Share
(in thousands, except per share amounts)
 
(Numerator)
 
(Denominator)
 
Amount
Basic EPS:
 
 
 
 
 
 
Net income available to common shareholders
 
$
17,974

 
56,091

 
$
0.32

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
1,081

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
17,974

 
57,172

 
$
0.31


First Quarter 2013
 
Income
 
Shares
 
Per Share
(in thousands, except per share amounts)
 
(Numerator)
 
(Denominator)
 
Amount
Basic EPS:
 
 
 
 
 
 
Net income from continuing operations
 
$
22,305

 
55,370

 
0.40

Net loss from discontinued operations
 
$
(997
)
 
55,370

 
(0.02
)
Net income available to common shareholders
 
$
21,308

 
55,370

 
0.38

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
1,085

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income from continuing operations
 
$
22,305

 
56,455

 
0.40

Net loss from discontinued operations
 
$
(997
)
 
56,455

 
(0.02
)
Net income available to common stockholders
 
$
21,308

 
56,455

 
$
0.38