EX-11 2 sigi-ex116302020xq2.htm EXHIBIT 11 Exhibit


Exhibit 11

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


Second Quarter 2020
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
(in thousands, except per share amounts)
 
 
 
Basic Earnings Per Share ("EPS"):
 
 
 
 
 
 
Net income available to common stockholders
 
$
34,183

 
59,846

 
$
0.57

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
376

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
34,183

 
60,222

 
$
0.57

 
 
 
 
 
 
 
Second Quarter 2019
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
(in thousands, except per share amounts)
 
 
 
Basic EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
72,266

 
59,410

 
$
1.22

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
526

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
72,266

 
59,936

 
$
1.21

 
 
 
 
 
 
 
Six Months 2020
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
(in thousands, except per share amounts)
 
 
 
Basic EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
49,419

 
59,779

 
$
0.83

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
429

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
49,419

 
60,208

 
$
0.82

 
 
 
 
 
 
 
Six Months 2019
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
(in thousands, except per share amounts)
 
 
 
Basic EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
133,614

 
59,332

 
$
2.25

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
574

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income available to common stockholders
 
$
133,614

 
59,906

 
$
2.23