EX-11 2 sigi-exh11_63012.htm EXHIBIT 11 SIGI-Exh11_6/30/12


Exhibit 11

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


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


Second Quarter 2011
 
Income
 
Shares
 
Per Share
(in thousands, except per share amounts)
 
(Numerator)
 
(Denominator)
 
Amount
Basic EPS:
 
 
 
 
 
 
Net income available to common shareholders
$
1,467

 
54,049

$
0.03

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
1,086

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income available to common stockholders
$
1,467

 
55,135

$
0.03


Six Months 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


Six Months 2011
 
Income
 
Shares
 
Per Share
(in thousands, except per share amounts)
 
(Numerator)
 
(Denominator)
 
Amount
Basic EPS:
 
 
 
 
 
 
Net income available to common shareholders
$
21,967

 
53,956

$
0.41

 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 

 
1,136

 
 
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Net income available to common stockholders
$
21,967

 
55,092

$
0.40