Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
Third Quarter 2013 | Income | Shares | Per Share | ||||||||
(in thousands, except per share amounts) | (Numerator) | (Denominator) | Amount | ||||||||
Basic EPS: | |||||||||||
Net income available to common shareholders | $ | 32,653 | 55,746 | $ | 0.59 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 1,154 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 32,653 | 56,900 | $ | 0.57 |
Third Quarter 2012 | Income | Shares | Per Share | ||||||||
(in thousands, except per share amounts) | (Numerator) | (Denominator) | Amount | ||||||||
Basic EPS: | |||||||||||
Net income available to common shareholders | $ | 18,274 | 54,969 | $ | 0.33 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 893 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 18,274 | 55,862 | $ | 0.33 |
Nine Months ended September 30, 2013 | Income | Shares | Per Share | ||||||||
(in thousands, except per share amounts) | (Numerator) | (Denominator) | Amount | ||||||||
Basic EPS: | |||||||||||
Net income available to common stockholders | $ | 82,080 | 55,577 | $ | 1.48 | ||||||
Net loss from discontinued operations | (997 | ) | 55,577 | (0.02 | ) | ||||||
Net income available to common stockholders | $ | 81,083 | 55,577 | $ | 1.46 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 1,142 | |||||||||
Diluted EPS: | |||||||||||
Net income from continuing operations | $ | 82,080 | 56,719 | $ | 1.45 | ||||||
Net loss from discontinued operations | (997 | ) | 56,719 | (0.02 | ) | ||||||
Net income available to common stockholders | $ | 81,083 | 56,719 | $ | 1.43 |
Nine Months ended September 30, 2012 | Income | Shares | Per Share | ||||||||
(in thousands, except per share amounts) | (Numerator) | (Denominator) | Amount | ||||||||
Basic EPS: | |||||||||||
Net income available to common shareholders | $ | 36,655 | 54,825 | $ | 0.67 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 892 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 36,655 | 55,717 | $ | 0.66 |