Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
Third Quarter 2014 | Income | Shares | Per Share | ||||||||
(in thousands, except per share amounts) | (Numerator) | (Denominator) | Amount | ||||||||
Basic EPS: | |||||||||||
Net income available to common stockholders | $ | 53,162 | 56,382 | $ | 0.94 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 1,024 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 53,162 | 57,406 | $ | 0.93 |
Third Quarter 2013 | Income | Shares | Per Share | ||||||||
(in thousands, except per share amounts) | (Numerator) | (Denominator) | Amount | ||||||||
Basic EPS: | |||||||||||
Net income available to common stockholders | $ | 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 |
Nine Months ended September 30, 2014 | Income | Shares | Per Share | ||||||||
(in thousands, except per share amounts) | (Numerator) | (Denominator) | Amount | ||||||||
Basic EPS: | |||||||||||
Net income available to common stockholders | $ | 100,477 | 56,250 | $ | 1.79 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 1,036 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 100,477 | 57,286 | $ | 1.75 |
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 |