Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
Second Quarter 2015 | Income (Numerator) | Shares (Denominator) | Per Share Amount | ||||||||
(in thousands, except per share amounts) | |||||||||||
Basic Earnings Per Share ("EPS"): | |||||||||||
Net income available to common stockholders | $ | 33,768 | 56,988 | $ | 0.59 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 817 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 33,768 | 57,805 | $ | 0.58 |
Second Quarter 2014 | Income (Numerator) | Shares (Denominator) | Per Share Amount | ||||||||
(in thousands, except per share amounts) | |||||||||||
Basic EPS: | |||||||||||
Net income available to common stockholders | $ | 29,341 | 56,272 | $ | 0.52 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 988 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 29,341 | 57,260 | $ | 0.51 |
Six Months Ended June 30, 2015 | Income (Numerator) | Shares (Denominator) | Per Share Amount | ||||||||
(in thousands, except per share amounts) | |||||||||||
Basic EPS: | |||||||||||
Net income available to common stockholders | $ | 73,476 | 56,895 | $ | 1.29 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 866 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 73,476 | 57,761 | $ | 1.27 |
Six Months Ended June 30, 2014 | Income (Numerator) | Shares (Denominator) | Per Share Amount | ||||||||
(in thousands, except per share amounts) | |||||||||||
Basic EPS: | |||||||||||
Net income available to common stockholders | $ | 47,315 | 56,182 | $ | 0.84 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 1,033 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 47,315 | 57,215 | $ | 0.83 |