Selective Insurance (SIGI) 10-Q 2018 Q2 Quarterly report

Exhibit 11

SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF EARNINGS PER SHARE

Second Quarter 2018	Income (Numerator)		Shares (Denominator)	Per Share Amount
(in thousands, except per share amounts)
Basic Earnings Per Share ("EPS"):
Net income available to common stockholders	$	58,819	58,926	$	1.00
Effect of dilutive securities:
Stock compensation plans	—		671
Diluted EPS:
Net income available to common stockholders	$	58,819	59,597	$	0.99
Second Quarter 2017	Income (Numerator)		Shares (Denominator)	Per Share Amount
(in thousands, except per share amounts)
Basic EPS:
Net income available to common stockholders	$	41,426	58,441	$	0.71
Effect of dilutive securities:
Stock compensation plans	—		781
Diluted EPS:
Net income available to common stockholders	$	41,426	59,222	$	0.70
Six Months 2018	Income (Numerator)		Shares (Denominator)	Per Share Amount
(in thousands, except per share amounts)
Basic EPS:
Net income available to common stockholders	$	77,744	58,866	$	1.32
Effect of dilutive securities:
Stock compensation plans	—		713
Diluted EPS:
Net income available to common stockholders	$	77,744	59,579	$	1.30
Six Months 2017	Income (Numerator)		Shares (Denominator)	Per Share Amount
(in thousands, except per share amounts)
Basic EPS:
Net income available to common stockholders	$	91,866	58,363	$	1.57
Effect of dilutive securities:
Stock compensation plans	—		822
Diluted EPS:
Net income available to common stockholders	$	91,866	59,185	$	1.55