Selective Insurance (SIGI) 10-Q 2018 Q3 Quarterly report

Exhibit 11

SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF EARNINGS PER SHARE

Third 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	$	55,435	59,011	$	0.94
Effect of dilutive securities:
Stock compensation plans	—		700
Diluted EPS:
Net income available to common stockholders	$	55,435	59,711	$	0.93
Third Quarter 2017	Income (Numerator)		Shares (Denominator)	Per Share Amount
(in thousands, except per share amounts)
Basic EPS:
Net income available to common stockholders	$	46,718	58,527	$	0.80
Effect of dilutive securities:
Stock compensation plans	—		796
Diluted EPS:
Net income available to common stockholders	$	46,718	59,323	$	0.79
Nine Months 2018	Income (Numerator)		Shares (Denominator)	Per Share Amount
(in thousands, except per share amounts)
Basic EPS:
Net income available to common stockholders	$	133,179	58,915	$	2.26
Effect of dilutive securities:
Stock compensation plans	—		711
Diluted EPS:
Net income available to common stockholders	$	133,179	59,626	$	2.23
Nine Months 2017	Income (Numerator)		Shares (Denominator)	Per Share Amount
(in thousands, except per share amounts)
Basic EPS:
Net income available to common stockholders	$	138,584	58,418	$	2.37
Effect of dilutive securities:
Stock compensation plans	—		814
Diluted EPS:
Net income available to common stockholders	$	138,584	59,232	$	2.34