Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
Third Quarter 2019 | Income (Numerator) | Shares (Denominator) | Per Share Amount | ||||||||
(in thousands, except per share amounts) | |||||||||||
Basic Earnings Per Share ("EPS"): | |||||||||||
Net income available to common stockholders | $ | 56,150 | 59,494 | $ | 0.94 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 563 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 56,150 | 60,057 | $ | 0.93 | ||||||
Third Quarter 2018 | Income (Numerator) | Shares (Denominator) | Per Share Amount | ||||||||
(in thousands, except per share amounts) | |||||||||||
Basic 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 | ||||||
Nine Months 2019 | Income (Numerator) | Shares (Denominator) | Per Share Amount | ||||||||
(in thousands, except per share amounts) | |||||||||||
Basic EPS: | |||||||||||
Net income available to common stockholders | $ | 189,764 | 59,386 | $ | 3.20 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 574 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 189,764 | 59,960 | $ | 3.16 | ||||||
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 |