Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
Second Quarter 2020 | Income (Numerator) | Shares (Denominator) | Per Share Amount | ||||||||
(in thousands, except per share amounts) | |||||||||||
Basic Earnings Per Share ("EPS"): | |||||||||||
Net income available to common stockholders | $ | 34,183 | 59,846 | $ | 0.57 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 376 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 34,183 | 60,222 | $ | 0.57 | ||||||
Second Quarter 2019 | Income (Numerator) | Shares (Denominator) | Per Share Amount | ||||||||
(in thousands, except per share amounts) | |||||||||||
Basic EPS: | |||||||||||
Net income available to common stockholders | $ | 72,266 | 59,410 | $ | 1.22 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 526 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 72,266 | 59,936 | $ | 1.21 | ||||||
Six Months 2020 | Income (Numerator) | Shares (Denominator) | Per Share Amount | ||||||||
(in thousands, except per share amounts) | |||||||||||
Basic EPS: | |||||||||||
Net income available to common stockholders | $ | 49,419 | 59,779 | $ | 0.83 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 429 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 49,419 | 60,208 | $ | 0.82 | ||||||
Six Months 2019 | Income (Numerator) | Shares (Denominator) | Per Share Amount | ||||||||
(in thousands, except per share amounts) | |||||||||||
Basic EPS: | |||||||||||
Net income available to common stockholders | $ | 133,614 | 59,332 | $ | 2.25 | ||||||
Effect of dilutive securities: | |||||||||||
Stock compensation plans | — | 574 | |||||||||
Diluted EPS: | |||||||||||
Net income available to common stockholders | $ | 133,614 | 59,906 | $ | 2.23 |