Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
Second Quarter 2012 | Income | Shares | Per Share | ||||||
(in thousands, except per share amounts) | (Numerator) | (Denominator) | Amount | ||||||
Basic EPS: | |||||||||
Net income available to common shareholders | $ | 288 | 54,846 | $ | 0.01 | ||||
Effect of dilutive securities: | |||||||||
Stock compensation plans | — | 835 | |||||||
Diluted EPS: | |||||||||
Net income available to common stockholders | $ | 288 | 55,681 | $ | 0.01 |
Second Quarter 2011 | Income | Shares | Per Share | ||||||
(in thousands, except per share amounts) | (Numerator) | (Denominator) | Amount | ||||||
Basic EPS: | |||||||||
Net income available to common shareholders | $ | 1,467 | 54,049 | $ | 0.03 | ||||
Effect of dilutive securities: | |||||||||
Stock compensation plans | — | 1,086 | |||||||
Diluted EPS: | |||||||||
Net income available to common stockholders | $ | 1,467 | 55,135 | $ | 0.03 |
Six Months 2012 | Income | Shares | Per Share | ||||||
(in thousands, except per share amounts) | (Numerator) | (Denominator) | Amount | ||||||
Basic EPS: | |||||||||
Net income available to common shareholders | $ | 18,381 | 54,752 | $ | 0.34 | ||||
Effect of dilutive securities: | |||||||||
Stock compensation plans | — | 890 | |||||||
Diluted EPS: | |||||||||
Net income available to common stockholders | $ | 18,381 | 55,642 | $ | 0.33 |
Six Months 2011 | Income | Shares | Per Share | ||||||
(in thousands, except per share amounts) | (Numerator) | (Denominator) | Amount | ||||||
Basic EPS: | |||||||||
Net income available to common shareholders | $ | 21,967 | 53,956 | $ | 0.41 | ||||
Effect of dilutive securities: | |||||||||
Stock compensation plans | — | 1,136 | |||||||
Diluted EPS: | |||||||||
Net income available to common stockholders | $ | 21,967 | 55,092 | $ | 0.40 |