Exhibit 11
SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
Second 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 | $ | 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 | ||||||
Second Quarter 2018 | Income (Numerator) | Shares (Denominator) | Per Share Amount | ||||||||
(in thousands, except per share amounts) | |||||||||||
Basic 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 | ||||||
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 | ||||||
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 |