Attached files
Exhibit 11
American Safety Insurance Holdings, Ltd. and subsidiaries
Computation of Earnings Per Share
(Dollars in thousands except per-share data)
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Three Months Ended
March 31,
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2010
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2009
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Basic:
Earnings (loss) available to common shareholders
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$ | 6,507 | $ | 5,545 | ||||
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Weighted average common shares outstanding
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10,331,810 | 10,286,089 | ||||||
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Basic earnings per common share
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$ | 0.63 | $ | 0.54 | ||||
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Diluted:
Earnings (loss) available to common Shareholders
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$ | 6,507 | $ | 5,545 | ||||
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Weighted average common shares
Outstanding
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10,331,810 | 10,286,089 | ||||||
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Weighted average common shares
equivalents associated with options and restricted stock
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312,697 | 188,879 | ||||||
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Total weighted average common shares for diluted purposes
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10,644,507 | 10,474,968 | ||||||
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Diluted earnings per common Share
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$ | 0.61 | $ | 0.53 | ||||