Exhibit 11
American Safety Insurance Holdings, Ltd. and subsidiaries
Computation of Earnings Per Share
|
| Three Months Ended June 30, |
| Six Months Ended June 30, | ||||
|
| 2008 |
| 2007 |
| 2008 |
| 2007 |
Basic: Earnings available to common shareholders |
| $6,789,291 |
| $7,271,776 |
| $12,810,463 |
| $ 14,363,876 |
Weighted average common shares outstanding |
| 10,543,397 |
| 10,605,708 |
| 10,619,552 |
| 10,580,917 |
|
|
|
|
|
|
|
|
|
Basic earnings per common share |
| $ 0.64 |
| $ 0.69 |
| $ 1.21 |
| $ 1.36 |
Diluted: Earnings available to common Shareholders |
| $6,789,291 |
| $ 7,271,776 |
| $12,810,463 |
| $ 14,363,876 |
Weighted average common shares outstanding |
| 10,543,397 |
| 10,605,708 |
| 10,619,552 |
| 10,580,917 |
Weighted average common shares equivalents associated with options and restricted stock |
| 260,049 |
| 368,588 |
| 277,289 |
| 371,821 |
Total weighted average common shares for diluted purposes |
| 10,803,446 |
| 10,974,296 |
| 10,896,841 |
| 10,952,738 |
|
|
|
|
|
|
|
|
|
Diluted earnings per common Share |
| $ 0.63 |
| $ 0.66 |
| $ 1.18 |
| $ 1.31 |
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