Exhibit 11
American Safety Insurance Holdings, Ltd. and subsidiaries
Computation of Earnings Per Share
|
| Three Months Ended September 30, |
| Nine Months Ended September 30, | ||||
|
| 2008 |
| 2007 |
| 2008 |
| 2007 |
Basic: (Loss) earnings available to common shareholders |
| $(4,294,598) |
| $ 7,046,141 |
| $8,515,865 |
| $ 21,410,017 |
Weighted average common shares outstanding |
| 10,326,661 |
| 10,709,996 |
| 10,521,209 |
| 10,624,416 |
|
|
|
|
|
|
|
|
|
Basic (loss) earnings per common share |
| $(0.42) |
| $0.66 |
| $0.81 |
| $2.02 |
Diluted: (Loss) earnings available to common Shareholders |
| $(4,294,598) |
| $7,046,141 |
| $8,515,865 |
| $21,410,017 |
Weighted average common shares Outstanding |
| 10,326,661 |
| 10,709,996 |
| 10,521,209 |
| 10,624,416 |
Weighted average common shares equivalents associated with options and restricted stock |
| - |
| 334,344 |
| 261,532 |
| 314,191 |
Total weighted average common shares for diluted purposes |
| 10,326,661 |
| 11,044,340 |
| 10,782,741 |
| 10,938,607 |
|
|
|
|
|
|
|
|
|
Diluted (loss) earnings per common share |
| $(0.42) |
| $0.64 |
| $0.79 |
| $1.95 |
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