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New words:
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aggregated, al, amend, announced, appeal, appealed, argument, ASI, audit, averaging, began, carrier, carry, Circuit, claimed, commission, complaint, conservation, consulting, County, decision, deferring, denied, denying, depreciation, detail, detriment, dismissing, District, diversify, division, eliminated, Exclusive, fit, Florida, FNMA, front, GNMA, goodwill, half, Harbour, Hill, incorporated, initial, intangible, judgment, leave, LLC, loan, LTC, Marina, matter, McGraw, membership, motion, offsetting, opportunity, oral, ordinarily, performed, Ponce, positive, prejudice, produced, Proforma, proportion, propounded, range, rehearing, relevant, repay, repayment, representing, requesting, resident, reversed, salary, seeking, serving, suit, summary, theory, translated, trial, vacating, Village, Volusia, weighted
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Exhibit 11
American Safety Insurance Holdings, Ltd. and subsidiaries
Computation of Earnings Per Share
|
| Three Months Ended March 31, | ||
|
| |||
|
| 2009 |
|
2008 |
Basic: Earnings available to common shareholders |
| $5,545,436 |
| $6,021,172 |
|
|
| ||
Weighted average common shares outstanding |
| 10,286,089 |
| 10,695,706 |
|
|
| ||
Basic earnings per common share |
| $ 0.54 |
| $ 0.56 |
|
|
| ||
Diluted: Earnings available to common Shareholders |
| $5,545,436 |
| $6,021,172 |
|
|
| ||
Weighted average common shares Outstanding |
| 10,286,089 |
| 10,695,706 |
Weighted average common shares equivalents associated with options and restricted stock |
| 188,879 |
| 294,529 |
Total weighted average common shares for diluted purposes |
| 10,474,968 |
| 10,990,235 |
|
|
| ||
Diluted earnings per common Share |
| $ 0.53 |
| $ 0.55 |
|
|
|