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EXHIBIT 11
AMERICAN SAFETY INSURANCE HOLDINGS, LTD.
COMPUTATION OF EARNINGS PER SHARE
(dollars in thousands except per share data)
For the Years Ended December 31, | ||||||||||||
2009 | 2008 | 2007 | ||||||||||
Basic: | ||||||||||||
Earnings available to common Shareholders | $ | 24,325 | $ | 310 | $ | 28,192 | ||||||
Weighted average common shares outstanding | 10,307,592 | 10,459,161 | 10,648,408 | |||||||||
Basic earnings per common share | $ | 2.36 | $ | 0.03 | $ | 2.65 | ||||||
Diluted: | ||||||||||||
Earnings available to common Shareholders | $ | 24,325 | $ | 310 | $ | 28,192 | ||||||
Weighted average common shares outstanding | 10,307,592 | 10,459,161 | 10,648,408 | |||||||||
Weighted average common shares attributable to stock options and restricted stock | 250,159 | 226,772 | 348,798 | |||||||||
Total weighted average common shares | 10,557,751 | 10,685,933 | 10,997,206 | |||||||||
Diluted earnings per common share | $ | 2.30 | $ | 0.03 | $ | 2.56 |