Exhibit 11
American Safety Insurance Holdings, Ltd. and Subsidiaries
Computation of Earnings Per Share
(Dollars in thousands except per-share data)
Computation of Earnings Per Share
(Dollars in thousands except per-share data)
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2011 | 2010 | 2011 | 2010 | |||||||||||||
Basic: | ||||||||||||||||
Earnings available to common shareholders | $ | 4,052 | $ | 6,163 | $ | 11,953 | $ | 12,670 | ||||||||
Weighted average common shares outstanding | 10,429,188 | 10,246,100 | 10,436,848 | 10,288,718 | ||||||||||||
Basic earnings per common share | $ | 0.39 | $ | 0.60 | $ | 1.15 | $ | 1.23 | ||||||||
Diluted: | ||||||||||||||||
Earnings available to common Shareholders | $ | 4,052 | $ | 6,163 | $ | 11,953 | $ | 12,670 | ||||||||
Weighted average common shares Outstanding | 10,429,188 | 10,246,100 | 10,436,848 | 10,288,718 | ||||||||||||
Weighted average common shares equivalents associated with options and restricted stock | 335,354 | 343,609 | 339,550 | 328,238 | ||||||||||||
Total weighted average common shares for diluted purposes | 10,764,542 | 10,589,708 | 10,776,398 | 10,616,956 | ||||||||||||
Diluted earnings per common Share | $ | 0.38 | $ | 0.58 | $ | 1.11 | $ | 1.19 | ||||||||