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 | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2011 | 2010 | 2011 | 2010 | |||||||||||||
Basic: | ||||||||||||||||
Earnings available to common shareholders | $ | 5,797 | $ | 7,202 | $ | 17,750 | $ | 19,872 | ||||||||
Weighted average common shares Outstanding | 10,377,890 | 10,271,184 | 10,416,979 | 10,282,976 | ||||||||||||
Basic earnings per common share | $ | 0.56 | $ | 0.70 | $ | 1.70 | $ | 1.93 | ||||||||
Diluted: | ||||||||||||||||
Earnings available to common Shareholders | $ | 5,797 | $ | 7,202 | $ | 17,750 | $ | 19,872 | ||||||||
Weighted average common shares Outstanding | 10,377,890 | 10,271,184 | 10,416,979 | 10,282,976 | ||||||||||||
Weighted average common shares equivalents associated with options and restricted stock | 324,069 | 341,097 | 334,333 | 332,572 | ||||||||||||
Total weighted average common shares for diluted purposes | 10,701,959 | 10,612,281 | 10,751,312 | 10,615,548 | ||||||||||||
Diluted earnings per common Share | $ | 0.54 | $ | 0.68 | $ | 1.65 | $ | 1.87 | ||||||||