EXHIBIT EX-11
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
TRANSAMERICA CORPORATION
(Amounts in millions, except per share data)
Three months ended Nine months ended
September 30 September 30
1995 1994 1995 1994
Primary
Average shares outstanding 68.6 73.5 68.9 73.5
Net effect of dilutive stock
options--based on the treasury
stock method using average
market price 2.0* 1.3* 1.6* 1.3*
____ ____ ____ ____
TOTAL 70.6 74.8 70.5 74.8
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Net income $147.0 $104.9 $361.1 $313.6
Preferred dividends (4.5) (6.3) (13.6) (18.2)
______ ______ ______ ______
Net income to common $142.5 $ 98.6 $347.5 $295.4
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Per share amount $2.08 $1.40 $5.04 $4.02
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Fully Diluted
Average shares outstanding 68.6 73.5 68.9 73.5
Net effect of dilutive stock
options--based on the treasury
stock method using the market
price at quarter end if higher
than the average market price
for three months 2.8 1.3* 1.9* 1.3*
____ ____ ____ ____
TOTAL 71.4 74.8 70.8 74.8
==== ==== ==== ====
Net income $147.0 $104.9 $361.1 $313.6
Preferred dividends (4.5) (6.3) (13.6) (18.2)
______ ______ ______ ______
Net income to common $142.5 $ 98.6 $347.5 $295.4
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Per share amount $1.99 $1.40 $5.04 $4.02
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*Not included in per share calculation because effect is less than 3%.