UNITED FIRE & CASUALTY COMPANY AND SUBSIDIARIES
PART II - OTHER INFORMATION
Exhibit 11. Computation of Net Income Per Common Share
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(Dollars in Thousands Except Per Share Data)
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Weighted Average
Three-Month Periods Ended Number of Shares Net Earnings Per
September 30, Outstanding Income Common Share
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1996 10,740,639 $ 1,299 $ 0.12
1995 10,829,554 6,561 0.60
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(Dollars in Thousands Except Per Share Data)
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Weighted Average
Nine-Month Periods Ended Number of Shares Net Earnings Per
September 30, Outstanding Income Common Share
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1996 10,788,080 $ 15,215 $ 1.41
1995 10,829,654 20,052 1.85
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Computation of weighted average number of common
and common equivalent shares:
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Three-Month Periods Ended September 30, 1996 1995
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Common shares outstanding beginning of the period 10,749,012 10,829,706
Weighted average of the common
shares purchased and retired or reissued (8,373) (152)
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Weighted average number of common shares 10,740,639 10,829,554
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Nine-Month Periods Ended September 30, 1996 1995
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Common shares outstanding beginning of the period 10,829,461 10,829,706
Weighted average of the common
shares purchased and retired or reissued (41,381) (52)
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Weighted average number of common shares 10,788,080 10,829,654
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