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
June 30, Outstanding Income Common Share
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1997 10,727,408 $ 5,118 $ 0.48
1996 10,794,675 5,161 0.48
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(Dollars in Thousands Except Per Share Data)
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Weighted Average
Six-Month Periods Ended Number of Shares Net Earnings Per
June 30, Outstanding Income Common Share
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1997 10,727,559 $ 12,521 $ 1.17
1996 10,812,061 13,916 1.29
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Computation of weighted average number of common
and common equivalent shares:
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Three-Month Periods Ended June 30, 1997 1996
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Common shares outstanding
beginning of the period 10,727,712 10,829,399
Weighted average of the common
shares purchased and retired or reissued (304) (34,724)
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Weighted average number of common shares 10,727,408 10,794,675
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Six-Month Periods Ended June 30, 1997 1996
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Common shares outstanding
beginning of the period 10,727,712 10,829,461
Weighted average of the common
shares purchased and retired or reissued (153) (17,400)
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Weighted average number of common shares 10,727,559 10,812,061
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