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EXHIBIT 11
GENERAL RE CORPORATION
COMPUTATION OF EARNINGS PER SHARE
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YEARS ENDED DECEMBER 31
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1995 1994 1993
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EARNINGS PER SHARE OF COMMON STOCK
Net income applicable to common stock (in millions)(a)..... $ 814 $ 654 $ 700
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Average number of common shares outstanding(b)............. 82,085,315 82,071,651 84,542,686
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Net income per share....................................... $ 9.92 $ 7.97 $ 8.28
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(a) After deduction of preferred stock dividends of $11 million for the years
ended December 31, 1995, 1994 and 1993.
(b) Fully diluted earnings per share are not reported because the effect of
potentially dilutive securities was not significant.