Exhibit 11 RISCORP, INC. AND SUBSIDIARIES Statement Re Computation of Per Share Loss (in thousands, except share and per share amounts) Three Months Ended March 31 --------------------------------------- 2000 1999 ----------------- ----------------- (Unaudited) (Unaudited) Net loss $ (124) $ (839) ============= ============== Weighted average common and common share equivalents outstanding: Average number of common shares outstanding 36,868,114 36,868,114 Restricted stock vested 1,054,167 479,167 ------------- -------------- Weighted average common shares outstanding - (basic) 37,922,281 37,347,281 ============= ============== Weighted average common and common share equivalents outstanding - (diluted) 37,922,281 37,347,281 ============= ============== Net loss per common share--basic $ (0.00) $ (0.02) ============== ============== Net loss per common share--diluted $ (0.00) $ (0.02) ============= ==============