UNITED FIRE & CASUALTY COMPANY AND SUBSIDIARIES
EXHIBIT 11. COMPUTATION OF EARNINGS PER COMMON SHARE
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(Dollars in Thousands Except Per Share Data
and Number of Shares)
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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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1998 10,685,374 $12,610 $1.18
1997 10,727,408 5,118 0.48
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(Dollars in Thousands Except Per Share Data
and Number of Shares)
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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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1998 10,702,805 $21,492 $2.01
1997 10,727,559 12,521 1.17
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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, 1998 1997
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Common shares outstanding beginning of the period 10,709,222 10,727,712
Weighted average of the common
shares purchased and retired or reissued (23,848) (304)
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Weighted average number of common shares 10,685,374 10,727,408
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Six-Month Periods Ended June 30, 1998 1997
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Common shares outstanding beginning of the period 10,727,322 10,727,712
Weighted average of the common
shares purchased and retired or reissued (24,517) (153)
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Weighted average number of common shares 10,702,805 10,727,559
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