Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31-2 - NAVIGATORS GROUP INC | c96822exv31w2.htm |
| EX-32.2 - EXHIBIT 32-2 - NAVIGATORS GROUP INC | c96822exv32w2.htm |
| EX-32.1 - EXHIBIT 32-1 - NAVIGATORS GROUP INC | c96822exv32w1.htm |
| EX-21.1 - EXHIBIT 21-1 - NAVIGATORS GROUP INC | c96822exv21w1.htm |
| EX-23.1 - EXHIBIT 23-1 - NAVIGATORS GROUP INC | c96822exv23w1.htm |
| EX-31.1 - EXHIBIT 31-1 - NAVIGATORS GROUP INC | c96822exv31w1.htm |
| 10-K - FORM 10-K - NAVIGATORS GROUP INC | c96822e10vk.htm |
EXHIBIT 11-1
THE NAVIGATORS GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
Earnings Per Share of Common Stock and Common Stock Equivalents
($ and shares in thousands, except per share data)
| Year Ended December 31, | ||||||||||||
| 2009 | 2008 | 2007 | ||||||||||
Net income applicable to common stock |
$ | 63,158 | $ | 51,692 | $ | 95,620 | ||||||
Average number of common shares outstanding |
16,935 | 16,802 | 16,812 | |||||||||
Net income per share — Basic |
$ | 3.73 | $ | 3.08 | $ | 5.69 | ||||||
Average number of common shares outstanding |
16,935 | 16,802 | 16,812 | |||||||||
Add: Assumed exercise of stock options
and vesting
of stock grants |
387 | 190 | 193 | |||||||||
Common and common equivalent shares
outstanding |
17,322 | 16,992 | 17,005 | |||||||||
Net income per share — Diluted |
$ | 3.65 | $ | 3.04 | $ | 5.62 | ||||||