Attached files
Exhibit 11
American Safety Insurance Holdings, Ltd. and subsidiaries
Computation of Earnings Per Share
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Three Months Ended
June 30,
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Six Months Ended
June 30,
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2010
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2009
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2010
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2009
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Basic:
Earnings available to common shareholders
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$ | 6,163 | $ | 6,919 | $ | 12,670 | $ | 12,464 | ||||||||
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Weighted average common shares
outstanding
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10,246,100 | 10,302,511 | 10,288,718 | 10,294,390 | ||||||||||||
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Basic earnings per common share
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$ | 0.60 | $ | 0.67 | $ | 1.23 | $ | 1.21 | ||||||||
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Diluted:
Earnings (loss) available to common Shareholders
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$ | 6,163 | $ | 6,919 | $ | 12,670 | $ | 12,464 | ||||||||
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Weighted average common shares
Outstanding
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10,246,100 | 10,302,511 | 10,288,718 | 10,294,390 | ||||||||||||
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Weighted average common shares
equivalents associated with options and restricted stock
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343,609 | 221,000 | 328,238 | 221,001 | ||||||||||||
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Total weighted average common
shares for diluted purposes
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10,589,708 | 10,523,511 | 10,616,956 | 10,515,391 | ||||||||||||
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Diluted earnings per common
Share
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$ | 0.58 | $ | 0.66 | $ | 1.19 | $ | 1.19 | ||||||||