AMERICAN SAFETY INSURANCE HOLDINGS LTD - FORM 10-Q - EX-11 - EXHIBIT 11

file	filename
10-Q - FORM 10-Q - AMERICAN SAFETY INSURANCE HOLDINGS LTD	c19312e10vq.htm
EX-31.2 - EXHIBIT 31.2 - AMERICAN SAFETY INSURANCE HOLDINGS LTD	c19312exv31w2.htm
EX-10.1 - EXHIBIT 10.1 - AMERICAN SAFETY INSURANCE HOLDINGS LTD	c19312exv10w1.htm
EX-31.1 - EXHIBIT 31.1 - AMERICAN SAFETY INSURANCE HOLDINGS LTD	c19312exv31w1.htm
EX-10.3 - EXHIBIT 10.3 - AMERICAN SAFETY INSURANCE HOLDINGS LTD	c19312exv10w3.htm
EX-10.4 - EXHIBIT 10.4 - AMERICAN SAFETY INSURANCE HOLDINGS LTD	c19312exv10w4.htm
EX-32.1 - EXHIBIT 32.1 - AMERICAN SAFETY INSURANCE HOLDINGS LTD	c19312exv32w1.htm
EX-32.2 - EXHIBIT 32.2 - AMERICAN SAFETY INSURANCE HOLDINGS LTD	c19312exv32w2.htm
EXCEL - IDEA: XBRL DOCUMENT - AMERICAN SAFETY INSURANCE HOLDINGS LTD	Financial_Report.xls
EX-10.2 - EXHIBIT 10.2 - AMERICAN SAFETY INSURANCE HOLDINGS LTD	c19312exv10w2.htm

Exhibit 11

American Safety Insurance Holdings, Ltd. and Subsidiaries
Computation of Earnings Per Share
(Dollars in thousands except per-share data)


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Basic:
Earnings available to common shareholders	$	4,052	$	6,163	$	11,953	$	12,670


Weighted average common shares outstanding		10,429,188		10,246,100		10,436,848		10,288,718


Basic earnings per common share	$	0.39	$	0.60	$	1.15	$	1.23


Diluted:
Earnings available to common Shareholders	$	4,052	$	6,163	$	11,953	$	12,670


Weighted average common shares Outstanding		10,429,188		10,246,100		10,436,848		10,288,718

Weighted average common shares equivalents associated with options and restricted stock		335,354		343,609		339,550		328,238


Total weighted average common shares for diluted purposes		10,764,542		10,589,708		10,776,398		10,616,956


Diluted earnings per common Share	$	0.38	$	0.58	$	1.11	$	1.19

AMERICAN SAFETY INSURANCE HOLDINGS LTD - FORM 10-Q - EX-11 - EXHIBIT 11 - August 9, 2011