Attached files

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EX-32.2 - EX-32.2 - NAVIGATORS GROUP INCd846003dex322.htm
EX-31.1 - EX-31.1 - NAVIGATORS GROUP INCd846003dex311.htm
EX-31.2 - EX-31.2 - NAVIGATORS GROUP INCd846003dex312.htm
EX-23.1 - EX-23.1 - NAVIGATORS GROUP INCd846003dex231.htm
EX-32.1 - EX-32.1 - NAVIGATORS GROUP INCd846003dex321.htm
EX-21.1 - EX-21.1 - NAVIGATORS GROUP INCd846003dex211.htm
EX-10.17 - EX-10.17 - NAVIGATORS GROUP INCd846003dex1017.htm
EXCEL - IDEA: XBRL DOCUMENT - NAVIGATORS GROUP INCFinancial_Report.xls
10-K - FORM 10-K - NAVIGATORS GROUP INCd846003d10k.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

 

     Year Ended December 31,  

In thousands, except share and per share amounts

   2014      2013      2012  

Net income

   $ 95,329       $ 63,466       $ 63,762   

Basic weighted average shares

     14,259,768         14,133,925         14,052,311   

Effect of common stock equivalents:

        

Assumed exercise of stock options and vesting of stock grants

     386,601         211,628         275,509   
  

 

 

    

 

 

    

 

 

 

Diluted weighted average shares

  14,646,369      14,345,553      14,327,820   

Net income per common share:

Basic

$ 6.69    $ 4.49    $ 4.54   
  

 

 

    

 

 

    

 

 

 

Diluted

$ 6.51    $ 4.42    $ 4.45