Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - NAVIGATORS GROUP INCFinancial_Report.xls
EX-32.2 - EX-32.2 - NAVIGATORS GROUP INCd905918dex322.htm
EX-31.1 - EX-31.1 - NAVIGATORS GROUP INCd905918dex311.htm
EX-31.2 - EX-31.1 - NAVIGATORS GROUP INCd905918dex312.htm
EX-32.1 - EX-32.1 - NAVIGATORS GROUP INCd905918dex321.htm
EX-10.1 - EX-10.1 - NAVIGATORS GROUP INCd905918dex101.htm
10-Q - FORM 10-Q - NAVIGATORS GROUP INCd905918d10q.htm

Exhibit 11-1

THE NAVIGATORS GROUP, INC. AND SUBSIDIARIES

Computation of Per Share Earnings

The following table presents the computation of basic and diluted earnings per share for the three months ended March 31, 2015 and 2014:

 

     Three Months Ended March 31,  

amounts in thousands, except share and per share amounts

   2015      2014  

Net income

   $ 25,929       $ 27,968   

Basic weighted average shares

     14,327,606         14,233,504   

Effect of common stock equivalents:

     

Assumed exercise of stock options and vesting of stock grants

     310,231         174,912   
  

 

 

    

 

 

 

Diluted weighted average shares

  14,637,837      14,408,416   

Net income per common share:

Basic

$ 1.81    $ 1.96   
  

 

 

    

 

 

 

Diluted

$ 1.77    $ 1.94