Attached files

file filename
EX-32.2 - EX-32.2 - NAVIGATORS GROUP INCnavg-ex322_7.htm
EX-32.1 - EX-32.1 - NAVIGATORS GROUP INCnavg-ex321_10.htm
EX-31.2 - EX-31.2 - NAVIGATORS GROUP INCnavg-ex312_9.htm
EX-31.1 - EX-31.1 - NAVIGATORS GROUP INCnavg-ex311_6.htm
EX-4.1 - EX-4.1 - NAVIGATORS GROUP INCnavg-ex41_163.htm
10-Q - 10-Q - NAVIGATORS GROUP INCnavg-10q_20180331.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, 2018 and 2017:

 

 

 

Three Months Ended March 31,

 

amounts in thousands, except per share amounts

 

2018

 

 

2017

 

Net Income

 

$

30,878

 

 

$

21,110

 

 

 

 

 

 

 

 

 

 

Basic Weighted Average Shares

 

 

29,595

 

 

 

29,283

 

Effect of Common Stock Equivalents:

 

 

 

 

 

 

 

 

Assumed Vesting of Stock Grants

 

 

542

 

 

 

717

 

Diluted Weighted Average Shares

 

 

30,137

 

 

 

30,000

 

 

 

 

 

 

 

 

 

 

Net Income per Common Share:

 

 

 

 

 

 

 

 

Basic

 

$

1.04

 

 

$

0.72

 

Diluted

 

$

1.02

 

 

$

0.70