AmerUs Group Co.
Exhibit 11 - Statement Re: Computation of Earnings Per Share

		For The Three Months Ended June 30,
		2003							2002
		Net		Number of		Per Share			Net		Number of		Per Share
		Income		Shares		Amount			Income		Shares		Amount
		($ in thousands, except share amounts)
Basic EPS
	Net Income from Continuing Operations	$	43,711		39,162	$	1.12		$	4,262		40,155	$	0.11
Effect of dilutive securities
	Options		—		242		(0.01	)		—		505		(0.01	)
	Warrants		—		—		—			—		1		—
Diluted EPS		$	43,711		39,404	$	1.11		$	4,262		40,661	$	0.10

		For The Six Months Ended June 30,
		2003							2002
		Net		Number of		Per Share			Net		Number of		Per Share
		Income		Shares		Amount			Income		Shares		Amount
		($ in thousands, except share amounts)
Basic EPS
	Net Income from Continuing Operations	$	79,501		39,112	$	2.03		$	29,176		40,749	$	0.72
Effect of dilutive securities
	Options		—		243		(0.01	)		—		507		(0.01	)
	Warrants		—		—		—			—		56		—
Diluted EPS		$	79,501		39,355	$	2.02		$	29,176		41,312	$	0.71

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