exv11

Exhibit 11

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


	For The Three Months Ended June 30,
	2004							2003
	Net		Number of		Per Share			Net		Number of		Per Share
	Income		Shares		Amount			Income		Shares		Amount
			(in thousands, except per share amounts)
Basic EPS
Net income from continuing operations	$	48,776		39,327	$	1.24		$	43,176		39,162	$	1.10
Effect of dilutive securities
Options		—		656		(0.02	)		—		242		—
PRIDES		—		777		(0.02	)		—		—		—

Diluted EPS	$	48,776		40,760	$	1.20		$	43,176		39,404	$	1.10


	For The Six Months Ended June 30,
	2004							2003
	Net		Number of		Per Share			Net		Number of		Per Share
	Income		Shares		Amount			Income		Shares		Amount
			(in thousands, except per share amounts)
Basic EPS
Net income from continuing operations	$	78,516		39,342	$	2.00		$	78,479		39,112	$	2.01
Effect of dilutive securities
Options		—		626		(0.03	)		—		243		(0.02	)
PRIDES		—		651		(0.04	)		—		—		—

Diluted EPS	$	78,516		40,619	$	1.93		$	78,479		39,355	$	1.99