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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Direct earned premiums$ 62,498$ 55,941$ 180,955$ 172,659
Assumed earned premiums12,28710,86137,42229,151
Ceded earned premiums(15,793)(13,582)(45,866)(58,382)
Net earned premiums58,99253,220172,511143,428
Net investment income8,1968,26523,68224,099
Net realized gains1056011,3112,080
Fee income8431,4742,4943,722
Other income12(260)35(230)
Total revenues68,05363,259210,033173,099
Expenses:    
Losses and loss adjustment expenses35,86731,378117,99786,030
Acquisition expenses13,80012,39339,00831,218
Other underwriting expenses10,9419,99631,30929,672
Interest expense3755861,1162,030
Corporate and other expenses1739651,8112,431
Total expenses61,15655,318191,241151,381
Earnings before income taxes6,8977,94118,79221,718
Income tax expense1,1696355881,486
Net earnings5,7287,30618,20420,232
Less: Net (loss) earnings attributable to the non-controlling interest(69)104454360
Net earnings attributable to American Safety Insurance Holdings, Ltd..$ 5,797$ 7,202$ 17,750$ 19,872
Net earnings per share:    
Basic$ 0.56$ 0.70$ 1.70$ 1.93
Diluted$ 0.54$ 0.68$ 1.65$ 1.87
Weighted average number of shares outstanding:    
Basic10,377,89010,271,18410,416,97910,282,976
Diluted10,701,95910,612,28110,751,31210,615,548