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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Direct earned premiums $ 60,528 $ 57,656
Assumed earned premiums 13,865 11,283
Ceded earned premiums (12,980) (14,571)
Net earned premiums 61,413 54,368
Net investment income 7,811 7,437
Realized gains 53 11,107
Fee income 668 865
Other income 12 11
Total revenues 69,957 73,788
Expenses:    
Losses and loss adjustment expenses 37,281 42,260
Acquisition expenses 14,744 11,755
Other underwriting expenses 10,752 10,199
Interest expense 417 386
Corporate and other expenses 1,256 826
Total expenses 64,450 65,426
Earnings before income taxes 5,507 8,362
Income tax expense (benefit) (including $175 and $0 from VIE) 1,106 (32)
Net earnings 4,401 8,394
Less: Net earnings attributable to the non-controlling interest 345 493
Net earnings attributable to American Safety Insurance Holdings, Ltd. $ 4,056 $ 7,901
Net earnings per share:    
Basic $ 0.40 $ 0.76
Diluted $ 0.39 $ 0.73
Weighted average number of shares outstanding:    
Basic 10,220,700 10,444,325
Diluted 10,533,732 10,788,117