EX-11 2 d335926dex11.htm COMPUTATION OF EARNINGS PER SHARE Computation of Earnings Per Share

Exhibit 11

American Safety Insurance Holdings, Ltd. and Subsidiaries

Computation of Earnings Per Share

(Dollars in thousands except per-share data)

 

     Three Months Ended
March 31,		  
     2012      2011  

Basic:

      

Earnings available to common shareholders

    $ 4,056       $ 7,901   
  

 

 

     

 

 

  

Weighted average common shares outstanding

      10,220,700         10,444,325   
  

 

 

     

 

 

  

Basic earnings per common share

    $ 0.40       $ 0.76   
  

 

 

     

 

 

  

Diluted:

      

Earnings available to common Shareholders

    $ 4,056       $ 7,901   
  

 

 

     

 

 

  

Weighted average common shares

      

Outstanding

      10,220,700         10,444,325   

Weighted average common shares equivalents associated with options and restricted stock

      313,032         343,792   
  

 

 

     

 

 

  

Total weighted average common shares for diluted purposes

      10,533,732         10,788,117   
  

 

 

     

 

 

  

Diluted earnings per common Share

    $ 0.39       $ 0.73