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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Direct earned premiums $ 65,122 $ 60,595 $ 128,693 $ 121,123
Assumed earned premiums 15,795 15,259 30,724 29,124
Ceded earned premiums (18,725) (13,837) (35,301) (26,818)
Net earned premiums 62,192 62,017 124,116 123,429
Net investment income 5,582 7,402 13,214 15,214
Realized gains (losses) 37,482 (13) 38,936 39
Fee income 335 717 1,563 1,385
Other income 12 12 24 25
Total revenues 105,603 70,135 177,853 140,092
Expenses:        
Losses and loss adjustment expenses 37,673 40,819 75,636 78,100
Acquisition expenses 13,814 14,337 28,568 29,081
Other underwriting expenses 12,382 12,013 24,523 22,764
Interest expense 358 367 712 785
Corporate and other expenses 655 848 1,436 2,104
Total expenses 64,882 68,384 130,875 132,834
Earnings before income taxes 40,721 1,751 46,978 7,258
Income tax expense 5,900 (234) 6,577 872
Net earnings 34,821 1,985 40,401 6,386
Less: Net earnings (loss) attributable to the non-controlling interest 10 (182) 98 163
Net earnings attributable to American Safety Insurance Holdings, Ltd. $ 34,811 $ 2,167 $ 40,303 $ 6,223
Net earnings per share:        
Basic $ 3.65 $ 0.21 $ 4.25 $ 0.61
Diluted $ 3.54 $ 0.21 $ 4.12 $ 0.59
Weighted average number of shares outstanding:        
Basic 9,538,924 10,256,634 9,490,498 10,238,667
Diluted 9,824,228 10,555,222 9,786,953 10,544,627