EX-11 5 v70188ex11.txt EXHIBIT 11 1 SAFECO CORPORATION AND SUBSIDIARIES Computation of Income Per Share Exhibit 11 Year Ended December 31 2000 1999 1998 -------------------------------------------------------------------------------- (In Millions Except Per Share Amounts)
BASIC NET INCOME PER SHARE OF COMMON STOCK 1. Net Income $ 114.6 $ 252.2 $ 351.9 --------------------------------------------- 2. Average Number of Common Shares Outstanding 127.8 132.7 139.4 --------------------------------------------- 3. Basic Net Income Per Share of Common Stock (L.1 /L.2) $ 0.90 $ 1.90 $ 2.52 ============================================= DILUTED NET INCOME PER SHARE OF COMMON STOCK 1. Net Income $ 114.6 $ 252.2 $ 351.9 --------------------------------------------- 2. Average Number of Common Shares Outstanding 127.8 132.7 139.4 3. Additional Common Shares Assumed Issued Under Treasury Stock Method (All due to employee stock options) -- 0.1 0.5 --------------------------------------------- 4. Diluted Average Number of Common Shares Outstanding 127.8 132.8 139.9 --------------------------------------------- 5. Diluted Net Income Per Share of Common Stock (L.1 /L.4) $ 0.90 $ 1.90 $ 2.51 =============================================