EX-11 3 w58688ex11.txt COMPUTATION OF EARNINGS PER SHARE EXHIBIT 11 Philadelphia Consolidated Holding Corp. and Subsidiaries Computation of Earnings Per Share (Dollars and Share Data in Thousands, Except Per Share Data)
As of and For the Years Ended December 31, ------------------------------------------ 2001 2000 1999 ------- ------- ------- Weighted-Average Common Shares Outstanding 16,529 12,178 12,501 Weighted-Average Share Equivalents Outstanding 656 2,412 2,615 ------- ------- ------- Weighted-Average Shares and Share Equivalents Outstanding 17,185 14,590 15,116 ======= ======= ======= Net Income $30,559 $30,770 $18,843 ======= ======= ======= Basic Earnings Per Share $1.85 $2.53 $1.51 ===== ===== ===== Diluted Earnings Per Share $1.78 $2.11 $1.25 ===== ===== =====