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EXHIBIT 11
AMERICAN NATIONAL FINANCIAL, INC. AND SUBSIDIARIES
COMPUTATION OF BASIC AND DILUTED
EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
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<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Net earnings, basic basis ......... $ 643 $2,647 $ 311 $5,443
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Weighted average basic shares ..... 7,312 7,150 7,270 6,606
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Basic earnings per share .......... $ 0.09 $ 0.37 $ 0.04 $ 0.82
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Diluted net earnings .............. $ 643 $2,647 $ 311 $5,443
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Weighted average shares outstanding
during the period, basic basis .. 7,312 7,150 7,270 6,606
Effect of dilutive options ........ -- -- -- 66
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Weighted average shares outstanding
during the period, diluted basis 7,312 7,150 7,270 6,672
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Diluted earnings per share ........ $ 0.09 $ 0.37 $ 0.04 $ 0.82
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