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Previous: ALFA CORP, 10-Q, 2000-11-13 |
Next: ALFA CORP, 10-Q, EX-27, 2000-11-13 |
<PAGE>
Exhibit 11
ALFA CORPORATION
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS
(Unaudited)
The following computations set forth the calculation of basic and diluted net
income per common share and common share equivalents for the nine month and
three month periods ended September 30, 2000 and 1999:
<TABLE>
<CAPTION>
Nine Months Ended Three Months Ended
September 30, September 30,
--------------------------- ---------------------------
2000 1999 2000 1999
----------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
Net income $50,998,181 $48,448,212 $13,812,752 $16,250,468
=========== =========== =========== ===========
Weighted average number of
common shares outstanding 39,194,840 40,108,224 39,050,892 39,673,839
=========== =========== =========== ===========
Net income per common share - Basic $ 1.30 $ 1.21 $ 0.35 $ 0.41
=========== =========== =========== ===========
<CAPTION>
Nine Months Ended Three Months Ended
September 30, September 30,
--------------------------- ---------------------------
2000 1999 2000 1999
----------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
Net income $50,998,181 $48,448,212 $13,812,752 $16,250,468
=========== =========== =========== ===========
Weighted average number of
common shares outstanding 39,194,840 40,108,224 39,050,892 39,673,839
Common share equivalents
resulting from:
Dilutive stock options 230,748 266,006 260,185 253,227
----------- ----------- ----------- -----------
Adjusted weighted average number
of common and common equivalent
shares outstanding 39,425,588 40,374,230 39,311,077 39,927,066
=========== =========== =========== ===========
Net income per common share - Diluted $ 1.29 $ 1.20 $ 0.35 $ 0.41
=========== =========== =========== ===========
</TABLE>
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