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Previous: MEADOWBROOK INSURANCE GROUP INC, 10-Q, EX-10.11, 2000-11-14 |
Next: MEADOWBROOK INSURANCE GROUP INC, 10-Q, EX-27, 2000-11-14 |
<PAGE> 1
EXHIBIT 11
MEADOWBROOK INSURANCE GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
<TABLE>
<CAPTION>
Income Shares Per Share
(Numerator) (Denominator) Amount
------------ ------------- --------
<S> <C> <C> <C>
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000
----------------------------------------------------------
Net income applicable to common shareholders $ 1,726,808
============
BASIC EPS
Income applicable to shareholders 8,511,776 $0.20
=====
EFFECT OF DILUTIVE SECURITIES
Options - -
DILUTED EPS
Income applicable to shareholders 8,511,776 $0.20
========= =====
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1999
----------------------------------------------------------
Net income before cumulative effect of accounting
change applicable to common shareholders $ (3,661,793)
============
BASIC EPS
Income before cumulative effect of accounting
change applicable to common shareholders 8,614,016 ($0.43)
======
EFFECT OF DILUTIVE SECURITIES
Options - -
DILUTED EPS
Income before cumulative effect of accounting
change applicable to common shareholders 8,614,016 ($0.43)
========= ======
Cumulative effect of accounting change $ (1,706,416)
============
BASIC EPS
Cumulative effect of accounting change 8,614,016 ($0.19)
======
EFFECT OF DILUTIVE SECURITIES
Options -
DILUTED EPS
Cumulative effect of accounting change 8,614,016 ($0.19)
========= ======
Net loss applicable to common shareholders $ (5,368,209)
============
BASIC EPS
Loss applicable to common shareholders 8,614,016 ($0.62)
======
EFFECT OF DILUTIVE SECURITIES
Options -
DILUTED EPS
Loss applicable to common shareholders 8,614,016 ($0.62)
========= ======
</TABLE>
<PAGE> 2
EXHIBIT 11
MEADOWBROOK INSURANCE GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
<TABLE>
<CAPTION>
Income Shares Per Share
(Numerator) (Denominator) Amount
----------- ------------- ---------
<S> <C> <C> <C>
FOR THE QUARTER ENDED SEPTEMBER 30, 2000
------------------------------------------------
Net income applicable to common shareholders $ 708,036
===========
BASIC EPS
Income applicable to shareholders 8,512,008 $ 0.08
======
EFFECT OF DILUTIVE SECURITIES
Options -
DILUTED EPS
Income applicable to shareholders 8,512,008 $ 0.08
========= ======
FOR THE QUARTER ENDED SEPTEMBER 30, 1999
------------------------------------------------
Net income applicable to common shareholders $(3,856,000)
===========
BASIC EPS
Income applicable to shareholders 8,553,479 ($0.45)
======
EFFECT OF DILUTIVE SECURITIES
Options -
DILUTED EPS
Income applicable to shareholders 8,553,479 ($0.45)
========= ======
</TABLE>
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