EX-1
from 10-Q
1 page
<table> Capital Re Corporation and Subsidiaries Exhibit 11 Statement Re: Computation of Per Share Earnings (Unaudited) (Dollars in Thousands Except Per Share Amounts) Three Months Ended March 31, 1996 1995 <s> <c> <c> Earnings Per Common Share (Primary and Fully Diluted) Average Shares Outstanding During the Period 15,268 14,783 Net Income 12,767 11,077 Per Share Amount $0.84 $0.75 ====== ====== Notes: The Per Share Data for 1996 and 1995 Does Not Include the Net Effect of Dilutive Stock Options, Since the Dilution From the Earnings Per Share Amount Is Less Than 3%. </Table>
12/34/56