The Navigators Group Income Statement

Quarterly: March 2012 - December 2009 Previous Quarters
Annual

Income	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Revenue	196.98M	211.32M	191.59M	194.25M	169.22M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Cost of Revenue	117.98M	136.10M	110.24M	113.86M	116.79M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Gross Profit	78.99M	75.22M	81.34M	80.39M	52.44M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Research & Development Expense						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Selling, General, & Admin. Expense	29.45M	30.27M	25.93M	28.03M	26.20M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Depreciation & Amortization						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Interest Expense						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Operating Income (Expense)	-36.31M	-30.69M	-34.99M	-35.78M	-36.58M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Operating Expenses	183.74M	197.06M	171.16M	177.67M	179.56M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Income	13.23M	14.26M	20.42M	16.58M	-10.34M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Non-Operating Income	-2.049M	-2.048M	-2.047M	-2.047M	-2.046M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Pretax Income	11.18M	12.21M	18.37M	14.54M	-12.39M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Provision for Income Taxes	3.281M	2.122M	4.476M	5.032M	-4.493M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income after Tax	7.904M	10.09M	13.90M	9.504M	-7.893M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Equity In Affiliates						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income Before Extraordinaries & Disc. Operations	7.904M	10.09M	13.90M	9.504M	-7.893M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Investment Gains/Losses						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Income/Charges						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income from Discontinued Operations						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Net Income	7.904M	10.09M	13.90M	9.504M	-7.893M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Earnings Per Share Data	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Average Shares to compute diluted EPS	14.18	15.18	15.10	15.73	15.74	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Average Shares used to compute basic EPS	13.98	14.98	14.80	15.37	15.74	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Basic net	0.57	0.65	0.94	0.62	-0.50	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Diluted net	0.56	0.67	0.92	0.60	-0.50	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro