EXHIBIT 11.1

EFJ, INC. AND SUBSIDIARIES
COMPUTATION OF NET INCOME (LOSS) PER SHARE
(Unaudited)
(in thousands, except share and per share data)

|                                       |                                                                 | Three Months Ended June 30, |            | Six Months Ended June 30, |  
|-------------------------------------- | --------------------------------------------------------------- | --------------------------- | ---------- | ------------------------- | -
|
|Net income (loss)                      |                                                                 | $                           | 195        |                           | $
|                                       |                                                                 |                             |            |                           |  
|Net income (loss) per shareBasic:     |                                                                 |                             |            |                           |  
|Weighted average common sharesBasic   |                                                                 |                             | 17,577,315 |                           |  
|                                       |                                                                 |                             |            |                           |  
|Net income (loss) per share  Basic    |                                                                 | $                           | 0.01       |                           | $
|                                       |                                                                 |                             |            |                           |  
|Net income (loss) per shareDiluted:   |                                                                 |                             |            |                           |  
|Shares used in this computation:       |                                                                 |                             |            |                           |  
|                                       | Weighted average common sharesBasic                            |                             |            | 17,577,315                |  
|                                       | Dilutive effect of shares under employee stock planssee Note 4 |                             |            | 659,847                   |  
|                                       |                                                                 |                             |            |                           |  
|Weighted average common sharesDiluted |                                                                 |                             | 18,237,162 |                           |  
|                                       |                                                                 |                             |            |                           |  
|Net income (loss) per shareDiluted    |                                                                 | $                           | 0.01       |                           | $
|                                       |                                                                 |                             |            |                           |  

Note:    Common
stock equivalents were not included for the three and six months ended June 30, 2001, as their effect would be anti-dilutive.

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