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Earnings per share (Tables)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share
The following table sets forth the computation of basic earnings per share and earnings per diluted share available to common shareholders for the years ended December 31, 2015, 2014 and 2013:
 
Years Ended December 31,
 
2015
 
2014
 
2013
Basic earnings per share
 
 
 
 
 
Net income
$
467,857

 
$
554,843

 
$
595,148

(Income) attributable to noncontrolling interest
(92,964
)
 
(74,880
)
 
(62,482
)
Net income available to Validus
$
374,893

 
$
479,963

 
$
532,666

Less: Dividends and distributions declared on outstanding warrants
(3,566
)
 
(6,208
)
 
(19,214
)
Income available to common shareholders
$
371,327

 
$
473,755

 
$
513,452

Weighted average number of common shares outstanding
83,107,236

 
90,354,745

 
102,202,274

Basic earnings per share available to common shareholders
$
4.47

 
$
5.24

 
$
5.02

 
 
 
 
 
 
Earnings per diluted share
 
 
 
 
 
Net income
$
467,857

 
$
554,843

 
$
595,148

(Income) attributable to noncontrolling interest
(92,964
)
 
(74,880
)
 
(62,482
)
Net income available to Validus
$
374,893

 
$
479,963

 
$
532,666

Less: Dividends and distributions declared on outstanding warrants
—

 
—

 
(19,214
)
Income available to common shareholders
$
374,893

 
$
479,963

 
$
513,452

Weighted average number of common shares outstanding
83,107,236

 
90,354,745

 
102,202,274

Share equivalents:
 
 
 
 
 
Warrants
2,090,248

 
2,789,032

 
—

Stock options
151,867

 
745,561

 
1,026,543

Unvested restricted shares
1,077,409

 
800,933

 
741,472

Weighted average number of diluted common shares outstanding
86,426,760

 
94,690,271

 
103,970,289

Earnings per diluted share available to common shareholders
$
4.34

 
$
5.07

 
$
4.94