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Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
6. Net Income (Loss) per Share
The reconciliation of basic and diluted net income (loss) per share for the three months and six months ended June 30, 2014 and 2013 is as follows (in thousands of U.S. dollars, except share and per share data):
 
For the three months ended June 30, 2014
 
For the three months ended June 30, 2013
 
For the six months ended June 30, 2014
 
For the six months ended June 30, 2013
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to PartnerRe Ltd.
$
271,841

 
$
(175,571
)
 
$
581,683

 
$
58,799

Less: preferred dividends
14,184

 
14,796

 
28,367

 
29,494

Less: loss on redemption of preferred shares
—

 
—

 
—

 
9,135

Net income (loss) attributable to PartnerRe Ltd. common shareholders
$
257,657

 
$
(190,367
)
 
$
553,316

 
$
20,170

Denominator:
 
 
 
 
 
 
 
Weighted number of common shares outstanding – basic
50,241,216

 
56,485,882

 
50,942,980

 
57,449,528

Share options and other (1) (2)
1,087,545

 
—

 
1,081,471

 
1,084,998

Weighted average number of common shares and common share equivalents outstanding – diluted
51,328,761

 
56,485,882

 
52,024,451

 
58,534,526

Basic net income (loss) per share
$
5.13

 
$
(3.37
)
 
$
10.86

 
$
0.35

Diluted net income (loss) per share (1) (2)
$
5.02

 
$
(3.37
)
 
$
10.64

 
$
0.34

 
 
 
 
 
 
 
 
Anti-dilutive common shares excluded from weighted average number of common shares and common share equivalents outstanding - diluted (1)
149,600

 
142,479

 
119,870

 
104,920

 
 
(1)
Where the exercise price of share based awards is greater than the average market price of the common shares, the common shares are considered anti-dilutive and are excluded from the calculation of weighted average number of common shares and common share equivalents outstanding - diluted.
(2)
Dilutive securities, in the form of share options and other, of 1,003,849 shares were not included in the weighted average number of common shares and common share equivalents outstanding - diluted, for the purpose of computing the diluted net loss per share because to do so would have been anti-dilutive for the three months ended June 30, 2013.