Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2014

The reconciliation of basic and diluted net income per share and dividends declared per common share for the years ended December 31, 2014, 2013 and 2012 is as follows (in thousands of U.S. dollars, except share and per share data):



	2014		2013		2012
Numerator:
Net income attributable to PartnerRe Ltd.	$	1,054,974	$	664,008	$	1,134,514
Less: preferred dividends	56,735		57,861		61,622
Less: loss on redemption of preferred shares	—		9,135		—
Net income attributable to PartnerRe Ltd. common shareholders	$	998,239	$	597,012	$	1,072,892
Denominator:
Weighted number of common shares outstanding – basic	50,019,480		55,378,980		62,915,992
Share options and other ⁽¹⁾	1,154,745		1,069,125		699,756
Weighted average number of common shares and common share equivalents outstanding – diluted	51,174,225		56,448,105		63,615,748
Basic net income per share	$	19.96	$	10.78	$	17.05
Diluted net income per share ⁽¹⁾	$	19.51	$	10.58	$	16.87
Dividends declared per common share	$	2.68	$	2.56	$	2.48
Anti-dilutive common shares excluded from weighted average number of common shares and common share equivalents outstanding - diluted ⁽¹⁾	127,329		14,784		554,747


(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.