Net Income Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

6. Net Income per Share

The reconciliation of basic and diluted net income per share for the three months ended March 31, 2015 and 2014 is as follows (in thousands of U.S. dollars, except share and per share data):

	For the three months ended
	March 31, 2015		March 31, 2014
Numerator:
Net income attributable to PartnerRe Ltd.	$	245,917	$	309,843
Less: preferred dividends	14,184		14,184
Net income attributable to PartnerRe Ltd. common shareholders	$	231,733	$	295,659
Denominator:
Weighted number of common shares outstanding – basic	47,525,344		51,652,177
Share options and other (1)	1,184,884		1,075,396
Weighted average number of common shares and common share equivalents outstanding – diluted	48,710,228		52,727,573
Basic net income per share	$	4.88	$	5.72
Diluted net income per share (1)	$	4.76	$	5.61
Anti-dilutive common shares excluded from weighted average number of common shares and common share equivalents outstanding - diluted (1)	119,202		69,144

(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.