EX-11.1 2 dex111.htm STMTS. RE: COMPUTATION OF NET INCOME(LOSS) PER COMMON & COMMON SHARE EQUIVALENTS Stmts. Re: Computation of Net Income(Loss) per Common & Common Share Equivalents

Exhibit 11.1

PartnerRe Ltd.

Computation of Net Income (Loss) per Common and Common Share Equivalents

For the Nine Months and Three Months Ended September 30, 2006 and 2005

(in thousands of U.S. dollars, except per share amounts)

 

    

For the nine months ended

September 30, 2006

   

For the nine months ended

September 30, 2005

  
     Income
(Numerator)		    Shares
(Denominator)		    Per Share
Amount		    Loss
(Numerator)		     Shares
(Denominator)		    Per Share
Amount		  

Net income (loss)

    $ 506,614          $ (17,424 )     

Less: preferred dividends

      25,894            25,894       
                          

Net income (loss) available to common shareholders/Weighted average number of common shares outstanding/Basic net income (loss) per share

    $ 480,720    56,769.9    $ 8.47    $ (43,318 )   54,673.2    $ (0.79 )

Effect of dilutive securities: Stock options and
other (1)

       916.2           
                    

Net income available to common shareholders/Weighted average number of common and common share equivalents outstanding/Diluted net income per share

    $ 480,720    57,686.1    $ 8.33        
(1) Diluted net loss per share has not been shown for the 2005 period because the effect of dilutive securities would have been anti-dilutive. Dilutive securities, under the form of stock options and others, that could potentially dilute basic net loss per share in the future were not included in the computation of diluted net loss per share because to do so would have been antidilutive. The weighted average number of common and common share equivalents outstanding for the period would have amounted to 55,566.0 thousand shares if these securities had been included.

 

    

For the three months ended

September 30, 2006

   

For the three months ended

September 30, 2005

  
     Income
(Numerator)		    Shares
(Denominator)		    Per Share
Amount		    Loss
(Numerator)		     Shares
(Denominator)		    Per Share
Amount		  

Net income (loss)

    $ 235,841          $ (288,748 )     

Less: preferred dividends

      8,631            8,631       
                          

Net income (loss) available to common shareholders/Weighted average number of common shares outstanding/Basic net income (loss) per share

    $ 227,210    56,811.7    $ 4.00    $ (297,379 )   54,278.9    $ (5.48 )

Effect of dilutive securities: Stock options and other (2)

       988.9           
                    

Net income available to common shareholders/Weighted average number of common and common share equivalents outstanding/Diluted net income per share

    $ 227,210    57,800.6    $ 3.93        
(2) Diluted net loss per share has not been shown for the 2005 period because the effect of dilutive securities would have been anti-dilutive. Dilutive securities, under the form of stock options and others, that could potentially dilute basic net loss per share in the future were not included in the computation of diluted net loss per share because to do so would have been antidilutive. The weighted average number of common and common share equivalents outstanding for the period would have amounted to 55,175.6 thousand shares if these securities had been included.