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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended
 
Nine months ended
 
 
(thousands of shares)
September 30,
2016
 
September 30,
2015
 
September 30,
2016
 
September 30,
2015
 
 
Numerator:
 
 
 
 
 
 
 
 
 
Net income available to RenaissanceRe common shareholders
$
146,825

 
$
75,529

 
$
411,145

 
$
316,605

 
 
Amount allocated to participating common shareholders (1)
(1,770
)
 
(867
)
 
(4,939
)
 
(3,642
)
 
 
Net income allocated to RenaissanceRe common shareholders
$
145,055

 
$
74,662

 
$
406,206

 
$
312,963

 
 
Denominator:
 
 
 
 
 
 
 
 
 
Denominator for basic income per RenaissanceRe common share - weighted average common shares
40,513

 
44,564

 
41,594

 
43,166

 
 
Per common share equivalents of employee stock options and restricted shares
220

 
349

 
248

 
365

 
 
Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions
40,733

 
44,913

 
41,842

 
43,531

 
 
Net income available to RenaissanceRe common shareholders per common share – basic
$
3.58

 
$
1.68

 
$
9.77

 
$
7.25

 
 
Net income available to RenaissanceRe common shareholders per common share – diluted
$
3.56

 
$
1.66

 
$
9.71

 
$
7.19

 
 
 
 
 
 
 
 
 
 
 

(1)
Represents earnings attributable to holders of unvested restricted shares issued under the Company’s 2001 Stock Incentive Plan, 2010 Performance-Based Equity Incentive Plan, 2016 Long-Term Incentive Plan and to the Company’s non-employee directors.