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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
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
 
Six months ended
 
 
(common shares in thousands)
June 30,
2018
 
June 30,
2017
 
June 30,
2018
 
June 30,
2017
 
 
Numerator:
 
 
 
 
 
 
 
 
 
Net income available to RenaissanceRe common shareholders
$
191,788

 
$
171,142

 
$
248,501

 
$
263,494

 
 
Amount allocated to participating common shareholders (1)
(2,174
)
 
(1,585
)
 
(2,583
)
 
(2,526
)
 
 
Net income allocated to RenaissanceRe common shareholders
$
189,614

 
$
169,557

 
$
245,918

 
$
260,968

 
 
Denominator:
 
 
 
 
 
 
 
 
 
Denominator for basic income per RenaissanceRe common share - weighted average common shares
39,641

 
39,937

 
39,597

 
40,172

 
 
Per common share equivalents of employee stock options and restricted shares
13

 
87

 
25

 
152

 
 
Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions
39,654

 
40,024

 
39,622

 
40,324

 
 
Net income available to RenaissanceRe common shareholders per common share – basic
$
4.78

 
$
4.25

 
$
6.21

 
$
6.50

 
 
Net income available to RenaissanceRe common shareholders per common share – diluted
$
4.78

 
$
4.24

 
$
6.21

 
$
6.47

 
 
 
 
 
 
 
 
 
 
 

(1)
Represents earnings attributable to holders of unvested restricted shares issued pursuant to 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.