EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per common share:




Year ended December 31,	2018			2017			2016
(common shares in thousands)
Numerator:
Net income (loss) available (attributable) to RenaissanceRe common shareholders	$	197,276		$	(244,770	)	$	480,581
Amount allocated to participating common shareholders (1)	(2,121		)	(457		)	(5,666		)
Net income (loss) allocated to RenaissanceRe common shareholders	$	195,155		$	(245,227	)	$	474,915
Denominator:
Denominator for basic income (loss) per RenaissanceRe common share - weighted average common shares	39,732			39,854			41,314
Per common share equivalents of employee stock options and performance shares	23			—			245
Denominator for diluted income (loss) per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions	39,755			39,854			41,559
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic	$	4.91		$	(6.15	)	$	11.50
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted	$	4.91		$	(6.15	)	$	11.43


(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.