Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

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:



Year ended December 31,	2022		2021		2020
(common shares in thousands)
Numerator:
Net income (loss) available (attributable) to RenaissanceRe common shareholders	$	(1,096,578)	$	(73,421)	$	731,482
Amount allocated to participating common shareholders (1)	(1,079)		(727)		(8,968)
Net income (loss) allocated to RenaissanceRe common shareholders	$	(1,097,657)	$	(74,148)	$	722,514
Denominator:
Denominator for basic income (loss) per RenaissanceRe common share - weighted average common shares	43,040		47,171		47,103
Per common share equivalents of non-vested shares (2)	—		—		75
Denominator for diluted income (loss) per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions	43,040		47,171		47,178
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic	$	(25.50)	$	(1.57)	$	15.34
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted	$	(25.50)	$	(1.57)	$	15.31

(1)Represents earnings and dividends attributable to holders of unvested shares issued pursuant to the Company's stock compensation plans.

(2)In periods for which the Company has net loss allocated to RenaissanceRe common shareholders, the denominator used in calculating net loss attributable to RenaissanceRe common shareholders per common share - basic is also used in calculating net loss attributable to RenaissanceRe common shareholders per common share - diluted. For the twelve months ended December 31, 2022, per common share equivalents of non-vested shares of 90 thousand could potentially be dilutive in future periods if the Company reports net income allocated to RenaissanceRe common shareholders.