Earnings Per Share

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

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

	Three months ended						Six months ended
(thousands of shares)	June 30, 2016			June 30, 2015			June 30, 2016			June 30, 2015
Numerator:
Net income available to RenaissanceRe common shareholders	$	136,325		$	73,233		$	264,320		$	241,076
Amount allocated to participating common shareholders (1)	(1,561		)	(819		)	(3,166		)	(2,781		)
Net income allocated to RenaissanceRe common shareholders	$	134,764		$	72,414		$	261,154		$	238,295
Denominator:
Denominator for basic income per RenaissanceRe common share - weighted average common shares	41,693			45,303			42,135			42,467
Per common share equivalents of employee stock options and restricted shares	192			354			263			372
Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions	41,885			45,657			42,398			42,839
Net income available to RenaissanceRe common shareholders per common share – basic	$	3.23		$	1.60		$	6.20		$	5.61
Net income available to RenaissanceRe common shareholders per common share – diluted	$	3.22		$	1.59		$	6.16		$	5.56

(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.