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Earnings Per Share
 9 Months Ended
Sep. 30, 2017
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
 
Nine months ended
 
 
(common shares in thousands)
September 30,
2017
 
September 30,
2016
 
September 30,
2017
 
September 30,
2016
 
 
Numerator:
 
 
 
 
 
 
 
 
 
Net (loss) income (attributable) available to RenaissanceRe common shareholders
$
(504,812
)
 
$
146,825

 
$
(241,318
)
 
$
411,145

 
 
Amount allocated to participating common shareholders (1)
(116
)
 
(1,770
)
 
(344
)
 
(4,939
)
 
 
Net (loss) income allocated to RenaissanceRe common shareholders
$
(504,928
)
 
$
145,055

 
$
(241,662
)
 
$
406,206

 
 
Denominator:
 
 
 
 
 
 
 
 
 
Denominator for basic (loss) income per RenaissanceRe common share - weighted average common shares
39,591

 
40,513

 
39,979

 
41,594

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

 
220

 
—

 
248

 
 
Denominator for diluted (loss) income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions
39,591

 
40,733

 
39,979

 
41,842

 
 
Net (loss) income (attributable) available to RenaissanceRe common shareholders per common share – basic
$
(12.75
)
 
$
3.58

 
$
(6.04
)
 
$
9.77

 
 
Net (loss) income (attributable) available to RenaissanceRe common shareholders per common share – diluted
$
(12.75
)
 
$
3.56

 
$
(6.04
)
 
$
9.71

 
 
 
 
 
 
 
 
 
 
 

(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.