v2.3.0.15

Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2011
Earnings Per Share |
Computation Of Basic And Diluted Earnings Per Common Share |
Three months ended September 30, |  | 2011 |  |  | 2010 |
(in thousands of U.S. dollars, except per share data) |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |
Net income available to RenaissanceRe common shareholders |  | $ | 49,263 |  |  | $ | 204,750 |
Amount allocated to participating common shareholders (1) |  |  | (911 | ) |  |  | (5,147 | )
|  | $ | 48,352 |  |  | $ | 199,603 |
Denominator (in thousands): |  |  |  |  |  |  |  |
Denominator for basic income per RenaissanceRe common share - |  |  |  |  |  |  |  |
Weighted average common shares |  |  | 50,501 |  |  |  | 53,467 |
Per common share equivalents of employee stock options and restricted shares |  |  | 472 |  |  |  | 498 |
Denominator for diluted income per RenaissanceRe common share - |  |  |  |  |  |  |  |
Adjusted weighted average common shares and assumed conversions |  |  | 50,973 |  |  |  | 53,965 |
Basic income per RenaissanceRe common share |  | $ | 0.96 |  |  | $ | 3.73 |
Diluted income per RenaissanceRe common share |  | $ | 0.95 |  |  | $ | 3.70 |
(1) | Represents earnings attributable to holders of unvested restricted shares issued under the Company's 2001 Stock Incentive Plan and Non-Employee Director Stock Incentive Plan.
Nine months ended September 30, |  | 2011 |  |  | 2010 |
(in thousands of U.S. dollars, except per share data) |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |
Net (loss) income (attributable) available to RenaissanceRe common shareholders |  |  | $(174,006) |  |  | $ | 580,038 |
Amount allocated to participating common shareholders (1) |  |  | (761 | ) |  |  | (14,639 | )
|  | $ | (174,767 | ) |  | $ | 565,399 |
Denominator (in thousands): |  |  |  |  |  |  |  |
Denominator for basic (loss) income per RenaissanceRe common share - |  |  |  |  |  |  |  |
Weighted average common shares |  |  | 50,830 |  |  |  | 55,804 |
Per common share equivalents of employee stock options and restricted shares |  |  | — |  |  |  | 495 |
Denominator for diluted (loss) income per RenaissanceRe common share - |  |  |  |  |  |  |  |
Adjusted weighted average common shares and assumed conversions (2) |  |  | 50,830 |  |  |  | 56,299 |
Basic (loss) income per RenaissanceRe common share |  | $ | (3.44 | ) |  | $ | 10.13 |
Diluted (loss) income per RenaissanceRe common share (2) |  | $ | (3.44 | ) |  | $ | 10.04 |
(1) | Represents earnings attributable to holders of unvested restricted shares issued under the Company's 2001 Stock Incentive Plan and Non-Employee Director Stock Incentive Plan.
(2) | Earnings per share calculations use average common shares outstanding - basic, when in a net loss position, as required by the FASB ASC Topic Earnings Per Share.

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