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Earnings Per Share | 6 Months Ended
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Jun. 30, 2014
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 June 30, |  | Six months ended June 30, |
| (thousands of shares) | 2014 |  | 2013 |  | 2014 |  | 2013 |
| Numerator: |  |  |  |  |  |  |  |
| Net income available to RenaissanceRe common shareholders | $ | 120,752 |  |  | $ | 26,806 |  |  | $ | 271,755 |  |  | $ | 217,280 |  |
| Amount allocated to participating common shareholders (1) | (1,557 | ) |  | (376 | ) |  | (3,577 | ) |  | (3,174 | ) |
| Net income allocated to RenaissanceRe common shareholders | $ | 119,195 |  |  | $ | 26,430 |  |  | $ | 268,178 |  |  | $ | 214,106 |  |
| Denominator: |  |  |  |  |  |  |  |
| Denominator for basic income per RenaissanceRe common share - weighted average common shares | 39,736 |  |  | 43,372 |  |  | 40,487 |  |  | 43,453 |  |
| Per common share equivalents of employee stock options and restricted shares | 659 |  |  | 871 |  |  | 662 |  |  | 850 |  |
| Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions | 40,395 |  |  | 44,243 |  |  | 41,149 |  |  | 44,303 |  |
| Net income available to RenaissanceRe common shareholders per common share – basic | $ | 3.00 |  |  | $ | 0.61 |  |  | $ | 6.62 |  |  | $ | 4.93 |  |
| Net income available to RenaissanceRe common shareholders per common share – diluted | $ | 2.95 |  |  | $ | 0.60 |  |  | $ | 6.52 |  |  | $ | 4.83 |  |
(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.

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