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Earnings Per Share | 9 Months Ended
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Sep. 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 |  | Nine months ended |
| (thousands of shares) | September 30, 2014 |  | September 30, 2013 |  | September 30, 2014 |  | September 30, 2013 |
| Numerator: |  |  |  |  |  |  |  |
| Net income available to RenaissanceRe common shareholders | $ | 67,815 |  |  | $ | 179,740 |  |  | $ | 339,570 |  |  | $ | 397,020 |  |
| Amount allocated to participating common shareholders (1) | (904 | ) |  | (2,539 | ) |  | (4,466 | ) |  | (5,740 | ) |
| Net income allocated to RenaissanceRe common shareholders | $ | 66,911 |  |  | $ | 177,201 |  |  | $ | 335,104 |  |  | $ | 391,280 |  |
| Denominator: |  |  |  |  |  |  |  |
| Denominator for basic income per RenaissanceRe common share - weighted average common shares | 38,975 |  |  | 43,330 |  |  | 39,983 |  |  | 43,412 |  |
| Per common share equivalents of employee stock options and restricted shares | 458 |  |  | 805 |  |  | 595 |  |  | 835 |  |
| Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions | 39,433 |  |  | 44,135 |  |  | 40,578 |  |  | 44,247 |  |
| Net income available to RenaissanceRe common shareholders per common share – basic | $ | 1.72 |  |  | $ | 4.09 |  |  | $ | 8.38 |  |  | $ | 9.01 |  |
| Net income available to RenaissanceRe common shareholders per common share – diluted | $ | 1.70 |  |  | $ | 4.01 |  |  | $ | 8.26 |  |  | $ | 8.84 |  |
(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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