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Earnings Per Share
 9 Months Ended
Sep. 30, 2015
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,
2015
 
September 30,
2014
 
September 30,
2015
 
September 30,
2014
 
 
Numerator:
 
 
 
 
 
 
 
 
 
Net income available to RenaissanceRe common shareholders
$
75,529

 
$
67,815

 
$
316,605

 
$
339,570

 
 
Amount allocated to participating common shareholders (1)
(867
)
 
(904
)
 
(3,642
)
 
(4,466
)
 
 
Net income allocated to RenaissanceRe common shareholders
$
74,662

 
$
66,911

 
$
312,963

 
$
335,104

 
 
Denominator:
 
 
 
 
 
 
 
 
 
Denominator for basic income per RenaissanceRe common share - weighted average common shares
44,564

 
38,975

 
43,166

 
39,983

 
 
Per common share equivalents of employee stock options and restricted shares
349

 
458

 
365

 
595

 
 
Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions
44,913

 
39,433

 
43,531

 
40,578

 
 
Net income available to RenaissanceRe common shareholders per common share – basic
$
1.68

 
$
1.72

 
$
7.25

 
$
8.38

 
 
Net income available to RenaissanceRe common shareholders per common share – diluted
$
1.66

 
$
1.70

 
$
7.19

 
$
8.26

 
 
 
 
 
 
 
 
 
 
 
(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.