XML 69 R48.htm IDEA: XBRL DOCUMENT v3.3.1.900
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share:
 
 
 
 
 
 
 
 
 
Year ended December 31,
2015
 
2014
 
2013
 
 
(thousands of shares)
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income available to RenaissanceRe common shareholders
$
408,811

 
$
510,337

 
$
665,676

 
 
Amount allocated to participating common shareholders (1)
(4,721
)
 
(6,760
)
 
(9,520
)
 
 
Net income allocated to RenaissanceRe common shareholders
$
404,090

 
$
503,577

 
$
656,156

 
 
Denominator:
 
 
 
 
 
 
 
Denominator for basic income per RenaissanceRe common share - weighted average common shares
43,157

 
39,425

 
43,349

 
 
Per common share equivalents of employee stock options and restricted shares
369

 
543

 
779

 
 
Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions
43,526

 
39,968

 
44,128

 
 
Basic income per RenaissanceRe common share
$
9.36

 
$
12.77

 
$
15.14

 
 
Diluted income per RenaissanceRe common share
$
9.28

 
$
12.60

 
$
14.87

 
 
 
 
 
 
 


 
(1)
Represents earnings attributable to holders of unvested restricted shares issued under the Company’s 2001 Stock Incentive Plan and the Non-Employee Director Stock Incentive Plan.