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Earnings Per Share
 3 Months Ended
Mar. 31, 2016
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
 
 
(thousands of shares)
March 31,
2016
 
March 31,
2015
 
 
Numerator:
 
 
 
 
 
Net income available to RenaissanceRe common shareholders
$
127,995

 
$
167,843

 
 
Amount allocated to participating common shareholders (1)
(1,601
)
 
(2,025
)
 
 
Net income allocated to RenaissanceRe common shareholders
$
126,394

 
$
165,818

 
 
Denominator:
 
 
 
 
 
Denominator for basic income per RenaissanceRe common share - weighted average common shares
42,577

 
39,631

 
 
Per common share equivalents of employee stock options and restricted shares
335

 
390

 
 
Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions
42,912

 
40,021

 
 
Net income available to RenaissanceRe common shareholders per common share – basic
$
2.97

 
$
4.18

 
 
Net income available to RenaissanceRe common shareholders per common share – diluted
$
2.95

 
$
4.14

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