EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per common share:




	Three months ended						Six months ended
(common shares in thousands)	June 30, 2017			June 30, 2016			June 30, 2017			June 30, 2016
Numerator:
Net income available to RenaissanceRe common shareholders	$	171,142		$	136,325		$	263,494		$	264,320
Amount allocated to participating common shareholders (1)	(1,585		)	(1,561		)	(2,526		)	(3,166		)
Net income allocated to RenaissanceRe common shareholders	$	169,557		$	134,764		$	260,968		$	261,154
Denominator:
Denominator for basic income per RenaissanceRe common share - weighted average common shares	39,937			41,693			40,172			42,135
Per common share equivalents of employee stock options and restricted shares	87			192			152			263
Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions	40,024			41,885			40,324			42,398
Net income available to RenaissanceRe common shareholders per common share – basic	$	4.25		$	3.23		$	6.50		$	6.20
Net income available to RenaissanceRe common shareholders per common share – diluted	$	4.24		$	3.22		$	6.47		$	6.16


(1)	Represents earnings attributable to holders of unvested restricted shares issued pursuant to the Company’s 2001 Stock Incentive Plan, 2010 Performance-Based Equity Incentive Plan, 2016 Long-Term Incentive Plan and to the Company’s non-employee directors.