XML 29 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share
 9 Months Ended
Sep. 30, 2018
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
 
 
(common shares in thousands)
September 30,
2018
 
September 30,
2017
 
September 30,
2018
 
September 30,
2017
 
 
Numerator:
 
 
 
 
 
 
 
 
 
Net income (loss) available (attributable) to RenaissanceRe common shareholders
$
32,681

 
$
(504,812
)
 
$
281,182

 
$
(241,318
)
 
 
Amount allocated to participating common shareholders (1)
(294
)
 
(116
)
 
(2,977
)
 
(344
)
 
 
Net income (loss) allocated to RenaissanceRe common shareholders
$
32,387

 
$
(504,928
)
 
$
278,205

 
$
(241,662
)
 
 
Denominator:
 
 
 
 
 
 
 
 
 
Denominator for basic income per RenaissanceRe common share - weighted average common shares
39,624

 
39,591

 
39,606

 
39,979

 
 
Per common share equivalents of employee stock options and restricted shares
13

 
—

 
21

 
—

 
 
Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions
39,637

 
39,591

 
39,627

 
39,979

 
 
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic
$
0.82

 
$
(12.75
)
 
$
7.02

 
$
(6.04
)
 
 
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted
$
0.82

 
$
(12.75
)
 
$
7.02

 
$
(6.04
)
 
 
 
 
 
 
 
 
 
 
 

(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.