Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

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:




	Three months ended						Nine months ended
(common shares in thousands)	September 30, 2019			September 30, 2018			September 30, 2019			September 30, 2018
Numerator:
Net income available to RenaissanceRe common shareholders	$	36,698		$	32,681		$	678,269		$	281,182
Amount allocated to participating common shareholders (1)	(446		)	(294		)	(8,074		)	(2,977		)
Net income allocated to RenaissanceRe common shareholders	$	36,252		$	32,387		$	670,195		$	278,205
Denominator:
Denominator for basic income per RenaissanceRe common share - weighted average common shares	43,462			39,624			43,003			39,606
Per common share equivalents of employee stock options and non-vested shares	75			13			46			21
Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions	43,537			39,637			43,049			39,627
Net income available to RenaissanceRe common shareholders per common share – basic	$	0.83		$	0.82		$	15.58		$	7.02
Net income available to RenaissanceRe common shareholders per common share – diluted	$	0.83		$	0.82		$	15.57		$	7.02

(1)

Represents earnings attributable to holders of non-vested shares issued pursuant to the Company’s 2001 Stock Incentive Plan, 2016 Long-Term Incentive Plan and to the Company’s non-employee directors.