Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

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, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Numerator:
Net income available to RenaissanceRe common shareholders	$	47,799	$	36,698	$	541,670	$	678,269
Amount allocated to participating common shareholders (1)	(582)		(446)		(6,677)		(8,074)
Net income allocated to RenaissanceRe common shareholders	$	47,217	$	36,252	$	534,993	$	670,195
Denominator:
Denominator for basic income per RenaissanceRe common share - weighted average common shares	50,009		43,462		46,130		43,003
Per common share equivalents of employee stock options and non-vested shares	85		75		70		46
Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions	50,094		43,537		46,200		43,049
Net income available to RenaissanceRe common shareholders per common share – basic	$	0.94	$	0.83	$	11.60	$	15.58
Net income available to RenaissanceRe common shareholders per common share – diluted	$	0.94	$	0.83	$	11.58	$	15.57

(1)Represents earnings and dividends attributable to holders of unvested shares issued pursuant to the Company's stock compensation plans.