EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

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, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Numerator:
Net income (loss) available (attributable) to RenaissanceRe common shareholders	$	(825,344)	$	(450,222)	$	(1,544,670)	$	(284,338)
Amount allocated to participating common shareholders (1)	(306)		(229)		(813)		(485)
Net income (loss) allocated to RenaissanceRe common shareholders	$	(825,650)	$	(450,451)	$	(1,545,483)	$	(284,823)
Denominator:
Denominator for basic income (loss) per RenaissanceRe common share - weighted average common shares (2)	42,837		46,223		43,121		47,988
Per common share equivalents of non-vested shares (2)	—		—		—		—
Denominator for diluted income (loss) per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions (2)	42,837		46,223		43,121		47,988
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic	$	(19.27)	$	(9.75)	$	(35.84)	$	(5.94)
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted	$	(19.27)	$	(9.75)	$	(35.84)	$	(5.94)

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

(2)In periods for which the Company has net loss allocated to RenaissanceRe common shareholders, the denominator used in calculating net loss attributable to RenaissanceRe common shareholders per common share - basic is also used in calculating net loss attributable to RenaissanceRe common shareholders per common share - diluted. For the three and nine months ended September 30, 2022, per common share equivalents of non-vested shares of 94 thousand and 81 thousand, respectively, could potentially be dilutive in future periods if the Company reports net income allocated to RenaissanceRe common shareholders.