EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

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, 2024		September 30, 2023		September 30, 2024		September 30, 2023
Numerator:
Net income (loss) available (attributable) to RenaissanceRe common shareholders	$	1,173,644	$	193,988	$	2,033,488	$	949,075
Amount allocated to participating common shareholders (1)	(17,850)		(2,637)		(30,042)		(14,108)
Net income (loss) allocated to RenaissanceRe common shareholders	$	1,155,794	$	191,351	$	2,003,446	$	934,967
Denominator:
Denominator for basic income (loss) per RenaissanceRe common share - weighted average common shares (2)	50,959		50,261		51,439		46,345
Per common share equivalents of non-vested shares (2)	145		97		143		106
Denominator for diluted income (loss) per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions (2)	51,104		50,358		51,582		46,451
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic	$	22.68	$	3.81	$	38.95	$	20.17
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted	$	22.62	$	3.80	$	38.84	$	20.13

(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.