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Earnings (loss) per share available to Third Point Re common shareholders
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings (loss) per share available to Third Point Re common shareholders
The following sets forth the computation of basic and diluted earnings (loss) per share available to Third Point Re common shareholders for the years ended December 31, 2019, 2018 and 2017:
 
 
2019
 
2018
 
2017
Weighted-average number of common shares outstanding:
($ in thousands, except share and per share amounts)
 
Basic number of common shares outstanding
91,835,990

 
97,054,315

 
102,264,094

 
Dilutive effect of options
125,530

 
—

 
1,392,384

 
Dilutive effect of warrants
91,884

 
—

 
1,270,957

 
Dilutive effect of restricted shares with service and performance condition
598,912

 
—

 
299,603

 
Diluted number of common shares outstanding
92,652,316

 
97,054,315

 
105,227,038

Basic earnings (loss) per common share:
 
 
 
 
 
 
Net income (loss) available to Third Point Re common shareholders
$
200,619

 
$
(317,692
)
 
$
277,798

 
Net income allocated to Third Point Re participating common shareholders
(643
)
 
—

 
(263
)
 
Net income (loss) allocated to Third Point Re common shareholders
$
199,976

 
$
(317,692
)
 
$
277,535

 
Basic earnings (loss) per share available to Third Point Re common shareholders
$
2.18

 
$
(3.27
)
 
$
2.71

Diluted earnings (loss) per common share:
 
 
 
 
 
 
Net income (loss) available to Third Point Re common shareholders
$
200,619

 
$
(317,692
)
 
$
277,798

 
Net income allocated to Third Point Re participating common shareholders
(637
)
 
—

 
(256
)
 
Net income (loss) allocated to Third Point Re common shareholders
$
199,982

 
$
(317,692
)
 
$
277,542

 
Diluted earnings (loss) per share available to Third Point Re common shareholders
$
2.16

 
$
(3.27
)
 
$
2.64


For the years ended December 31, 2019 and 2017, anti-dilutive options of 3,719,404 and 4,056,588, respectively, were excluded from the computation of diluted earnings per share.
As a result of the net loss for the year ended December 31, 2018, dilutive options, warrants and restricted shares with service and performance conditions totaling 9,820,795 were considered anti-dilutive and were excluded from the computation of diluted loss per common share. No allocation of the net loss has been made to participating shares in the calculation of diluted net loss per common share.