Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2015

The reconciliation of basic and diluted net income per share and dividends declared per common share for the years ended December 31, 2015, 2014 and 2013 is as follows (in thousands of U.S. dollars, except share and per share data):



	2015		2014		2013
Numerator:
Net income attributable to PartnerRe Ltd.	$	104,381	$	1,054,974	$	664,008
Less: preferred dividends	56,735		56,735		57,861
Less: loss on redemption of preferred shares	—		—		9,135
Net income attributable to PartnerRe Ltd. common shareholders	$	47,646	$	998,239	$	597,012
Denominator:
Weighted number of common shares outstanding – basic	47,771,673		50,019,480		55,378,980
Share options and other ⁽¹⁾	1,168,197		1,154,745		1,069,125
Weighted average number of common shares and common share equivalents outstanding – diluted	48,939,870		51,174,225		56,448,105
Basic net income per share	$	1.00	$	19.96	$	10.78
Diluted net income per share ⁽¹⁾	$	0.97	$	19.51	$	10.58
Dividends declared per common share	$	2.80	$	2.68	$	2.56
Anti-dilutive common shares excluded from weighted average number of common shares and common share equivalents outstanding - diluted ⁽¹⁾	49,411		127,329		14,784


(1)	Where the exercise price of share based awards is greater than the average market price of the common shares, the common shares are considered anti-dilutive and are excluded from the calculation of weighted average number of common shares and common share equivalents outstanding - diluted.