EX-11.1 3 dex111.txt STATEMENTS RE COMPUTATION OF NET INCOME Exhibit 11.1 PartnerRe Ltd. Computation of Net Income per Common and Common Equivalent Share For the Nine Months Ended September 30,200l and 2000 (Expressed in thousands of U.S. dollars, except per share amounts)
For the Nine Months Ended September 30, 200l ---------------------------------------------- Income Shares Per-Share (Numerator) (Denominator) Amount Net income ($189,431) Less: Preferred stock dividends 15,000 ------------ Basic Net Income Per Share Net income available to common shareholders (204,431) 50,137.6 ($4.08) =========== Effect of Dilutive Securities:(1) For the Nine Months Ended September 30, 200O ----------------------------------------------- Income Shares Per-Share (Numerator) (Denominator) Amount Net income $ 125,717 Less: Preferred stock dividends 15,000 ------------ Basic Net Income Per Share Net income available to common shareholders 110,717 49,194.0 $ 2.25 =========== Effect of Dilutive Securities: Class A and B Warrants 840.1 Stock Options 496.8 ------------ ------------ Diluted Net Income Per Share Net income available to common shareholders $ 110,717 50,530.9 $ 2.19 ============ ============ ===========
(1) Diluted net income per share has not been shown for the 2001 period because the effect of dilutive securities would have been anti-dilutive. The weighted average number of common and common equivalent shares outstanding for the period amounted to 51,516.8 thousand shares after the dilutive effect of Class A and B warrants, and stock options of 900.4 thousand and 535.5 thousand, respectively. Exhibit 11.1 PartnerRe Ltd. Computation of Net Income per Common and Common Equivalent Share For the Three Months Ended September 30, 200l and 2000 (Expressed in thousands of U.S. dollars, except per share amounts)
For the Three Months Ended September 30, 200l For the Three Months Ended September 30, 2000 --------------------------------------------- --------------------------------------------- Income Shares Per-Share Income Shares Per-Share (Numerator) Denominator) Amount (Numerator) (Denominator) Amount ------------ -------------- ----------- ------------- -------------- ------------- Net income ($338,531) $ 50,880 Less: Preferred stock dividends 5,000 5,000 ------------ ------------- Basic Net Income Per Share Net income available to common shareholders (343,531) 50,157.7 ($6.85) 45,880 49,229.1 $ 0.93 =========== ============ Effect of Dilutive Securities:(1) Class A and B Warrants 928.8 Stock Options 626.4 ------------- -------------- Diluted Net Income Per Share Net income available to common shareholders $ 45,880 50,784.3 $ 0.90 ============= ============== ============
(1) Diluted net income per share has not been shown for the 2001 period because the effect of dilutive securities would have been anti-dilutive. The weighted average number of common and common equivalent shares outstanding for the period amounted to 51,516.8 thousand shares after the dilutive effect of Class A and B warrants, and stock options of 884.6 thousand and 474.5 thousand, respectively.