Exhibit 11.1

PartnerRe Ltd.

Computation of Net Income per Common and Common Equivalent Share

For the Six Months Ended June 30, 2002 and 2001

(Expressed in thousands of U.S. dollars, except per-share amounts)

	For the Six Months Ended June 30, 2002					For the Six Months Ended June 30, 200l
	Income		Shares	Per-Share		Income		Shares	Per-Share
	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Net Income	$	129,844				$	149,100
Less: Preferred stock dividends		10,000					10,000
Net Income available to common shareholders/ Basic Net Income Per Share		119,844	50,283.6	$	2.38		139,100	50,127.4	$	2.77
Effect of Dilutive Securities:
Class B Warrants			916.2					908.3
Stock Options			539.3					566.0
Net income available to common shareholders/ Diluted Net Income Per Share	$	119,844	51,739.1	$	2.32	$	139,100	51,601.7	$	2.70

PartnerRe Ltd.

Computation of Net Income per Common and Common Equivalent Share

For the Three Months Ended June 30, 2002 and 2001

(Expressed in thousands of U.S. dollars, except per-share amounts)

	For the Three Months Ended June 30, 2002					For the Three Months Ended June 30, 200l
	Income		Shares	Per-Share		Income		Shares	Per-Share
	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Net Income	$	66,589				$	53,154
Less: Preferred stock dividends		5,000					5,000
Net Income available to common shareholders/ Basic Net Income Per Share		61,589	50,280.5	$	1.22		48,154	50,134.8	$	0.96
Effect of Dilutive Securities:
Class B Warrants			913.3					915.2
Stock Options			512.6					601.3
Net income available to common shareholders/Diluted Net Income Per Share	$	61,589	51,706.4	$	1.19	$	48,154	51,651.3	$	0.93