EX-11.1 3 dex111.htm STATEMENTS REGARDING COMPUTATION OF NET INCOME Statements Regarding Computation of Net Income

 

 

Exhibit 11.1

 

PartnerRe Ltd.

Computation of Net Income per Common and Common Equivalent Share

For the Three Months Ended March 31, 2002

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

 

 

    

For the Three Months Ended

March 31, 2003

   

For the Three Months Ended

March 31, 2002

    

Income

(Numerator)

   

Shares

(Denominator)

   

Per-Share

Amount

   

Income

(Numerator)

   

Shares

(Denominator)

   

Per-Share

Amount

Net Income

   

$

124,632

               

$

63,255

            

Less: Preferred stock dividends

   

 

5,000

               

 

5,000

            
    
              
           

Net Income available to common shareholders/ Basic Net Income Per Share

   

 

119,632

   

52,403.2

   

$

2.28

   

 

58,255

   

50,202.6

   

$

1.16

    
  
  
  
  
  

Effect of Dilutive Securities:

                                      

Class B Warrants

          

898.6

                 

918.9

       

Stock Options

          

436.8

                 

566.0

       
           
                
      

Net income available to common shareholders/Diluted Net Income Per Share

   

$

119,632

   

53,738.6

   

$

2.23

   

$

58,255

   

51,687.5

   

$

1.13

    
  
  
  
  
  

 

 

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