EX-11.1 2 dex111.htm COMPUTATION OF NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE Computation of Net Income per Common and Common Equivalent Share

Exhibit 11.1

 

PartnerRe Ltd.

Computation of Net Income per Common and Common Equivalent Share

For the Three Months Ended March 31, 2004 and 2003

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

 

     For the Three Months Ended
March 31, 2004
    For the Three Months Ended
March 31, 2003
     Income
(Numerator)
    Shares
(Denominator)
   

Per-Share

Amount

    Income
(Numerator)
    Shares
(Denominator)
   

Per-Share

Amount

Net Income

    $ 145,644                $ 124,369            

Less: preferred dividends

      4,894                  5,000            
    
              
           

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

      140,750    53,781.1    $ 2.62      119,369    52,403.2    $ 2.28
    
  
  
  
  
  

Effect of Dilutive Securities:

                                      

Class B Warrants

           —                    898.6       

Stock Options

           589.0                  436.8       
           
                
      

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

    $ 140,750    54,370.1    $ 2.59    $ 119,369    53,738.6    $ 2.22