The following table sets forth the computation of basic and diluted earnings per common share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, | 2020 | | 2019 | | 2018 | | | (common shares in thousands) | | | | | | | | Numerator: | | | | | | | | Net income available to RenaissanceRe common shareholders | $ | 731,482 | | | $ | 712,042 | | | $ | 197,276 | | | | Amount allocated to participating common shareholders (1) | (8,968) | | | (8,545) | | | (2,121) | | | | Net income allocated to RenaissanceRe common shareholders | $ | 722,514 | | | $ | 703,497 | | | $ | 195,155 | | | | Denominator: | | | | | | | | Denominator for basic income per RenaissanceRe common share - weighted average common shares | 47,103 | | | 43,119 | | | 39,732 | | | | Per common share equivalents of non-vested shares | 75 | | | 56 | | | 23 | | | | Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions | 47,178 | | | 43,175 | | | 39,755 | | | | Net income available to RenaissanceRe common shareholders per common share – basic | $ | 15.34 | | | $ | 16.32 | | | $ | 4.91 | | | | Net income available to RenaissanceRe common shareholders per common share – diluted | $ | 15.31 | | | $ | 16.29 | | | $ | 4.91 | | | | | | | | | | |
(1)Represents earnings and dividends attributable to holders of unvested shares issued pursuant to the Company's stock compensation plans.
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