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 | ||||||