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H.S. junior Bad
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Removed:
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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 | ||||||