Exhibit 11.1
PartnerRe Ltd.
Computation of Net Income per Common and Common Share Equivalents
For the Six Months and Three Months Ended June 30, 2006 and 2005
(in thousands of U.S. dollars, except per share amounts)
For the six months ended June 30, 2006 | For the six months ended June 30, 2005 | |||||||||||||||
Income (Numerator) | Shares (Denominator) | Per Share Amount | Income (Numerator) | Shares (Denominator) | Per Share Amount | |||||||||||
Net income | $ | 270,774 | $ | 271,324 | ||||||||||||
Less: preferred dividends | 17,263 | 17,263 | ||||||||||||||
Net income available to common shareholders/Weighted average number of common shares outstanding/Basic net income per share | $ | 253,511 | 56,748.6 | $ | 4.47 | $ | 254,061 | 54,873.6 | $ | 4.63 | ||||||
Effect of dilutive securities: Stock options and other | 880.0 | 890.9 | ||||||||||||||
Net income available to common shareholders/Weighted average number of common and common share equivalents outstanding/Diluted net income per share | $ | 253,511 | 57,628.6 | $ | 4.40 | $ | 254,061 | 55,764.5 | $ | 4.56 |
For the three months ended June 30, 2006 | For the three months ended June 30, 2005 | |||||||||||||||
Income (Numerator) | Shares (Denominator) | Per Share Amount | Income (Numerator) | Shares (Denominator) | Per Share Amount | |||||||||||
Net income | $ | 77,531 | $ | 159,909 | ||||||||||||
Less: preferred dividends | 8,631 | 8,631 | ||||||||||||||
Net income available to common shareholders/Weighted average number of common shares outstanding/Basic net income per share | $ | 68,900 | 56,763.5 | $ | 1.21 | $ | 151,278 | 54,791.5 | $ | 2.76 | ||||||
Effect of dilutive securities: Stock options and other | 892.5 | 907.2 | ||||||||||||||
Net income available to common shareholders/Weighted average number of common and common share equivalents outstanding/Diluted net income per share | $ | 68,900 | 57,656.0 | $ | 1.20 | $ | 151,278 | 55,698.7 | $ | 2.72 |