Exhibit 11.1
PartnerRe Ltd.
Computation of Net Income per Common and Common Share Equivalents
For the Nine Months and Three Months Ended September 30, 2007 and 2006
(in thousands of U.S. dollars or shares, except per share amounts)
For the Nine months ended September 30, 2007 | For the Nine months ended September 30, 2006 | |||||||||||||||
| Income (Numerator) | Shares (Denominator) | Per Share Amount | Income (Numerator) | Shares (Denominator) | Per Share Amount | |||||||||||
Net income | $ | 537,209 | $ | 506,614 | ||||||||||||
Less: preferred dividends | 25,894 | 25,894 | ||||||||||||||
Net income available to common shareholders/Weighted average number of common shares outstanding/Basic net income per share | $ | 511,315 | 56,512.7 | $ | 9.05 | $ | 480,720 | 56,769.9 | $ | 8.47 | ||||||
Effect of dilutive securities: | ||||||||||||||||
Stock options and other | 1,376.1 | 916.2 | ||||||||||||||
Net income available to common shareholders/Weighted average number of common and common share equivalents outstanding/Diluted net income per share | $ | 511,315 | 57,888.8 | $ | 8.83 | $ | 480,720 | 57,686.1 | $ | 8.33 | ||||||
For the Three Months Ended September 30, 2007 | For the Three Months Ended September 30, 2006 | |||||||||||||||
| Income (Numerator) | Shares (Denominator) | Per Share Amount | Income (Numerator) | Shares (Denominator) | Per Share Amount | |||||||||||
Net income | $ | 262,921 | $ | 235,841 | ||||||||||||
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 | $ | 254,290 | 55,906.6 | $ | 4.55 | $ | 227,210 | 56,811.7 | $ | 4.00 | ||||||
Effect of dilutive securities: | ||||||||||||||||
Stock options and other | 1,422.6 | 988.9 | ||||||||||||||
Net income available to common shareholders/Weighted average number of common and common share equivalents outstanding/Diluted net income per share | $ | 254,290 | 57,329.2 | $ | 4.44 | $ | 227,210 | 57,800.6 | $ | 3.93 | ||||||