XL Group (XL) Tops Q2 EPS by 4c

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Go back to XL Group (XL) Tops Q2 EPS by 4c

XL Group plc Announces Second Quarter 2015 Results

August 3, 2015 4:05 PM EDT

DUBLIN, Ireland, Aug. 3, 2015 /PRNewswire/ -- 

Operating net income1 of $245.8 million, or $0.84 per share, for the quarter on a fully diluted basis Net income attributable to ordinary shareholders and net income attributable to ordinary shareholders excluding the impact of the Life Retrocession Arrangements2 of $915.0 million and $598.0 million, respectively, for the quarter.   As a result of the Life Retrocession Arrangements,  XL's net income is impacted by the gains or losses on the Life Funds Withheld Assets2, with an  equal and opposite accounting adjustment in XL's comprehensive income such that... More