XML 95 R83.htm IDEA: XBRL DOCUMENT v3.7.0.1
Guarantor Financial Information Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
Dec. 31, 2015
ASSETS        
Total investments available for sale $ 32,006,452 $ 31,919,126    
Total investments trading 1,700,862 1,626,577    
Investments in affiliates 2,172,611 2,177,645    
Other investments 1,150,492 1,164,564    
Investments 37,030,417 36,887,912    
Cash and cash equivalents 3,352,651 3,426,988 $ 2,820,897 $ 3,256,236
Restricted cash 160,523 153,504    
Investments in subsidiaries 0 0    
Accrued investment income 262,237 284,366    
Deferred acquisition costs and value of business acquired 1,161,159 946,721    
Ceded unearned premiums 2,501,294 1,687,864    
Premiums receivable 6,746,116 5,522,976    
Reinsurance balances receivable 641,720 577,479    
Unpaid losses and loss expenses recoverable 5,685,623 5,491,297    
Receivable from investments sold 95,344 128,411    
Goodwill and other intangible assets 2,208,612 2,203,653    
Deferred tax asset 302,301 310,542    
Amounts due from subsidiaries/parent 0 0    
Other assets 876,622 812,389    
Total assets 61,024,619 58,434,102    
Liabilities:        
Unpaid losses and loss expenses 26,445,124 25,939,571 25,913,484 25,439,744
Deposit liabilities 1,121,194 1,116,233    
Future policy benefit reserves 3,520,069 3,506,047    
Funds withheld on GreyCastle life retrocession arrangements 954,327 998,968    
Unearned premiums 8,581,973 7,293,028    
Notes payable and debt 2,648,353 2,647,677    
Reinsurance balances payable 3,325,748 2,451,717    
Payable for investments purchased 211,880 226,009    
Deferred tax liability 89,862 77,271    
Amounts due to subsidiaries/parent 0 0    
Other liabilities 1,125,463 1,216,902    
Total liabilities 48,023,993 45,473,423    
Shareholders' Equity:        
Shareholders' equity attributable to XL Group Ltd 10,974,884 10,938,512    
Non-controlling interest in equity of consolidated subsidiaries 2,025,742 2,022,167    
Total shareholders' equity 13,000,626 12,960,679 13,667,718  
Total liabilities and shareholders' equity 61,024,619 58,434,102    
Consolidating Adjustments and Eliminations        
ASSETS        
Total investments available for sale 0 0    
Total investments trading 0 0    
Investments in affiliates 0 0    
Other investments 0 0    
Investments 0 0    
Cash and cash equivalents 0 0 0 0
Restricted cash 0 0    
Investments in subsidiaries (25,402,002) (25,135,893)    
Accrued investment income (74) (55)    
Deferred acquisition costs and value of business acquired 0 0    
Ceded unearned premiums 0 0    
Premiums receivable 0 0    
Reinsurance balances receivable 0 0    
Unpaid losses and loss expenses recoverable 0 0    
Receivable from investments sold 0 0    
Goodwill and other intangible assets 0 0    
Deferred tax asset 0 0    
Amounts due from subsidiaries/parent (388,348) (115,742)    
Other assets 0 0    
Total assets (25,790,424) (25,251,690)    
Liabilities:        
Unpaid losses and loss expenses 0 0    
Deposit liabilities 0 0    
Future policy benefit reserves 0 0    
Funds withheld on GreyCastle life retrocession arrangements 0 0    
Unearned premiums 0 0    
Notes payable and debt 0 0    
Reinsurance balances payable 0 0    
Payable for investments purchased 0 0    
Deferred tax liability 0 0    
Amounts due to subsidiaries/parent (388,348) (115,742)    
Other liabilities 0 0    
Total liabilities (388,348) (115,742)    
Shareholders' Equity:        
Shareholders' equity attributable to XL Group Ltd (25,396,502) (25,135,893)    
Non-controlling interest in equity of consolidated subsidiaries (5,574) (55)    
Total shareholders' equity (25,402,076) (25,135,948)    
Total liabilities and shareholders' equity (25,790,424) (25,251,690)    
XL- Bermuda/Ireland        
ASSETS        
Total investments available for sale [1] 0 0    
Total investments trading [1] 0 0    
Investments in affiliates [1] 0 0    
Other investments [1] 0 0    
Investments [1] 0 0    
Cash and cash equivalents 1,080 [1] 1,022 [1] 8,681 11,557
Restricted cash [1] 0 0    
Investments in subsidiaries [1] 11,195,738 [2] 10,897,195    
Accrued investment income [1] 74 55    
Deferred acquisition costs and value of business acquired [1] 0 0    
Ceded unearned premiums [1] 0 0    
Premiums receivable [1] 0 0    
Reinsurance balances receivable [1] 0 0    
Unpaid losses and loss expenses recoverable [1] 0 0    
Receivable from investments sold [1] 0 0    
Goodwill and other intangible assets [1] 0 0    
Deferred tax asset [1] 0 0    
Amounts due from subsidiaries/parent [1] 0 42,780    
Other assets [1] 16,134 15,188    
Total assets [1] 11,213,026 10,956,240    
Liabilities:        
Unpaid losses and loss expenses [1] 0 0    
Deposit liabilities [1] 0 0    
Future policy benefit reserves [1] 0 0    
Funds withheld on GreyCastle life retrocession arrangements [1] 0 0    
Unearned premiums [1] 0 0    
Notes payable and debt [1] 0 0    
Reinsurance balances payable [1] 0 0    
Payable for investments purchased [1] 0 0    
Deferred tax liability [1] 0 0    
Amounts due to subsidiaries/parent [1] 213,477 0    
Other liabilities [1] 24,665 17,728    
Total liabilities [1] 238,142 17,728    
Shareholders' Equity:        
Shareholders' equity attributable to XL Group Ltd [1] 10,974,884 10,938,512    
Non-controlling interest in equity of consolidated subsidiaries [1] 0 0    
Total shareholders' equity [1] 10,974,884 10,938,512    
Total liabilities and shareholders' equity [1] 11,213,026 10,956,240    
XL-Cayman        
ASSETS        
Total investments available for sale 594,823 638,236    
Total investments trading 0 0    
Investments in affiliates 0 0    
Other investments 0 9    
Investments 594,823 638,245    
Cash and cash equivalents 241,858 84,286 287,464 369,997
Restricted cash 0 0    
Investments in subsidiaries 14,206,264 14,238,698    
Accrued investment income 2,985 2,981    
Deferred acquisition costs and value of business acquired 0 0    
Ceded unearned premiums 0 0    
Premiums receivable 0 0    
Reinsurance balances receivable 0 0    
Unpaid losses and loss expenses recoverable 0 0    
Receivable from investments sold 0 0    
Goodwill and other intangible assets 0 0    
Deferred tax asset 0 0    
Amounts due from subsidiaries/parent 174,871 0    
Other assets 35,529 40,108    
Total assets 15,256,330 15,004,318    
Liabilities:        
Unpaid losses and loss expenses 0 0    
Deposit liabilities 0 0    
Future policy benefit reserves 0 0    
Funds withheld on GreyCastle life retrocession arrangements 0 0    
Unearned premiums 0    
Notes payable and debt 2,648,353 2,647,677    
Reinsurance balances payable 0 0    
Payable for investments purchased 0 0    
Deferred tax liability 0 0    
Amounts due to subsidiaries/parent 0 72,962    
Other liabilities 67,739 41,984    
Total liabilities 2,716,092 2,762,623    
Shareholders' Equity:        
Shareholders' equity attributable to XL Group Ltd 11,190,238 10,897,195    
Non-controlling interest in equity of consolidated subsidiaries 1,350,000 1,344,500    
Total shareholders' equity 12,540,238 12,241,695    
Total liabilities and shareholders' equity 15,256,330 15,004,318    
Other XL Subsidiaries        
ASSETS        
Total investments available for sale 31,411,629 31,280,890    
Total investments trading 1,700,862 1,626,577    
Investments in affiliates 2,172,611 2,177,645    
Other investments 1,150,492 1,164,555    
Investments 36,435,594 36,249,667    
Cash and cash equivalents 3,109,713 3,341,680 $ 2,524,752 $ 2,874,682
Restricted cash 160,523 153,504    
Investments in subsidiaries 0 0    
Accrued investment income 259,252 281,385    
Deferred acquisition costs and value of business acquired 1,161,159 946,721    
Ceded unearned premiums 2,501,294 1,687,864    
Premiums receivable 6,746,116 5,522,976    
Reinsurance balances receivable 641,720 577,479    
Unpaid losses and loss expenses recoverable 5,685,623 5,491,297    
Receivable from investments sold 95,344 128,411    
Goodwill and other intangible assets 2,208,612 2,203,653    
Deferred tax asset 302,301 310,542    
Amounts due from subsidiaries/parent 213,477 72,962    
Other assets 824,959 757,093    
Total assets 60,345,687 57,725,234    
Liabilities:        
Unpaid losses and loss expenses 26,445,124 25,939,571    
Deposit liabilities 1,121,194 1,116,233    
Future policy benefit reserves 3,520,069 3,506,047    
Funds withheld on GreyCastle life retrocession arrangements 954,327 998,968    
Unearned premiums 8,581,973 7,293,028    
Notes payable and debt 0 0    
Reinsurance balances payable 3,325,748 2,451,717    
Payable for investments purchased 211,880 226,009    
Deferred tax liability 89,862 77,271    
Amounts due to subsidiaries/parent 174,871 42,780    
Other liabilities 1,033,059 1,157,190    
Total liabilities 45,458,107 42,808,814    
Shareholders' Equity:        
Shareholders' equity attributable to XL Group Ltd 14,206,264 14,238,698    
Non-controlling interest in equity of consolidated subsidiaries 681,316 677,722    
Total shareholders' equity 14,887,580 14,916,420    
Total liabilities and shareholders' equity $ 60,345,687 $ 57,725,234    
[1] Results for the period include XL-Ireland, which prior to the Redomestication was the ultimate parent and is now in liquidation proceedings as outlined in Note 1, "Significant Accounting Policies." The Company expects the net assets of XL-Ireland to ultimately be distributed to XL-Bermuda upon completion of the liquidation.
[2] XL-Bermuda balance includes investment in $5.5 million of XL-Cayman Series D Preference Ordinary Shares and XL-Cayman Series E Non-Cumulative Preference Ordinary Shares.