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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Investments:    
Fixed maturities, at fair value (amortized cost: 2017 - $30,157,581; 2016 - $29,587,656) $ 30,928,988 $ 30,256,602
Equity securities, at fair value (cost: 2017 - $638,455; 2016 - $996,610) 713,967 1,037,331
Short-term investments, at fair value (amortized cost: 2017 - $816,638; 2016 - $626,142) 815,481 625,193
Total investments available for sale 32,458,436 31,919,126
Fixed maturities, at fair value (amortized cost: 2017 - $1,946,501; 2016 - $1,548,178) 2,006,385 1,617,014
Short-term investments, at fair value (amortized cost: 2017 - $14,969; 2016 - $9,536) 14,965 9,563
Total investments trading 2,021,350 1,626,577
Investments in affiliates 1,911,996 2,177,645
Other investments 1,163,863 1,164,564
Total investments 37,555,645 36,887,912
Cash and cash equivalents 3,435,954 3,426,988
Restricted cash 157,497 153,504
Accrued investment income 272,149 284,366
Deferred acquisition costs and value of business acquired 1,102,474 946,721
Ceded unearned premiums 2,198,217 1,687,864
Premiums receivable 6,934,482 5,522,976
Reinsurance balances receivable 930,114 577,479
Unpaid losses and loss expenses recoverable 7,247,723 5,491,297
Receivable from investments sold 201,515 128,411
Goodwill and other intangible assets 2,225,751 2,203,653
Deferred tax asset 332,024 310,542
Other assets 842,691 812,389
Total assets 63,436,236 58,434,102
Liabilities:    
Unpaid losses and loss expenses 29,696,779 25,939,571
Deposit liabilities 1,042,677 1,116,233
Future policy benefit reserves 3,610,926 3,506,047
Funds withheld on GreyCastle life retrocession arrangements (net of future policy benefit reserves recoverable: 2017 - $3,191,584; 2016 - $3,072,615) 999,219 998,968
Unearned premiums 8,307,431 7,293,028
Notes payable and debt [1] 3,220,769 2,647,677
Reinsurance balances payable 3,706,116 2,451,717
Payable for investments purchased 332,989 226,009
Deferred tax liability 57,574 77,271
Other liabilities 1,000,436 1,216,902
Total liabilities 51,974,916 45,473,423
Commitments and Contingencies
Shareholders' Equity:    
Authorized shares, 999,990,000, par value $0.01; common shares issued and outstanding (2017 - 256,033,895; 2016 - 266,889,127) 2,560 2,669
Additional paid in capital 7,757,940 8,068,503
Accumulated other comprehensive income 889,431 715,546
Retained earnings 1,198,386 2,151,794
Shareholders' equity attributable to XL Group Ltd 9,848,317 10,938,512
Non-controlling interest in equity of consolidated subsidiaries 1,613,003 2,022,167
Total shareholders' equity 11,461,320 12,960,679
Total liabilities and shareholders' equity $ 63,436,236 $ 58,434,102
[1] "Outstanding" data represent December 31, 2017 and December 31, 2016 accreted values.