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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Fixed maturities at fair value (amortized cost: 2011, $25,105,488; 2010, $25,714,886) $ 25,151,686 [1] $ 25,544,179 [1]
Equity securities, at fair value (cost: 2011, $282,128; 2010, $56,737) 318,695 84,767
Short-term investments, at fair value (amortized cost: 2011, $2,855,542; 2010, $2,058,447) 2,851,823 2,048,607
Total investments available for sale 28,322,204 27,677,553
Fixed maturities, held to maturity at amortized cost (fair value: 2011, $2,819,505; 2010, $2,742,626) 2,843,371 2,728,335
Investments in affiliates 1,120,890 1,081,281
Other investments 968,151 939,470
Total investments 33,254,616 32,426,639
Cash and cash equivalents 2,859,342 3,022,868
Accrued investment income 340,484 350,091
Deferred acquisition costs 728,527 633,035
Ceded unearned premiums 825,728 625,654
Premiums receivable 3,144,108 2,414,912
Reinsurance balances receivable 135,866 171,327
Unpaid losses and loss expenses recoverable 3,685,046 3,671,887
Net receivable from investments sold 74,246 21,716
Goodwill and other intangible assets 843,174 839,508
Deferred tax asset 146,837 143,525
Other assets 583,538 702,189
Total assets 46,621,512 45,023,351
Liabilities:    
Unpaid losses and loss expenses 20,954,317 20,531,607
Deposit liabilities 1,666,275 1,684,606
Future policy benefit reserves 5,215,549 5,075,127
Unearned premiums 4,205,084 3,484,830
Notes payable and debt 2,461,426 2,464,410
Reinsurance balances payable 419,365 122,250
Net payable for investments purchased 162,260 34,315
Deferred tax liability 89,145 105,667
Other liabilities 749,210 835,590
Total liabilities 35,922,631 34,338,402
Commitments and Contingencies 0 0
Non-controlling interest - Redeemable Series C preference ordinary shares, 20,000,000 authorized, par value $0.01; Issued and outstanding: (2011, 2,846,000; 2010, 2,876,000) 71,150 71,900
Shareholders’ Equity:    
Ordinary shares, 999,990,000 authorized, par value $0.01; Issued and outstanding: (2011, 305,161,844; 2010, 316,396,289) 3,052 3,165
Additional paid in capital 8,756,300 8,993,016
Accumulated other comprehensive income 422,971 100,795
Retained earnings 443,627 513,777
Shareholders’ equity attributable to XL Group plc 9,625,950 9,610,753
Non-controlling interest in equity of consolidated subsidiaries 1,001,781 1,002,296
Total shareholders’ equity 10,627,731 10,613,049
Total liabilities, redeemable preference ordinary shares and shareholders’ equity $ 46,621,512 $ 45,023,351
[1] Included in the table above are Tier One and Upper Tier Two securities, representing committed term debt and hybrid instruments senior to the common and preferred equities of the financial institutions, at their fair value of $641.9 million and $757.8 million at June 30, 2011 and December 31, 2010, respectively. These securities are reflected in the table based on their call date and have net unrealized losses of $104.2 million and $143.7 million at June 30, 2011 and December 31, 2010, respectively.