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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Net premiums earned $ 1,398,339 $ 1,302,761 $ 2,759,722 $ 2,671,246
Net investment income 296,505 302,594 576,768 610,918
Realized investment gains (losses):        
Net realized gains (losses) on investments sold 17,632 (3,979) (11,360) 42
Other-than-temporary impairments on investments (40,088) (26,736) (73,808) (87,250)
Other-than-temporary impairments on investments transferred to (from) other comprehensive income 12,912 (30,671) 9,187 (10,354)
Total net realized gains (losses) on investments (9,544) (61,386) (75,981) (97,562)
Net realized and unrealized gains (losses) on derivative instruments (10,950) (19,896) (7,383) (40,376)
Income (loss) from investment fund affiliates 10,250 19,084 37,400 27,262
Fee income and other 10,582 9,535 19,514 17,953
Total revenues 1,695,182 1,552,692 3,310,040 3,189,441
Expenses:        
Net losses and loss expenses incurred 823,584 747,165 2,032,449 1,639,365
Claims and policy benefits 137,416 123,375 270,647 247,118
Acquisition costs 215,099 180,560 403,589 381,697
Operating expenses 266,098 244,867 526,625 473,975
Exchange (gains) losses (8,498) (32,276) 1,016 (53,359)
Interest expense 55,099 49,149 109,246 98,219
Loss on termination of guarantee   23,500   23,500
Amortization of intangible assets 44 464 509 929
Total expenses 1,488,842 1,336,804 3,344,081 2,811,444
Income (loss) before income tax and income (loss) from operating affiliates 206,340 215,888 (34,041) 377,997
Provision (benefit) for income tax 24,826 42,976 (7,971) 72,812
Income (loss) from operating affiliates 46,251 21,013 59,887 32,619
Net income (loss) 227,765 193,925 33,817 337,804
Non-controlling interests (2,102) 80 (35,438) 81
Net income (loss) attributable to XL Group plc 225,663 194,005 (1,621) 337,885
Preference share dividends   (2,194)   (34,694)
Gain on redemption of Redeemable Series C preference ordinary shares       16,616
Net income (loss) attributable to ordinary shareholders $ 225,663 $ 191,811 $ (1,621) $ 319,807
Weighted average ordinary shares and ordinary share equivalents outstanding – basic (in Shares) 309,184 342,056 310,325 342,049
Weighted average ordinary shares and ordinary share equivalents outstanding – diluted (in Shares) 341,989 342,878 310,325 342,781
Earnings per ordinary share and ordinary share equivalent – basic (in Dollars per share) $ 0.73 $ 0.56 $ (0.01) $ 0.93
Earnings per ordinary share and ordinary share equivalent – diluted (in Dollars per share) $ 0.69 $ 0.56 $ (0.01) $ 0.93