CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Sep. 30, 2011		Dec. 31, 2010
ASSETS
Fixed maturities, at fair value (amortized cost: 2011, $26,750,242; 2010, $27,322,842)	$ 27,005,350	[1]	$ 27,142,105	[1]
Equity securities, at fair value (cost: 2011, $437,668; 2010, $56,737)	409,163	[2],[3]	84,767	[2]
Short-term investments, at fair value (amortized cost: 2011, $367,878; 2010, $450,491)	366,679		450,681
Total investments available for sale	27,781,192		27,677,553
Fixed maturities, held to maturity at amortized cost (fair value: 2011, $2,901,434; 2010, $2,742,626)	2,725,623		2,728,335
Investments in affiliates	1,044,077		1,081,281
Other investments	1,001,575		939,470
Total investments	32,552,467		32,426,639
Cash and cash equivalents	3,176,283		3,022,868
Accrued investment income	357,332		350,091
Deferred acquisition costs	724,349		633,035
Ceded unearned premiums	857,049		625,654
Premiums receivable	2,859,610		2,414,912
Reinsurance balances receivable	181,264		171,327
Unpaid losses and loss expenses recoverable	3,705,892		3,671,887
Receivable from investments sold	513,012		21,716
Goodwill and other intangible assets	838,725		839,508
Deferred tax asset	140,670		143,525
Other assets	718,533		702,189
Total assets	46,625,186		45,023,351
Liabilities:
Unpaid losses and loss expenses	20,718,988		20,531,607
Deposit liabilities	1,636,602		1,684,606
Future policy benefit reserves	4,994,579		5,075,127
Unearned premiums	4,103,846		3,484,830
Notes payable and debt	2,281,335		2,464,410
Reinsurance balances payable	539,792		122,250
Payable for investments purchased	587,756		34,315
Deferred tax liability	108,416		105,667
Other liabilities	711,886		835,590
Total liabilities	35,683,200		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, nil; 2010, 2,876,000)			71,900
Shareholders’ Equity:
Ordinary shares, 999,990,000 authorized, par value $0.01; Issued and outstanding: (2011, 320,517,493; 2010, 316,396,289)	3,206		3,165
Additional paid in capital	9,030,259		8,993,016
Accumulated other comprehensive income	456,203		100,795
Retained earnings	450,534		513,777
Shareholders’ equity attributable to XL Group plc	9,940,202		9,610,753
Non-controlling interest in equity of consolidated subsidiaries	1,001,784		1,002,296
Total shareholders’ equity	10,941,986		10,613,049
Total liabilities, redeemable preference ordinary shares and shareholders’ equity	$ 46,625,186		$ 45,023,351

[1] Included in the table above are Tier One and Upper Tier Two securities, representing committed term debt and hybrid instruments, which are senior to the common and preferred equities of the financial institutions, at their fair value of $485.6 million and $757.8 million at September 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 $167.6 million and $143.7 million at September 30, 2011 and December 31, 2010, respectively.

[2] Included within equity securities are investments fixed income funds of $91.1 million and nil at September 30, 2011 and December 31, 2010, respectively.

[3] Included within equity securities are investments in fixed income funds with a fair value of $91.1 million and an amortized cost of $100.0 million at September 30, 2011.