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Computation of Earnings Per Ordinary Share and Ordinary Share Equivalent (Tables)
9 Months Ended
Sep. 30, 2011
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(U.S. dollars and shares in thousands, except per share amounts)
(Unaudited)

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

 

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

Basic earnings per ordinary share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to XL Group plc (1)

 

$

42,398

 

$

77,543

 

$

40,777

 

$

415,428

 

Less: preference share dividends (1)

 

 

—

 

 

—

 

 

—

 

 

(34,694

)

Add: gain on redemption of Redeemable Series C preference ordinary shares

 

 

—

 

 

—

 

 

—

 

 

16,616

 

 

 

 

 

 

 

Net income available to ordinary shareholders

 

$

42,398

 

$

77,543

 

$

40,777

 

$

397,350

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding – basic

 

 

311,714

 

 

338,724

 

 

310,793

 

 

340,927

 

Basic earnings per ordinary share

 

$

0.14

 

$

0.23

 

$

0.13

 

$

1.17

 

Diluted earnings per ordinary share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding – basic

 

 

311,714

 

 

338,724

 

 

310,793

 

 

340,927

 

Impact of share based compensation and certain conversion features

 

 

2,134

 

 

1,095

 

 

4,049

 

 

837

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding – diluted

 

 

313,848

 

 

339,819

 

 

314,842

 

 

341,764

 

 

 

 

 

 

 

Diluted earnings per ordinary share

 

$

0.14

 

$

0.23

 

$

0.13

 

$

1.16

 

 

 

 

 

 

 

Dividends per ordinary share

 

$

0.11

 

$

0.10

 

$

0.33

 

$

0.30