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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Net premiums earned $ 5,690,130 $ 5,414,061 $ 5,706,840
Net investment income 1,137,769 1,198,038 1,319,823
Realized investment gains (losses):      
Net realized gains (losses) on investments sold (28,187) (65,670) (108,979)
Other-than-temporary impairments on investments (174,102) (170,643) (992,202)
Other-than-temporary impairments on investments transferred to (from) other comprehensive income 13,930 (34,490) 179,744
Total net realized (losses) on investments (188,359) (270,803) (921,437)
Net realized and unrealized (losses) on derivative instruments (10,738) (33,843) (33,647)
Income (loss) from investment fund affiliates 26,253 51,102 78,867
Fee income and other 41,748 40,027 43,201
Total revenues 6,696,803 6,398,582 6,193,647
Expenses:      
Net losses and loss expenses incurred 4,078,391 3,211,800 3,168,837
Claims and policy benefits 535,074 513,833 677,562
Acquisition costs 826,411 788,258 853,558
Operating expenses 1,082,479 971,105 1,055,823
Exchange (gains) losses (40,640) (10,161) 84,813
Interest expense 205,592 213,643 216,504
Loss on termination of guarantee 0 23,500 0
Impairment of goodwill 429,020 [1] 0 0
Amortization of intangible assets 1,438 1,858 1,836
Total expenses 7,117,765 5,713,836 6,058,933
Income (loss) before income tax and income (loss) from operating affiliates (420,962) 684,746 134,714
Provision for income tax 59,707 162,737 120,307
Income (loss) from operating affiliates 76,786 121,372 60,480
Net income (loss) (403,883) 643,381 74,887
Non-controlling interests (70,877) (39,831) 104
Net income (loss) attributable to XL Group plc (474,760) 603,550 74,991
Preference share dividends 0 (34,694) (80,200)
Gain on redemption of Redeemable Series C preference ordinary shares 0 16,616 211,816
Net income (loss) attributable to ordinary shareholders $ (474,760) $ 585,472 $ 206,607
Weighted average ordinary shares and ordinary share equivalents outstanding – basic (in Shares) 312,896 336,283 340,612
Weighted average ordinary shares and ordinary share equivalents outstanding – diluted (in Shares) 312,896 337,709 340,966
Earnings (loss) per ordinary share and ordinary share equivalent – basic (in Dollars per share) $ (1.52) $ 1.74 $ 0.61
Earnings (loss) per ordinary share and ordinary share equivalent – diluted (in Dollars per share) $ (1.52) $ 1.73 $ 0.61
[1] Represents goodwill impairment charges recorded in the fourth quarter of 2011, associated with the Company's insurance operations.