XML 163 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2011
Schedule of Segment Reporting Information, by Segment [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2011:
(U.S. dollars in thousands, except ratios)

 

Insurance

 

Reinsurance

 

Total P&C

 

Life
Operations

 

Corporate

 

Total

 

 

 


 


 


 


 


 


 

Gross premiums written

 

$

4,824,665

 

$

2,073,619

 

$

6,898,284

 

$

394,555

 

$

 

$

7,292,839

 

Net premiums written

 

 

3,707,664

 

 

1,725,724

 

 

5,433,388

 

 

362,362

 

 

 

 

5,795,750

 

Net premiums earned

 

 

3,663,727

 

 

1,663,385

 

 

5,327,112

 

 

363,018

 

 

 

 

5,690,130

 

Net losses and loss expenses

 

 

(2,951,413

)

 

(1,126,978

)

 

(4,078,391

)

 

(535,074

)

 

 

 

(4,613,465

)

Acquisition costs

 

 

(461,965

)

 

(324,128

)

 

(786,093

)

 

(40,318

)

 

 

 

(826,411

)

Operating expenses (1)

 

 

(683,814

)

 

(176,167

)

 

(859,981

)

 

(9,311

)

 

 

 

(869,292

)

 

 



 



 



 



 



 



 

Underwriting profit (loss)

 

$

(433,465

)

$

36,112

 

$

(397,353

)

$

(221,685

)

$

 

$

(619,038

)

Net investment income

 

 

 

 

 

 

 

 

745,138

 

 

318,061

 

 

 

 

1,063,199

 

Net results from structured products (2)

 

 

10,976

 

 

12,053

 

 

23,029

 

 

 

 

 

 

23,029

 

Net fee income and other (3)

 

 

(16,370

)

 

3,903

 

 

(12,467

)

 

219

 

 

 

 

(12,248

)

Net realized gains (losses) on
investments

 

 

 

 

 

 

 

 

(98,360

)

 

(89,999

)

 

 

 

(188,359

)

 

 

 

 

 

 

 

 



 



 



 



 

Contribution from P&C, Life Operations and Corporate

 

 

 

 

 

 

 

$

259,987

 

$

6,596

 

$

 

$

266,583

 

 

 

 

 

 

 

 

 



 



 



 

 

 

 

Corporate & other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net realized & unrealized gains (losses) on derivative instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(10,738

)

$

(10,738

)

Net income (loss) from investment fund affiliates and operating affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

103,039

 

 

103,039

 

Exchange gains (losses)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

40,640

 

 

40,640

 

Corporate operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(159,158

)

 

(159,158

)

Interest expense (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(154,084

)

 

(154,084

)

Non-controlling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(70,877

)

 

(70,877

)

Impairment of goodwill (5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(429,020

)

 

(429,020

)

Income taxes & other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(61,145

)

 

(61,145

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Net income (loss) attributable to XL Group plc

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(474,760

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Ratios – P&C operations: (6)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss and loss expense ratio

 

 

80.6

%

 

67.8

%

 

76.6

%

 

 

 

 

 

 

 

 

 

Underwriting expense ratio

 

 

31.2

%

 

30.0

%

 

30.9

%

 

 

 

 

 

 

 

 

 

 

 



 



 



 

 

 

 

 

 

 

 

 

 

Combined ratio

 

 

111.8

%

 

97.8

%

 

107.5

%

 

 

 

 

 

 

 

 

 

 

 



 



 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2010:
(U.S. dollars in thousands, except ratios)

 

Insurance

 

Reinsurance

 

Total P&C

 

Life
Operations

 

Corporate

 

Total

 

 

 


 


 


 


 


 


 

Gross premiums written

 

$

4,418,380

 

$

1,842,951

 

$

6,261,331

 

$

411,938

 

$

 

$

6,673,269

 

Net premiums written

 

 

3,461,150

 

 

1,538,438

 

 

4,999,588

 

 

382,075

 

 

 

 

5,381,663

 

Net premiums earned

 

 

3,529,138

 

 

1,501,999

 

 

5,031,137

 

 

382,924

 

 

 

 

5,414,061

 

Net losses and loss expenses

 

 

(2,505,502

)

 

(706,298

)

 

(3,211,800

)

 

(513,833

)

 

 

 

(3,725,633

)

Acquisition costs

 

 

(418,146

)

 

(321,008

)

 

(739,154

)

 

(49,104

)

 

 

 

(788,258

)

Operating expenses (1)

 

 

(642,103

)

 

(175,586

)

 

(817,689

)

 

(10,470

)

 

 

 

(828,159

)

 

 



 



 



 



 



 



 

Underwriting profit (loss)

 

$

(36,613

)

$

299,107

 

$

262,494

 

$

(190,483

)

$

 

$

72,011

 

Net investment income

 

 

 

 

 

 

 

 

803,358

 

 

313,172

 

 

 

 

1,116,530

 

Net results from structured products (2)

 

 

14,696

 

 

3,075

 

 

17,771

 

 

 

 

9,804

 

 

27,575

 

Net fee income and other (3)

 

 

(15,564

)

 

2,488

 

 

(13,076

)

 

249

 

 

2

 

 

(12,825

)

Net realized gains (losses) on investments

 

 

 

 

 

 

 

 

(206,877

)

 

(54,444

)

 

(9,482

)

 

(270,803

)

 

 

 

 

 

 

 

 



 



 



 



 

Contribution from P&C, Life Operations and Corporate

 

 

 

 

 

 

 

$

863,670

 

$

68,494

 

$

324

 

$

932,488

 

 

 

 

 

 

 

 

 



 



 



 

 

 

 

Corporate & other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net realized & unrealized gains (losses) on derivative instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(33,843

)

$

(33,843

)

Net income (loss) from investment fund affiliates and operating affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

172,474

 

 

172,474

 

Exchange gains (losses)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10,161

 

 

10,161

 

Corporate operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(90,686

)

 

(90,686

)

Interest expense (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(159,118

)

 

(159,118

)

Non-controlling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(39,831

)

 

(39,831

)

Loss on termination of guarantee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(23,500

)

 

(23,500

)

Income taxes & other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(164,595

)

 

(164,595

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Net income (loss) attributable to XL Group plc

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

603,550

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Ratios – P&C operations: (5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss and loss expense ratio

 

 

71.0

%

 

47.0

%

 

63.8

%

 

 

 

 

 

 

 

 

 

Underwriting expense ratio

 

 

30.0

%

 

33.1

%

 

31.0

%

 

 

 

 

 

 

 

 

 

 

 



 



 



 

 

 

 

 

 

 

 

 

 

Combined ratio

 

 

101.0

%

 

80.1

%

 

94.8

%

 

 

 

 

 

 

 

 

 

 

 



 



 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2009:
(U.S. dollars in thousands, except ratios)

 

Insurance

 

Reinsurance

 

Total P&C

 

Life
Operations

 

Corporate

 

Total

 

 

 


 


 


 


 


 


 

Gross premiums written

 

$

4,251,888

 

$

1,859,423

 

$

6,111,311

 

$

576,162

 

$

 

$

6,687,473

 

Net premiums written

 

 

3,273,380

 

 

1,470,332

 

 

4,743,712

 

 

532,852

 

 

 

 

5,276,564

 

Net premiums earned

 

 

3,559,793

 

 

1,591,946

 

 

5,151,739

 

 

555,101

 

 

 

 

5,706,840

 

Net losses and loss expenses

 

 

(2,399,747

)

 

(769,090

)

 

(3,168,837

)

 

(677,562

)

 

 

 

(3,846,399

)

Acquisition costs

 

 

(429,170

)

 

(346,699

)

 

(775,869

)

 

(77,689

)

 

 

 

(853,558

)

Operating expenses (1)

 

 

(689,131

)

 

(190,596

)

 

(879,727

)

 

(16,009

)

 

 

 

(895,736

)

 

 



 



 



 



 



 



 

Underwriting profit (loss)

 

$

41,745

 

$

285,561

 

$

327,306

 

$

(216,159

)

$

 

$

111,147

 

Net investment income

 

 

 

 

 

 

 

 

882,748

 

 

332,425

 

 

 

 

1,215,173

 

Net results from structured products (2)

 

 

16,660

 

 

26,374

 

 

43,034

 

 

 

 

16,609

 

 

59,643

 

Net fee income and other (3)

 

 

(14,241

)

 

6,209

 

 

(8,032

)

 

290

 

 

 

 

(7,742

)

Net realized gains (losses) on investments

 

 

 

 

 

 

 

 

(659,687

)

 

(232,375

)

 

(29,375

)

 

(921,437

)

 

 

 

 

 

 

 

 



 



 



 



 

Contribution from P&C, Life Operations and Corporate

 

 

 

 

 

 

 

$

585,369

 

$

(115,819

)

$

(12,766

)

$

456,784

 

 

 

 

 

 

 

 

 



 



 



 

 

 

 

Corporate & other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net realized & unrealized gains (losses) on derivative instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(33,647

)

$

(33,647

)

Net income (loss) from investment fund affiliates and operating affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

139,347

 

 

139,347

 

Exchange gains (losses)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(84,813

)

 

(84,813

)

Corporate operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(107,877

)

 

(107,877

)

Interest expense (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(172,764

)

 

(172,764

)

Non-controlling interest in net (income) loss of subsidiary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

104

 

 

104

 

Loss on termination of guarantee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income taxes & other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(122,143

)

 

(122,143

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Net income (loss) attributable to XL Group plc

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

74,991

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Ratios – P&C operations: (5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss and loss expense ratio

 

 

67.4

%

 

48.3

%

 

61.5

%

 

 

 

 

 

 

 

 

 

Underwriting expense ratio

 

 

31.4

%

 

33.8

%

 

32.1

%

 

 

 

 

 

 

 

 

 

 

 



 



 



 

 

 

 

 

 

 

 

 

 

Combined ratio

 

 

98.8

%

 

82.1

%

 

93.6

%

 

 

 

 

 

 

 

 

 

 

 



 



 



 

 

 

 

 

 

 

 

 

 

Schedule Of Net Premiums Earned By Line Of Business [Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2011:
(U.S. dollars in thousands)

 

Insurance

 

Reinsurance

 

Life
Operations

 

Total

 

 

 


 


 


 


 

P&C Operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

Casualty – professional lines

 

$

1,287,230

 

$

213,949

 

$

 

$

1,501,179

 

Casualty – other lines

 

 

695,094

 

 

256,853

 

 

 

 

951,947

 

Property catastrophe

 

 

 

 

387,523

 

 

 

 

387,523

 

Other property

 

 

481,148

 

 

587,611

 

 

 

 

1,068,759

 

Marine, energy, aviation and satellite

 

 

528,454

 

 

130,855

 

 

 

 

659,309

 

Other specialty lines (1)

 

 

665,727

 

 

 

 

 

 

665,727

 

Other (2)

 

 

3,552

 

 

90,776

 

 

 

 

94,328

 

Structured indemnity

 

 

2,522

 

 

(4,182

)

 

 

 

(1,660

)

 

 



 



 



 



 

Total P&C Operations

 

$

3,663,727

 

$

1,663,385

 

$

 

$

5,327,112

 

 

 



 



 



 



 

Life Operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Life

 

$

 

$

 

$

230,786

 

$

230,786

 

Annuity

 

 

 

 

 

 

132,232

 

 

132,232

 

 

 



 



 



 



 

Total Life Operations

 

$

 

$

 

$

363,018

 

$

363,018

 

 

 



 



 



 



 

Total

 

$

3,663,727

 

$

1,663,385

 

$

363,018

 

$

5,690,130

 

 

 



 



 



 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2010:
(U.S. dollars in thousands)

 

Insurance

 

Reinsurance

 

Life
Operations

 

Total

 

 

 


 


 


 


 

P&C Operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

Casualty – professional lines

 

$

1,316,172

 

$

222,720

 

$

 

$

1,538,892

 

Casualty – other lines

 

 

611,674

 

 

219,154

 

 

 

 

830,828

 

Property catastrophe

 

 

 

 

323,588

 

 

 

 

323,588

 

Other property

 

 

416,806

 

 

534,422

 

 

 

 

951,228

 

Marine, energy, aviation and satellite

 

 

540,319

 

 

88,855

 

 

 

 

629,174

 

Other specialty lines (1)

 

 

621,839

 

 

 

 

 

 

621,839

 

Other (2)

 

 

7,577

 

 

112,303

 

 

 

 

119,880

 

Structured indemnity

 

 

14,751

 

 

957

 

 

 

 

15,708

 

 

 



 



 



 



 

Total P&C Operations

 

$

3,529,138

 

$

1,501,999

 

$

 

$

5,031,137

 

 

 



 



 



 



 

Life Operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Life

 

$

 

$

 

$

255,905

 

$

255,905

 

Annuity

 

 

 

 

 

 

127,019

 

 

127,019

 

 

 



 



 



 



 

Total Life Operations

 

$

 

$

 

$

382,924

 

$

382,924

 

 

 



 



 



 



 

Total

 

$

3,529,138

 

$

1,501,999

 

$

382,924

 

$

5,414,061

 

 

 



 



 



 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2009:
(U.S. dollars in thousands)

 

Insurance

 

Reinsurance

 

Life
Operations

 

Total

 

 

 


 


 


 


 

P&C Operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

Casualty – professional lines

 

$

1,276,005

 

$

196,624

 

$

 

$

1,472,629

 

Casualty – other lines

 

 

655,126

 

 

257,610

 

 

 

 

912,736

 

Property catastrophe

 

 

2,396

 

 

312,780

 

 

 

 

315,176

 

Other property

 

 

424,045

 

 

560,379

 

 

 

 

984,424

 

Marine, energy, aviation and satellite

 

 

546,806

 

 

83,532

 

 

 

 

630,338

 

Other specialty lines (1)

 

 

634,436

 

 

 

 

 

 

634,436

 

Other (2)

 

 

12,217

 

 

172,588

 

 

 

 

184,805

 

Structured indemnity

 

 

8,762

 

 

8,433

 

 

 

 

17,195

 

 

 



 



 



 



 

Total P&C Operations

 

$

3,559,793

 

$

1,591,946

 

$

 

$

5,151,739

 

 

 



 



 



 



 

Life Operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Life

 

$

 

$

 

$

422,594

 

$

422,594

 

Annuity

 

 

 

 

 

 

132,507

 

 

132,507

 

 

 



 



 



 



 

Total Life Operations

 

$

 

$

 

$

555,101

 

$

555,101

 

 

 



 



 



 



 

Total

 

$

3,559,793

 

$

1,591,946

 

$

555,101

 

$

5,706,840

 

 

 



 



 



 



 

Net Premiums Written By Geographical Location [Text Block]

 

 

 

 

 

 

 

 

 

 

 

P&C operations:

 

 

 

 

 

 

 

 

 

 

(U.S. dollars in thousands)

 

2011

 

2010

 

2009

 

 

 


 


 


 

Bermuda

 

$

572,825

 

$

561,514

 

$

545,965

 

United States

 

 

2,320,274

 

 

2,143,240

 

 

2,342,656

 

Europe and other

 

 

2,540,289

 

 

2,294,834

 

 

1,855,091

 

 

 



 



 



 

Total P&C operations

 

$

5,433,388

 

$

4,999,588

 

$

4,743,712

 

 

 



 



 



 

Life Operations:

 

 

 

 

 

 

 

 

 

 

(U.S. dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Bermuda

 

$

75,219

 

$

79,033

 

$

80,498

 

United States

 

 

 

 

 

 

31,478

 

Europe and other

 

 

287,143

 

 

303,042

 

 

420,876

 

 

 



 



 



 

Total Life Operations

 

$

362,362

 

$

382,075

 

$

532,852

 

 

 



 



 



 

Total

 

$

5,795,750

 

$

5,381,663

 

$

5,276,564