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COMPUTATION OF EARNINGS PER ORDINARY SHARE AND ORDINARY SHARE EQUIVALENT (Tables)
 12 Months Ended
Dec. 31, 2011
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31

 

 

 

 

 

 

 

 

 

 

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

 

2011

 

2010

 

2009

 

 

 

 

 

 

Basic earnings per ordinary share and ordinary share equivalents:

 

 

 

 

 

 

 

 

 

 

Net income attributable to XL Group plc.

 

$

(474,760

)

$

603,550

 

$

74,991

 

Less: preference share dividends (1)

 

 

—

 

 

(34,694

)

 

(80,200

)

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

 

 

—

 

 

16,616

 

 

211,816

 

 

 

 

 

 

Net income (loss) attributable to ordinary shareholders

 

$

(474,760

)

$

585,472

 

$

206,607

 

 

 

 

 

 

Weighted average ordinary shares outstanding

 

 

312,896

 

 

336,283

 

 

340,612

 

Basic earnings per ordinary share & ordinary share equivalents outstanding

 

$

(1.52

)

$

1.74

 

$

0.61

 

Diluted earnings per ordinary share and ordinary share equivalents:

 

 

 

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding – basic

 

$

312,896

 

$

336,283

 

$

340,612

 

Impact of share based compensation and certain conversion features

 

 

—

 

 

1,426

 

 

354

 

 

 

 

 

 

Weighted average ordinary shares outstanding – diluted

 

$

312,896

 

$

337,709

 

$

340,966

 

 

 

 

 

 

Diluted earnings per ordinary share & ordinary share equivalents outstanding

 

$

(1.52

)

$

1.73

 

$

0.61

 

 

 

 

 

 

Dividends per ordinary share

 

$

0.44

 

$

0.40

 

$

0.40