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Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Three Months Ended June 30, 2012							Life
(U.S. dollars in thousands, except ratios)	Insurance		Reinsurance		Total P&C		Operations		Total
Gross premiums written	$	1,311,034	$	452,417	$	1,763,451	$	92,904	$	1,856,355
Net premiums written		944,267		403,011		1,347,278		85,623		1,432,901
Net premiums earned		959,294		441,678		1,400,972		85,623		1,486,595
Net losses and loss expenses		(635,284)		(191,071)		(826,355)		(131,150)		(957,505)
Acquisition costs		(123,284)		(87,723)		(211,007)		(7,930)		(218,937)
Operating expenses (1)		(192,247)		(41,991)		(234,238)		(2,829)		(237,067)
Underwriting profit (loss)	$	8,479	$	120,893	$	129,372	$	(56,286)	$	73,086
Net investment income		-		-		170,581		74,645		245,226
Net results from structured products (2)		9,047		(22,913)		(13,866)		-		(13,866)
Net fee income and other (3)		(1,847)		990		(857)		42		(815)
Net realized gains (losses) on investments						(2,154)		(10,239)		(12,393)
Contribution from P&C and Life Operations					$	283,076	$	8,162	$	291,238
Corporate & other:
Net realized & unrealized gains (losses) on derivative instruments										(4,300)
Net income (loss) from investment fund affiliates and operating affiliates (4)										25,658
Exchange gains (losses)										17,976
Corporate operating expenses										(50,061)
Interest expense (5)										(26,089)
Non-controlling interests										(3,454)
Income tax										(29,812)
Net income (loss) attributable to XL Group plc									$	221,156

Ratios – P&C operations: (6)
Loss and loss expense ratio		66.2%		43.3%		59.0%
Underwriting expense ratio		32.9%		29.3%		31.8%
Combined ratio		99.1%		72.6%		90.8%

_______________

(1) Operating expenses exclude Corporate operating expenses, shown separately.

(2) The net results from P&C structured products include net investment income and interest expense of $17.4 million and $31.3 million, respectively.

(3) Net fee income and other includes operating expenses from the Company's loss prevention consulting services business.

(4) The Company records the income related to the alternative funds and to the private investment and operating fund affiliates on a one-month and three-month lag, respectively.

(5) Interest expense excludes interest expense related to deposit liabilities recorded in the Insurance and Reinsurance segments.

(6) Ratios are based on net premiums earned from P&C operations.


Three Months Ended June 30, 2011							Life
(U.S. dollars in thousands, except ratios)	Insurance		Reinsurance		Total P&C		Operations		Total
Gross premiums written	$	1,290,030	$	472,413	$	1,762,443	$	100,281	$	1,862,724
Net premiums written		893,191		412,868		1,306,059		92,194		1,398,253
Net premiums earned		907,443		398,682		1,306,125		92,214		1,398,339
Net losses and loss expenses		(608,182)		(215,402)		(823,584)		(137,416)		(961,000)
Acquisition costs		(113,883)		(91,448)		(205,331)		(9,768)		(215,099)
Operating expenses (1)		(166,608)		(43,553)		(210,161)		(2,723)		(212,884)
Underwriting profit (loss)	$	18,770	$	48,279	$	67,049	$	(57,693)	$	9,356
Net investment income		-		-		196,053		82,057		278,110
Net results from structured products (2)		2,690		2,226		4,916		-		4,916
Net fee income and other (3)		(3,218)		(9)		(3,227)		96		(3,131)
Net realized gains (losses) on investments						(10,248)		704		(9,544)
Contribution from P&C and Life Operations					$	254,543	$	25,164	$	279,707
Corporate & other:
Net realized & unrealized gains (losses) on derivative instruments										(10,950)
Net income (loss) from investment fund affiliates and operating affiliates (4)										56,501
Exchange gains (losses)										8,498
Corporate operating expenses										(39,566)
Interest expense (5)										(41,599)
Non-controlling interests										(2,102)
Income tax										(24,826)
Net income (loss) attributable to XL Group plc									$	225,663

Ratios – P&C operations: (6)
Loss and loss expense ratio		67.0%		54.0%		63.1%
Underwriting expense ratio		30.9%		33.9%		31.8%
Combined ratio		97.9%		87.9%		94.9%

_______________

(1) Operating expenses exclude Corporate operating expenses, shown separately.

(2) The net results from P&C structured products include net investment income and interest expense of $18.4 million and $13.5 million, respectively.

(3) Net fee income and other includes operating expenses from the Company's loss prevention consulting services business and expenses related to the cost of an endorsement facility with National Indemnity Company.

(4) The Company records the income related to the alternative funds and to the private investment and operating fund affiliates on a one-month and three-month lag, respectively.

(5) Interest expense excludes interest expense related to deposit liabilities recorded in the Insurance and Reinsurance segments.

(6) Ratios are based on net premiums earned from P&C operations.


Six Months Ended June 30, 2012							Life
(U.S. dollars in thousands, except ratios)	Insurance		Reinsurance		Total P&C		Operations		Total
Gross premiums written	$	2,647,668	$	1,432,767	$	4,080,435	$	179,587	$	4,260,022
Net premiums written		1,980,793		1,329,713		3,310,506		164,119		3,474,625
Net premiums earned		1,893,350		865,520		2,758,870		164,143		2,923,013
Net losses and loss expenses		(1,266,969)		(413,451)		(1,680,420)		(252,457)		(1,932,877)
Acquisition costs		(251,540)		(175,967)		(427,507)		(15,581)		(443,088)
Operating expenses (1)		(377,593)		(80,738)		(458,331)		(5,436)		(463,767)
Underwriting profit (loss)	$	(2,752)	$	195,364	$	192,612	$	(109,331)	$	83,281
Net investment income		-		-		343,549		149,671		493,220
Net results from structured products (2)		11,866		(20,415)		(8,549)		-		(8,549)
Net fee income and other (3)		(3,867)		1,323		(2,544)		90		(2,454)
Net realized gains (losses) on investments						22,813		(14,403)		8,410
Contribution from P&C and Life Operations					$	547,881	$	26,027	$	573,908
Corporate & other:
Net realized & unrealized gains (losses) on derivative instruments										(3,598)
Net income (loss) from investment fund affiliates and operating affiliates (4)										61,319
Exchange gains (losses)										5,258
Corporate operating expenses										(94,321)
Interest expense (5)										(53,409)
Non-controlling interests										(40,011)
Income tax										(51,362)
Net income (loss) attributable to XL Group plc									$	397,784

Ratios – P&C operations: (6)
Loss and loss expense ratio		66.9%		47.8%		60.9%
Underwriting expense ratio		33.2%		29.6%		32.1%
Combined ratio		100.1%		77.4%		93.0%

_______________

(1) Operating expenses exclude Corporate operating expenses, shown separately.

(2) The net results from P&C structured products include net investment income and interest expense of $34.7 million and $43.2 million, respectively.

(3) Net fee income and other includes operating expenses from the Company's loss prevention consulting services business.

(4) The Company records the income related to the alternative funds and to the private investment and operating fund affiliates on a one-month and three-month lag, respectively.

(5) Interest expense excludes interest expense related to deposit liabilities recorded in the Insurance and Reinsurance segments.

(6) Ratios are based on net premiums earned from P&C operations.


Six Months Ended June 30, 2011							Life
(U.S. dollars in thousands, except ratios)	Insurance		Reinsurance		Total P&C		Operations		Total
Gross premiums written	$	2,512,379	$	1,349,184	$	3,861,563	$	197,940	$	4,059,503
Net premiums written		1,812,181		1,208,160		3,020,341		181,866		3,202,207
Net premiums earned		1,783,363		794,458		2,577,821		181,901		2,759,722
Net losses and loss expenses		(1,396,695)		(635,754)		(2,032,449)		(270,647)		(2,303,096)
Acquisition costs		(221,527)		(164,974)		(386,501)		(17,088)		(403,589)
Operating expenses (1)		(330,703)		(89,183)		(419,886)		(4,889)		(424,775)
Underwriting profit (loss)	$	(165,562)	$	(95,453)	$	(261,015)	$	(110,723)	$	(371,738)
Net investment income		-		-		379,618		159,033		538,651
Net results from structured products (2)		5,950		6,440		12,390		-		12,390
Net fee income and other (3)		(9,130)		1,385		(7,745)		137		(7,608)
Net realized gains (losses) on investments						(37,134)		(38,847)		(75,981)
Contribution from P&C and Life Operations					$	86,114	$	9,600	$	95,714
Corporate & other:
Net realized & unrealized gains (losses) on derivative instruments										(7,383)
Net income (loss) from investment fund affiliates and operating affiliates (4)										97,287
Exchange gains (losses)										(1,016)
Corporate operating expenses										(75,258)
Interest expense (5)										(83,498)
Non-controlling interests										(35,438)
Income tax										7,971
Net income (loss) attributable to XL Group plc									$	(1,621)

Ratios – P&C operations: (6)
Loss and loss expense ratio		78.3%		80.0%		78.8%
Underwriting expense ratio		31.0%		32.0%		31.3%
Combined ratio		109.3%		112.0%		110.1%

_______________

(1) Operating expenses exclude Corporate operating expenses, shown separately.

(2) The net results from P&C structured products include net investment income and interest expense of $38.1 million and $25.7 million, respectively.

(4) The Company records the income related to the alternative funds and to the private investment and operating fund affiliates on a one-month and three-month lag, respectively.

(5) Interest expense excludes interest expense related to deposit liabilities recorded in the Insurance and Reinsurance segments.

(6) Ratios are based on net premiums earned from P&C operations.

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

Three Months Ended June 30, 2012						Life
(U.S. dollars in thousands)		Insurance		Reinsurance		Operations		Total
P&C Operations:
	Casualty - professional lines	$	330,876	$	53,303	$	-	$	384,179
	Casualty - other lines		167,562		76,842		-		244,404
	Property catastrophe		-		113,221		-		113,221
	Other property		124,893		145,025		-		269,918
	Marine, energy, aviation and satellite		143,981		35,627		-		179,608
	Other specialty lines (1)		190,169		-		-		190,169
	Other (2)		1,813		17,660		-		19,473
Total P&C Operations		$	959,294	$	441,678	$	-	$	1,400,972
Life Operations:
	Annuity	$	-	$	-	$	31,243	$	31,243
	Other Life		-		-		54,380		54,380
Total Life Operations		$	-	$	-	$	85,623	$	85,623
Total		$	959,294	$	441,678	$	85,623	$	1,486,595

Three Months Ended June 30, 2011
(U.S. dollars in thousands)
P&C Operations:
	Casualty - professional lines	$	322,654	$	51,915	$	-	$	374,569
	Casualty - other lines		172,246		68,920		-		241,166
	Property catastrophe		-		94,363		-		94,363
	Other property		117,088		135,255		-		252,343
	Marine, energy, aviation and satellite		128,358		30,436		-		158,794
	Other specialty lines (1)		165,027		-		-		165,027
	Other (2)		2,070		17,793		-		19,863
Total P&C Operations		$	907,443	$	398,682	$	-	$	1,306,125
Life Operations:
	Annuity	$	-	$	-	$	33,968	$	33,968
	Other Life		-		-		58,246		58,246
Total Life Operations		$	-	$	-	$	92,214	$	92,214
Total		$	907,443	$	398,682	$	92,214	$	1,398,339

_______________

(1) Other specialty lines within the Insurance segment includes: environmental, programs, equine, warranty, fine art and specie, middle markets, political risk and trade credit, product recall, surety, inland marine and surplus lines.

(2) Other includes whole account contracts, structured indemnity, internal reinsurance and other lines.


Six Months Ended June 30, 2012						Life
(U.S. dollars in thousands)		Insurance		Reinsurance		Operations		Total
P&C Operations:
	Casualty - professional lines	$	654,696	$	108,209	$	-	$	762,905
	Casualty - other lines		334,920		150,080		-		485,000
	Property catastrophe		-		216,146		-		216,146
	Other property		258,312		280,769		-		539,081
	Marine, energy, aviation and satellite		264,081		71,371		-		335,452
	Other specialty lines (1)		374,203		-		-		374,203
	Other (2)		7,138		38,945		-		46,083
Total P&C Operations		$	1,893,350	$	865,520	$	-	$	2,758,870
Life Operations:
	Annuity	$	-	$	-	$	62,700	$	62,700
	Other Life		-		-		101,443		101,443
Total P&C Operations		$	-	$	-	$	164,143	$	164,143
Total		$	1,893,350	$	865,520	$	164,143	$	2,923,013

Six Months Ended June 30, 2011
(U.S. dollars in thousands)
P&C Operations:
	Casualty - professional lines	$	638,297	$	105,632	$	-	$	743,929
	Casualty - other lines		328,950		119,963		-		448,913
	Property catastrophe		-		188,927		-		188,927
	Other property		224,009		271,498		-		495,507
	Marine, energy, aviation and satellite		253,893		68,864		-		322,757
	Other specialty lines (1)		333,693		-		-		333,693
	Other (2)		4,521		39,574		-		44,095
Total P&C Operations		$	1,783,363	$	794,458	$	-	$	2,577,821
Life Operations:
	Annuity	$	-	$	-	$	66,891	$	66,891
	Other Life		-		-		115,010		115,010
Total P&C Operations		$	-	$	-	$	181,901	$	181,901
Total		$	1,783,363	$	794,458	$	181,901	$	2,759,722

_______________

(2) Other includes whole account contracts, structured indemnity, internal reinsurance and other lines.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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