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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Net premiums earned $ 1,486,595 $ 1,398,339 $ 2,923,013 $ 2,759,722
Net investment income 262,631 296,505 527,873 576,768
Realized investment gains (losses):        
Net realized gains (losses) on investments sold 15,800 17,632 57,568 (11,360)
Other-than-temporary impairments on investments (16,168) (40,088) (34,733) (73,808)
Other-than-temporary impairments on investments transferred to (from) other comprehensive income (12,025) 12,912 (14,425) 9,187
Total net realized (losses) on investments (12,393) (9,544) 8,410 (75,981)
Net realized and unrealized (losses) on derivative instruments (4,300) (10,950) (3,598) (7,383)
Income (loss) from investment fund affiliates 3,097 10,250 22,505 37,400
Fee income and other 11,109 10,582 20,968 19,514
Total revenues 1,746,739 1,695,182 3,499,171 3,310,040
Expenses:        
Net losses and loss expenses incurred 826,355 823,584 1,680,420 2,032,449
Claims and policy benefits 131,150 137,416 252,457 270,647
Acquisition costs 218,937 215,099 443,088 403,589
Operating expenses 299,052 266,142 581,463 527,134
Foreign exchange (gains) losses (17,976) (8,498) (5,258) 1,016
Interest expense 57,360 55,099 96,658 109,246
Total expenses 1,514,878 1,488,842 3,048,828 3,344,081
Income (loss) before income tax and income (loss) from operating affiliates 231,861 206,340 450,343 (34,041)
Income (loss) from operating affiliates 22,561 46,251 38,814 59,887
Provision (benefit) for income tax 29,812 24,826 51,362 (7,971)
Net income (loss) 224,610 227,765 437,795 33,817
Non-controlling interests (3,454) (2,102) (40,011) (35,438)
Net income (loss) attributable to XL Group plc and ordinary shareholders $ 221,156 $ 225,663 $ 397,784 $ (1,621)
Weighted average ordinary shares and ordinary share equivalents outstanding - basic (in shares) 309,765 309,184 312,442 310,325
Weighted average ordinary shares and ordinary share equivalents outstanding - diluted (in shares) 312,435 341,989 315,010 310,325
Earnings (loss) per ordinary share and ordinary share equivalent - basic (in dollars per share) $ 0.71 $ 0.73 $ 1.27 $ (0.01)
Earnings (loss) per ordinary share and ordinary share equivalent - diluted (in dollars per share) $ 0.71 $ 0.69 $ 1.26 $ (0.01)