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Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

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

Three Months Ended September 30, 2012							Life
(U.S. dollars in thousands, except ratios)	Insurance		Reinsurance		Total P&C		Operations		Total
Gross premiums written	$	1,158,683	$	417,548	$	1,576,231	$	87,413	$	1,663,644
Net premiums written		905,054		403,210		1,308,264		79,487		1,387,751
Net premiums earned		985,623		482,930		1,468,553		79,487		1,548,040
Net losses and loss expenses		(623,543)		(270,533)		(894,076)		(119,439)		(1,013,515)
Acquisition costs		(128,514)		(97,739)		(226,253)		(10,094)		(236,347)
Operating expenses (1)		(186,794)		(47,227)		(234,021)		(2,352)		(236,373)
Underwriting profit (loss)	$	46,772	$	67,431	$	114,203	$	(52,398)	$	61,805
Net investment income						148,482		73,479		221,961
Net results from structured products (2)		3,087		2,614		5,701		-		5,701
Net fee income and other (3)		591		657		1,248		240		1,488
Net realized gains (losses) on investments						2,257		(7,750)		(5,493)
Contribution from P&C and Life Operations					$	271,891	$	13,571	$	285,462
Corporate & other:
Net realized & unrealized gains (losses) on derivative instruments										6,254
Net income (loss) from investment fund affiliates and operating affiliates (4)										18,967
Exchange gains (losses)										(18,690)
Corporate operating expenses										(57,604)
Interest expense (5)										(26,192)
Non-controlling interests										(35,844)
Income tax										(451)
Net income (loss) attributable to XL Group plc									$	171,902

Ratios – P&C operations: (6)
Loss and loss expense ratio		63.3%		56.0%		60.9%
Underwriting expense ratio		32.0%		30.0%		31.3%
Combined ratio		95.3%		86.0%		92.2%

_______________

(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 $11.7 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 September 30, 2011							Life
(U.S. dollars in thousands, except ratios)	Insurance		Reinsurance		Total P&C		Operations		Total
Gross premiums written	$	1,156,901	$	619,260	$	1,776,161	$	100,564	$	1,876,725
Net premiums written		872,757		419,949		1,292,706		90,769		1,383,475
Net premiums earned		930,067		432,465		1,362,532		90,794		1,453,326
Net losses and loss expenses		(767,091)		(220,968)		(988,059)		(139,549)		(1,127,608)
Acquisition costs		(118,521)		(79,839)		(198,360)		(9,193)		(207,553)
Operating expenses (1)		(158,134)		(40,179)		(198,313)		(2,352)		(200,665)
Underwriting profit (loss)	$	(113,679)	$	91,479	$	(22,200)	$	(60,300)	$	(82,500)
Net investment income						190,886		80,349		271,235
Net results from structured products (2)		2,457		3,388		5,845		-		5,845
Net fee income and other (3)		(3,484)		1,120		(2,364)		41		(2,323)
Net realized gains (losses) on investments						(39,047)		(23,307)		(62,354)
Contribution from P&C and Life Operations					$	133,120	$	(3,217)	$	129,903
Corporate & other:
Net realized & unrealized gains (losses) on derivative instruments										(26,916)
Net income (loss) from investment fund affiliates and operating affiliates (4)										28,429
Exchange gains (losses)										39,425
Corporate operating expenses										(33,847)
Interest expense (5)										(35,885)
Non-controlling interests										(33,993)
Income tax										(24,718)
Net income (loss) attributable to XL Group plc									$	42,398

Ratios – P&C operations: (6)
Loss and loss expense ratio		82.5%		51.1%		72.5%
Underwriting expense ratio		29.7%		27.7%		29.1%
Combined ratio		112.2%		78.8%		101.6%

_______________

(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 $18.9 million and $13.0 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.


Nine Months Ended September 30, 2012							Life
(U.S. dollars in thousands, except ratios)	Insurance		Reinsurance		Total P&C		Operations		Total
Gross premiums written	$	3,806,351	$	1,850,315	$	5,656,666	$	267,000	$	5,923,666
Net premiums written		2,885,847		1,732,923		4,618,770		243,606		4,862,376
Net premiums earned		2,878,973		1,348,450		4,227,423		243,630		4,471,053
Net losses and loss expenses		(1,890,512)		(683,984)		(2,574,496)		(371,896)		(2,946,392)
Acquisition costs		(380,054)		(273,706)		(653,760)		(25,675)		(679,435)
Operating expenses (1)		(564,387)		(127,965)		(692,352)		(7,788)		(700,140)
Underwriting profit (loss)	$	44,020	$	262,795	$	306,815	$	(161,729)	$	145,086
Net investment income						492,031		223,150		715,181
Net results from structured products (2)		14,953		(17,801)		(2,848)		-		(2,848)
Net fee income and other (3)		(3,276)		1,980		(1,296)		330		(966)
Net realized gains (losses) on investments						25,070		(22,153)		2,917
Contribution from P&C and Life Operations					$	819,772	$	39,598	$	859,370
Corporate & other:
Net realized & unrealized gains (losses) on derivative instruments										2,656
Net income (loss) from investment fund affiliates and operating affiliates (4)										80,286
Exchange gains (losses)										(13,432)
Corporate operating expenses										(151,925)
Interest expense (5)										(79,601)
Non-controlling interests										(75,855)
Income tax										(51,813)
Net income (loss) attributable to XL Group plc									$	569,686

Ratios – P&C operations: (6)
Loss and loss expense ratio		65.7%		50.7%		60.9%
Underwriting expense ratio		32.8%		29.8%		31.8%
Combined ratio		98.5%		80.5%		92.7%

_______________

(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 $52.2 million and $55.0 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.


Nine Months Ended September 30, 2011							Life
(U.S. dollars in thousands, except ratios)	Insurance		Reinsurance		Total P&C		Operations		Total
Gross premiums written	$	3,669,280	$	1,968,444	$	5,637,724	$	298,504	$	5,936,228
Net premiums written		2,684,938		1,628,109		4,313,047		272,635		4,585,682
Net premiums earned		2,713,430		1,226,923		3,940,353		272,695		4,213,048
Net losses and loss expenses		(2,163,786)		(856,722)		(3,020,508)		(410,196)		(3,430,704)
Acquisition costs		(340,048)		(244,813)		(584,861)		(26,281)		(611,142)
Operating expenses (1)		(488,837)		(129,362)		(618,199)		(7,241)		(625,440)
Underwriting profit (loss)	$	(279,241)	$	(3,974)	$	(283,215)	$	(171,023)	$	(454,238)
Net investment income						570,504		239,382		809,886
Net results from structured products (2)		8,407		9,828		18,235		-		18,235
Net fee income and other (3)		(12,614)		2,505		(10,109)		178		(9,931)
Net realized gains (losses) on investments						(76,181)		(62,154)		(138,335)
Contribution from P&C and Life Operations					$	219,234	$	6,383	$	225,617
Corporate & other:
Net realized & unrealized gains (losses) on derivative instruments										(34,299)
Net income (loss) from investment fund affiliates and operating affiliates (4)										125,716
Exchange gains (losses)										38,409
Corporate operating expenses										(109,105)
Interest expense (5)										(119,383)
Non-controlling interests										(69,431)
Income tax										(16,747)
Net income (loss) attributable to XL Group plc									$	40,777

Ratios – P&C operations: (6)
Loss and loss expense ratio		79.7%		69.8%		76.7%
Underwriting expense ratio		30.6%		30.5%		30.5%
Combined ratio		110.3%		100.3%		107.2%

_______________

(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 $57.0 million and $38.8 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 September 30, 2012						Life
(U.S. dollars in thousands)		Insurance		Reinsurance		Operations		Total
P&C Operations:
	Casualty - professional lines	$	345,722	$	47,874	$	-	$	393,596
	Casualty - other lines		181,265		81,798		-		263,063
	Property catastrophe		-		113,167		-		113,167
	Other property		140,858		170,856		-		311,714
	Marine, energy, aviation and satellite		130,497		33,091		-		163,588
	Other specialty lines (1)		185,622		-		-		185,622
	Other (2)		1,659		36,144		-		37,803
Total P&C Operations		$	985,623	$	482,930	$	-	$	1,468,553
Life Operations:
	Annuity	$	-	$	-	$	31,960	$	31,960
	Other Life		-		-		47,527		47,527
Total Life Operations		$	-	$	-	$	79,487	$	79,487
Total		$	985,623	$	482,930	$	79,487	$	1,548,040

Three Months Ended September 30, 2011
(U.S. dollars in thousands)
P&C Operations:
	Casualty - professional lines	$	319,101	$	51,945	$	-	$	371,046
	Casualty - other lines		172,684		64,274		-		236,958
	Property catastrophe		-		97,158		-		97,158
	Other property		120,394		161,585		-		281,979
	Marine, energy, aviation and satellite		138,290		32,162		-		170,452
	Other specialty lines (1)		178,706		-		-		178,706
	Other (2)		892		25,341		-		26,233
Total P&C Operations		$	930,067	$	432,465	$	-	$	1,362,532
Life Operations:
	Annuity	$	-	$	-	$	33,342	$	33,342
	Other Life		-		-		57,452		57,452
Total Life Operations		$	-	$	-	$	90,794	$	90,794
Total		$	930,067	$	432,465	$	90,794	$	1,453,326

_______________

(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.


Nine Months Ended September 30, 2012						Life
(U.S. dollars in thousands)		Insurance		Reinsurance		Operations		Total
P&C Operations:
	Casualty - professional lines	$	1,000,417	$	156,082	$	-	$	1,156,499
	Casualty - other lines		516,185		231,879		-		748,064
	Property catastrophe		-		329,313		-		329,313
	Other property		399,170		451,625		-		850,795
	Marine, energy, aviation and satellite		394,578		104,462		-		499,040
	Other specialty lines (1)		559,826		-		-		559,826
	Other (2)		8,797		75,089		-		83,886
Total P&C Operations		$	2,878,973	$	1,348,450	$	-	$	4,227,423
Life Operations:
	Annuity	$	-	$	-	$	94,660	$	94,660
	Other Life		-		-		148,970		148,970
Total Life Operations		$	-	$	-	$	243,630	$	243,630
Total		$	2,878,973	$	1,348,450	$	243,630	$	4,471,053

Nine Months Ended September 30, 2011
(U.S. dollars in thousands)
P&C Operations:
	Casualty - professional lines	$	957,399	$	157,576	$	-	$	1,114,975
	Casualty - other lines		501,634		184,238		-		685,872
	Property catastrophe		-		286,085		-		286,085
	Other property		344,403		433,083		-		777,486
	Marine, energy, aviation and satellite		392,183		101,026		-		493,209
	Other specialty lines (1)		512,399		-		-		512,399
	Other (2)		5,412		64,915		-		70,327
Total P&C Operations		$	2,713,430	$	1,226,923	$	-	$	3,940,353
Life Operations:
	Annuity	$	-	$	-	$	100,232	$	100,232
	Other Life		-		-		172,463		172,463
Total Life Operations		$	-	$	-	$	272,695	$	272,695
Total		$	2,713,430	$	1,226,923	$	272,695	$	4,213,048

_______________

(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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