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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Net premiums earned $ 1,548,040 $ 1,453,326 $ 4,471,053 $ 4,213,048
Net investment income 239,480 290,106 767,353 866,874
Realized investment gains (losses):        
Net realized gains (losses) on investments sold 7,136 4,461 64,704 (6,899)
Other-than-temporary impairments on investments (10,295) (67,513) (45,028) (141,321)
Other-than-temporary impairments on investments transferred to (from) other comprehensive income (2,334) 698 (16,759) 9,885
Total net realized gains (losses) on investments (5,493) (62,354) 2,917 (138,335)
Net realized & unrealized (gains) losses on derivative instruments 6,254 (26,916) 2,656 (34,299)
Income (loss) from investment fund affiliates 16,050 (7,123) 38,555 30,277
Fee income and other 13,153 10,980 34,121 30,494
Total revenues 1,817,484 1,658,019 5,316,655 4,968,059
Expenses:        
Net losses and loss expenses incurred 894,076 988,059 2,574,496 3,020,508
Claims and policy benefits 119,439 139,549 371,896 410,196
Acquisition costs 236,347 207,553 679,435 611,142
Operating expenses 305,746 247,815 887,209 774,949
Foreign exchange (gains) losses 18,690 (39,425) 13,432 (38,409)
Interest expense 37,906 48,911 134,564 158,157
Total expenses 1,612,204 1,592,462 4,661,032 4,936,543
Income (loss) before income tax and income (loss) from operating affiliates 205,280 65,557 655,623 31,516
Income (loss) from operating affiliates 2,917 35,552 41,731 95,439
Provision (benefit) for income tax 451 24,718 51,813 16,747
Net income (loss) 207,746 76,391 645,541 110,208
Non-controlling interests (35,844) (33,993) (75,855) (69,431)
Net income (loss) attributable to XL Group plc and ordinary shareholders $ 171,902 $ 42,398 $ 569,686 $ 40,777
Weighted average ordinary shares and ordinary share equivalents outstanding - basic (in shares) 304,199 311,714 309,675 310,793
Weighted average ordinary shares and ordinary share equivalents outstanding - diluted (in shares) 307,764 313,848 312,602 314,842
Earnings (loss) per ordinary share and ordinary share equivalent - basic (in dollars per share) $ 0.57 $ 0.14 $ 1.84 $ 0.13
Earnings (loss) per ordinary share and ordinary share equivalent - diluted (in dollars per share) $ 0.56 $ 0.14 $ 1.82 $ 0.13