XML 61 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Net premiums earned $ 1,529,691 $ 1,436,418
Net investment income 246,469 265,242
Realized investment gains (losses):    
Net realized gains (losses) on investments sold 41,147 41,768
Other-than-temporary impairments on investments (3,727) (18,565)
Other-than-temporary impairments on investments transferred to (from) other comprehensive income (910) (2,400)
Net realized gains (losses) on investments 36,510 20,803
Net realized and unrealized gains (losses) on derivative instruments 7,885 702
Income (loss) from investment fund affiliates 32,221 19,408
Fee income and other 9,632 9,859
Total revenues 1,862,408 1,752,432
Expenses:    
Net losses and loss expenses incurred 843,084 854,065
Claims and policy benefits 110,954 121,307
Acquisition costs 220,259 224,151
Operating expenses 283,833 282,411
Exchange (gains) losses (33,435) 12,718
Interest expense 38,700 39,298
Total expenses 1,463,395 1,533,950
Income (loss) before income tax and income (loss) from operating affiliates 399,013 218,482
Income (loss) from operating affiliates 30,998 16,253
Provision (benefit) for income tax 43,479 21,550
Net income (loss) 386,532 213,185
Non-controlling interests (35,742) (36,557)
Net income (loss) attributable to XL Group plc and ordinary shareholders $ 350,790 $ 176,628
Weighted average ordinary shares and ordinary share equivalents outstanding - basic (in shares) 295,000 315,120
Weighted average ordinary shares and ordinary share equivalents outstanding - diluted (in shares) 299,469 317,639
Earnings (loss) per ordinary share and ordinary share equivalent - basic (in dollars per share) $ 1.19 $ 0.56
Earnings (loss) per ordinary share and ordinary share equivalent - diluted (in dollars per share) $ 1.17 $ 0.56