UPDATE: XL Group Posts Q4 Profit
XL Group PLC (NYSE: XL) posted a profit in the fourth quarter.
XL Group posted a quarterly profit of $81.4 million, or $0.27 per share, versus a year-ago loss of $515.5 million, or $1.62 per share. Its operating income came in at $0.13 per share.
Net premiums written rose 19% to $1.34 billion in the period. However, analysts were expecting an operating loss of $0.35 per share.
XL Group's total expenses dropped 15%.
XL Group shares gained 0.07% to $27.86 in after-hours trading.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.