Market Overview

UPDATE: XL Group Posts Q4 Profit

Related XL
Morgan Stanley's Top Financial Investment Ideas Post Q3 Earnings Includes Several Surprises
Morgan Stanley Leaves Thesis On XL Group plc Unchanged After News That Reinsurance Chief Will Retire

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.

Posted-In: profitEarnings News

 

Related Articles (XL)

Around the Web, We're Loving...

Get Benzinga's Newsletters