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UPDATE: XL Group Posts Q4 Profit

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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

 

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