Xl group ltd (XL)
Income statement / Quarterly
Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenues:
Net premiums earned

2,695

2,600

2,676

2,620

2,516

2,522

2,457

2,434

2,532

2,354

2,386

2,423

2,082

1,334

1,436

1,473

1,496

1,488

1,592

1,625

1,562

1,529

1,619

1,548

1,486

1,436

1,477

1,453

1,398

1,361

1,377

1,365

1,302

1,368

1,445

1,429

Net investment income

231

218

217

202

208

200

196

209

215

205

215

225

223

208

226

226

232

233

240

237

232

246

244

239

262

265

270

290

296

280

290

296

302

308

327

328

Realized investment gains (losses):
Net realized gains (losses) on investments AFS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

-

7

15

41

-21

4

17

-28

-34

-30

-3

4

-3

4

Other-than-temporary impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

10

16

18

247

-67

-40

33

-56

-27

-26

-60

459

115

OTTI transferred to (from) other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2

12

2

-4

-0

-12

3

13

10

30

-20

-137

-30

Total realized investment gains (losses)

90

-83

84

43

56

37

31

143

104

92

47

51

49

52

11

4

72

19

12

-1

40

36

11

-5

-12

20

-50

-62

-9

-66

-104

-68

-61

-36

-325

-80

Net realized and unrealized gains (losses) on derivative instruments

16

4

-13

-20

-0

-7

-0

5

0

-3

-4

-7

48

16

11

5

11

1

4

0

-5

7

2

6

-4

0

23

-26

-10

3

-5

12

-19

-20

-9

0

Income (loss) from investment affiliates

16

45

12

57

30

38

50

12

13

-4

10

-3

31

35

20

24

17

33

54

5

46

32

19

16

3

19

-4

-7

10

27

20

3

19

8

42

37

Fee income and other

8

6

13

11

10

13

7

8

10

8

10

7

11

4

11

10

9

11

8

10

10

9

15

13

13

9

11

10

10

8

10

11

9

8

8

9

Total revenues

3,022

2,814

2,901

2,883

2,787

2,755

2,893

2,588

2,647

2,417

2,631

2,569

2,685

1,422

1,447

1,543

1,823

1,787

1,912

1,878

1,888

1,862

1,913

1,817

1,748

1,752

1,728

1,658

1,695

1,614

1,588

1,620

1,552

1,636

1,489

1,725

Expenses:
Net losses and loss expenses incurred

1,721

1,622

1,822

3,066

1,529

1,583

1,566

1,491

1,632

1,382

1,380

1,464

1,151

769

739

859

827

831

944

1,006

937

843

1,190

894

826

854

1,057

988

823

1,208

760

811

747

892

818

779

Claims and policy benefits

10

10

13

10

7

7

11

5

5

4

51

22

22

19

23

20

85

113

121

116

116

110

114

119

131

121

124

139

137

133

122

144

123

123

185

174

Deferred Policy Acquisition Costs, Amortization Expense

471

463

473

445

433

435

392

403

420

403

412

409

341

153

171

182

184

199

218

238

231

220

234

236

218

224

215

207

215

188

208

198

180

201

212

223

Operating expenses

470

472

406

409

472

468

517

508

522

515

563

570

507

325

356

341

333

310

314

311

303

283

286

305

299

282

308

247

266

260

262

236

244

229

234

264

Foreign exchange (gains) losses

12

-9

1

-55

5

3

-45

1

19

33

26

-11

-10

-27

45

23

-21

-10

3

-20

11

33

2

-18

17

-12

2

39

8

-9

1

-44

32

21

16

-145

Loss (gain) sale of subsidiaries

-

-

-

0

-

-

-

3

-

-

-

0

-

0

-

0

-666

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Extinguishment of debt

-

-

-

-1

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

48

53

51

33

54

50

52

49

55

52

52

51

49

51

34

42

14

42

40

37

38

38

37

37

57

39

47

48

55

54

56

58

49

49

53

54

Loss on termination of guarantee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Benefits, Losses and Expenses

2,709

2,632

2,766

4,022

2,491

2,542

2,582

2,454

2,617

2,324

2,440

2,529

2,082

1,347

1,279

1,423

2,132

1,508

1,636

1,731

1,616

1,463

1,860

1,612

1,514

1,533

2,181

1,592

1,488

1,855

1,408

1,494

1,336

1,474

1,487

1,641

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

312

182

134

-1,138

296

213

311

134

29

92

190

39

603

75

167

120

-308

279

276

146

271

399

52

205

233

218

-452

65

206

-240

180

125

215

162

1

83

Income (loss) from operating affiliates

51

10

2

4

42

13

-2

12

21

12

4

8

9

22

13

20

27

46

31

24

32

30

14

2

20

16

-18

35

46

13

74

14

21

11

23

17

Gain on sale of operating affiliate

-

-

-

-

-

-

-

-

-

-

0

0

340

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (benefit) for income tax

27

31

77

-60

29

13

-0

17

2

22

-39

-37

32

24

38

30

-5

34

4

0

28

43

-17

0

29

21

42

24

24

-32

60

29

42

29

3

16

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

336

161

59

-1,073

310

213

309

128

48

83

234

85

919

73

142

109

-275

291

303

170

275

386

84

207

224

213

-514

76

227

-193

195

110

193

143

21

85

Non-controlling interests

17

8

31

-30

8

61

4

58

5

61

6

57

4

37

3

37

3

35

2

35

3

35

3

35

3

36

1

33

2

33

7

32

-0

-0

-0

-0

Net Income (Loss) Attributable to Parent

318

152

28

-1,043

301

152

304

70

43

21

228

27

915

36

139

72

-279

255

300

135

272

350

81

171

221

176

-

42

225

-

188

77

194

143

21

85

Preference share dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2

32

32

5

Gain on redemption of Redeemable Series C preference ordinary shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

16

-

-

Net income (loss) attributable to ordinary shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-227

188

77

191

127

-11

79

Weighted average common shares outstanding - basic (in thousands of shares)

258

256

255

257

260

265

268

273

281

291

297

301

289

255

256

264

270

276

281

285

289

295

300

304

309

315

319

311

309

311

322

338

342

342

342

0

Weighted average common shares outstanding - diluted (in thousands of shares)

263

261

243

261

264

269

272

277

285

296

302

306

293

260

265

269

270

280

283

290

294

299

303

307

312

317

284

313

341

311

325

339

342

342

342

0

Earnings (loss) per common share and common share equivalent - basic (in dollars per share)

1.23

0.59

0.00

-4.06

1.16

0.58

1.09

0.26

0.16

0.07

0.83

0.09

3.16

0.14

0.54

0.27

-1.03

0.93

1.07

0.48

0.94

1.19

0.28

0.57

0.71

0.56

-1.66

0.14

0.73

-0.73

0.58

0.23

0.56

0.37

-0.03

0.23

Earnings (loss) per common share and common share equivalent - diluted (in dollars per share)

1.21

0.58

0.00

-4.06

1.14

0.57

1.09

0.25

0.15

0.07

0.81

0.09

3.11

0.14

0.54

0.27

-1.03

0.91

1.06

0.47

0.93

1.17

0.27

0.56

0.71

0.56

-1.62

0.14

0.69

-0.73

0.57

0.23

0.56

0.37

-0.03

0.23

Excluding Life Funds Withheld Assets
Net investment income

201

188

186

171

177

167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized gains (losses) on investments AFS

-14

-31

38

35

50

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized and change in net unrealized gains (losses) on equity securities

35

-36

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized and change in net unrealized gains (losses) on other investments

9

8

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-than-temporary impairments

2

1

1

3

1

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OTTI transferred to (from) other comprehensive income

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Life Funds Withheld Assets [Member]
Net investment income

30

30

31

30

31

33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized gains (losses) on investments AFS

-

-

-

18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-than-temporary impairments

0

1

1

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized gains (losses) on investments and change in net unrealized gains (losses) on investments, trading - Life Funds Withheld Assets

63

-21

-

-

7

33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized and unrealized gains (losses) on derivative instruments

-36

22

-89

-31

-34

-50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Life Funds Withheld Assets
Net unrealized gains (losses) on investments, Trading - Life Funds Withheld Assets

-

-

-

-7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-