Insight and Intelligence on the Global Facultative Markets

5 February 2012

XL Capital returns to the red

30 October 2009

Bermudian XL Capital returned to loss-making in the third quarter of 2009, having posted net profits in the second quarter, recording a $11.4mn net loss.

The loss was largely a result of $310.8mn in after-tax net realised losses on investments recognised by the (re)insurer in the period, which ate into operating income of $306.4mn for the quarter.

Despite returning to the red, the company's core property casualty operations performed well, with a combined ratio of 93.2 percent compared to 106.3...

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