XL Capital First Quarter Earnings Call
24th May 2008 00:00 AM |
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| Strategic initiatives for organic and profitable expansion across the organization continue to bear fruits despite a difficult environment. |
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| The provider of insurance and reinsurance coverages reported income of $212 million, or $1.20 a share, down 62% from 2007 due primarily to a decrease in net income from investment affiliates of $107 million and a 13% decline in revenues to $2.17 billion. Although XL is steadily navigating through some extremely difficult global credit market conditions, which is reflected in the lower investment performance, it achieved solid performance from the Insurance, Reinsurance, and Life operations. |
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XL Capital First Quarter Earnings Call
28th March 2008 00:00 AM |
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| The net income was $549.7 million or $3.06 per share compared with net income of $458.5 million, or $2.56 per share in prior year. |
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| The provider of insurance and reinsurance services reported that the total net investment income for the quarter increased to $553.1 million while net income from investment and operating affiliates was $176.0 million. During the quarter, underwriting results in Insurance were strong and Reinsurance results were solid despite losses from Windstorm Kyrill. During the quarter, XL Capital repurchased 3.17 million ordinary shares at an average price of $69.82 per share. |
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XL Capital Fourth Quarter Earnings Call
9th February 2008 00:00 AM |
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| Net loss was $1.1 billion or $6.01 a share, down 125% from 2006 on credit market related charges stemming from losses and write downs. |
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| The provider of insurance and reinsurance coverage reported a 24% decrease in revenues to $1.9 billion from $2.5 billion in the prior year with the results impacted by losses and write downs related to certain of operating affiliates and investment portfolio totaling $1.5 billion. Consequently, rating agencies downgraded the firm’s ratings. It also repurchased 1.78 million ordinary shares at an average price of $69.81 per share and paid a dividend 38 cents per share. |
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