XL Group Q1 Profit Meets Estimate

(RTTNews) - XL Group plc (XL) reported net income for the first quarter of $36.3 million or $0.14 per share, compared to $255.7 million or $0.91 per share for the year-ago quarter.

Operating earnings for the first quarter was $194.4 million or $0.75 per share, compared to $238.6 million or $0.85 per share in the prior year quarter.

Net premium earned for the first quarter fell to $1.33 billion from $1.49 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.75 per share on revenue of $1.44 billion for the first quarter. Analysts' estimates typically exclude special items.