XL Group Q4 Profit Decreases - Quick Facts

(RTTNews) - XL Group plc (XL) reported fourth-quarter net income to ordinary shareholders of $139.50 million or $0.53 per share, compared to $300.78 million or $1.05 per share, prior year. The company said its net income for the current quarter was negatively impacted by the life retrocession derivative, which is offset by an increase in accumulated comprehensive income and therefore does not impact overall book value. Operating net earnings was $293.93 million or $1.12 per share, for the quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.89 for the quarter. Analysts' estimates typically exclude special items.

Net premiums earned totalled $1.44 billion, compared to $1.59 billion, last year. Adjusted revenue was $1.67 billion compared to $1.91 billion last year. Analysts expected revenue of $1.42 billion for the quarter.