Copying and distributing are prohibited without permission of the publisher
XL Capital de-risking leads to reduced Q4 loss
09 February 2010
Bermudian insurer and reinsurer XL Capital today reported a net loss for the fourth quarter of 2009 of $40.3m, compared with a net loss of $1.4bn in the fourth quarter of 2008.
Read more:
xl capital
michael mcgavick
Bermudian insurer and reinsurer XL Capital today reported a net loss for the fourth quarter of 2009 of $40.3m, compared with a net loss of $1.4bn in the fourth quarter of 2008. The quarterly loss was as a result of $254.8m after-tax net realised losses on investments.
For the year, the company produced net income of $206.6m, compared with a net loss of $2.6bn in 2008.
XL Capital’s property/casualty operations had a combined ratio of 96.4% for the quarter,...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.