Copying and distributing are prohibited without permission of the publisher
XL "will not shy away from our 2011 results”
09 February 2012
XL Group posts net loss of $515.5m for the fourth quarter and $474.8m for the year.
XL Group has posted a net loss of $515.5m for the fourth
quarter, compared with net income of $188.1m in the same period
For the full year, the firm made a net loss of $474.8m,
compared with $585.5m in 2010. The firm said this was largely
driven by a non-cash goodwill impairment charge of $429m in the
fourth quarter, in addition to natural catastrophe losses for
the quarter and full year.
Subscribers have unlimited access to all current and archive content ï¿½ start your subscription today to gain immediate access.
A free trial will give you temporary access to the latest news, data, key interviews and analysis (excluding some surveys). Start your free trial today.