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Last $36.89 USD
Change Today -0.36 / -0.97%
Volume 1.7M
XL On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 2:33 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

xl group plc (XL) Snapshot

Open
$37.13
Previous Close
$37.25
Day High
$37.20
Day Low
$36.82
52 Week High
04/15/15 - $38.26
52 Week Low
10/15/14 - $30.83
Market Cap
9.5B
Average Volume 10 Days
5.0M
EPS TTM
$4.08
Shares Outstanding
256.6M
EX-Date
03/11/15
P/E TM
9.0x
Dividend
$0.64
Dividend Yield
1.73%
Current Stock Chart for XL GROUP PLC (XL)

xl group plc (XL) Related Businessweek News

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xl group plc (XL) Details

XL GROUP Public Limited Company, an insurance and reinsurance company, provides property, casualty, and specialty products to industrial, commercial, and professional firms; and insurance companies and other enterprises worldwide. The company operates in two segments: Insurance and Reinsurance. The Insurance segment offers property, primary and excess casualty, environmental liability, excess and surplus lines, construction, and surety insurance products, as well as property and casualty programs. It also provides professional lines, such as directors’ and officers’ liability, errors and omissions liability, employment practices liability, and technology and cyber liability coverages; and specialty lines, including aviation and satellite, marine and offshore energy, fine art and specie, equine, product recall, political risk and trade credit, political violence, kidnap and ransom, and North America inland marine insurance products. This segment also offers risk management solutions; and underwrites and prices various risks individually. The Reinsurance segment provides casualty, property risk, property catastrophe, marine, aviation, crop, treaty, energy, marine, space, engineering, fidelity, surety, trade credit, accident and health, mortgage, and political risk products; and underwriting services. The company markets its products and services through international, national, and regional producers, acting as the brokers and representatives of policyholders; and through general agents and independent agents acting on behalf of the company. XL GROUP Public Limited Company was founded in 1986 and is headquartered in Dublin, Ireland.

4,663 Employees
Last Reported Date: 02/25/15
Founded in 1986

xl group plc (XL) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.3M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.6M
Executive Vice President and Chief Executive ...
Total Annual Compensation: $700.0K
Chief Investment Officer, Executive Vice Pres...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2014.

xl group plc (XL) Key Developments

XL Group plc Appoints Stephen Catlin as Executive Deputy Chairman and to its Board

XL Group plc announced that it has completed the acquisition of Catlin Group Limited following the parties' previously announced entry into an agreement on January 9, 2015 to acquire all of the capital stock of Catlin to form a combined business. As previously announced, Mike McGavick will continue as CEO, and Stephen Catlin, founder and CEO of Catlin Group Limited, has joined XL as Executive Deputy Chairman, also serving on the Company's Board of Directors.

XL Group plc Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

XL Group plc reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net investment income - excluding Life Funds Withheld Assets of $158,094,000 compared to $233,139,000 for the same period a year ago. Total adjusted revenues were $1,553,274,000 compared to $1,787,824,000 last year. Income before income tax,  income from operating affiliates, and Life Retrocession Arrangements was $203,494,000 compared to $279,512,000 last year. Net income was $73,671,000 compared to $291,476,000 last year. Net income attributable to ordinary shareholders was $36,281,000 or $0.14 per diluted share compared to $255,717,000 or $0.91 per diluted share last year. Operating net income was $194,376,000 or $0.75 per diluted share compared to $238,649,000 or $0.85 per diluted share last year. Annualized return on ordinary shareholders' equity based on operating net income was 7.7% compared to 9.4% last year. Annualized operating return on average ordinary shareholders' equity excluding average unrealized gains and losses on investments was 9.1% compared to 10.3% last year. Annualized operating net income was $777,504,000 compared to $954,596,000 last year. Fully diluted book value per ordinary share was $39.30 and fully diluted tangible book value per ordinary share of $37.60 as on March 31, 2015 compared to fully diluted book value per ordinary share was $38.51 and fully diluted tangible book value per ordinary share of $36.79 as on December 31, 2014. Net investment income for the quarter was $208.5 million, compared to $233.2 million in the prior year quarter. The overall decline is primarily due to the normal turnover of the portfolio combined with foreign exchange impacts.  Included in investment income in the current quarter is $50.4 million of income related to designated investments that support the Life Retrocession Arrangements written on a funds withheld basis compared to $53.9 million in the fourth quarter of 2014.

XL Group Introduces Simplified Environmental Excess Policy Form

XL Group's Environmental insurance business has created a new excess insurance policy providing their clients and brokers in the US and Canada with a simplified solution for buying an additional layer of environmental insurance protection. This new excess insurance form supports a consistent coverage approach between the excess layer and the underlying policy. This new excess policy protects clients with environmental exposures that could lead to a multimillion dollar claim. Excess protection reinforces a company's environmental stewardship commitment, helping it address the high costs and cleanup of catastrophic pollution events. XL Group'snew two-page Environmental Excess Policy provides up to $50 million of additional pollution limits over another insurance carrier's environmental insurance policy. Coverage can be written over both occurrence and claims made policies.

 

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Industry Analysis

XL

Industry Average

Valuation XL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.4x
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