TUESDAY, MAY 8: XL Group plc (“XL” or the “Company”) (NYSE: XL) today reported its first quarter 2012 results.
Commenting on the Company’s performance, Chief Executive Officer Mike McGavick said:
“We believe XL’s first quarter 2012 financial results are a solid step forward. In the quarter, we showed improvement in many of our most important metrics. We delivered both lower loss ratios and combined ratios in insurance and reinsurance. Our investment portfolio performed well, and we grew book value as we continued to buy back shares. We are pleased with our progress and we are resolved to continue this trend as demand for solutions to complex risks grows and pricing improves. The world-class talent we have assembled at XL is fully energized and focused.”
Read the full report here.