sector: Financials ·
industry: Insurance - Property & Casualty ·
As of
2:31am IST
18.32USD
XL Capital Ltd (XL) is a provider of insurance and reinsurance coverage to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. The Company operates through four business segments: Insurance, Reinsurance, Life Operations and Other Financial Lines. The Company provides commercial property and casualty insurance products on a global basis. The Company provides casualty, property risk (including energy and engineering), property catastrophe, marine, aviation, and other specialty reinsurance on a global basis. The Life Operations segment provides life reinsurance on business written by life insurance companies, principally to help them manage mortality, morbidity, survivorship, investment and lapse risks. The Other Financial Lines segment comprise the guaranteed investment contract (GIC) and funding agreement (FA) businesses.
BRIEF: For the nine months ended 30 September 2009, XL Capital Ltd.'s revenues decreased 22% to $4.74B. Net income applicable to Common $246.9M, vs. an loss of $1.19B. Revenue reflect a decrease in income from net premium earned from P&C operations and lower net investment income. Net income reflects increased exchange losses, higher realized losses on investments and an increase in loss on derivatives. The Company is a leading provider of global insurance.
XL Capital Ltd
XL House, 1 Bermudiana Road
Hamilton HM 11
P: +1441.2928515
F: +1441.2925280