XL Group Q4 Profit Surges - Quick Facts

(RTTNews) - XL Group plc (XL) Wednesday reported fourth-quarter profit of $300.78 million or $1.05 per share, up from $81.44 million or $0.27 per share in the same period last year. Operating earnings for the quarter was $286.88 million or $1.00 per share. On average, 21 analysts polled by Thomson Reuters expected the company to earn $0.82 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues dropped to $1.912 billion from $1.913 billion last year. Net premiums earned decreased to $1.51 billion from $1.54 billion last year. Net-investment income totaled $240.78 million, up from $244.99 million last year.

Analysts expected revenues of $1.56 billion.

Combined ratio for the quarter was 93.3 percent, compared to 105.9 percent last year.