XL First-Quarter Profit Falls 2%

NU Online News Service, April 28, 9:14 a.m. EDT?XL Capital Ltd. reported a quarterly profit lower by 2 percent but operating income at a record-high level.[@@]

The Bermuda-based XL, a global provider of property-casualty insurance and reinsurance, said its 2005 first-quarter profit came in at $453 million, down from $462.2 million one year ago. Its operating income was $346.5 million, up from $332.5 million last year.

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