XL Capital net income grew 16 percent in the first quarter of this year compared with the same 2006 period, the Bermuda-based carrier reported.

The insurer's quarterly net income was $549.7 million, or $3.06 per share, compared with $485.5 million, or $2.56 per share for the same year-ago period.

Underwriting profit for the quarter rose to $107.3 million compared with $64.7 million as losses from Windstorm Kyrill proved less than expected.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.