NU Online News Service, Feb.11, 11:00 a.m. EST

XL employees are no longer working to avoid a crisis, the Bermuda company's chief executive said, reporting a 2009 fourth-quarter net loss of $40.3 million an improvement over the $1.4 billion loss for the period in the prior year.

For the full year the company reported Tuesday a 2009 profit of $206.6 million, compared to a $2.6 billion loss for 2008.

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