NU Online News Service, Nov. 3, 3:02 p.m. EDT
Hamilton, Bermuda-based XL reported a 2010 third-quarter increase in net income while two other Bermuda-based insurers and reinsurers said net income was down for quarter.
XL's net income for the quarter was $77.5 million, compared to $11.4 million in the 2009 third quarter. Property and casualty operations had a combined ratio of 94.9 compared to 93.2 a year ago.
Included in the net income numbers were after-tax realized losses on investments of $71.9 million, compared to losses of $310.8 million for the quarter, and after-tax foreign exchange losses of $37.9 million, compared to after-tax foreign exchange gains of $13.8 million in the prior year quarter, XL said.
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
Already have an account? Sign In Now
© 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.
