NU Online News Service, Aug. 8, 2:20 p.m. EDT
XL Group reports 2012 second-quarter earnings 15 cents above consensus estimates, but still 5.3 percent lower than last year. Operating income was also down 8.7 percent compared to the same period a year ago.
Though the second quarter experienced solid underwriting results, lower investment yields and income from operating affiliates offset the positive impact. However, company officials say some of the decline stemmed from what they termed “targeted non-renewal.”
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
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.