XL GROUP LTD

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2018 10-Q, filed Aug 3, 2018. Its latest SEC filing is a SC 13G from Feb 13, 2019.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Provides property, casualty and specialty insurance and reinsurance to industrial, commercial and professional firms, insurance companies and other enterprises worldwide.

How Did They Make Money?

FY2017 revenue

Who Were Their Customers?

Industrial, commercial and professional firms and other enterprises buy insurance, mainly through brokers and other producers; insurance companies buy reinsurance.

Did Revenues Turn Into Profits?

No. It lost $560.4M in FY2017.

Operating income, FY2017

14% of revenue

▼ −35% vs FY2016 ($2.4B, 23%)

Net income, FY2017

−5% of revenue

▼ Now a loss vs FY2016 ($441M, 4%)

How Were They Changing?

Since the FY2017 annual report

Latest quarter: Q2 FY2018, the three months to Jun 30, 2018

Revenue: ▲ +8%; vs $2.8B in Q2 FY2017
Net income: ▲ +6%; vs $301.6M in Q2 FY2017

Sep 12, 2018 AXA completed its merger with XL Group XL became AXA’s wholly owned subsidiary, and XL Group shares were delisted from the NYSE.
Mar 5, 2018 XL agreed to be acquired by AXA The agreement set $57.60 per share in cash, subject to shareholder approval and other closing conditions.

Grew. Revenue grew 50% in 4 years, from $7.5B in FY2013 to $11.3B in FY2017, about 11% a year.

Who Did They Compete With?

Competes with American International Group, Chubb, Factory Mutual Global, Zurich Insurance Group, Travelers, CNA Financial, Hartford Financial Services Group, Liberty Mutual Group, Arch Capital Group, W.R. Berkley, Markel, Lloyd's, Allianz, AXA Insurance, Assicurazioni Generali, HDI-Gerling Industrie Versicherung, MAPFRE, Allied World Assurance, AXIS Capital Holdings, and Endurance Specialty Insurance

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