XL Group Q1 Profit Declines - Quick Facts

(RTTNews) - XL Group plc (XL) Thursday reported first-quarter net income attributable to ordinary shareholders of $255.72 million or $0.91 per share, compared to $350.79 million or $1.17 per share in the same period last year.

Operating earnings for the quarter were $0.85 per share, down from $0.93 per share in the year-ago period. On average, 20 analysts polled by Thomson Reuters expected the company to earn $0.74 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues dropped to $1.79 billion from $1.86 billion last year. Net premiums earned decreased to $1.41 billion from $1.46 billion last year. Net-investment income totaled $233.19 million, down from $246.47 million last year.

Analysts expected revenues of $1.47 billion.