XL Group revenue was $11.33 b in FY, 2017

## Founding Date | 1986 |

## Total Funding | $1.5 m |

## Investors | Sofimac Partners, Centre Capital Developpement |

XL Group is a subsidiary of AXA

XL Group revenue breakdown by business segment: 99.9% from Other XL-Bermuda Subsidiaries and 0.1% from Other

USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|---|---|---|

## Revenue | 6.4b | 6.7b | 7.2b | 7.5b | 6.6b | 9.3b | 10.5b | 11.3b |

| (12%) | 41% | 13% | |||||

## Cost of goods sold | 3.2b | 4.1b | 3.8b | 3.7b | 3.3b | 4.8b | 6.1b | 8.0b |

## Gross profit | 3.2b | 2.6b | 3.5b | 3.8b | 3.3b | 4.5b | 4.5b | 3.3b |

| 50% | 39% | 48% | 51% | 51% | 49% | 42% | 29% |

## Operating expense total | 1.8m | |||||||

## Interest expense | 213.6m | 205.6m | 172.2m | 155.5m | 134.1m | 205.2m | 209.8m | 190.4m |

## Interest income | 1.2b | 1.2b | 1.0b | |||||

## Investment income | 1.2b | 1.1b | 1.0b | 957.7m | 918.6m | 872.4m | 827.1m | 829.7m |

## Pre tax profit | 52.3m | 188.9m | 228.7m | (5.9m) | 69.0m | (494.7m) | ||

## Income tax expense | 162.7m | 59.7m | 34.0m | 77.5m | 96.9m | (19.2m) | 42.1m | 59.1m |

## Net Income | 643.4m | (474.8m) | 651.1m | 1.1b | 188.3m | 1.2b | 441.0m | (560.4m) |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|---|---|---|

## Cash | 3.0b | 3.8b | 2.6b | 1.8b | 2.5b | 3.3b | 3.4b | 3.4b |

## Accounts Receivable | 31.2m | 50.6m | ||||||

## Inventories | 36.9b | |||||||

## Goodwill | 822.2m | 1.8b | 392.9m | 411.6m | 448.0m | 2.2b | 2.2b | |

## Total Assets | 45.0b | 44.6b | 45.4b | 45.7b | 45.0b | 58.7b | 58.4b | 63.4b |

## Accounts Payable | 7.3m | |||||||

## Short-term debt | ||||||||

## Long-term debt | 2.5b | 2.3b | 1.7b | 2.3b | 1.7b | 2.6b | 3.2b | |

## Total Debt | 2.5b | 2.3b | 1.7b | 2.3b | 1.7b | 2.6b | 3.2b | |

## Total Liabilities | 34.3b | 33.9b | 33.5b | 34.3b | 33.6b | 45.0b | 45.5b | 52.0b |

## Common Stock | 3.2m | 3.2m | 3.0m | 2.8m | 2.6m | 2.9m | 2.6m | |

## Preferred Stock | 10.0k | |||||||

## Additional Paid-in Capital | 10.0b | 8.9b | 8.6b | 8.0b | 7.4b | 8.9b | 8.1b | 7.8b |

## Retained Earnings | 513.8m | (100.0m) | 402.3m | 1.3b | 1.2b | 2.1b | 2.2b | 1.2b |

## Total Equity | 10.6b | 10.8b | 11.9b | 11.3b | 11.4b | 13.7b | 13.0b | 11.5b |

## Debt to Equity Ratio | 0.2 x | 0.2 x | 0.1 x | 0.2 x | 0.1 x | 0.2 x | 0.3 x | |

## Debt to Assets Ratio | 0.1 x | 0.1 x | 0 x | 0 x | 0 x | 0 x | 0.1 x | |

## Financial Leverage | 4.2 x | 4.1 x | 3.8 x | 4 x | 3.9 x | 4.3 x | 4.5 x | 5.5 x |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|---|---|---|

## Net Income | 643.4m | (474.8m) | 651.1m | 1.1b | 268.8m | 1.3b | 570.1m | (490.1m) |

## Depreciation and Amortization | 40.4m | 49.8m | 57.3m | 56.2m | 56.1m | 92.3m | 118.1m | 97.0m |

## Cash From Operating Activities | 594.8m | 327.2m | 1.1b | 780.0m | 963.2m | 615.6m | 915.3m | 33.3m |

## Purchases of PP&E | (1.0b) | (92.9m) | ||||||

## Cash From Investing Activities | 261.5m | 832.1m | (942.6m) | (1.2b) | 1.7b | 136.4m | 737.8m | 662.7m |

## Long-term Borrowings | (575.0m) | (600.0m) | (600.0m) | (87.4m) | (8.2m) | (17.9m) | ||

## Dividends Paid | 77.8m | (138.0m) | (134.8m) | (160.2m) | (169.6m) | (208.5m) | (222.8m) | (228.2m) |

## Cash From Financing Activities | (1.5b) | (358.7m) | (1.3b) | (394.8m) | (1.9b) | 46.8m | (1.4b) | (743.8m) |

## Net Change in Cash | (620.8m) | 802.3m | (1.2b) | (817.5m) | 721.0m | 734.4m | 170.8m | 9.0m |

## Interest Paid | 162.1m | 149.1m | 116.7m | 97.1m | 121.3m | 115.6m | 138.0m | 137.6m |

## Income Taxes Paid | 75.4m | 106.7m | 34.5m | 96.5m | 20.2m | 96.9m | 81.7m | 31.0m |

- Source: SEC Filings

- Source: SEC Filings

USD | Q2, 2010 |
---|---|

## Debt/Equity | 0.2 x |

## Debt/Assets | 0.1 x |

## Financial Leverage | 4.3 x |

FY, 2014 | FY, 2015 | FY, 2016 | |
---|---|---|---|

## Countries | 160 | 200 | |

## Locations | 57 | 56 | |

## Reported Claims, units | 87.49 k | 94.23 k | 65.68 k |