XL Group Revenue

XL Group revenue was $11.33 b in FY, 2017

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Summary - Funding Rounds

Founding Date

1986

Total Funding

$1.5 m

Investors

XL Group is a subsidiary of AXA

XL Group Revenue Breakdown

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

XL Group Income Statement

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

6.4b6.7b7.2b7.5b6.6b9.3b10.5b11.3b

Revenue growth, %

(12%)41%13%

Cost of goods sold

3.2b4.1b3.8b3.7b3.3b4.8b6.1b8.0b

Gross profit

3.2b2.6b3.5b3.8b3.3b4.5b4.5b3.3b

Gross profit Margin, %

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

Operating expense total

1.8m

Interest expense

213.6m205.6m172.2m155.5m134.1m205.2m209.8m190.4m

Interest income

1.2b1.2b1.0b

Investment income

1.2b1.1b1.0b957.7m918.6m872.4m827.1m829.7m

Pre tax profit

52.3m188.9m228.7m(5.9m)69.0m(494.7m)

Income tax expense

162.7m59.7m34.0m77.5m96.9m(19.2m)42.1m59.1m

Net Income

643.4m(474.8m)651.1m1.1b188.3m1.2b441.0m(560.4m)

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

1.6b1.6b1.6b1.7b1.7b1.8b1.7b1.8b1.9b1.9b1.9b1.8b1.8b1.5b1.4b2.7b2.6b2.4b2.6b2.6b2.8b2.8b2.9b2.8b3.0b

Cost of goods sold

747.2m812.0m1.2b823.6m988.1m854.1m826.4m894.1m843.1m937.6m1.0b831.5m827.9m859.6m769.8m1.2b1.5b1.4b1.6b1.5b1.6b1.5b3.1b1.6b1.7b

Gross profit

805.5m808.2m406.0m871.6m670.0m898.4m920.4m923.4m1.0b950.6m871.6m956.3m995.6m683.7m652.8m1.5b1.1b1.0b1.0b1.1b1.2b1.3b(182.7m)1.2b1.3b

Gross profit Margin, %

52%50%25%51%40%51%53%51%55%50%46%53%55%44%46%57%43%43%38%42%43%45%(6%)42%43%

General and administrative expense

98.9m102.2m62.2m70.0m71.3m

Operating expense total

1.5m264.0k791.0k1.5m494.0k2.9m3.1m6.5m1.4m4.4m2.7m2.3m3.3m101.1m104.2m64.3m75.8m75.1m

Interest expense

49.1m58.6m54.1m55.1m48.9m39.3m57.4m37.9m38.7m38.2m37.9m42.9m14.1m42.9m51.4m49.7m51.9m52.3m55.7m49.4m50.7m54.0m33.9m53.5m48.7m

Investment income

302.6m296.7m280.3m296.5m290.1m265.2m262.6m239.5m246.5m232.5m237.9m233.2m232.8m226.4m208.5m223.2m225.1m205.9m215.4m209.8m200.5m208.7m202.8m218.5m231.8m

Pre tax profit

182.9m312.6m

Income tax expense

43.0m29.8m(32.8m)24.8m24.7m21.6m29.8m451.0k43.5m28.9m897.0k34.3m(5.7m)30.1m24.2m33.0m(37.0m)22.3m2.5m17.7m13.1m29.0m(60.1m)31.9m27.0m

Net Income

194.0m110.0m(227.3m)225.7m42.4m176.6m221.2m171.9m350.8m272.7m135.6m255.7m(279.3m)72.4m36.3m915.0m27.3m21.9m43.8m70.6m152.8m301.6m(1.0b)152.6m319.0m

XL Group Balance Sheet

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

3.0b3.8b2.6b1.8b2.5b3.3b3.4b3.4b

Accounts Receivable

31.2m50.6m

Inventories

36.9b

Goodwill

822.2m1.8b392.9m411.6m448.0m2.2b2.2b

Total Assets

45.0b44.6b45.4b45.7b45.0b58.7b58.4b63.4b

Accounts Payable

7.3m

Short-term debt

Long-term debt

2.5b2.3b1.7b2.3b1.7b2.6b3.2b

Total Debt

2.5b2.3b1.7b2.3b1.7b2.6b3.2b

Total Liabilities

34.3b33.9b33.5b34.3b33.6b45.0b45.5b52.0b

Common Stock

3.2m3.2m3.0m2.8m2.6m2.9m2.6m

Preferred Stock

10.0k

Additional Paid-in Capital

10.0b8.9b8.6b8.0b7.4b8.9b8.1b7.8b

Retained Earnings

513.8m(100.0m)402.3m1.3b1.2b2.1b2.2b1.2b

Total Equity

10.6b10.8b11.9b11.3b11.4b13.7b13.0b11.5b

Debt to Equity Ratio

0.2 x0.2 x0.1 x0.2 x0.1 x0.2 x0.3 x

Debt to Assets Ratio

0.1 x0.1 x0 x0 x0 x0 x0.1 x

Financial Leverage

4.2 x4.1 x3.8 x4 x3.9 x4.3 x4.5 x5.5 x

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

3.8b4.0b3.4b2.9b3.2b2.5b3.3b3.2b2.5b2.4b2.1b2.5b3.1b2.4b3.2b2.8b3.3b2.8b3.3b3.4b3.4b3.1b3.0b3.5b2.9b

Accounts Receivable

31.0m31.4m

Goodwill

826.4m455.7m455.1m450.4m442.4m2.2b2.2b2.2b2.2b2.2b2.2b2.2b2.2b2.2b2.2b

Total Assets

45.3b46.3b45.9b46.6b46.6b45.1b44.9b46.0b45.5b45.1b45.6b46.8b47.8b45.9b46.1b61.8b60.4b60.6b61.2b60.8b61.0b62.4b63.8b65.3b63.6b

Long-term debt

2.5b2.5b2.5b2.5b2.3b1.7b1.7b1.7b1.7b1.7b1.7b2.3b2.3b1.7b2.6b2.7b2.7b2.7b2.6b2.6b2.6b3.2b3.2b3.2b3.2b

Total Debt

2.5b2.5b2.5b2.5b2.3b1.7b1.7b1.7b1.7b1.7b1.7b2.3b2.3b1.7b2.6b2.7b2.7b2.7b2.6b2.6b2.6b3.2b3.2b3.2b3.2b

Total Liabilities

34.7b35.4b35.5b35.9b35.7b34.0b33.7b34.2b33.7b33.9b34.4b35.2b36.4b34.7b34.4b47.5b46.5b47.0b47.5b47.2b48.0b49.3b52.3b54.1b52.3b

Common Stock

3.1m3.1m3.2m3.1m3.1m3.0m2.9m2.9m2.8m2.7m2.7m2.6m2.6m3.0m3.0m2.9m2.8m2.7m2.6m2.6m2.6m2.6m2.6m

Additional Paid-in Capital

10.5b10.2b8.8b8.8b9.0b8.8b8.7b8.6b8.4b8.3b8.1b7.8b7.7b7.5b7.4b9.2b9.0b8.6b8.3b8.2b7.9b7.8b7.7b7.8b7.8b

Retained Earnings

345.6m357.8m252.2m443.6m450.5m28.6m215.8m354.2m707.8m928.4m1.0b1.5b1.1b1.1b1.2b2.0b1.9b2.0b1.9b1.9b2.2b2.4b1.2b1.5b1.8b

Total Equity

10.5b10.9b10.3b10.6b10.9b11.1b11.2b11.8b11.8b11.2b11.3b11.6b11.4b11.2b11.6b14.2b13.9b13.7b13.7b13.6b13.0b13.1b11.5b11.2b11.3b

Debt to Equity Ratio

0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.1 x0.1 x0.1 x0.1 x0.1 x0.2 x0.2 x0.1 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.3 x0.3 x0.3 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0.1 x0 x0 x0 x0 x0 x0 x0.1 x0.1 x0 x0.1 x

Financial Leverage

4.3 x4.3 x4.5 x4.4 x4.3 x4.1 x4 x3.9 x3.8 x4 x4.1 x4 x4.2 x4.1 x4 x4.3 x4.3 x4.4 x4.5 x4.5 x4.7 x4.8 x5.5 x5.8 x5.6 x

XL Group Cash Flow

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

337.9m110.0m(227.3m)(1.6m)40.8m176.6m397.8m569.7m350.8m623.5m759.1m255.7m(23.5m)48.8m36.3m951.3m978.6m21.9m65.7m136.3m152.8m454.5m(589.2m)152.6m471.6m

Depreciation and Amortization

929.0k465.0k12.0m24.2m36.5m13.9m27.5m41.7m13.1m23.7m44.1m15.0m29.1m43.5m10.9m29.3m50.7m22.6m58.6m86.0m19.4m36.6m54.1m22.5m44.9m

Cash From Operating Activities

371.0m63.3m107.3m365.5m153.4m483.6m907.5m145.6m359.7m852.9m200.1m353.6m728.0m35.0m20.5m509.5m(171.1m)167.3m649.6m(47.5m)(129.2m)183.8m(238.1m)(611.6m)

Purchases of PP&E

(1.0b)(1.0b)(69.7m)(92.9m)

Cash From Investing Activities

136.5m500.1m84.4m268.7m(762.1m)(5.5m)(350.2m)(2.5m)(42.4m)(569.9m)700.3m1.6b1.5b(195.6m)(349.4m)(33.4m)204.0m798.2m727.6m234.5m(133.3m)47.2m340.4m297.8m

Long-term Borrowings

(600.0m)(600.0m)(600.0m)(600.0m)(8.2m)(8.2m)(17.9m)

Dividends Paid

68.4m(34.0m)(68.1m)(103.3m)(1.2m)(68.3m)(101.8m)(805.0k)(42.0m)(121.1m)(43.8m)(87.1m)(129.5m)(40.9m)(89.1m)(149.0m)(57.9m)(113.7m)(169.3m)(58.4m)(115.6m)(171.9m)(113.7m)

Cash From Financing Activities

(266.6m)(229.5m)(414.1m)(500.0m)(735.2m)(988.4m)(1.2b)(263.9m)(492.1m)(766.2m)(232.3m)(666.5m)(1.6b)896.1m685.8m396.9m(448.8m)(884.0m)(1.2b)(291.6m)(74.1m)(683.2m)(63.5m)(238.9m)

Net Change in Cash

157.5m362.9m(163.5m)153.4m(1.3b)(514.0m)(627.8m)(145.1m)(198.3m)(487.5m)675.2m1.3b552.9m688.1m319.0m818.3m(435.3m)60.5m137.0m(74.3m)(293.2m)(396.9m)46.3m(562.9m)

XL Group Ratios

USDQ2, 2010

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

4.3 x

XL Group Operating Metrics

FY, 2014FY, 2015FY, 2016

Countries

160 200

Locations

57 56

Reported Claims, units

87.49 k94.23 k65.68 k