XL net income jumps to $227.3m after Q1 loss last year
XL has posted an operating net income of $165.2m for the first quarter, a slight increase on last year’s $163m but it has turned around its net income from a $227.3m loss to a $176.6m profit.
It attributed last year's loss to operating losses and realized investment losses in the prior year quarter.
Net investment income for the 2012 quarter was $265.2, compared to $280.3m in the prior
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