XL’s operating net income drops to $169m
XL group has announced its third quarter 2011 results which show an operating net income drop to $169m from $567m in 2010.
Other highlights for the nine months ended 30 September included gross written premiums of $5.6m (2010:$5.0m) and a combined operating ratio of 107.2% (2010 : 95.9%).
Mike McGavick, chief executive
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