XL GWP flat as underwriting income falls
Property and Casualty insurer XL has recorded a combined operating ratio of 94.8% for 2010 (2009: 93.6%), while announcing it has received approval to offer insurance in China.
The insurer has revealed operating net income of $809.7 million, or $2.40 per ordinary share for the full year.
Gross written premiums for 2010 increased to $6.26m (2009: $6.11), while underwriting
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