Back to top

Image: Bigstock

XL Group Ltd

Read MoreHide Full Article

XL Group’s second-quarter 2018 earnings missed the Zacks Consensus Estimate and also deteriorated year over year on higher level of non-catastrophe loss, increase in expenses along with prior-year development from short tail lines in Insurance. Exposure to catastrophes makes underwriting results volatile for XL Group. Negative pricing across business lines and increasing expenses remain headwinds. Nonetheless, shares of XL Group have outperformed the industry year to date. XL Group agreed to be acquired by AXA Group for $15.3 billion. The company will leverage AXA Group to build scale, widen its geographic exposure as well as expand its product portfolio. It remains focused on its insurance and reinsurance business lines providing the best return on capital over the pricing cycle while tapping opportunities in the emerging economies. The company also engages in shareholder-friendly moves.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


XL Fleet Corp. (XL) - free report >>

Published in