XL  Xl Capital Limited

Exchange

NYSE

Sector

Finance

Industry

Property-Casualty Insurers

Market Cap.

11.09B

Current Price

$41.85
-1.06 (-2.47%)

Book Price

$28.71
Overvalued by 31.40%
Financial Institution

Company Metrics

  • P/E 26.83
  • P/S 1.08
  • P/B 1.05
  • EPS 1.56
  • Dividend 0.88 / 2.1%
  • Avg. Vol. 1.62M
  • Shares 264.99M
  • Market Cap. 11.09B

Company Description

XL Group plc, through its subsidiaries, provides insurance and reinsurance coverages to industrial, commercial, and professional firms, insurance companies, and other enterprises worldwide. The company operates in three segments: Insurance, Reinsurance, and Life Operations. The Insurance segment offers property, casualty, professional liability, environmental liability, aviation and satellite, mar... more


Download 10 Years of Financial Statements:
Income Statement   Balance Sheet   Cash Flow

News

XL Group Ltd to Release First Quarter 2017 Results on Wednesday, April 26, 2017
PR Newswire (press release) - Apr 11, 2017
HAMILTON, Bermuda, April 11, 2017 /PRNewswire/ -- XL Group Ltd ("XL" or the "Company") (NYSE: XL) announced today that it intends to release its First Quarter 2017 results after the close of regular stock market trading hours on Wednesday, April 26 ...
XL Group Ltd Announces Retirement of Stephen Catlin as Executive Deputy Chairman
PR Newswire (press release) - Apr 4, 2017
HAMILTON, Bermuda, April 4, 2017 /PRNewswire/ -- XL Group Ltd ("XL" or the "Company") (NYSE: XL) announced today the retirement of Stephen Catlin, Executive Deputy Chairman, effective December 31, 2017.
XL Group Ltd* Announces First Quarter 2017 Results
Yahoo Finance - Apr 26, 2017
XL Group Ltd (XL), through its subsidiaries and under the "XL Catlin" brand, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and ...
Langen Mcalenn Comments on XL Group Ltd.'s Q2 2017 Earnings (XL)
BNB Daily (blog) - 17 hours ago
XL Group logo XL Group Ltd. (NYSE:XL) - Equities research analysts at Langen Mcalenn raised their Q2 2017 EPS estimates for XL Group in a research note issued on Thursday.
XL Group Ltd. (XL) Receives Consensus Rating of "Hold" from Analysts - Markets Daily
XL Group Ltd. (XL) Receives Consensus Recommendation of "Hold" from Analysts - Community Financial News
Equities Analysts Set Expectations for XL Group Ltd.'s Q2 2017 Earnings (XL)
The Cerbat Gem - Apr 28, 2017
XL Group logo XL Group Ltd. (NYSE:XL) - Equities research analysts at Langen Mcalenn upped their Q2 2017 earnings estimates for shares of XL Group in a research note issued to investors on Thursday.
XL Group Ltd. (XL) Price Target Raised to $46.00 at Royal Bank of Canada - Transcript Daily
XL Group Ltd (XL): What does the future look like?
Simply Wall St - Apr 26, 2017
With 106% predicted earnings growth over the next year XL Group Ltd (NYSE:XL) seems to be a well performing company. Are you considering investing?
Technical Watch: ATR in View on Shares of XL Group Ltd (XL)
Baxter Review - 5 hours ago
When focusing on technical stock analysis, traders and investors may choose to study the ATR or Average True Range. The present 14-day ATR for XL Group Ltd (XL) is currently standing at 0.65. The ATR basically measures the volatility of a stock on a ...
BRIEF-Xl Group Ltd's CEO's total compensation for 2016 was $12.7 mln
Reuters - Apr 5, 2017
FRANKFURT, April 6 German drugs-packaging maker Gerresheimer expects confusion over U.S. healthcare policy to continue to be a drag on revenues this quarter, with a normalisation coming in the second half of the year, its chief executive said on ...
XL Group's (XL) CEO Mike McGavick on Q1 2017 Results - Earnings Call Transcript
Seeking Alpha - Apr 27, 2017
And welcome the XL Group Limited's first quarter 2017 earnings conference call. Our call today is being simultaneously webcast at www.
XL Group Ltd 2016 Letter To Shareholders
Bernews - Apr 11, 2017
“We now see exactly the company we're trying to build creating the difference that it can in the marketplace. We believe we can now drive that result to the bottom line and therefore into rewards for our shareholders,” XL Group Ltd CEO Mike McGavick ...
Growth Rate Assumed by Market

We did a reverse valuation to calculate the growth rate the market is assuming for XL to be considered fairly valued at its current market price. It's useful to compare this to the growth rate we're assuming for the Growth Price.

Future Free Cash Flow Growth Rate

This is the annual growth rate we've applied to calculate XL's Free Cash Flow for the next 10 years. To calculate it, we looked at several time periods of the last 10 years. Feel free to adjust it, but we limit the initial growth rate to 20% and slow it down over the years. Otherwise, long-term sustainability issues come into play.

Discount Rate

The discount rate is the annual rate of return an investor requires to take the risk of investing in a single stock. To account for that risk, this should be above 8-10%, as this is the avg. annual rate of return for the S&P500 over the past 100 years.

Poor Cash Return on Invested Capital over the past 5 years

XL has been unable to consistently generate sufficient returns from its investments in buildings, projects and equipment. This could be due to poor management, lack of an economic moat or the capital intensive nature of the business.

XL has only created $- of cash for every $100 invested.
Figures in USD. Fiscal year ends in December
20122013201420152016
Free Cash Flow - - - - -
divided by
Invested Capital 45.39B 45.65B 45.05B 58.68B 58.43B
Cash ROIC - - - - -

Poor Return on Equity over the past 5 years

XL has shown an inability to deliver strong results for shareholders. This could be due to poor management, XL operating in a highly competitive industry, or having a weak business in general.

XL has only generated $6.61 of Earnings for every $100 of Shareholders' Equity.
Figures in USD. Fiscal year ends in December
20122013201420152016
Net Income 651.13M 1.06B 188.34M 1.21B 440.97M
divided by
Stockholders' Equity 10.51B 10.00B 10.03B 11.68B 10.94B
Return on Equity 6.20% 10.60% 1.88% 10.34% 4.03%

Poor Business Performance over the past 10 years

XL's inability to produce positive free cash flow for the majority of the past 10 years is concerning. It should be a red flag, since this company does not have a track record of delivering results for shareholders. This could be due to poor management or the nature of its business.

XL has been losing money for the majority of the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Free Cash Flow - - - - - - - - - -

Consistent Reinvestment of Profits over the past 10 years

XL has consistently retained profits. This may put XL in a strong position to invest for the future, by buying new machinery, investing in R&D or a number of other options. By effectively using these earnings, XL can greatly improve their long-term economic picture.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Retained Earnings 2.58B -315.53M 94.46M 513.78M -99.96M 402.32M 1.26B 1.19B 2.08B 2.15B
Retained Earnings Growth - -112.24% 129.94% 443.91% -119.46% 502.48% 214.20% -6.05% 74.91% 3.58%

Highly Competitive Industry over the past 10 years

It's likely that XL is in an industry with low barriers to entry, spurring high competition. If Gross Margins are at least satisfactory, it's likely XL invests heavily in R&D and Sales, General & Administrative expenses.

Only $- of every $100 of Revenue have been profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Net Income 275.89M -2.55B 74.99M 643.38M -474.76M 651.13M 1.06B 188.34M 1.21B 440.97M
divided by
Revenue - - - - - - - - - -
Net Profit Margin - - - - - - - - - -

Weak Pricing Power over the past 10 years

XL is likely in a highly competitive industry, due to low barriers to entry. It's because of this, that XL has been unable to raise prices and increase their profitability. This puts them in a poor position if inflation becomes an issue, as they would struggle to pass higher costs onto consumers.

Only $- of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Gross Profit - - - - - - - - - -
divided by
Revenue - - - - - - - - - -
Gross Margin - - - - - - - - - -

Low Capital Intensity over the past 10 years

XL has consistently used a small portion of their Net Income buying new equipment or investing in new facilities. This indicates that XL may require minimal investment to stay competitive. This leaves them with extra money to spend on growing their business and potentially buying back stock.

-% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Capital Expenditure - - - - - - - - - -
divided by
Net Income 275.89M -2.55B 74.99M 643.38M -474.76M 651.13M 1.06B 188.34M 1.21B 440.97M
Capital Expenditure Ratio - - - - - - - - - -

Very Strong Dividend History over the past 10 years

XL has consistently distributed a dividend for at least the past 10 years. Such a long dividend history suggests XL is very established in its market and that its dividend distribution is likely to continue for a significant period of time.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Dividend Paid 274.04M 326.37M 225.01M 211.53M 209.53M 212.29M 237.83M 248.09M 326.20M 222.76M
divided by
Shares Outstanding 179.69M 238.86M 340.97M 337.71M 312.90M 310.28M 292.07M 271.53M 291.00M 282.76M
Dividend Paid Per Share 1.53 1.37 0.66 0.63 0.67 0.68 0.81 0.91 1.12 0.79
Price at Year End 42.77 3.25 17.65 21.46 19.77 24.69 31.89 34.75 39.82 37.26
Dividend Yield 3.57% 42.04% 3.74% 2.92% 3.39% 2.77% 2.55% 2.63% 2.82% 2.11%

Strong History of Stock Buybacks over the past 10 years

XL has a strong history of delivering increased value for shareholders in the form of stock buybacks. These have helped improve financial metrics and increase each shareholders' relative ownership stake in the company, due to fewer shares outstanding and holding the same number of shares.
Figures in USD. Fiscal year ends in December
2007200820092010201120122013201420152016
Shares Outstanding 179.69M 238.86M 340.97M 337.71M 312.90M 310.28M 292.07M 271.53M 291.00M 282.76M
Stock Bought Back - -24.77% -29.95% 0.96% 7.93% 0.84% 6.24% 7.57% -6.69% 2.91%
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