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XL group assess impact of tax reforms and catastrophe loss

Published 01/11/2018, 05:10 AM
Updated 01/11/2018, 05:10 AM
© Reuters.  XL group assess impact of tax reforms and catastrophe loss
  • XL group XL announced 4Q17 preliminary estimate of catastrophe loss of approx. $315M with $250M from October 2017 northern california wildfires and other events, $45M related to recent wildfires in southern california, $20M related to other events.
  • The recent tax reform lead to revaluation of deferred tax asset impacting earnings by one time charge of approx. $98M in 4Q17.
  • The company does not expect reforms to materially impact its average global effective tax rate.
  • Press Release
  • Now read: Appropriate, Sustainable Pricing: What Is It And How Long Will It Last?


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