XL achieves best COR for over 15 years
Group result reveals rise in premiums and net operating income.
The XL Group's gross premiums written for the year to the end of 2014 have come in at $7.76bn (£5.15bn) up by 4.6% from $7.41bn in the previous 12-month period.
The insurer's combined operating ratio was 88.2% last year compared with 92.5% in 2013.
XL's operating net income in 2014 was $999m which was up from $942m a year earlier.
Mike McGavick, the group's chief executive officer, said: "XL delivered a very strong 2014 including continued progress in insurance and an extraordinary year in
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