XL Group Ltd Announces Quarterly Dividend of $0.20 per Common Share; Also Announces Preference Ordinary Share Dividends
Hamilton, Bermuda - October 28, 2016
XL Group Ltd (“XL” or the “Company”) (NYSE: XL) announced today that the Board of Directors of the Company declared a quarterly dividend on October 27, 2016 of $0.20 per common share payable on the Company’s common shares. The dividend will be payable on January 2, 2017 to common shareholders of record as of December 15, 2016.
The Company also announced today that the board of directors of its wholly-owned subsidiary, XLIT Ltd., resolved on October 27, 2016 to pay a dividend of $10.2222 per share on XLIT Ltd.’s Series D Preference Ordinary Shares, which dividend will be paid on January 17, 2017 to all shareholders of record as of January 13, 2017.
About XL Group Ltd
XL Group Ltd (NYSE: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 other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit www.xlgroup.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about XL’s beliefs, plans or expectations, are forward-looking statements. These statements are based on current plans, estimates and expectations, all of which involve risk and uncertainty. Statements that include the words “expect,” “estimate,” “intend,” “plan,” “believe,” “project,” “anticipate,” “may,” “look” or similar statements of a future or forward-looking nature identify forward-looking statements. Factors that could cause actual results to differ from those predicted are set forth under “Risk Factors” or “Cautionary Note Regarding Forward-Looking Statements” in XL’s Annual Report on Form 10-K for the year ended December 31, 2015 and our other documents on file with the SEC. XL undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Carol Parker TrottCommunications & Marketing Director Reinsurance & Bermuda