XL Group plc Declares Increase In Quarterly Dividend To $0.11 Per Ordinary Share And Dividend Of $32.50 Per Series E Perpetual Non-Cumulative Preference Ordinary Share
HAMILTON, BERMUDA - February 28, 2011
Hamilton, Bermuda – February 28, 2011 - XL Group plc (“XL” or the “Company”) (NYSE: XL) announced today that its Board of Directors declared a quarterly dividend on February 25, 2011 of $0.11 per ordinary share payable on the Company’s ordinary shares. This action increases the quarterly dividend to $0.11 per ordinary share from $0.10 per ordinary share. The dividend will be payable on March 31, 2011 to Ordinary Shareholders of record as of March 15, 2011.In addition, the Board of Directors of XL Group Ltd., a wholly owned subsidiary of the Company, resolved on February 18, 2011 to pay a dividend of $32.50 per share on XL Group Ltd.’s Series E Perpetual Non-Cumulative Preference Ordinary Shares. The dividend will be paid on April 15, 2011 to all shareholders of record as of March 31, 2011.XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty, and specialty products to industrial, commercial, and professional firms, insurance companies and other enterprises on a worldwide basis. Its principal executive offices are located at No. 1 Hatch Street Upper, 4th Floor, Dublin 2, Ireland. More information about XL Group plc is available at www.xlgroup.com.
Carol Parker TrottCommunications & Marketing Director Reinsurance & Bermuda