Bermudian reinsurer XL Capital has posted a net profit of $347.7m (£215m) in the three months to the end of June.
Bermudian reinsurer XL Capital has posted a net profit of $347.7m (£215m) in the three months to the end of June.
The loss compared with a $91.7m (£57m) loss in the same quarter last year.
The reinsurer posted an increase in gross written premium to $2bn (£1.3bn) in the second quarter. Net written premium (NWP) increased to $1.6bn (£994m) in the same period.
The second quarter results boosted XL's net profit in the first half of 2003 to $587.5m (£364m) compared with a $2.3m (£1.4m) loss in the first half of 2002.
