| Condensed Financial Statements [Text Block] | Guarantor Financial Information The following tables present condensed consolidating balance sheets at March 31, 2016 and 2015 and condensed consolidating statements of income, comprehensive income and cash flows for the three months ended March 31, 2016 and 2015 for XL-Ireland, XL-Cayman, a 100% owned subsidiary of XL-Ireland, and XL-Ireland's other subsidiaries. March 31, 2016 Condensed Consolidating Balance Sheet (U.S. dollars in thousands, except share data) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated ASSETS Investments: Total investments available for sale $ — $ 554,958 $ 33,288,326 $ — $ 33,843,284 Total investments trading — — 1,436,542 — 1,436,542 Investments in affiliates — — 1,953,711 — 1,953,711 Other investments — 959 1,452,931 — 1,453,890 Total investments $ — $ 555,917 $ 38,131,510 $ — $ 38,687,427 Cash and cash equivalents 8,681 287,464 2,524,752 — 2,820,897 Restricted cash — — 161,019 — 161,019 Investments in subsidiaries 12,082,624 16,336,128 — (28,418,752 ) — Accrued investment income — 2,654 288,362 — 291,016 Deferred acquisition costs and value of business acquired — — 1,057,941 — 1,057,941 Ceded unearned premiums — — 2,255,664 — 2,255,664 Premiums receivable — — 6,041,000 — 6,041,000 Reinsurance balances receivable — — 469,009 — 469,009 Unpaid losses and loss expenses recoverable — — 5,374,604 — 5,374,604 Receivable from investments sold — — 65,471 — 65,471 Goodwill and other intangible assets — — 2,233,597 — 2,233,597 Deferred tax asset — — 245,927 — 245,927 Amounts due from subsidiaries / parent — — 1,473,030 (1,473,030 ) — Other assets 1,339 42,782 897,999 — 942,120 Total assets $ 12,092,644 $ 17,224,945 $ 61,219,885 $ (29,891,782 ) $ 60,645,692 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Unpaid losses and loss expenses $ — $ — $ 25,913,484 $ — $ 25,913,484 Deposit liabilities — — 1,170,595 — 1,170,595 Future policy benefit reserves — — 4,020,602 — 4,020,602 Funds withheld on GreyCastle life retrocession arrangements — — 998,391 — 998,391 Unearned premiums — — 8,217,539 — 8,217,539 Notes payable and debt — 2,645,647 8,248 — 2,653,895 Reinsurance balances payable — — 2,583,962 — 2,583,962 Payable for investments purchased — — 74,476 — 74,476 Deferred tax liability — — 105,589 — 105,589 Amounts due to subsidiaries / parent 394,351 1,078,679 — (1,473,030 ) — Other liabilities 9,549 73,495 1,156,397 — 1,239,441 Total liabilities $ 403,900 $ 3,797,821 $ 44,249,283 $ (1,473,030 ) $ 46,977,974 Shareholders’ Equity: Shareholders’ equity attributable to XL Group plc $ 11,688,744 $ 12,082,624 $ 16,336,128 $ (28,418,752 ) $ 11,688,744 Non-controlling interest in equity of consolidated subsidiaries — 1,344,500 634,474 — 1,978,974 Total shareholders’ equity $ 11,688,744 $ 13,427,124 $ 16,970,602 $ (28,418,752 ) $ 13,667,718 Total liabilities and shareholders’ equity $ 12,092,644 $ 17,224,945 $ 61,219,885 $ (29,891,782 ) $ 60,645,692 December 31, 2015 Condensed Consolidating Balance Sheet (U.S. dollars in thousands, except share data) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated ASSETS Investments: Total investments available for sale $ — $ 516,425 $ 33,237,473 $ — $ 33,753,898 Total investments trading — — 1,296,029 — 1,296,029 Investments in affiliates — — 1,708,899 — 1,708,899 Other investments — 877 1,432,180 — 1,433,057 Total investments $ — $ 517,302 $ 37,674,581 $ — $ 38,191,883 Cash and cash equivalents 11,557 369,997 2,874,682 — 3,256,236 Restricted cash — — 154,992 — 154,992 Investments in subsidiaries 11,648,673 15,836,651 — (27,485,324 ) — Accrued investment income — 2,323 310,344 — 312,667 Deferred acquisition costs and value of business acquired — — 890,568 — 890,568 Ceded unearned premiums — — 1,821,793 — 1,821,793 Premiums receivable — — 4,712,493 — 4,712,493 Reinsurance balances receivable — — 418,666 — 418,666 Unpaid losses and loss expenses recoverable — — 5,262,706 — 5,262,706 Receivable from investments sold — — 231,158 — 231,158 Goodwill and other intangible assets — — 2,210,266 — 2,210,266 Deferred tax asset — — 282,311 — 282,311 Amounts due from subsidiaries / parent 33,417 — 1,054,177 (1,087,594 ) — Other assets 2,748 44,570 889,881 — 937,199 Total assets $ 11,696,395 $ 16,770,843 $ 58,788,618 $ (28,572,918 ) $ 58,682,938 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Unpaid losses and loss expenses $ — $ — $ 25,439,744 $ — $ 25,439,744 Deposit liabilities — — 1,168,376 — 1,168,376 Future policy benefit reserves — — 4,163,500 — 4,163,500 Funds withheld on GreyCastle life retrocession arrangements — — 914,629 — 914,629 Unearned premiums — — 7,043,358 — 7,043,358 Notes payable and debt — 2,644,970 — — 2,644,970 Reinsurance balances payable — — 2,117,727 — 2,117,727 Payable for investments purchased — — 130,060 — 130,060 Deferred tax liability — — 120,651 — 120,651 Amounts due to subsidiaries / parent — 1,087,594 — (1,087,594 ) — Other liabilities 19,316 45,106 1,221,038 — 1,285,460 Total liabilities $ 19,316 $ 3,777,670 $ 42,319,083 $ (1,087,594 ) $ 45,028,475 Shareholders’ Equity: Shareholders’ equity attributable to XL Group plc $ 11,677,079 $ 11,648,673 $ 15,836,651 $ (27,485,324 ) $ 11,677,079 Non-controlling interest in equity of consolidated subsidiaries — 1,344,500 632,884 — 1,977,384 Total shareholders’ equity $ 11,677,079 $ 12,993,173 $ 16,469,535 $ (27,485,324 ) $ 13,654,463 Total liabilities and shareholders’ equity $ 11,696,395 $ 16,770,843 $ 58,788,618 $ (28,572,918 ) $ 58,682,938 Three Months Ended March 31, 2016 Condensed Consolidating Statement of Income and Comprehensive Income (U.S. dollars in thousands, except per share data) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated Revenues: Net premiums earned $ — $ — $ 2,354,610 $ — $ 2,354,610 Total net investment income 113 1,785 203,307 681 205,886 Total net realized gains (losses) on investments — 277 90,940 1,533 92,750 Net realized and unrealized gains (losses) on derivative instruments — — (3,622 ) — (3,622 ) Net realized and unrealized gains (losses) on life retrocession embedded derivative and derivative instruments - Life Funds Withheld Assets — — (236,080 ) — (236,080 ) Income (loss) from investment fund affiliates — — (4,579 ) — (4,579 ) Fee income and other — — 8,262 — 8,262 Total revenues $ 113 $ 2,062 $ 2,412,838 $ 2,214 $ 2,417,227 Expenses: Net losses and loss expenses incurred $ — $ — $ 1,382,485 $ — $ 1,382,485 Claims and policy benefits — — 4,937 — 4,937 Acquisition costs — — 403,267 — 403,267 Operating expenses 3,274 1,495 510,612 — 515,381 Exchange (gains) losses 17 (36 ) (33,800 ) — (33,819 ) Interest expense (6 ) 35,169 17,140 — 52,303 Total expenses $ 3,285 $ 36,628 $ 2,284,641 $ — $ 2,324,554 Income (loss) before income tax and income (loss) from operating affiliates $ (3,172 ) $ (34,566 ) $ 128,197 $ 2,214 $ 92,673 Income (loss) from operating affiliates — — 12,650 — 12,650 Equity in net earnings (losses) of subsidiaries 24,437 94,780 — (119,217 ) — Provision (benefit) for income tax (620 ) — 22,915 — 22,295 Net income (loss) $ 21,885 $ 60,214 $ 117,932 $ (117,003 ) $ 83,028 Non-controlling interests — 35,777 25,366 — 61,143 Net income (loss) attributable to ordinary shareholders $ 21,885 $ 24,437 $ 92,566 $ (117,003 ) $ 21,885 Comprehensive income (loss) $ 429,826 $ 432,378 $ 500,507 $ (932,885 ) $ 429,826 Three Months Ended March 31, 2015 Condensed Consolidating Statement of Income and Comprehensive Income (U.S. dollars in thousands, except per share data) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated Revenues: Net premiums earned $ — $ — $ 1,334,000 $ — $ 1,334,000 Total net investment income 80 3,032 203,619 1,782 208,513 Total net realized gains (losses) on investments — 1,269 52,837 (1,215 ) 52,891 Net realized and unrealized gains (losses) on derivative instruments — (63,700 ) 80,221 — 16,521 Net realized and unrealized gains (losses) on life retrocession embedded derivative and derivative instruments - Life Funds Withheld Assets — — (229,367 ) — (229,367 ) Income (loss) from investment fund affiliates — — 35,329 — 35,329 Fee income and other — — 4,728 — 4,728 Total revenues $ 80 $ (59,399 ) $ 1,481,367 $ 567 $ 1,422,615 Expenses: Net losses and loss expenses incurred $ — $ — $ 769,827 $ — $ 769,827 Claims and policy benefits — — 19,387 — 19,387 Acquisition costs — — 153,696 — 153,696 Operating expenses 2,762 3,000 319,894 — 325,656 Exchange (gains) losses (262 ) 33 27,619 — 27,390 Interest expense — 37,773 13,665 — 51,438 Total expenses $ 2,500 $ 40,806 $ 1,304,088 $ — $ 1,347,394 Income (loss) before income tax and income (loss) from operating affiliates $ (2,420 ) $ (100,205 ) $ 177,279 $ 567 $ 75,221 Income (loss) from operating affiliates — — 22,668 — 22,668 Equity in net earnings (losses) of subsidiaries 38,485 174,426 — (212,911 ) — Provision (benefit) for income tax (216 ) 245 24,189 — 24,218 Net income (loss) $ 36,281 $ 73,976 $ 175,758 $ (212,344 ) $ 73,671 Non-controlling interests — 35,491 1,899 — 37,390 Net income (loss) attributable to ordinary shareholders $ 36,281 $ 38,485 $ 173,859 $ (212,344 ) $ 36,281 Comprehensive income (loss) $ 256,993 $ 259,197 $ 394,571 $ (653,768 ) $ 256,993 Three Months Ended March 31, 2016 Condensed Consolidating Statement of Cash Flows (U.S. dollars in thousands) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated Cash flows provided by (used in) operating activities: Net cash provided by (used in) operating activities $ 410,395 $ (48,205 ) $ (533,303 ) $ — $ (171,113 ) Cash flows provided by (used in) investing activities: Proceeds from sale of fixed maturities and short-term investments $ — $ 132,687 $ 3,815,844 $ (176,454 ) $ 3,772,077 Proceeds from redemption of fixed maturities and short-term investments — 26,181 923,040 — 949,221 Proceeds from sale of equity securities — — 62,895 — 62,895 Purchases of fixed maturities and short-term investments — (190,119 ) (4,312,014 ) 176,454 (4,325,679 ) Purchases of equity securities — — (55,411 ) — (55,411 ) Proceeds from sale of affiliates — — 41,538 — 41,538 Purchases of affiliates — — (247,049 ) — (247,049 ) Purchase of Allied International Holdings, Inc., net of cash acquired — — (69,745 ) — (69,745 ) Change in restricted cash — — (6,027 ) — (6,027 ) Other, net — — 82,141 — 82,141 Net cash provided by (used in) investing activities $ — $ (31,251 ) $ 235,212 $ — $ 203,961 Cash flows provided by (used in) financing activities: Proceeds from issuance of ordinary shares and exercise of stock options $ 491 $ — $ — $ — $ 491 Buybacks of ordinary shares (355,901 ) — — — (355,901 ) Dividends paid on ordinary shares (57,861 ) — — — (57,861 ) Distributions to non-controlling interests — (3,077 ) (24,780 ) — (27,857 ) Contributions from non-controlling interests — — 883 — 883 Deposit liabilities — — (8,546 ) — (8,546 ) Net cash provided by (used in) financing activities $ (413,271 ) $ (3,077 ) $ (32,443 ) $ — $ (448,791 ) Effects of exchange rate changes on foreign currency cash — — (19,396 ) — (19,396 ) Increase (decrease) in cash and cash equivalents $ (2,876 ) $ (82,533 ) $ (349,930 ) $ — $ (435,339 ) Cash and cash equivalents – beginning of period 11,557 369,997 2,874,682 — 3,256,236 Cash and cash equivalents – end of period $ 8,681 $ 287,464 $ 2,524,752 $ — $ 2,820,897 Three Months Ended March 31, 2015 Condensed Consolidating Statement of Cash Flows (U.S. dollars in thousands) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated Cash flows provided by (used in) operating activities: Net cash provided by (used in) operating activities $ (31,120 ) $ 134,448 $ 41,318 $ (109,668 ) $ 34,978 Cash flows provided by (used in) investing activities: Proceeds from sale of fixed maturities and short-term investments $ — $ 201,638 $ 1,510,135 $ (237,832 ) $ 1,473,941 Proceeds from redemption of fixed maturities and short-term investments — 92,336 961,403 — 1,053,739 Proceeds from sale of equity securities — — 189,473 — 189,473 Purchases of fixed maturities and short-term investments — (453,628 ) (2,619,508 ) 237,832 (2,835,304 ) Purchases of equity securities — — (94,141 ) — (94,141 ) Proceeds from sale of affiliates — — 77,916 — 77,916 Purchases of affiliates — — (29,037 ) — (29,037 ) Returns of capital from subsidiaries 65,037 — — (65,037 ) — Other, net — — (32,141 ) — (32,141 ) Net cash provided by (used in) investing activities $ 65,037 $ (159,654 ) $ (35,900 ) $ (65,037 ) $ (195,554 ) Cash flows provided by (used in) financing activities: Proceeds from issuance of ordinary shares and exercise of stock options $ 1,772 $ — $ — $ — $ 1,772 Buybacks of ordinary shares (1,966 ) — — — (1,966 ) Dividends paid on ordinary shares (40,922 ) (109,668 ) — 109,668 (40,922 ) Return of capital — (65,037 ) — 65,037 — Distributions to non-controlling interests — (2,995 ) (4,177 ) — (7,172 ) Contributions from non-controlling interests — — 2,569 — 2,569 Proceeds from issuance of debt — 980,600 — — 980,600 Deposit liabilities — — (38,788 ) — (38,788 ) Net cash provided by (used in) financing activities $ (41,116 ) $ 802,900 $ (40,396 ) $ 174,705 $ 896,093 Effects of exchange rate changes on foreign currency cash — — (47,397 ) — (47,397 ) Increase (decrease) in cash and cash equivalents $ (7,199 ) $ 777,694 $ (82,375 ) $ — $ 688,120 Cash and cash equivalents – beginning of period 22,443 42,970 2,456,401 — 2,521,814 Cash and cash equivalents – end of period $ 15,244 $ 820,664 $ 2,374,026 $ — $ 3,209,934 | Guarantor Financial Information The following tables present condensed consolidating balance sheets at December 31, 2015 and 2014 and condensed consolidating statements of income, comprehensive income and cash flows for the years ended December 31, 2015, 2014 and 2013 for XL-Ireland, the parent guarantor, XL-Cayman, a 100% owned subsidiary of XL-Ireland and issuer of all the Company's outstanding debt, and XL-Ireland's other subsidiaries. December 31, 2015 Condensed Consolidating Balance Sheet (U.S. dollars in thousands, except share data) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated ASSETS Investments: Total investments available for sale $ — $ 516,425 $ 33,237,473 $ — $ 33,753,898 Total investments trading — — 1,296,029 — 1,296,029 Investments in affiliates — — 1,708,899 — 1,708,899 Other investments — 877 1,432,180 — 1,433,057 Total investments $ — $ 517,302 $ 37,674,581 $ — $ 38,191,883 Cash and cash equivalents 11,557 369,997 2,874,682 — 3,256,236 Restricted cash — — 154,992 — 154,992 Investments in subsidiaries 11,648,673 15,836,651 — (27,485,324 ) — Accrued investment income — 2,323 310,344 — 312,667 Deferred acquisition costs and value of business acquired — — 890,568 — 890,568 Ceded unearned premiums — — 1,821,793 — 1,821,793 Premiums receivable — — 4,712,493 — 4,712,493 Reinsurance balances receivable — — 418,666 — 418,666 Unpaid losses and loss expenses recoverable — — 5,262,706 — 5,262,706 Receivable from investments sold — — 231,158 — 231,158 Goodwill and other intangible assets — — 2,210,266 — 2,210,266 Deferred tax asset — — 282,311 — 282,311 Amounts due from subsidiaries / parent 33,417 — 1,054,177 (1,087,594 ) — Other assets 2,748 44,570 889,881 — 937,199 Total assets $ 11,696,395 $ 16,770,843 $ 58,788,618 $ (28,572,918 ) $ 58,682,938 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Unpaid losses and loss expenses $ — $ — $ 25,439,744 $ — $ 25,439,744 Deposit liabilities — — 1,168,376 — 1,168,376 Future policy benefit reserves — — 4,163,500 — 4,163,500 Funds withheld on GreyCastle life retrocession arrangements — — 914,629 — 914,629 Unearned premiums — — 7,043,358 — 7,043,358 Notes payable and debt — 2,644,970 — — 2,644,970 Reinsurance balances payable — — 2,117,727 — 2,117,727 Payable for investments purchased — — 130,060 — 130,060 Deferred tax liability — — 120,651 — 120,651 Amounts due to subsidiaries / parent — 1,087,594 — (1,087,594 ) — Other liabilities 19,316 45,106 1,221,038 — 1,285,460 Total liabilities $ 19,316 $ 3,777,670 $ 42,319,083 $ (1,087,594 ) $ 45,028,475 Shareholders’ Equity: Shareholders’ equity attributable to XL Group plc $ 11,677,079 $ 11,648,673 $ 15,836,651 $ (27,485,324 ) $ 11,677,079 Non-controlling interest in equity of consolidated subsidiaries — 1,344,500 632,884 — 1,977,384 Total shareholders’ equity $ 11,677,079 $ 12,993,173 $ 16,469,535 $ (27,485,324 ) $ 13,654,463 Total liabilities and shareholders’ equity $ 11,696,395 $ 16,770,843 $ 58,788,618 $ (28,572,918 ) $ 58,682,938 December 31, 2014 Condensed Consolidating Balance Sheet (U.S. dollars in thousands, except share data) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated ASSETS Investments: Total investments available for sale $ — $ 905,022 $ 29,579,031 $ — $ 30,484,053 Total investments trading — — 1,171 — 1,171 Investments in affiliates — 1,326 1,636,294 — 1,637,620 Other investments — — 1,248,439 — 1,248,439 Total investments $ — $ 906,348 $ 32,464,935 $ — $ 33,371,283 Cash and cash equivalents 22,443 42,970 2,456,401 — 2,521,814 Restricted cash — — — — — Investments in subsidiaries 10,195,445 13,076,044 — (23,271,489 ) — Accrued investment income — 4,605 311,359 — 315,964 Deferred acquisition costs and value of business acquired — — 354,533 — 354,533 Ceded unearned premiums — — 952,525 — 952,525 Premiums receivable — — 2,473,736 — 2,473,736 Reinsurance balances receivable — — 131,519 — 131,519 Unpaid losses and loss expenses recoverable — — 3,429,368 — 3,429,368 Receivable from investments sold — — 92,762 — 92,762 Goodwill and other intangible assets — — 447,952 — 447,952 Deferred tax asset — — 204,491 — 204,491 Amounts due from subsidiaries / parent — — 1,010,580 (1,010,580 ) — Other assets 3,017 46,279 701,576 — 750,872 Total assets $ 10,220,905 $ 14,076,246 $ 45,031,737 $ (24,282,069 ) $ 45,046,819 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Unpaid losses and loss expenses $ — $ — $ 19,353,243 $ — $ 19,353,243 Deposit liabilities — — 1,245,367 — 1,245,367 Future policy benefit reserves — — 4,707,199 — 4,707,199 Funds withheld on GreyCastle life retrocession arrangements — — 1,155,016 — 1,155,016 Unearned premiums — — 3,973,132 — 3,973,132 Notes payable and debt — 1,662,580 — — 1,662,580 Reinsurance balances payable — — 493,230 — 493,230 Payable for investments purchased — — 42,291 — 42,291 Deferred tax liability — — 66,246 — 66,246 Amounts due to subsidiaries / parent 166,782 843,798 — (1,010,580 ) — Other liabilities 20,372 29,923 862,454 — 912,749 Total liabilities $ 187,154 $ 2,536,301 $ 31,898,178 $ (1,010,580 ) $ 33,611,053 Shareholders’ Equity: Shareholders’ equity attributable to XL Group plc $ 10,033,751 $ 10,195,445 $ 13,076,044 $ (23,271,489 ) $ 10,033,751 Non-controlling interest in equity of consolidated subsidiaries — 1,344,500 57,515 — 1,402,015 Total shareholders’ equity $ 10,033,751 $ 11,539,945 $ 13,133,559 $ (23,271,489 ) $ 11,435,766 Total liabilities and shareholders’ equity $ 10,220,905 $ 14,076,246 $ 45,031,737 $ (24,282,069 ) $ 45,046,819 Year Ended December 31, 2015 Condensed Consolidating Statement of Income and Comprehensive Income (U.S. dollars in thousands, except per share data) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated Revenues: Net premiums earned $ — $ — $ 8,226,425 $ — $ 8,226,425 Total net investment income 169 9,363 859,002 3,836 872,370 Total net realized gains (losses) on investments — 13,814 197,129 (8,765 ) 202,178 Net realized and unrealized gains (losses) on derivative instruments — 12,363 40,760 — 53,123 Net realized and unrealized gains (losses) on life retrocession embedded derivative and derivative instruments - Life Funds Withheld Assets — — (151,691 ) — (151,691 ) Income (loss) from investment fund affiliates — — 73,320 — 73,320 Fee income and other — — 33,201 — 33,201 Total revenues $ 169 $ 35,540 $ 9,278,146 $ (4,929 ) $ 9,308,926 Expenses: Net losses and loss expenses incurred $ — $ — $ 4,766,200 $ — $ 4,766,200 Claims and policy benefits — — 115,997 — 115,997 Acquisition costs — — 1,317,448 — 1,317,448 Operating expenses 46,340 10,565 1,910,034 — 1,966,939 Exchange (gains) losses (345 ) 20 22,829 — 22,504 Extinguishment of debt — — 5,592 — 5,592 Interest expense 11 143,330 61,874 — 205,215 Total expenses $ 46,006 $ 153,915 $ 8,199,974 $ — $ 8,399,895 Income (loss) before income tax and income (loss) from operating affiliates $ (45,837 ) $ (118,375 ) $ 1,078,172 $ (4,929 ) $ 909,031 Income (loss) from operating affiliates — — 44,740 — 44,740 Gain on sale of operating affiliate — — 340,407 — 340,407 Equity in net earnings (losses) of subsidiaries 1,253,609 1,449,404 — (2,703,013 ) — Provision (benefit) for income tax 620 245 (20,026 ) — (19,161 ) Net income (loss) $ 1,207,152 $ 1,330,784 $ 1,483,345 $ (2,707,942 ) $ 1,313,339 Non-controlling interests — 77,175 29,012 — 106,187 Net income (loss) attributable to ordinary shareholders $ 1,207,152 $ 1,253,609 $ 1,454,333 $ (2,707,942 ) $ 1,207,152 Comprehensive income (loss) $ 409,310 $ 455,767 $ 656,491 $ (1,112,258 ) $ 409,310 Year Ended December 31, 2014 Condensed Consolidating Statement of Income and Comprehensive Income (U.S. dollars in thousands, except per share data) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated Revenues: Net premiums earned $ — $ — $ 5,895,070 $ — $ 5,895,070 Total net investment income 275 20,256 889,611 8,483 918,625 Total net realized gains (losses) on investments — 27,541 102,150 (22,229 ) 107,462 Net realized and unrealized gains (losses) on derivative instruments — — 29,886 — 29,886 Net realized and unrealized gains (losses) on life retrocession embedded derivative and derivative instruments - Life Funds Withheld Assets — — (488,222 ) — (488,222 ) Income (loss) from investment fund affiliates — — 95,816 — 95,816 Fee income and other — — 43,630 — 43,630 Total revenues $ 275 $ 47,797 $ 6,567,941 $ (13,746 ) $ 6,602,267 Expenses: Net losses and loss expenses incurred $ — $ — $ 3,258,393 $ — $ 3,258,393 Claims and policy benefits — — 242,963 — 242,963 Acquisition costs — — 738,118 — 738,118 Operating expenses 9,646 13,102 1,318,567 — 1,341,315 Exchange (gains) losses 127 168 (37,863 ) — (37,568 ) Loss on sale of life reinsurance subsidiary — — 666,423 — 666,423 Interest expense 5 110,323 23,778 — 134,106 Total expenses $ 9,778 $ 123,593 $ 6,210,379 $ — $ 6,343,750 Income (loss) before income tax and income (loss) from operating affiliates $ (9,503 ) $ (75,796 ) $ 357,562 $ (13,746 ) $ 258,517 Income (loss) from operating affiliates — — 107,218 — 107,218 Gain on sale of operating affiliate — — — — — Equity in net earnings (losses) of subsidiaries 197,843 350,602 — (548,445 ) — Provision (benefit) for income tax — (212 ) 97,109 — 96,897 Net income (loss) $ 188,340 $ 275,018 $ 367,671 $ (562,191 ) $ 268,838 Non-controlling interests — 77,175 3,323 — 80,498 Net income (loss) attributable to ordinary shareholders $ 188,340 $ 197,843 $ 364,348 $ (562,191 ) $ 188,340 Comprehensive income (loss) $ 936,141 $ 945,644 $ 1,112,149 $ (2,057,793 ) $ 936,141 Year Ended December 31, 2013 Condensed Consolidating Statement of Income and Comprehensive Income (U.S. dollars in thousands, except per share data) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated Revenues: Net premiums earned $ — $ — $ 6,309,521 $ — $ 6,309,521 Total net investment income 24 21,994 917,993 17,705 957,716 Total net realized gains (losses) on investments — 15,555 71,387 835 87,777 Net realized and unrealized gains (losses) on derivative instruments — — 7,798 — 7,798 Net realized and unrealized gains (losses) on life retrocession embedded derivative and derivative instruments - Life Funds Withheld Assets — — — — — Income (loss) from investment fund affiliates — 3 138,388 — 138,391 Fee income and other — — 40,031 — 40,031 Total revenues $ 24 $ 37,552 $ 7,485,118 $ 18,540 $ 7,541,234 Expenses: Net losses and loss expenses incurred $ — $ — $ 3,731,464 $ — $ 3,731,464 Claims and policy benefits — — 465,702 — 465,702 Acquisition costs — — 909,323 — 909,323 Operating expenses 11,699 12,051 1,189,428 — 1,213,178 Exchange (gains) losses 243 86 (28,572 ) — (28,243 ) Interest expense 2 98,011 57,449 — 155,462 Total expenses $ 11,944 $ 110,148 $ 6,324,794 $ — $ 6,446,886 Income (loss) before income tax and income (loss) from operating affiliates $ (11,920 ) $ (72,596 ) $ 1,160,324 $ 18,540 $ 1,094,348 Income (loss) from operating affiliates — — 119,804 — 119,804 Gain on sale of operating affiliate — — — — — Equity in net earnings (losses) of subsidiaries 1,071,836 1,226,815 — (2,298,651 ) — Provision (benefit) for income tax — 4,991 72,514 — 77,505 Net income (loss) $ 1,059,916 $ 1,149,228 $ 1,207,614 $ (2,280,111 ) $ 1,136,647 Non-controlling interests — 77,392 (661 ) — 76,731 Net income (loss) attributable to ordinary shareholders $ 1,059,916 $ 1,071,836 $ 1,208,275 $ (2,280,111 ) $ 1,059,916 Comprehensive income (loss) $ 276,553 $ 288,473 $ 424,912 $ (713,385 ) $ 276,553 Year Ended December 31, 2015 Condensed Consolidating Statement of Cash Flows (U.S. dollars in thousands) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated Cash flows provided by (used in) operating activities: Net cash provided by (used in) operating activities $ 561,468 $ 148,850 $ 669,515 $ (764,277 ) $ 615,556 Cash flows provided by (used in) investing activities: Proceeds from sale of fixed maturities and short-term investments $ — $ 1,482,875 $ 15,745,247 $ (359,894 ) $ 16,868,228 Proceeds from redemption of fixed maturities and short-term investments — 188,788 3,562,386 — 3,751,174 Proceeds from sale of equity securities — — 664,735 — 664,735 Purchases of fixed maturities and short-term investments — (1,296,980 ) (18,780,978 ) 359,894 (19,718,064 ) Purchases of equity securities — — (567,334 ) — (567,334 ) Proceeds from sale of affiliates — — 188,023 — 188,023 Purchases of affiliates — — (280,856 ) — (280,856 ) Purchase of Catlin Group Limited, net of acquired cash (2,287,579 ) (2,317,699 ) 1,267,564 2,317,699 (1,020,015 ) Proceeds from sale of subsidiary 2,317,699 — — (2,317,699 ) — Proceeds from sale of ARX Holding Corp. — — 560,552 — 560,552 Returns of capital from subsidiaries 65,037 2,047,000 — (2,112,037 ) — Change in restricted cash — — (154,992 ) — (154,992 ) Other, net — — (155,019 ) — (155,019 ) Net cash provided by (used in) investing activities $ 95,157 $ 103,984 $ 2,049,328 $ (2,112,037 ) $ 136,432 Cash flows provided by (used in) financing activities: Proceeds from issuance of ordinary shares and exercise of stock options $ 9,976 $ — $ — $ — $ 9,976 Buybacks of ordinary shares (468,971 ) — — — (468,971 ) Dividends paid on ordinary shares (208,516 ) (764,277 ) — 764,277 (208,516 ) Return of capital — (65,037 ) (2,047,000 ) 2,112,037 — Distributions to non-controlling interests — (77,093 ) (40,590 ) — (117,683 ) Contributions from non-controlling interests — — 23,610 — 23,610 Proceeds from issuance of debt — 980,600 — — 980,600 Repayment of debt — — (87,447 ) — (87,447 ) Deposit liabilities — — (84,758 ) — (84,758 ) Net cash provided by (used in) financing activities $ (667,511 ) $ 74,193 $ (2,236,185 ) $ 2,876,314 $ 46,811 Effects of exchange rate changes on foreign currency cash — — (64,377 ) — (64,377 ) Increase (decrease) in cash and cash equivalents $ (10,886 ) $ 327,027 $ 418,281 $ — $ 734,422 Cash and cash equivalents – beginning of period 22,443 42,970 2,456,401 — 2,521,814 Cash and cash equivalents – end of period $ 11,557 $ 369,997 $ 2,874,682 $ — $ 3,256,236 Year Ended December 31, 2014 Condensed Consolidating Statement of Cash Flows (U.S. dollars in thousands) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated Cash flows provided by (used in) operating activities: Net cash provided by (used in) operating activities $ 895,854 $ 518,715 $ 407,136 $ (858,521 ) $ 963,184 Cash flows provided by (used in) investing activities: Proceeds from sale of fixed maturities and short-term investments $ — $ 574,673 $ 4,793,978 $ (472,539 ) $ 4,896,112 Proceeds from redemption of fixed maturities and short-term investments — 351,737 3,250,056 — 3,601,793 Proceeds from sale of equity securities — — 571,410 — 571,410 Purchases of fixed maturities and short-term investments — (307,830 ) (7,322,967 ) 472,539 (7,158,258 ) Purchases of equity securities — — (445,504 ) — (445,504 ) Proceeds from sale of affiliates — — 240,785 — 240,785 Purchases of affiliates — — (371,226 ) — (371,226 ) Proceeds from sale of subsidiary — — 570,000 — 570,000 Returns of capital from subsidiaries 79,086 482,570 — (561,656 ) — Change in restricted cash — — — — — Other, net — 1,920 (195,411 ) — (193,491 ) Net cash provided by (used in) investing activities $ 79,086 $ 1,103,070 $ 1,091,121 $ (561,656 ) $ 1,711,621 Cash flows provided by (used in) financing activities: Proceeds from issuance of ordinary shares and exercise of stock options $ 6,367 $ — $ — $ — $ 6,367 Buybacks of ordinary shares (801,953 ) — — — (801,953 ) Dividends paid on ordinary shares (169,620 ) (858,521 ) — 858,521 (169,620 ) Return of capital — (79,086 ) (482,570 ) 561,656 — Distributions to non-controlling interests — (77,002 ) (1,463 ) — (78,465 ) Contributions from non-controlling interests — — 48,261 — 48,261 Repayment of debt — (600,000 ) — — (600,000 ) Deposit liabilities — — (268,298 ) — (268,298 ) Net cash provided by (used in) financing activities $ (965,206 ) $ (1,614,609 ) $ (704,070 ) $ 1,420,177 $ (1,863,708 ) Effects of exchange rate changes on foreign currency cash — — (90,115 ) — (90,115 ) Increase (decrease) in cash and cash equivalents $ 9,734 $ 7,176 $ 704,072 $ — $ 720,982 Cash and cash equivalents – beginning of period 12,709 35,794 1,752,329 — 1,800,832 Cash and cash equivalents – end of period $ 22,443 $ 42,970 $ 2,456,401 $ — $ 2,521,814 Year Ended December 31, 2013 Condensed Consolidating Statement of Cash Flows (U.S. dollars in thousands) XL- Ireland XL-Cayman Other XL-Ireland Subsidiaries Consolidating Adjustments and Eliminations XL-Ireland Consolidated Cash flows provided by (used in) operating activities: Net cash provided by (used in) operating activities $ 740,308 $ (175,056 ) $ 832,444 $ (617,719 ) $ 779,977 Cash flows provided by (used in) investing activities: Proceeds from sale of fixed maturities and short-term investments $ — $ 254,053 $ 4,282,227 $ (194,851 ) $ 4,341,429 Proceeds from redemption of fixed maturities and short-term investments — 203,054 3,805,279 — 4,008,333 Proceeds from sale of equity securities — — 245,538 — 245,538 Purchases of fixed maturities and short-term investments — (828,603 ) (8,510,221 ) 194,851 (9,143,973 ) Purchases of equity securities — — (534,356 ) — (534,356 ) Proceeds from sale of affiliates — — 190,954 — 190,954 Purchases of affiliates — — (353,678 ) — (353,678 ) Returns of capital from subsidiaries 84,589 546,912 — (631,501 ) — Change in restricted cash — — — — — Other, net — 3,753 44,138 — 47,891 Net cash provided by (used in) investing activities $ 84,589 $ 179,169 $ (830,119 ) $ (631,501 ) $ (1,197,862 ) Cash flows provided by (used in) financing activities: Proceeds from issuance of ordinary shares and exercise of stock options $ 12,623 $ — $ — $ — $ 12,623 Buybacks of ordinary shares (675,617 ) — — — (675,617 ) Dividends paid on ordinary shares (160,155 ) (617,719 ) — 617,719 (160,155 ) Return of capital — (84,589 ) (546,912 ) 631,501 — Distributions to non-controlling interests — (77,670 ) — — (77,670 ) Contributions from non-controlling interests — — 7,747 — 7,747 Proceeds from issuance of debt — 592,615 — — 592,615 Deposit liabilities — — (94,386 ) — (94,386 ) Net cash provided by (used in) financing activities $ (823,149 ) $ (187,363 ) $ (633,551 ) $ 1,249,220 $ (394,843 ) Effects of exchange rate changes on foreign currency cash — — (4,818 ) — (4,818 ) Increase (decrease) in cash and cash equivalents $ 1,748 $ (183,250 ) $ (636,044 ) $ — $ (817,546 ) Cash and cash equivalents – beginning of period 10,961 219,044 2,388,373 — 2,618,378 Cash and cash equivalents – end of period $ 12,709 $ 35,794 $ 1,752,329 $ — $ 1,800,832 |
