On reserving, as you'll recall, the second quarter is one in which we regularly perform an in-depth reserve review, and you've already noted in our materials this review again resulted in sizable releases totaling $101 million a positive development in the quarter.Now I'll touch on a couple of issues of note. First, with respect to the ongoing drought conditions; as you'll recall our exposure to risks in crop insurance have reduced over recent years, and while we do have some exposure that exposure is manageable and even in extreme conditions for us being unpleasant, but modest earnings event. Jamie will have more detail. Second with respect to LIBOR, I know there are a lot of questions on this topic, particularly as we are [writing] of relevant coverage both in the U.S. and abroad. Unfortunately, the reality is it's just too early to tell how this will play out.
XL Group's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.