Lower cats drive XL Catlin beat

XL Group comfortably exceeded Wall Street's expectations as
it reported second quarter operating net income of $0.96 per share
versus consensus estimates of $0.88 per share, more than doubling
the $0.37 per share posted in the same period of 2016.
The Bermudian generated a double-digit Q2 annualised operating
return on equity (RoE) of 10.1 percent, running ahead of the 4.1
percent posted a year ago.
Excluding Catlin-related integration costs, the operating RoE
was 11.4 percent versus 5.9 percent