XL Capital Ltd. Reports 1Q 2001 Results

May 8, 2001

XL Capital Ltd reported that net income for the first quarter ended March 31, 2001 was $218.9 million (or $1.73 per share) compared with $223.8 million (or $1.77 per share) in the first quarter of 2000.

According to a company releasem economic operating income was $171.2 million (or $1.35 per share) in the first quarter of 2001 compared with $164.9 million (or $1.30 per share, a year ago). GAAP operating income for the first quarter of 2001, excluding net realized gains, was $156.7 million (or $1.24 per share) compared with $150.8 million, or ($1.19 per share) for the quarter ended March 31, 2000.

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