* Second-quarter oper EPS $0.71 vs est $0.56
* Second-quarter net premiums earned up 7 pct
* Company buys back 6.1 mln shares in the quarter
Aug 7 Reinsurer XL Group Plc posted a
second-quarter profit above analysts' expectations, helped by
higher premium revenue from its property and casualty segment.
Net income was $221.2 million, or 71 cents per share,
compared with $225.7 million, or 69 cents per share, a year
Operating income was 71 cents per share.
Analysts on average expected the company to earn 56 cents
per share, according to Thomson Reuters I/B/E/S.
Net premiums earned from property and casualty business rose
7 percent to $1.40 billion.
During the quarter, XL Group bought back 6.1 million shares
for a total of $125 million, it said in a statement.
The company's shares closed at $21.37 on Tuesday on the New
York Stock Exchange.