On the Record · XL Group
XL Group acquisitions, on the record
The businesses XL Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
NAC Re CorpWord for word“In June 1999, XL Capital Ltd acquired NAC Re Corp ("NAC"), a Delaware corporation, in a stock merger; a combination which expanded our reinsurance business within North America.” 10-K for 2015 | acquisition | June 1999 | — |
Winterthur Swiss Insurance Company business operationsWord for word“In July 2001, we acquired certain business operations and companies from Winterthur Swiss Insurance Company to extend and complement our predominantly North American-based large corporate insurance business globally.” 10-K for 2015 | acquisition | July 2001 | — |
Le Mans ReWord for word“In September 2003, we completed the last stage of a step acquisition, in which we obtained 100% of French reinsurer Le Mans Re ("Le Mans"), to expand our reinsurance business in Europe.” 10-K for 2015 | acquisition | September 2003 | — |
Catlin Group LtdWord for word“On May 1, 2015 (the "Acquisition Date"), we completed our acquisition (the "Catlin Acquisition") of the entire issued share capital of Catlin Group Ltd ("Catlin") for $4.1 billion in cash and ordinary shares of XL-Ireland, as contemplated by the Implementation Agreement, dated January 9, 2015 (the "Implementation Agreement"), by and among XL-Ireland, Green Holdings Limited, a wholly-owned subsidiary of the Company ("Green Holdings"), and Catlin, pursuant to which Catlin was merged with and into Green Holdings.” 10-K for 2015 | acquisition | On May 1, 2015 | $4.1 billion in cash and ordinary shares of XL-Ireland |
ARX Holding Corp.Word for word“On April 1, 2015, XL Re Ltd ("XL Re"), an indirect wholly-owned subsidiary of XL-Ireland, completed the previously announced sale of all of its shares in ARX Holding Corp. ("ARX") to The Progressive Corporation.” 10-K for 2015 | divestiture | On April 1, 2015 | — |
ARX Holding Corp. (ARX)Word for word“Additionally, in 2015, we recognized the gain on the sale of our operating affiliate, ARX Holding Corp. ("ARX"), as discussed in Item 8, Note 2(f), "Acquisitions and Disposals - Sale of Operating Affiliate ," to the Consolidated Financial Statements included herein.” 10-K for 2016 | divestiture | — | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $92.9 million | $14.1 million |
| 2017-12-31 | $0 | — |
Deal filings since 2016
- 2018-09-12 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-03-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-08-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from XL Group’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-02-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.