Stratrix
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

BusinessDealWhenValue
NAC Re Corp
Word 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
acquisitionJune 1999—
Winterthur Swiss Insurance Company business operations
Word 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
acquisitionJuly 2001—
Le Mans Re
Word 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
acquisitionSeptember 2003—
Catlin Group Ltd
Word 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
acquisitionOn 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
divestitureOn 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——
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash 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

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.