XL reports 3Q loss

HAMILTON, Bermuda (AP) _ XL Group PLC (XL) on Tuesday reported a third-quarter loss of $1.04 billion, after reporting a profit in the same period a year earlier.

On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of $4.06. Losses, adjusted for non-recurring costs, came to $4 per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $3.89 per share.

The insurance and reinsurance company posted revenue of $2.88 billion in the period. Its adjusted revenue was $2.84 billion.

XL shares have increased 14 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 15 percent. In the final minutes of trading on Tuesday, shares hit $42.32, a climb of 26 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XL at https://www.zacks.com/ap/XL