DUBLIN, Ireland, Feb. 19, 2016 - XL Group plc ("XL" or the "Company") (NYSE: XL) announced today that the Board of Directors of the Company (the "Board") declared a quarterly dividend on February 18, 2016 of $0.20 per ordinary share payable on the Company's ordinary shares. The dividend will be payable on March 31, 2016 to ordinary shareholders of record as of March 15, 2016.
The Company also announced today that the board of directors of its wholly-owned subsidiary, XLIT Ltd., resolved on February 18, 2016 to pay (a) a dividend of $9.3490 per share on XLIT Ltd.'s Series D Preference Ordinary Shares, which dividend will be paid on April 15, 2016 to all shareholders of record as of April 1, 2016 and (b) a dividend of $32.50 per share on XLIT Ltd.'s Series E Preference Ordinary Shares, which dividend will be paid on April 15, 2016 to all shareholders of record as of April 1, 2016.
About XL Group plc
XL Group plc (NYSE: XL), through its subsidiaries and under the XL Catlin brand, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit www.xlcatlin.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about XL's beliefs, plans or expectations, are forward-looking statements. These statements are based on current plans, estimates and expectations, all of which involve risk and uncertainty. Statements that include the words "expect," "intend," "plan," "believe," "project," "anticipate," "may," "look" or similar statements of a future or forward-looking nature identify forward-looking statements. Factors that could cause actual results to differ from those predicted are set forth under "Risk Factors" or "Cautionary Note Regarding Forward-Looking Statements" in XL's Annual Report on Form 10-K for the year ended December 31, 2014 and our other documents on file with the SEC. XL undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
SOURCE XL Group plc