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In 2Q16, $XL's P&C gross premiums written increased 17.6% compared to 2Q15 due to the combination with Catlin. The Insurance segment GPW rose 13.2% primarily due to the combination with Catlin. The Reinsurance segment GPW grew by 30.2%, on combination with Catlin and significant new business. P&C net premiums earned were $2.5Bil.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.