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For 1Q16, in $XL's Reinsurance segment, reserve releases totaled $32MM compared to $42MM a year ago. The Reinsurance segment produced an accident quarter ex-cat loss ratio of 52.3% compared to 54.7% in 1Q15. Expense ratio increased to 33.8%. Catastrophe losses totaled $17MM net of reinstatement premiums in 1Q16.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.