XL Capital Reports Huge Gains for 2Q

XL Capital Ltd ("XL" or the "Company") (NYSE: XL) Friday reported net income available to ordinary shareholders for the quarter ended June 30, 2003 of $347.7 million, or $2.51 per ordinary share, compared with a net loss of $91.7 million, or $0.68 per ordinary share, in the second quarter of 2002. 'Net income excluding net realized gains and losses on investments and net realized and unrealized gains and losses on credit and investment derivative instruments, net of tax' for the second quarter of 2003 was $268.6 million, or $1.94 per ordinary share, compared with $26.4 million, or $0.19 per or...