Enstar Group Limited Reports Third Quarter Results
November 09 2015 - 6:51AM
Enstar Group Limited (Nasdaq:ESGR) filed its quarterly report on
Form 10-Q with the SEC earlier today, reporting its earnings and
financial position for the three and nine months ended September
30, 2015.
Enstar reported consolidated net earnings of $49.0 million (or
$2.53 per fully diluted share) for the three months ended September
30, 2015 and $108.4 million (or $5.59 per fully diluted share) for
the nine months ended September 30, 2015, compared to $26.4 million
(or $1.37 per fully diluted share) for the three months ended
September 30, 2014 and $107.8 million (or $5.84 per fully diluted
share) for the nine months ended September 30, 2014.
Enstar’s shareholders’ equity at September 30, 2015 amounted to
$2,438.1 million (or $125.69 per fully diluted share), as compared
to $2,304.9 million (or $119.22 per fully diluted share) at
December 31, 2014. The Form 10-Q, which is available on
Enstar’s website, www.enstargroup.com, contains a more detailed
description of Enstar’s business and financial results.
Enstar Group Limited and its operating
subsidiaries acquire and manage diversified insurance businesses
through a network of service companies in Bermuda, the United
States, the United Kingdom, Continental Europe, Australia, and
other international locations. Enstar is a market leader in
completing legacy acquisitions, having acquired over 70 companies
and portfolios since its formation in 2001. Enstar’s active
underwriting businesses include the Atrium group of companies,
which manage and underwrite specialist insurance and reinsurance
business for Lloyd’s Syndicate 609, and the StarStone group of
companies, an A- rated global specialty insurance group with
multiple global underwriting platforms. For further
information about Enstar, see www.enstargroup.com.
This press release contains certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements include statements regarding
the intent, belief or current expectations of Enstar and its
management team. Investors are cautioned that any such
forward-looking statements speak only as of the date they are made,
are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors. Important risk factors regarding Enstar may be
found under the heading “Risk Factors” in Enstar’s Form 10-K for
the year ended December 31, 2014 and Form 10-Q for the quarterly
period ended June 30, 2015, and are incorporated herein by
reference. Furthermore, Enstar undertakes no obligation to update
any written or oral forward-looking statements or publicly announce
any updates or revisions to any of the forward-looking statements
contained herein, to reflect any change in its expectations with
regard thereto or any change in events, conditions, circumstances
or assumptions underlying such statements, except as required by
law.
Contact: Mark Smith
Telephone: (441) 292-3645
Enstar (NASDAQ:ESGR)
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