Enstar Group Limited Reports 2015 Year-End Results
February 29 2016 - 5:18PM
HAMILTON, Bermuda, Feb. 29, 2016
(GLOBE NEWSWIRE) -- Enstar Group Limited (Nasdaq:ESGR) filed its
annual report on Form 10-K with the SEC earlier today, reporting
its earnings and financial position for the year ended December 31,
2015.
Enstar reported consolidated net
earnings of $220.3 million (or $11.35 per fully diluted share) for
the year ended December 31, 2015 compared to $213.7 million (or
$11.44 per fully diluted share) for the year ended December 31,
2014.
Enstar's shareholders' equity at
December 31, 2015 amounted to $2,516.9 million (or $129.65 per
fully diluted share), which was up from $2,304.9 million (or
$119.22 per fully diluted share) at December 31, 2014. The Form
10-K, which is available on Enstar's
website, www.enstargroup.com, contains a more detailed
description of Enstar's business and financial results.
About
Enstar
Enstar is a multi-faceted insurance
group that offers innovative capital release solutions and
specialty underwriting capabilities through its network of group
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 StarStone
group of companies, an A- rated global specialty insurance group
with multiple global underwriting platforms, and the Atrium group
of companies, which manage and underwrite specialist insurance and
reinsurance business for Lloyd's Syndicate 609. For further
information about Enstar, see www.enstargroup.com.
Cautionary
Statement
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 can be found under the
heading "Risk Factors" in Enstar's Form 10-K for the year ended
December 31, 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: +1 (441) 292-3645
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Enstar Group Limited via Globenewswire
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