Enstar Group Limited Reports First Quarter Results
May 06 2016 - 5:03PM
Enstar Group Limited (Nasdaq:ESGR) filed its quarterly report on
Form 10-Q with the SEC today, reporting its earnings and financial
position for the three months ended March 31, 2016.
Enstar reported consolidated net earnings of $45.5
million (or $2.35 per fully diluted share) for the three months
ended March 31, 2016 compared to $44.8 million (or $2.32 per fully
diluted share) for the three months ended March 31, 2015.
Enstar's shareholders' equity at March 31, 2015
amounted to $2,577.8 million (or $132.85 per fully diluted share),
as compared to $2,516.9 million (or $129.65 per fully diluted
share) at December 31, 2015. 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.
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
Enstar (NASDAQ:ESGR)
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