Enstar Group Limited Reports Second Quarter Results
August 03 2017 - 4:30PM
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 and six months ended June 30, 2017.
Enstar reported consolidated net earnings of $90.2
million (or $4.62 per fully diluted share) for the three months
ended June 30, 2017, compared to $40.6 million (or $2.09 per
fully diluted share) for the three months ended June 30, 2016,
and $144.9 million ($7.43 per fully diluted share) for the six
months ended June 30, 2017, compared to $86.1 million (or
$4.43 per fully diluted share) for the six months ended
June 30, 2016.
Enstar's shareholders' equity at June 30, 2017
amounted to $2,962.2 million (or $150.56 per fully diluted share),
as compared to $2,802.3 million (or $143.68 per fully diluted
share) at December 31, 2016. 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, with
over $14 billion in assets, 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 75 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, 2016 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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