HAMILTON, Bermuda, Aug. 03, 2017
(GLOBE NEWSWIRE) -- 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.