DGAP-News: Enstar Group Limited Reports First Quarter Results
ID: 631689
04.05.2012 22:30
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HAMILTON, Bermuda, 2012-05-04 22:30 CEST (GLOBE NEWSWIRE) --
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 months ended March 31, 2012.
Enstar reported consolidated net earnings of $9.7 million (or $0.58 per fully
diluted share) for the three months ended March 31, 2012 compared to $3.5
million (or $0.26 per fully diluted share) for the three months ended March 31,
2011.
Enstar's shareholders' equity at March 31, 2012 amounted to $1.40 billion
(excluding noncontrolling interest of $264.9 million) (or $83.84 per fully
diluted share), up from $1.39 billion (excluding noncontrolling interest of
$297.3 million) (or $82.97 per fully diluted share) at December 31, 2011. 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, a Bermuda company, acquires and manages insurance and reinsurance
companies in run-off and portfolios of insurance and reinsurance business in
run-off, and provides management, consultancy and other services to the
insurance and reinsurance industry.
The Enstar Group Limited logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5734
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. Prospective investors are
cautioned that any such forward-looking statements 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 Annual Report on Form 10-K
for the year ended December 31, 2011, 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: Richard J. Harris
Telephone: (441) 292-3645
News Source: NASDAQ OMX
04.05.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Enstar Group Limited
Bermuda
Phone:
Fax:
E-mail:
Internet:
ISIN: BMG3075P1014
WKN:
End of Announcement DGAP News-Service
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Datum: 04.05.2012 - 22:30 Uhr
Sprache: Deutsch
News-ID 631689
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