Enstar Group Limited Reports Third Quarter Results
(Thomson Reuters ONE) -
HAMILTON, Bermuda, Nov. 10, 2014 (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 and nine
months ended September 30, 2014.
Enstar reported consolidated net earnings of $26.4 million (or $1.37 per fully
diluted share) for the three months ended September 30, 2014 and $107.8 million
(or $5.84 per fully diluted share) for the nine months ended September
30, 2014, compared to $40.0 million (or $2.39 per fully diluted share) for the
three months ended September 30, 2013 and $71.1 million (or $4.26 per fully
diluted share) for the nine months ended September 30, 2013.
Enstar's shareholders' equity at September 30, 2014 amounted to $2,214.3 million
(or $114.64 per fully diluted share), as compared to $1,755.5 million (or
$105.20 per fully diluted share) at December 31, 2013. 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 Group Limited and its operating subsidiaries acquire and manage
diversified insurance businesses through a network of service companies in
Bermuda, the United States, the United Kingdom, Continental Europe, Australia,
and other international locations. Enstar is a market leader in completing run-
off acquisitions, having acquired over 60 companies and portfolios since its
formation in 2001. Enstar's active underwriting businesses include the Atrium
group of companies, which manage and underwrite specialist insurance and
reinsurance business for Lloyd's Syndicate 609, and the Torus group of
companies, an A- rated global specialty insurance group with multiple global
underwriting platforms, including Lloyd's Syndicate 1301. For further
information about Enstar, see www.enstargroup.com.
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 may be found under the heading "Risk Factors" in Enstar's Form 10-K for
the year ended December 31, 2013 and Form 10-Q for the fiscal quarter ended June
30, 2014, 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
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Enstar Group Limited via GlobeNewswire
[HUG#1870367]
Unternehmensinformation / Kurzprofil:
Datum: 10.11.2014 - 22:30 Uhr
Sprache: Deutsch
News-ID 351344
Anzahl Zeichen: 4011
contact information:
Town:
Hamilton
Kategorie:
Business News
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