Enstar Group Limited Reports Third Quarter Results
(Thomson Reuters ONE) -
HAMILTON, Bermuda, Nov. 08, 2016 (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 nine months
ended September 30, 2016.
Enstar reported consolidated net earnings of $156.0 million (or $8.02 per fully
diluted share) for the three months ended September 30, 2016 and $242.2 million
(or $12.46 per fully diluted share) for the nine months ended September 30,
2016, compared to $49.0 million (or $2.53 per fully diluted share) for the three
months ended September 30, 2015 and $108.4 million (or $5.59 per fully diluted
share) for the nine months ended September 30, 2015.
Enstar's shareholders' equity at September 30, 2016 amounted to $2,777.5 million
(or $142.86 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 Form 10-Q for the quarterly period ended
September 30, 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
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Enstar Group Limited via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 08.11.2016 - 22:41 Uhr
Sprache: Deutsch
News-ID 505735
Anzahl Zeichen: 3935
contact information:
Town:
Hamilton
Kategorie:
Business News
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"Enstar Group Limited Reports Third Quarter Results"
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