Enstar Group Limited Reports 2016 Year-End Results
February 27 2017 - 12:00PM
Enstar Group Limited (Nasdaq:ESGR) filed its annual report on Form
10-K with the SEC earlier today, reporting its earnings and
financial position for the year ended December 31, 2016.
Enstar reported consolidated net earnings of $264.8
million (or $13.62 per fully diluted share) for the year ended
December 31, 2016 compared to $220.3 million (or $11.35 per fully
diluted share) for the year ended December 31, 2015.
Enstar's shareholders' equity at December 31,
2016 amounted to $2,802.3 million (or $143.68 per fully diluted
share), which was up from $2,516.9 million (or $129.65 per fully
diluted share) at December 31, 2015. The Form 10-K, 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 75
companies and portfolios since its formation in 2001, and has over
$12 billion in total assets. 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 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: Mark Smith
Telephone: +1 (441) 292-3645
Enstar (NASDAQ:ESGR)
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