Enstar Group Limited Reports 2017 Year-End Results
February 28 2018 - 5:14PM
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, 2017.
Enstar reported consolidated net earnings of
$311.5 million (or $15.95 per fully diluted share) for the year
ended December 31, 2017 compared to $264.8 million (or $13.62 per
fully diluted share) for the year ended December 31, 2016.
Enstar's shareholders' equity at December 31,
2017 amounted to $3,136.7 million (or $159.19 per fully diluted
share), which was up from $2,802.3 million (or $143.68 per fully
diluted share) at December 31, 2016. 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, with
over $13.6 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 80 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, 2017 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: Guy
BowkerTelephone: +1 (441) 292-3645
Enstar (NASDAQ:ESGR)
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