DGAP-News Enstar Group Limited Reports First Quarter Results

    Nachrichtenquelle: EQS Group AG
     |  04.05.2012, 22:30  |  387 Aufrufe  |   | 


    Enstar Group Limited

    04.05.2012 22:30



    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




    Language:     English
    Company:      Enstar Group Limited
                  
                   
                  Bermuda
    Phone:        
    Fax:          
    E-mail:       
    Internet:     
    ISIN:         BMG3075P1014
    WKN:          

    End of Announcement                             DGAP News-Service




    Wertpapier: Enstar Group

    Themen: Bermuda


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