DJ DGAP-News: Enstar Group Limited Reports Year-End Results

Enstar Group Limited

07.03.2011 12:33
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HAMILTON, Bermuda, 2011-03-07 12:33 CET (GLOBE NEWSWIRE) --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, 2010.

Enstar reported consolidated net earnings of $174.1 million (or $12.66 per
fully diluted share) for the year ended December 31, 2010, compared to $135.2
million (or $9.84 per fully diluted share) for the year ended December 31,
2009.

Enstar's shareholders' equity at December 31, 2010 amounted to $948.4 million
(excluding noncontrolling interest of $267.4 million) (or $71.68 per fully
diluted share), up from $801.9 million (or $58.06 per fully diluted share) at
December 31, 2009. 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.

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 Form 10-K for the year ended
December 31, 2010, 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
(441) 292-3645
News Source: NASDAQ OMX



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Language: English
Company: Enstar Group Limited


BM
Phone:
Fax:
E-mail:
Internet:
ISIN: BMG3075P1014
WKN:

End of Announcement DGAP News-Service

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(END) Dow Jones Newswires

March 07, 2011 06:33 ET (11:33 GMT)