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Condensed Consolidated Statements of Earnings (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
INCOME        
Consulting fees $ 2,045 $ 3,500 $ 6,081 $ 17,628
Net investment income 22,928 22,998 41,470 49,119
Net realized and unrealized gains (losses) 5,264 (4,227) 8,632 (2,025)
Gain on bargain purchase     13,105  
Total income 30,237 22,271 69,288 64,722
EXPENSES - Net reduction in ultimate loss and loss adjustment expense liabilities:        
Reduction in estimates of net ultimate losses (27,829) (35,104) (30,441) (37,046)
Reduction in provisions for bad debt (1,672) (7,768) (1,672) (13,107)
Reduction in provisions for unallocated loss adjustment expense liabilities (11,783) (11,696) (23,320) (20,661)
Amortization of fair value adjustments 6,969 12,202 17,046 18,852
Total net reduction in ultimate loss and loss adjustment expense liabilities (34,315) (42,366) (38,387) (51,962)
Salaries and benefits 16,723 14,254 27,105 29,444
General and administrative expenses 28,211 15,801 45,961 26,288
Interest expenses 1,697 2,805 3,663 5,199
Net foreign exchange losses (gains) 1,932 (5,615) 9,266 1,973
Total expenses 14,248 (15,121) 47,608 10,942
EARNINGS BEFORE INCOME TAXES AND SHARE OF NET EARNINGS OF PARTLY OWNED COMPANY 15,989 37,392 21,680 53,780
INCOME TAXES (975) (16,115) (1,592) (22,037)
SHARE OF NET EARNINGS OF PARTLY OWNED COMPANY   2,203   9,353
NET EARNINGS 15,014 23,480 20,088 41,096
Net earnings attributable to noncontrolling interest (5,639) (11,050) (7,210) (12,745)
NET EARNINGS ATTRIBUTABLE TO ENSTAR GROUP LIMITED $ 9,375 $ 12,430 $ 12,878 $ 28,351
EARNINGS PER SHARE - BASIC:        
Net earnings attributable to Enstar Group Limited ordinary shareholders $ 0.67 $ 0.91 $ 0.96 $ 2.08
EARNINGS PER SHARE - DILUTED:        
Net earnings attributable to Enstar Group Limited ordinary shareholders $ 0.66 $ 0.89 $ 0.94 $ 2.04
Weighted average shares outstanding - basic 13,999,179 13,702,832 13,475,418 13,661,516
Weighted average shares outstanding - diluted 14,285,685 14,019,489 13,755,623 13,925,551