EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2012

Comparison of Basic and Diluted Earnings Per Ordinary Share

The following table sets forth the comparison of basic and diluted earnings per share for the three and nine month periods ended September 30, 2012 and 2011:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Basic earnings per ordinary share:
Net earnings attributable to Enstar Group Limited	$	47,716	$	12,064	$	98,111	$	24,942
Weighted average ordinary shares outstanding — basic		16,437,780		14,270,003		16,433,943		13,743,191
Net earnings per ordinary share attributable to Enstar Group Limited — basic	$	2.90	$	0.85	$	5.97	$	1.81
Diluted earnings per ordinary share:
Net earnings attributable to Enstar Group Limited	$	47,716	$	12,064	$	98,111	$	24,942
Weighted average ordinary shares outstanding — basic		16,437,780		14,270,003		16,433,943		13,743,191
Share equivalents:
Nonvested shares		160,644		203,930		163,062		194,223
Restricted share units		15,046		19,594		14,263		16,854
Options		63,059		65,637		63,088		70,876
Weighted average ordinary shares outstanding — diluted		16,676,529		14,559,164		16,674,356		14,025,144
Net earnings per ordinary share attributable to Enstar Group Limited — diluted	$	2.86	$	0.83	$	5.88	$	1.78