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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INCOME        
Consulting fees $ 1,944 $ 1,623 $ 5,913 $ 7,704
Net investment income 19,658 18,498 60,995 53,105
Net realized and unrealized gains (losses) 28,280 (8,512) 55,353 6,983
Gain on bargain purchase       13,105
Total income 49,882 11,609 122,261 80,897
Net reduction in ultimate loss and loss adjustment expense liabilities:        
Reduction in estimates of net ultimate losses (58,506) (42,467) (120,221) (72,908)
Reduction in provisions for bad debt   (2,399) (2,782) (4,071)
Reduction in provisions for unallocated loss adjustment expense liabilities (12,579) (14,113) (37,092) (37,433)
Amortization of fair value adjustments 8,538 8,865 18,365 25,911
Total net reduction in ultimate loss and loss adjustment expense liabilities (62,547) (50,114) (141,730) (88,501)
Salaries and benefits 25,138 20,923 69,968 48,028
General and administrative expenses 14,409 20,759 43,423 66,720
Interest expense 1,713 2,435 5,886 6,098
Net foreign exchange losses (gains) 977 (8,878) 2,618 388
Total expenses (20,310) (14,875) (19,835) 32,733
EARNINGS BEFORE INCOME TAXES 70,192 26,484 142,096 48,164
INCOME TAXES (14,700) (4,436) (30,347) (6,028)
NET EARNINGS 55,492 22,048 111,749 42,136
Less: Net earnings attributable to noncontrolling interest (7,776) (9,984) (13,638) (17,194)
NET EARNINGS ATTRIBUTABLE TO ENSTAR GROUP LIMITED $ 47,716 $ 12,064 $ 98,111 $ 24,942
EARNINGS PER SHARE - BASIC:        
Net earnings per ordinary share attributable to Enstar Group Limited shareholders $ 2.90 $ 0.85 $ 5.97 $ 1.81
EARNINGS PER SHARE - DILUTED        
Net earnings per ordinary share attributable to Enstar Group Limited shareholders $ 2.86 $ 0.83 $ 5.88 $ 1.78
Weighted average ordinary shares outstanding - basic 16,437,780 14,270,003 16,433,943 13,743,191
Weighted average ordinary shares outstanding - diluted 16,676,529 14,559,164 16,674,356 14,025,144