Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

We monitor and report our results of operations in four segments: Non-life Run-off, Atrium, StarStone and Life and Annuities. These segments are described in Note 1 and Note 22 to the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2015.

The following tables set forth selected and condensed consolidated statement of earnings results by segment for the three months ended March 31, 2016 and 2015:

	Three Months Ended March 31, 2016
	Non-life Run-off			Atrium			StarStone			Life and Annuities			Eliminations			Consolidated
INCOME
Net premiums earned	$	5,435		$	31,911		$	154,082		$	17,981		$	—		$	209,409
Fees and commission income	6,566			3,832			—			—			(5,051		)	5,347
Net investment income	36,230			554			5,280			18,421			(422		)	60,063
Net realized and unrealized gains (losses)	23,390			40			14,349			185			—			37,964
Other income	1,800			34			11			568			—			2,413
	73,421			36,371			173,722			37,155			(5,473		)	315,196
EXPENSES
Net incurred losses and LAE	(23,554		)	15,589			91,183			—			—			83,218
Life and annuity policy benefits	—			—			—			20,980			—			20,980
Acquisition costs	1,982			11,087			32,060			2,402			(266		)	47,265
Salaries and benefits	35,697			2,858			17,849			1,156			—			57,560
General and administrative expenses	22,416			3,550			12,306			3,404			(4,790		)	36,886
Interest expense	5,480			—			—			338			(417		)	5,401
Net foreign exchange losses (gains)	880			1,815			(1,299		)	376			—			1,772
	42,901			34,899			152,099			28,656			(5,473		)	253,082
EARNINGS BEFORE INCOME TAXES	30,520			1,472			21,623			8,499			—			62,114
INCOME TAXES	(4,673		)	(678		)	(2,018		)	(140		)	—			(7,509		)
NET EARNINGS	25,847			794			19,605			8,359			—			54,605
Less: Net losses (earnings) attributable to noncontrolling interest	(715		)	(326		)	(8,044		)	—			—			(9,085		)
NET EARNINGS ATTRIBUTABLE TO ENSTAR GROUP LIMITED	$	25,132		$	468		$	11,561		$	8,359		$	—		$	45,520

	Three Months Ended March 31, 2015
	Non-life Run-off			Atrium			StarStone			Life and Annuities			Eliminations			Consolidated
INCOME
Net premiums earned	$	18,492		$	33,872		$	123,622		$	22,920		$	—		$	198,906
Fees and commission income	4,837			9,528			14			—			(2,899		)	11,480
Net investment income	18,864			506			2,130			9,075			(160		)	30,415
Net realized and unrealized gains	34,660			91			4,702			3,567			—			43,020
Other income	3,040			79			64			295			—			3,478
	79,893			44,076			130,532			35,857			(3,059		)	287,299
EXPENSES
Net incurred losses and LAE	(13,100		)	7,020			76,216			—			—			70,136
Life and annuity policy benefits	—			—			—			22,847			—			22,847
Acquisition costs	(1,705		)	9,406			24,143			2,706			—			34,550
Salaries and benefits	32,044			8,169			15,420			2,139			—			57,772
General and administrative expenses	22,947			3,454			14,793			531			(2,899		)	38,826
Interest expense	2,520			1,483			—			160			(160		)	4,003
Net foreign exchange losses (gains)	5,138			(2,515		)	(6,380		)	(1,314		)	—			(5,071		)
	47,844			27,017			124,192			27,069			(3,059		)	223,063
EARNINGS BEFORE INCOME TAXES	32,049			17,059			6,340			8,788			—			64,236
INCOME TAXES	(5,107		)	(1,884		)	(682		)	(3,071		)	—			(10,744		)
NET EARNINGS	26,942			15,175			5,658			5,717			—			53,492
Less: Net losses (earnings) attributable to noncontrolling interest	404			(6,728		)	(2,321		)	—			—			(8,645		)
NET EARNINGS ATTRIBUTABLE TO ENSTAR GROUP LIMITED	$	27,346		$	8,447		$	3,337		$	5,717		$	—		$	44,847

Assets by Segment

Invested assets are managed on a subsidiary-by-subsidiary basis, and investment income and realized and unrealized gains (losses) on investments are recognized in each segment as earned. Our total assets as at March 31, 2016 and December 31, 2015 by segment were as follows (the elimination items include the elimination of intersegment assets):

	2016			2015
Total assets:
Non-life Run-off	$	8,327,932		$	7,629,184
Atrium	589,456			555,621
StarStone	2,765,329			2,778,275
Life and annuities	1,694,773			1,734,945
Less:
Eliminations	(527,140		)	(865,893		)
	$	12,850,350		$	11,832,132