Segment Information

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2016 and 2015:

	Three Months Ended June 30, 2016
	Non-life Run-off			Atrium			StarStone			Life and Annuities			Eliminations			Consolidated
INCOME
Net premiums earned	$	4,476		$	31,758		$	171,035		$	19,659		$	—		$	226,928
Fees and commission income	865			6,378			—			—			—			7,243
Net investment income	37,581			635			5,753			11,113			(859		)	54,223
Net realized and unrealized gains (losses)	26,161			68			8,021			3,737			—			37,987
Other income	2,036			65			1,584			363			—			4,048
	71,119			38,904			186,393			34,872			(859		)	330,429
EXPENSES
Net incurred losses and LAE	(24,690		)	17,133			104,019			—			—			96,462
Life and annuity policy benefits	—			—			—			19,778			—			19,778
Acquisition costs	(56		)	11,240			32,518			2,804			(17		)	46,489
General and administrative expenses	61,449			6,629			31,311			6,467			22			105,878
Interest expense	6,016			—			—			272			(864		)	5,424
Net foreign exchange losses (gains)	(3,096		)	256			1,027			(43		)	—			(1,856		)
	39,623			35,258			168,875			29,278			(859		)	272,175
EARNINGS BEFORE INCOME TAXES	31,496			3,646			17,518			5,594			—			58,254
INCOME TAXES	(3,486		)	(580		)	(3,970		)	(437		)	—			(8,473		)
NET EARNINGS	28,010			3,066			13,548			5,157			—			49,781
Less: Net losses (earnings) attributable to noncontrolling interest	(2,370		)	(1,258		)	(5,559		)	—			—			(9,187		)
NET EARNINGS ATTRIBUTABLE TO ENSTAR GROUP LIMITED	$	25,640		$	1,808		$	7,989		$	5,157		$	—		$	40,594

	Six Months Ended June 30, 2016
	Non-life run-off			Atrium			StarStone			Life and annuities			Eliminations			Consolidated
INCOME
Net premiums earned	$	9,911		$	63,669		$	325,117		$	37,640		$	—		$	436,337
Fees and commission income	7,431			10,210			—			—			(5,051		)	12,590
Net investment income	73,811			1,189			11,033			29,534			(1,281		)	114,286
Net realized and unrealized gains (losses)	49,551			108			22,370			3,922			—			75,951
Other income	3,836			99			1,595			931			—			6,461
	144,540			75,275			360,115			72,027			(6,332		)	645,625
EXPENSES
Net incurred losses and LAE	(48,244		)	32,722			195,202			—			—			179,680
Life and annuity policy benefits	—			—			—			40,758			—			40,758
Acquisition costs	1,926			22,327			64,578			5,206			(283		)	93,754
General and administrative expenses	119,562			13,037			61,466			11,027			(4,768		)	200,324
Interest expense	11,496			—			—			610			(1,281		)	10,825
Net foreign exchange losses (gains)	(2,216		)	2,071			(272		)	333			—			(84		)
	82,524			70,157			320,974			57,934			(6,332		)	525,257
EARNINGS BEFORE INCOME TAXES	62,016			5,118			39,141			14,093			—			120,368
INCOME TAXES	(8,159		)	(1,258		)	(5,988		)	(577		)	—			(15,982		)
NET EARNINGS	53,857			3,860			33,153			13,516			—			104,386
Less: Net earnings attributable to noncontrolling interest	(3,085		)	(1,584		)	(13,603		)	—			—			(18,272		)
NET EARNINGS ATTRIBUTABLE TO ENSTAR GROUP LIMITED	$	50,772		$	2,276		$	19,550		$	13,516		$	—		$	86,114

	Three Months Ended June 30, 2015
	Non-life Run-off			Atrium			StarStone			Life and Annuities			Eliminations			Consolidated
INCOME
Net premiums earned	$	17,298		$	33,957		$	137,696		$	23,072		$	—		$	212,023
Fees and commission income	4,892			7,457			—			—			(3,218		)	9,131
Net investment income	18,569			523			4,058			11,577			(72		)	34,655
Net realized and unrealized gains	(4,308		)	38			(3,355		)	(3,624		)	—			(11,249		)
Other income	9,875			76			1,303			584			—			11,838
	46,326			42,051			139,702			31,609			(3,290		)	256,398
EXPENSES
Net incurred losses and LAE	(28,870		)	13,757			81,013			—			—			65,900
Life and annuity policy benefits	—			—			—			28,090			—			28,090
Acquisition costs	(5,871		)	12,301			27,365			3,299			—			37,094
General and administrative expenses	53,168			6,670			32,891			4,452			(3,218		)	93,963
Interest expense	2,826			1,482			—			640			(72		)	4,876
Net foreign exchange losses (gains)	(4,543		)	2,213			4,200			582			—			2,452
	16,710			36,423			145,469			37,063			(3,290		)	232,375
EARNINGS BEFORE INCOME TAXES	29,616			5,628			(5,767		)	(5,454		)	—			24,023
INCOME TAXES	(6,104		)	(2,252		)	694			1,846			—			(5,816		)
NET EARNINGS	23,512			3,376			(5,073		)	(3,608		)	—			18,207
Less: Net losses (earnings) attributable to noncontrolling interest	(3,761		)	(1,982		)	2,081			—			—			(3,662		)
NET EARNINGS ATTRIBUTABLE TO ENSTAR GROUP LIMITED	$	19,751		$	1,394		$	(2,992	)	$	(3,608	)	$	—		$	14,545

	Six Months Ended June 30, 2015
	Non-life run-off			Atrium			StarStone			Life and annuities			Eliminations			Consolidated
INCOME
Net premiums earned	$	35,790		$	67,829		$	261,318		$	45,992		$	—		$	410,929
Fees and commission income	9,729			16,985			14			—			(6,117		)	20,611
Net investment income	37,433			1,030			6,189			20,652			(232		)	65,072
Net realized and unrealized gains (losses)	30,352			129			1,347			(57		)	—			31,771
Other income	12,915			154			1,366			879			—			15,314
	126,219			86,127			270,234			67,466			(6,349		)	543,697
EXPENSES
Net incurred losses and LAE	(41,970		)	20,777			157,229			—			—			136,036
Life and annuity policy benefits	—			—			—			50,937			—			50,937
Acquisition costs	(7,576		)	21,707			51,508			6,005			—			71,644
General and administrative expenses	108,159			18,293			63,104			7,122			(6,117		)	190,561
Interest expense	5,346			2,965			—			800			(232		)	8,879
Net foreign exchange losses (gains)	595			(302		)	(2,180		)	(732		)	—			(2,619		)
	64,554			63,440			269,661			64,132			(6,349		)	455,438
EARNINGS BEFORE INCOME TAXES	61,665			22,687			573			3,334			—			88,259
INCOME TAXES	(11,211		)	(4,136		)	12			(1,225		)	—			(16,560		)
NET EARNINGS	50,454			18,551			585			2,109			—			71,699
Less: Net earnings attributable to noncontrolling interest	(3,357		)	(8,710		)	(240		)	—			—			(12,307		)
NET EARNINGS ATTRIBUTABLE TO ENSTAR GROUP LIMITED	$	47,097		$	9,841		$	345		$	2,109		$	—		$	59,392

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 June 30, 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	$	8,337,022		$	7,629,184
Atrium	577,235			555,621
StarStone	2,915,503			2,778,275
Life and annuities	1,687,902			1,734,945
Less:
Eliminations	(858,496		)	(865,893		)
	$	12,659,166		$	11,832,132