XML 18 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INCOME        
Net premiums earned $ 226,928 $ 212,023 $ 436,337 $ 410,929
Fees and commission income 7,243 9,131 12,590 20,611
Net investment income 54,223 34,655 114,286 65,072
Net realized and unrealized gains (losses) 37,987 (11,249) 75,951 31,771
Other income 4,048 11,838 6,461 15,314
Total income 330,429 256,398 645,625 543,697
EXPENSES        
Net incurred losses and loss adjustment expenses 96,462 65,900 179,680 136,036
Life and annuity policy benefits 19,778 28,090 40,758 50,937
Acquisition costs 46,489 37,094 93,754 71,644
General and administrative expenses 105,878 93,963 200,324 190,561
Interest expense 5,424 4,876 10,825 8,879
Net foreign exchange losses (gains) (1,856) 2,452 (84) (2,619)
Total expenses 272,175 232,375 525,257 455,438
EARNINGS BEFORE INCOME TAXES 58,254 24,023 120,368 88,259
INCOME TAXES (8,473) (5,816) (15,982) (16,560)
NET EARNINGS 49,781 18,207 104,386 71,699
Less: Net losses (earnings) attributable to noncontrolling interest (9,187) (3,662) (18,272) (12,307)
NET EARNINGS ATTRIBUTABLE TO ENSTAR GROUP LIMITED $ 40,594 $ 14,545 $ 86,114 $ 59,392
EARNINGS PER SHARE — BASIC        
Net earnings per ordinary share attributable to Enstar Group Limited shareholders (in dollars per share) $ 2.10 $ 0.76 $ 4.46 $ 3.09
EARNINGS PER SHARE — DILUTED        
Net earnings per ordinary share attributable to Enstar Group Limited shareholders (in dollars per share) $ 2.09 $ 0.75 $ 4.43 $ 3.07
Weighted-average ordinary shares outstanding — basic (in shares) 19,295,280 19,252,359 19,289,119 19,244,951
Weighted-average ordinary shares outstanding — diluted (in shares) 19,430,464 19,383,753 19,420,541 19,364,775