Enstar doubles Q2 profits
Legacy-to-live carrier Enstar reported a second quarter pre-tax
profit of $111.3mn, more than double the result generated in the
same period of last year.
Net earnings rose to $4.62 per ordinary share from $2.09 in the
prior-year period.
The main driver in the rise posted by the Bermuda-based company
was a 90 percent plunge in net incurred losses, which dropped to
$9.6mn from $96.5mn in the year-earlier quarter.
Pre-tax profit from Enstar's live carrier StarStone fell by
14.1 percent to...
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