Enstar profits more than halve in Q4

Legacy-to-live carrier Enstar reported a nearly 80 percent drop
in fourth-quarter net income even as net earned premiums rose 21
percent as expenses surged.
Enstar's pre-tax profit fell 55 percent to about $35.4mn
from the year-earlier period, the Bermuda-based company said today
in a regulatory filing. It did not break out the source of the
decline on a quarterly basis, although expenses jumped 62 percent
to about $173.4mn.
In per share terms, the company said it earned $1.16 per share...