08-05-2017 21:03 via insuranceinsider.com

Enstar profits up 11.4% in Q1

Legacy-to-live carrier Enstar reported a pre-tax profit of $68.8mn
in the first quarter, 11.4 percent more than in the same period of
last year.
Net earnings per ordinary share rose by 19.2 percent
year-on-year to $2.80.
The main driver was greater net realised and unrealised gains in
the investment portfolio, which contributed $58.5mn for Q1 2017
compared with $38.3mn in Q1 2016.
Pre-tax profit from Enstar's live carrier StarStone fell by
37.5 percent to $13.5mn for the three months ending...
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