Enstar Group has reported total revenues of $0.8m for the first quarter of 2010, a decrease of 26% compared to $1.09m for the same quarter in 2009.
The company posted EBITDA of $16.3m for the first quarter of 2010 compared to $9.9m for the same period last year.
The company’s net investment income for the quarter were $2.2m compared to a net investment loss of $6.01m for the same quarter in 2009.
For the quarter ended March 31, 2010, the company posted net income of $15.9m, or $1.15 per diluted share, compared to $11.5m, or $0.84 per diluted share, for the same period last year.
Headquartered in Hamilton, Enstar Group, formerly known as Castlewood Holdings, was formed under the laws of Bermuda to acquire and manage insurance and reinsurance companies in run-off and to provide management, consulting and other services to insurance and reinsurance industry.