Net income from Run-off segment was $19 million, compared to a net loss of $34 million in the comparative quarter.

Net income from Investments segment was $214 million, compared to $149 million for the same period last year.

President Orla Gregory will step down at the end of the year.

Enstar entered into a definitive merger agreement to be acquired by a consortium of institutional investors led by Sixth Street for $5.1 billion.