Enstar Earnings Reports

Enstar Group Limited announced financial results for the second quarter 2024, with net income from the Run-off segment at $19 million and the Investments segment at $214 million.

Enstar Group Limited reported a net income of $119 million attributable to ordinary shareholders for Q1 2024, with a return on equity of 2.4%. The company's book value per ordinary share grew by 1.7% to $349.41. Subsequent to the quarter's end, Enstar announced a $400 million loss portfolio transaction with SiriusPoint.

Enstar Group Limited reported a net income attributable to Enstar ordinary shareholders of $599 million for the fourth quarter of 2023, a significant increase compared to a net loss of $227 million in the same period of 2022. The company's ROE was 13.7%, driven by investment returns and a tax benefit. The company closed transaction with AIG, and repurchased shares.

Enstar Group Limited reported net earnings of $38 million for the third quarter of 2023, a significant improvement compared to the net loss of $432 million in the same period last year. The company's return on equity was 0.9%, primarily driven by investment returns of $146 million. Enstar also closed a previously announced transaction with AIG and agreed to repurchase $191 million of ordinary shares.

Enstar Group Limited reported net earnings of $21 million for the second quarter of 2023, a significant improvement compared to a net loss of $434 million in the same period last year. The positive results were primarily driven by investment returns of $159 million and favorable development in the workers' compensation line of business.

Enstar Group Limited reported a solid start to 2023 with strong net earnings of $424 million, primarily driven by positive investment performance. The company completed the novation of Enhanzed Re reinsurance policies, recording a $194 million gain, and entered into a $1.9 billion Loss Portfolio Transfer agreement with QBE, which was completed subsequent to the quarter end. Additionally, Enstar repurchased $341 million of non-voting convertible ordinary shares, simplifying its capital structure.

Enstar Group Limited reported strong fourth quarter results with net earnings of $227 million and an 8.4% increase in book value. The company closed a Loss Portfolio Transfer (LPT) with Argo and substantially completed the unwind of Enhanzed Re’s reinsurance transactions. They announced a $1.9 billion global ground-up LPT with QBE and an AUD$360 million LPT with Royal Automobile Club of Queensland.

Enstar Group Limited reported a net loss of $444 million for the third quarter of 2022, driven by unrealized losses on fixed income securities in a rising interest rate environment. However, the company's Group regulatory solvency strengthened during the quarter, and it entered into reinsurance agreements with Argo and Probitas.

Enstar Group Limited reported a net loss of $493 million for the second quarter of 2022, primarily driven by unrealized losses on fixed income securities. However, the company's solvency or economic balance sheet became stronger during the quarter. Enstar completed a significant loss portfolio transaction with Aspen and announced a reinsurance agreement with Argo.

Enstar Group Limited reported a net loss of $282 million for the three months ended March 31, 2022, primarily driven by unrealized losses on fixed income securities due to rising interest rates. The company returned $42 million to shareholders through share repurchases and signed a $3.1 billion loss portfolio transfer transaction with Aspen Insurance Holdings Limited.

Enstar Group Limited reported consolidated net earnings of $437 million for the year ended December 31, 2021. The key drivers included net investment income, net unrealized gains, and favorable prior period development in net incurred losses and loss adjustment expense.