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Mar 31, 2024
Enstar Q1 2024 Earnings Report
Reported net income attributable to Enstar ordinary shareholders driven by positive investment results and growth in book value per ordinary share.
Key Takeaways
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.
Net income attributable to Enstar ordinary shareholders was $119 million with a return on equity of 2.4%.
Book value per ordinary share increased by 1.7% to $349.41.
Run-off liability earnings were $24 million, driven by favorable development in professional indemnity/directors and officers and asbestos lines of business.
A $400 million Loss Portfolio Transfer agreement with SiriusPoint was announced subsequent to the quarter-end.
Revenue by Segment
Forward Guidance
Enstar is focused on meeting the growing risk management needs of the (re)insurance sector while creating long-term value for its shareholders.
Positive Outlook
- Solid performance in investment portfolio
- Positive Run-Off Liability Earnings
- Executed a $400 million Loss Portfolio Transfer with SiriusPoint
- Expanding Workers’ Compensation portfolio
- Taking advantage of opportunities across the business throughout the year
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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