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Dec 31, 2023
Enstar Q4 2023 Earnings Report
Enstar reported strong Q4 2023 results driven by investment portfolio performance and solid run-off liability earnings.
Key Takeaways
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.
Net income attributable to Enstar ordinary shareholders was $599 million, or $39.71 per diluted ordinary share.
Return on equity was 13.7%, with Adjusted ROE at 9.0%.
Run-off liability earnings were $96 million.
Annualized total investment return was 14.8%, and Adjusted TIR was 5.5%.
Enstar
Enstar
Enstar Revenue by Segment
Revenue by Segment
Run-off Segment Revenue
CapyFin.comInvestments Segment Revenue
CapyFin.com Forward Guidance
Enstar anticipates continued demand for legacy solutions and aims to meet clients’ needs while driving long-term shareholder value.
Positive Outlook
- Sees continued demand for innovative legacy solutions.
- Confident that strategy and robust business model will ensure they continue to meet clients’ evolving needs.
- Aims to continue as the dominant legacy player.
- Focused on driving long-term shareholder value.
- Strong finish to 2023 off the back of an excellent fourth quarter.
Challenges Ahead
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Revenue & Expenses
Visualization of income flow from segment revenue to net income