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Dec 31, 2024
Enstar Q4 2024 Earnings Report
Enstar Group Limited reported its financial results for the fourth quarter ended December 31, 2024.
Key Takeaways
Enstar Group Limited reported a net income of $147 million for Q4 2024, with basic net earnings per share of $10.02. The company's total revenues for the quarter were $262 million, driven by strong investment income. Adjusted return on equity stood at 4.5%.
Net income attributable to Enstar was $147 million for Q4 2024.
Basic net earnings per share reached $10.02 in Q4 2024.
Total revenues for the quarter were $262 million, with net investment income contributing $173 million.
Adjusted return on equity for Q4 2024 was 4.5%.
Enstar
Enstar
Enstar Revenue by Segment
Revenue by Segment
Run-off Segment Revenue
CapyFin.comInvestments Segment Revenue
CapyFin.com Forward Guidance
The document does not contain explicit forward-looking guidance for future quarters. However, it mentions the definitive merger agreement to be acquired by Sixth Street for $5.1 billion, which was approved by shareholders in November 2024.
Positive Outlook
- Definitive merger agreement with Sixth Street for $5.1 billion, indicating a clear future direction.
- Shareholders approved the merger agreement in November 2024, providing certainty.
- Cavello Bay Reinsurance Limited, a wholly-owned subsidiary, was assigned a stable outlook by S&P in March 2024.
- Continued market leadership in legacy acquisitions.
- Strong capital position as indicated by credit ratings.
Challenges Ahead
- No specific financial targets or projections for future periods were provided.
- The ongoing merger process may introduce operational uncertainties until completion.
- Reliance on non-GAAP measures for performance assessment, which may differ from GAAP.
- Potential for recurring adjustments in non-GAAP measures, impacting comparability.
- Market and interest rate fluctuations could impact asset values and reserve liabilities.