Enstar Group

Enstar Group Ltd. is a holding company, which engages in the acquisition and management of insurance and reinsurance companies. It operates through the following segments: Run-off, Enhanced RE, Investments, and Legacy Underwriting. The Run-off segment is consisted of acquired property and other insurance business. The Enhanced Re is comprised of life and catastrophe business via acquisition of the controlling interest in Enhanzed Reinsurance Ltd.. The Investments segment encompasses investment activities and the performance of the investment portfolio of the company. The Legacy Underwriting segment is made up of businesses that the company has exited via the sale of the majority interest. The company was founded by Paul James O'Shea, Nicholas Andrew Packer, and Dominic Francis Michael Silvester in August 2001 and is headquartered in Hamilton, Bermuda.

Earnings data Q4 2020

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Earnings data Q3 2024

Enstar Group reports strong Q4 results and strategic acquisitions

Enstar Group delivered strong Q4 results and highlighted their claims management function and strategic acquisitions.
Despite challenges like net losses and reserve strengthening, Enstar remains confident in their market position and growth prospects.
The company's focus on transparency, data-driven decisions, and disciplined risk selection sets the stage for future success in the legacy market.

Enstar Group reports robust Q1 earnings and strategic growth initiatives

Enstar Group's Q1 2023 earnings call highlighted a remarkable financial turnaround, strong investment performance, and strategic transactions. The company's focus on long-term value creation, solid capital position, and proactive management approach position it well for future growth. Despite macro challenges, Enstar remains resilient and committed to delivering shareholder value.

Enstar Group excels in Q2 2023, secures credit rating upgrade

Enstar Group demonstrated robust financial performance in Q2 2023, marked by strong net investment income and positive investment results.
Despite facing challenges such as losses on the fixed income portfolio, the company's proactive risk management and strategic transactions highlight its resilience.
With an upgraded credit rating, Enstar is well-positioned to capitalize on growth opportunities and drive further value for shareholders.

Enstar Group reports solid Q3 earnings and strategic growth moves

Enstar Group's Q3 performance reflects solid net earnings and a focus on enhancing shareholder value through strategic initiatives.
Despite challenges from new accounting standards and low return on equity, the company's strong capital position and commitment to disciplined strategies bode well for the future.
Opportunities lie in strategic partnerships, capital release solutions, and proactive adaptation to regulatory changes for sustained growth and profitability.

Enstar Group reports robust earnings, eyes growth amid market challenges

Enstar Group's Q4 2023 earnings call highlighted strong financial performance, balance sheet strength, and successful transactions with key partners.
The company's focus on sustainable growth, robust risk management, and capital position positions it well for future opportunities.
While challenges like unrealized losses exist, Enstar's strategic initiatives and market confidence bode well for continued success.

Enstar Group reports solid Q1 earnings, eyes growth opportunities

Enstar Group's Q1 2024 performance reflects steady financial growth, with a focus on enhancing shareholder value through strategic investments and risk management.
Despite challenges in certain liability lines, the company's strong capital reserves and industry recognition position it well for future opportunities and sustained profitability.
Enstar's commitment to financial stability, operational excellence, and growth presents avenues for further expansion and value creation in the competitive reinsurance market.
By leveraging its strengths in underwriting expertise and investment management, Enstar can navigate challenges, capitalize on opportunities, and drive sustainable growth in the long term.

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Enstar shareholders to receive $338.00 per share in cash Strong alignment between Enstar and Sixth Street to ensure continuity of Enstar strategy HAMILTON, Bermuda, July 29, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced that it has entered into a definitive merger agreement under which Sixth Street will acquire Enstar, with Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors participating in the transaction.

Enstar to be Acquired by Sixth Street for $5.1 Billion

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HAMILTON, Bermuda, June 28, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) today announces that one of its wholly owned subsidiaries has completed a transaction to reinsure legacy business written by Accredited Surety and Casualty Company, Inc. and Accredited Insurance (Europe) Limited (together, “Accredited”). Enstar has provided reinsurance in connection with the acquisition of Accredited by Onex Partners.

Enstar Completes Reinsurance Transaction with Accredited

HAMILTON, Bermuda, June 27, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) has announced today that one of its wholly owned subsidiaries has signed an adverse development cover agreement with Insurance Australia Limited, on behalf of Insurance Australia Group (“IAG”).

Enstar Agrees Adverse Development Cover Transaction with Insurance Australia Limited (“IAG”)

Enstar Group Limited - 7% PRF PERPETUAL USD 25 - Ser E 1/1000 th Int

Enstar Group Limited - FXDFR PRF PERPETUAL USD 25 - Ser D 1/1000th int

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* Non-GAAP measure; refer to "Non-GAAP Financial Measures" further below for explanatory notes and a reconciliation to the most directly comparable GAAP measure.

Enstar Group Limited Reports First Quarter 2024 Results

HAMILTON, Bermuda, April 30, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) has announced today that one of its wholly-owned subsidiaries has reached an agreement for a loss portfolio transfer with a subsidiary of SiriusPoint Ltd. (“SiriusPoint”) to reinsure a $400 million portfolio of Workers' Compensation business covering underwriting years 2018 to 2023.

Enstar Agrees $400 Million Loss Portfolio Transfer With SiriusPoint

HAMILTON, Bermuda, March 25, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that the ratings agency S&P Global Ratings (“S&P”) has assigned an Insurer Financial Strength Rating of ‘A' with stable outlook to its Bermuda-based, wholly owned subsidiary, Cavello Bay Reinsurance Limited (“Cavello Bay”).

Enstar Subsidiary Assigned ‘A' Financial Strength Rating by S&P Global

Enstar Group Limited (ESGR) Q4 2023 Earnings Call Transcript

HAMILTON, Bermuda, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (Nasdaq: ESGR) today announced financial results for the fourth quarter and full year 2023.

Enstar Group Limited Reports Fourth Quarter and 2023 Year-End Results

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Enstar Group Limited (NASDAQ:ESGR ) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants Peter Kalaev - Group Treasurer Dominic Silvester - Chief Executive Officer Matthew Kirk - Chief Financial Officer Peter Kalaev Hello everyone, I'm Peter Kalaev, Group Treasurer. Thank you for listening to Enstar's Third Quarter 2023 Earnings Audio Review with CEO Dominic Silvester and CFO Matt Kirk.

Enstar Group Limited (ESGR) Q3 2023 Earnings Call Transcript

HAMILTON, Bermuda, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (Nasdaq: ESGR) filed its quarterly report on Form 10-Q with the SEC earlier today. The third quarter 2023 results with expanded commentary is available on Enstar's investor relations website at investor.enstargroup.com.

Enstar Group Limited Reports Third Quarter 2023 Results

HAMILTON, Bermuda, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has closed the previously announced transaction with American International Group, Inc. (“AIG”) to provide protection to AIG on its retained exposure to adverse development on Validus Re's loss reserves.

Enstar Closes Previously Announced Transaction With AIG

HAMILTON, Bermuda, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has signed an agreement with American International Group, Inc. (“AIG”) to provide AIG with protection against adverse development on the portion of Validus Re's loss reserves that AIG retains exposure to following the closing of AIG's sale of Validus Re to RenaissanceRe.

Enstar Announces Adverse Development Cover Agreement with AIG

Enstar Group Limited (ESGR) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Corporate Participants Peter Kalaev - Group Treasurer Dominic Silvester - CEO Matthew Kirk - CFO Peter Kalaev Hello everyone, I'm Peter Kalaev, Group Treasurer. Thank you for listening to Enstar's Second Quarter 2023 Earnings Audio Review with CEO Dominic Silvester and CFO Matt Kirk.

Enstar Group Limited (ESGR) Q2 2023 Earnings Call Transcript

HAMILTON, Bermuda, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (Nasdaq: ESGR) filed its quarterly report on Form 10-Q with the SEC earlier today. An audio presentation reviewing the second quarter 2023 results with expanded commentary is available on Enstar's investor relations website at investor.enstargroup.com.

Enstar Group Limited Reports Second Quarter 2023 Results

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HAMILTON, Bermuda, June 02, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has closed a previously announced Loss Portfolio Transfer agreement with RACQ Insurance Limited (“RACQ”) to reinsure 80% of RACQ's motor vehicle compulsory third party insurance liabilities, covering accident years 2021 and prior.

Enstar Completes Loss Portfolio Transfer With RACQ

Enstar Group Limited (ESGR) Q1 2023 Earnings Conference Call May 4, 2023 7:00 AM ET Corporate Participants Peter Kalaev - Group Treasurer Matthew Kirk - CFO Dominic Silvester - CEO Conference Call Participants Peter Kalaev Hello everyone, I'm Peter Kalaev, Group Treasurer. Thank you for listening to Enstar's First Quarter 2023 Earnings Audio Review with CEO Dominic Silvester and CFO Matt Kirk.

Enstar Group Limited (ESGR) Q1 2023 Earnings Call Transcript

HAMILTON, Bermuda, May 04, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (Nasdaq: ESGR) filed its quarterly report on Form 10-Q with the SEC earlier today. An audio presentation reviewing the first quarter 2023 results with expanded commentary is available on Enstar's investor relations website at investor.enstargroup.com.

Enstar Group Limited Reports First Quarter 2023 Results

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HAMILTON, Bermuda, March 23, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that it has agreed to repurchase 1,597,712 non-voting convertible ordinary shares of Enstar held by Canada Pension Plan Investment Board (“CPP Investments”) for a price of $213.13 per share, totaling $341 million in aggregate, representing a 5% discount to the trailing 10-day volume weighted average price of Enstar's voting ordinary shares as of the close of business on March 22, 2023 and a 13% discount to Enstar's book value per ordinary share as of the end of 2022. The shares comprise all of Enstar's outstanding non-voting ordinary shares. The transaction is scheduled to close on March 28, 2023.

Enstar Announces Repurchase of CPP Investments Non-Voting Shares in Accretive Transaction

HAMILTON, Bermuda, March 03, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today several executive promotions following the retirement of President Paul O'Shea on March 1, 2023. Mr. O'Shea served the Company for 28 years. Enstar had announced his planned retirement in July 2022 and has since provided a smooth transition of leadership of the Company's M&A activities to Chief Strategy Officer, David Ni. Mr. O'Shea remains on the Board of Directors as a non-employee director.

Enstar Announces Executive Promotions Following O'Shea Retirement

Enstar Group Limited (ESGR) Q4 2022 Earnings Conference Call March 1, 2023 7:00 AM ET Corporate Participants Matthew Kirk - Group Treasurer and Head of IR Dominic Silvester – CEO Orla Gregory - CFO Conference Call Participants Matthew Kirk Hello everyone, I'm Matthew Kirk, Group Treasurer and Head of Investor Relations. Thank you for listening to Enstar's Fourth Quarter and Full Year 2022 Earnings Audio Review with CEO Dominic Silvester and CFO Orla Gregory.

News for Enstar Group Stock (ESGR)