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 Q1 2021

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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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HAMILTON, Bermuda, June  01, 2020  (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has completed an adverse development cover reinsurance transaction with Aspen Insurance Holdings Limited.

Enstar Completes ADC Transaction With Aspen

HAMILTON, Bermuda, March  31, 2020  (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned U.S. subsidiaries has entered into a novation agreement with affiliates of Lyft, Inc. (“Lyft”) and certain underwriting companies of Zurich North America (“Zurich”). Enstar will reinsure legacy automobile business underwritten by Zurich between October 1, 2015 and September 30, 2018 and reinsured by Lyft’s wholly owned subsidiary, Pacific Valley Insurance Company ("PVIC") for consideration of $465 million. Under a separate agreement, PVIC will provide retrocession coverage to Enstar in excess of a $816 million limit.

ENSTAR ANNOUNCES REINSURANCE OF $465 MILLION  OF LYFT’S LEGACY RESERVES

HAMILTON, Bermuda, March  02, 2020  (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has entered into an adverse development cover reinsurance agreement with Aspen Insurance Holdings Limited. In the transaction, Enstar’s subsidiary will reinsure losses incurred on or prior to December 31, 2019 on a diversified mix of property, liability and specialty lines across the U.S., U.K and Europe for a premium of $770 million.  Enstar will provide $770 million of cover in excess of a $3.805 billion retention, and an additional $250 million of cover in excess above $4.815 billion. 

Enstar Announces ADC Agreement With Aspen

HAMILTON, Bermuda, Feb.  26, 2020  (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced that Sandra Boss will step down from its Board of Directors in order to pursue a full-time executive role with another company.

Enstar Group Limited Board Member to Resign in April to Pursue Full-time Role

HAMILTON, Bermuda, Feb.  05, 2020  (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced that it will pay cash dividends on its Series D and Series E preference shares.

Enstar Group Limited   Announces Quarterly Preference Share Dividends

HAMILTON, Bermuda, Nov.  05, 2019  (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced that it will pay cash dividends on its Series D and Series E preference shares.

Enstar Group Limited  Announces Quarterly Preference Share Dividends

HAMILTON, Bermuda, Oct.  01, 2019  (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has completed a previously announced transaction to reinsure a number of the U.S. asbestos and environmental liability insurance portfolios of Zurich North America. 

Enstar Completes the Reinsurance of $0.5 Billon of Zurich North America’s Legacy A&E Business

News for Enstar Group Stock (ESGR)