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

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 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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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 - 7% PRF PERPETUAL USD 25 - Ser E 1/1000 th Int

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

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.

Enstar Group Limited (ESGR) Q4 2022 Earnings Call Transcript

HAMILTON, Bermuda, March 01, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (Nasdaq: ESGR) filed its annual report on Form 10-K with the SEC earlier today. An audio presentation reviewing the fourth quarter and full year 2022 results with expanded commentary is available on Enstar's investor relations website at investor.enstargroup.com.

Enstar Group Limited Reports Fourth Quarter and 2022 Year End Results

HAMILTON, Bermuda, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has signed a Loss Portfolio Transfer (“LPT”) agreement with RACQ Insurance Limited (“RACQ”) to reinsure 80% of RACQ's motor vehicle Compulsory Third Party (“CTP”) insurance liabilities, covering accident years 2021 and prior.

Enstar to Enter Loss Portfolio Transfer With RACQ

HAMILTON, Bermuda, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that its wholly-owned subsidiaries have reached an agreement for a ground-up Loss Portfolio Transfer (“LPT”) with certain subsidiaries of QBE Insurance Group Limited (“QBE”) on a diversified portfolio of business, covering International and North America financial lines, European and North American reinsurance portfolios, and several US discontinued programs.

Enstar to Enter $1.9 Billion Loss Portfolio Transfer With QBE

Enstar Group Limited is a superbly managed company with a BBB Investment Grade rating that has 2 preferred stocks that are relatively quite undervalued. Both Enstar preferred stocks pay a qualified dividend of around a 7.37% and have room to move higher in price.

Enstar Group's 2 Undervalued Preferred Stocks: The Best BB+ Rated Preferreds

White Mountains Insurance Group

HAMILTON, Bermuda , Dec. 21, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") announced today that Ark Insurance Holdings Limited ("Ark"), its specialty property and casualty reinsurance and insurance subsidiary, has sponsored the formation of a reinsurance sidecar to provide collateralized reinsurance capacity for its global property catastrophe portfolio.

White Mountains Leads Investor Group in Ark-Sponsored Reinsurance Sidecar

HAMILTON, Bermuda, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has closed its Loss Portfolio Transfer transaction with specialty insurance underwriter Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo”) to reinsure a number of its direct U.S. casualty insurance portfolios relating to accident years 2011 to 2019.

Enstar Completes Loss Portfolio Transfer With Argo

Enstar Group Limited (NASDAQ:ESGR ) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET Company Participants Matthew Kirk - Group Treasurer and Head of IR Dominic Silvester - CEO Orla Gregory - CFO Conference Call Participants Operator Matthew Kirk Hello everyone, I am Matthew Kirk, Group Treasurer and Head of Investor Relations. Thank you for listening to Enstar's Third Quarter 2022 Earnings Audio Review with CEO Dominic Silvester and CFO Orla Gregory.

Enstar Group Limited (ESGR) Q3 2022 Earnings Call Transcript

HAMILTON, Bermuda, Nov. 03, 2022 (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 third quarter 2022 results with expanded commentary is available on Enstar's investor relations website at investor.enstargroup.com.

Enstar Group Limited Reports Third Quarter Results

Argo Group International Holdings Ltd

HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Executes on Strategic Review Opportunities

Argo Group Executes on Strategic Review Opportunities

HAMILTON, Bermuda, Aug. 19, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) (“Enstar”) has announced updates relating to its joint venture with Allianz SE (“Allianz”), Enhanzed Reinsurance Ltd. (“Enhanzed Re”), and its recent investment portfolio performance.

Enstar Announces Business Updates

HAMILTON, Bermuda, Aug. 09, 2022 (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 2022 results with expanded commentary is available on Enstar's investor relations website at investor.enstargroup.com.

Enstar Group Limited Reports Second Quarter Results

HAMILTON, Bermuda, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has signed an agreement for a Loss Portfolio Transfer (“LPT”) with specialty insurance underwriter Argo Group International Holdings, Ltd. (“Argo”) to reinsure a number of its direct U.S. casualty insurance portfolios, including construction, relating to accident years 2011 to 2019.

Enstar Announces LPT Transaction With Argo

Athene Holding Ltd. Class A

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2 Extremely Mispriced, Undervalued Preferred Stocks In The Insurance Sector

HAMILTON, Bermuda, July 06, 2022 (GLOBE NEWSWIRE) -- Paul O'Shea, President of Enstar Group Limited (“Enstar”) (NASDAQ: ESGR), will retire in March 2023 after 28 years serving the company and its predecessor Castlewood Limited.

Enstar Announces President Paul O'Shea's Planned Retirement in 2023

HAMILTON, Bermuda, May 20, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has closed a previously announced agreement for a ground-up loss portfolio transfer with Aspen Insurance Holdings Limited and its subsidiaries for their 2019 and prior business (the “LPT”). Enstar will assume net loss reserves of $3.12 billion, subject to a limit of $3.57 billion.

Enstar Completes Loss Portfolio Transfer Agreement With Aspen

HAMILTON, Bermuda, May 05, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (Nasdaq: ESGR) filed its quarterly report on Form 10-Q with the SEC earlier today, reporting a net loss of $282 million and return on equity of (5.0)% for the three months ended March 31, 2022.

Enstar Group Limited Reports First Quarter Results

HAMILTON, Bermuda, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (Nasdaq: ESGR) filed its annual report on Form 10-K with the SEC earlier today, reporting its earnings and financial position for the year ended December 31, 2021.

Enstar Group Limited Reports 2021 Year-End Results

HAMILTON, Bermuda, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced that its subsidiary, Enstar Finance LLC, priced $500 million aggregate principal amount of 5.500% Fixed-Rate Reset Junior Subordinated Notes due 2042 (the “Notes”), fully and unconditionally guaranteed, on a junior subordinated basis, by Enstar. The offering is expected to close on January 14, 2022, subject to satisfaction of customary closing conditions.

Enstar Group Limited Announces Pricing of $500 Million of 5.500% Fixed-Rate Reset Junior Subordinated Notes Due 2042

HAMILTON, Bermuda, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has reached an agreement for a ground-up loss portfolio transfer with Aspen Insurance Holdings Limited for its 2019 and prior business (the “LPT”).

Enstar Announces $3.12 Billion LPT Transaction with Aspen

HAMILTON, Bermuda, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has closed a previously announced agreement with Royal & Sun Alliance Insurance Limited (“RSA”), a wholly owned subsidiary of Toronto-based Intact Financial Corporation, to provide adverse development cover (“ADC”) for certain UK, Irish, and other business of RSA and its subsidiaries.

Enstar Completes ADC Agreement With RSA

Ambac Financial Group

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced that its subsidiary, Everspan Insurance Company (“EIC”), has completed the acquisition of Providence Washington Insurance Company (“PWIC”) from a subsidiary of Enstar Group Limited (NASDAQ: ESGR) (“Enstar”), effective October 1, 2021. The acquisition of PWIC will enhance the Everspan Group's (rated A- by AM Best) capabilities to launch new admitted programs, devel

Everspan Insurance Company Acquires Providence Washington Insurance Company

HAMILTON, Bermuda, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has completed the purchase of the entire 27.7% interest in Enhanzed Reinsurance Ltd. (“Enhanzed Re”) previously held by an affiliate of Hillhouse Group. The purchase price of $217.1 million is based on 90% of Enhanzed Re's total shareholders' equity as of June 30, 2021 and is subject to adjustment to reflect the finalization of the Enhanzed Re balance sheet as of that date.

Enstar Completes Acquisition of Controlling Interest in Enhanzed Re

HAMILTON, Bermuda, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced the expiration and final results of its previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding 4.500% Senior Notes due 2022 (the “Notes”).

News for Enstar Group Stock (ESGR)