Previous Close | 222.00 |
Open | 226.00 |
Bid | 0.00 x N/A |
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Day's Range | 226.00 - 226.00 |
52 Week Range | 175.00 - 248.00 |
Volume | |
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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. Under the reinsurance agreement, which is effective as of July 1, 2022, RACQ will cede net reserves of approximately AUD$
HAMILTON, Bermuda, May 05, 2023 (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. Dividends on Enstar’s Series D 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share (each of which represents a 1/1,000th interest in a Series D Preference Share) will be payable on June 1, 2023 to shareholders of record on May 15, 2023. Dividends on En
Thank you for listening to Enstar's First Quarter 2023 Earnings Audio Review with CEO Dominic Silvester and CFO Matt Kirk. Before we begin, I'd like to remind everyone that this presentation contains forward-looking statements and non-GAAP financial measures.
Net Earnings of $424 million and Return on Equity of 9.5%, primarily driven by strong investment resultsBook Value per Ordinary Share grew 7.8% to $282.74 (Adjusted* $277.38) as of March 31, 2023Returned $341 million to shareholders through share repurchasesCompleted novation of Enhanzed Re reinsurance policies, recording $194 million gainSubsequent to quarter end, completed $1.9 billion Loss Portfolio Transfer with QBE HAMILTON, Bermuda, May 04, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (Na
Insiders were net buyers of Enstar Group Limited's ( NASDAQ:ESGR ) stock during the past year. That is, insiders bought...
HAMILTON, Bermuda, April 07, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that its wholly-owned subsidiaries have closed a Loss Portfolio Transfer transaction 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’s subsidiaries assumed net loss reserves from QBE
Purchase price of $341 million represents a discount to book and market valueCPP Investments remains one of Enstar’s largest shareholders and retains its director seatSimplifies Enstar’s share capital structure by eliminating all outstanding non-voting ordinary shares 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 Inves
Orla Gregory Appointed as PresidentDavid Ni Continues as Chief Strategy OfficerPaul Brockman Named Chief Operating OfficerMatthew Kirk Named Chief Financial Officer 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
Thank you for listening to Enstar's Fourth Quarter and Full Year 2022 Earnings Audio Review with CEO Dominic Silvester and CFO Orla Gregory. Before we begin, I'd like to remind everyone that this presentation contains forward-looking statements and non-GAAP financial measures. Forward-looking statements in this presentation include but are not limited to statements about Enstar's expectations for pending and future transactions, run-off liability earnings, the performance of its investment portfolio and the impact of rising interest rates on Enstar's business.
Fourth quarter Net Earnings of $227 million and Return on Equity of 5.9%, driven by solid investment income and favorable reserve development of $280 million. Adjusted Return on Equity*, which excludes unrealized gains and losses, of 4.2%.Book Value per Ordinary Share increased 8.4% to $246.20 ($243.09 Adjusted*) as of December 31, 2022.Closed Loss Portfolio Transfer (“LPT”) with Argo and assumed net loss reserves of $718 million.Substantially completed unwind of Enhanzed Re’s reinsurance transa
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. Under the reinsurance, which is effective as of July 1, 2022, RACQ will cede net reserves of approximately AUD$360 million, and
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. In the LPT transaction, which wil
Diamond Hill Capital, an investment management company, released its “Small Cap Strategy” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund returned 6.98% net of fees, outperforming the benchmark Russell 2000 Index, which returned 6.23%. Strength in health care, consumer discretionary, and materials holdings contributed to […]
Diamond Hill Capital, an investment management company, released its “Small Cap Strategy” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund returned 6.98% net of fees, outperforming the benchmark Russell 2000 Index, which returned 6.23%. Strength in health care, consumer discretionary, and materials holdings contributed to […]
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.
Those following along with Enstar Group Limited ( NASDAQ:ESGR ) will no doubt be intrigued by the recent purchase of...
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’s subsidiary covers ground up reserves of $746 million and an additional $275 million
Enstar Group ( NASDAQ:ESGR ) Third Quarter 2022 Results Key Financial Results Net loss: US$444.0m (loss widened by 126...
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.
Net Loss of $444 million and Return on Equity of (10.6)%, driven by unrealized losses on fixed income securities in rising interest rate environment Book Value per Ordinary Share of $208.60 ($206.25 Adjusted*), as of September 30, 2022Entered into a reinsurance agreement with Argo for ground up reserves of $746 million and completed agreement with Probitas Managing Agency Limited to cover 2018 and prior year of account exposures of Syndicate 1492Completed commutation of Enhanzed Re’s catastrophe
Diamond Hill Capital, an investment management company, released its “Small Cap Strategy” third-quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy returned -1.50% net of fees compared to a -2.19% return for the Russell 2000 Index. Investment in consumer staples, technology, and financial sectors contributed positively […]
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 Enters into Master Agreement Regarding Enhanzed Re On August 18, 2022, Cavello Bay Reinsurance Limited (“Cavello Bay”), a wholly-owned subsidiary of Enstar, entered into a Master Agreement with Allianz and Enhanzed Re. P
Net Loss of $493 million and $775 million and Return on Equity of (9.8)% and (13.9)% for the three and six months ended June 30, 2022, driven by unrealized losses on fixed income securities in the rising interest rate environmentBook Value per Ordinary Share and Adjusted Book Value per Ordinary Share* of $245.93 and $241.05, respectively, as of June 30, 2022Returned $163 million to shareholders through share repurchases at a weighted average discount to book value of 20.3% during the six months
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’s subsidiary will provide ground up cover of $746 million, and
Looking at Enstar Group Limited's ( NASDAQ:ESGR ) insider transactions over the last year, we can see that insiders...