earnings
confidence high
sentiment positive
materiality 0.70
Enstar Q1 net income $119M, book value up 1.7% to $349.41
Enstar Group LTD
2024-Q1 EPS reported
$8.02
revenue$250,000,000
- Net income attributable to ordinary shareholders $119M; ROE 2.4% driven by positive investment results.
- Book value per ordinary share $349.41, up 1.7% from year-end; fully diluted $341.53.
- Subsequent to quarter end, entered $400M loss portfolio transaction with SiriusPoint.
- Subsidiary Cavello Bay Reinsurance assigned 'A' insurer financial strength rating with stable outlook by S&P.