Enstar Group Ltd (OQ:ESGR)
Business Focus: Reinsurance
| Sector: Financials | Industry: Reinsurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2267 A.S. Cooper Building, 26 Reid Street P.O. Box Hm HAMILTON HM 11 |
| Tel: | N/A |
| Website: | https://www.enstargroup.com |
| IR: | See website |
| Key People | ||
| Orla M. Gregory President, Director | Dominic Francis Michael Silvester Chief Executive Officer, Director | Matthew Kirk Chief Financial Officer |
| Paul M.J. Brockman Chief Operating Officer | Girish Ramanathan Chief Accounting Officer | Audrey Taranto General Counsel | Nazar Alobaidat Chief Investment Officer |
| Business Overview |
| Enstar Group Limited is a global (re)insurance group that offers capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, and Australia. Its segments include Run-off, Assumed Life, Investments, and Legacy Underwriting. The Run-off segment consists of its acquired property and casualty and other (re)insurance business. Assumed Life segment consists of life and catastrophe business that it assumed via the acquisition of the controlling interest in Enhanzed Reinsurance, Ltd. (Enhanzed Re). Investments segment consists of its investment activities and the performance of its investment portfolio, excluding those investable assets attributable to its underwriting segment. Its services to the re/insurance industry range from full-service, incentive-based run-off management to client-specific solutions, such as claims inspection and validation, reinsurance asset collection, syndicate management, and IT consulting. |
| Financial Overview |
| For the three months ended 31 March 2024, Enstar Group Ltd revenues decreased 60% to $165M. Net income applicable to common stockholders decreased 72% to $119M. Revenues reflect Investments segment decrease of 31% to $239M. Net income also reflects Equity Earnings Net of Income Tax decrease from $11M (earnings) to $5M (losses), Amortization of net deferred charge asse increase of 76% to $30M (expense). |
| Employees: | 805 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,035M as of Mar 31, 2024 |
| Annual revenue (TTM): | $658.00M as of Mar 31, 2024 |
| EBITDA (TTM): | $409.00M as of Mar 31, 2024 |
| Net annual income (TTM): | $777.00M as of Mar 31, 2024 |
| Free cash flow (TTM): | $249.00M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $1,382M as of Mar 31, 2024 |
| Shares outstanding: | 15,229,358 as of May 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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