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Enstar Group Limited (ESGR)
NASDAQ:ESGR
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
$39.71Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -0.93%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a generally positive sentiment, highlighting strong financial metrics, strategic expansions, and robust capital positions, despite some adverse developments and unrealized losses.Company Guidance
During the Q1 2024 earnings call for Enstar (ESGR), the executives provided guidance highlighting several key metrics. The company achieved a return on equity (ROE) of 2.4% and an adjusted ROE of 2.6%, with a notable 1.7% growth in book value and a 1.4% increase in fully diluted book value per share, bringing them to $349.41 and $341.53, respectively. Enstar reported $119 million in net income attributable to ordinary shareholders, driven by $222 million in total investment returns and $160 million in net investment income. The company also recorded $24 million in runoff liability earnings, demonstrating their robust claims management capabilities. Despite a cumulative unrealized loss of $789 million impacting book value by approximately $54 per share, Enstar's capital position remains strong with an estimated group capital solvency ratio of 195% and an $800 million revolving credit facility fully available. These metrics reflect Enstar's strategic focus on delivering value through disciplined legacy solutions and managing macroeconomic challenges effectively.Strong Return on Equity
Enstar achieved a return on equity (ROE) of 2.4% and an adjusted ROE of 2.6% in Q1 2024.
Growth in Book Value
Book value grew by 1.7%, with fully diluted book value per share increasing by 1.4% to $349.41 and $341.53, respectively.
Positive Total Investment Returns
Total investment returns amounted to $222 million, driven by $160 million of net investment income and favorable returns on noncore equity of $104 million.
Strategic Expansion with SiriusPoint
Enstar announced a loss portfolio transfer agreement with SiriusPoint, reinsuring $400 million of workers' compensation business.
Strong Capital Position
Enstar's capital and liquidity position remains strong with a group capital solvency ratio of 195% and a fully unutilized $800 million revolving credit agreement.
S&P Rating Endorsement
Cavello Bay, Enstar's primary reinsurer, received an A rating with a stable outlook from S&P, recognizing Enstar's leadership in the legacy market.
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ESGR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ESGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $324.96 | $324.86 | -0.03% |
| Jul 29, 2024 | $348.31 | $327.17 | -6.07% |
| May 02, 2024 | $299.51 | $298.73 | -0.26% |
| Feb 20, 2024 | $283.25 | $290.56 | +2.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Enstar Group Limited (ESGR) report earnings?
Enstar Group Limited (ESGR) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Enstar Group Limited (ESGR) earnings time?
Enstar Group Limited (ESGR) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ESGR EPS forecast?
Currently, no data Available
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