Enstar Group Limited (ESGR) Financial Statements (2024 and earlier)

Company Profile

Business Address P.O. BOX HM 2267, WINDSOR PLACE, 3RD FL.
HAMILTON, HM JX
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,072,0003,641,0001,747,9471,432,8069,667,1136,938,037
Cash and cash equivalents822,0001,646,000901,152703,085602,096955,150
Short-term investments1,250,0001,995,000846,795729,7219,065,0175,982,887
Total current assets:2,072,0003,641,0001,747,9471,432,8069,667,1136,938,037
Noncurrent Assets
Operating lease, right-of-use asset   32,29746,747
Long-term investments and receivables397,000493,000832,295326,277204,507 
Long-term investments397,000493,000832,295326,277204,507 
Intangible assets, net (including goodwill)  63,00062,959216,468218,725180,589
Goodwill  63,00062,959114,807114,80773,071
Intangible assets, net (excluding goodwill)    101,661103,918107,518
Deferred income tax assets    170,984
Total noncurrent assets:397,000556,000927,551760,476423,232180,589
Other undisclosed assets19,685,00020,232,00018,971,78617,170,0336,465,9256,487,796
TOTAL ASSETS:22,154,00024,429,00021,647,28419,363,31516,556,27013,606,422
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    11,403  
Total current liabilities:    11,403  
Noncurrent Liabilities
Long-term debt and lease obligation:   27,06434,785  
Liabilities, other than long-term debt    16,074  
Deferred income tax liabilities    16,074
Operating lease, liability   27,06434,785
Total noncurrent liabilities:   54,12850,859  
Other undisclosed liabilities17,189,00017,924,00014,539,71614,005,91112,183,7389,980,868
Total liabilities:17,189,00017,924,00014,593,84414,068,17312,183,7389,980,868
Temporary equity, carrying amount168,000179,000365,436438,791458,543479,606
Equity
Equity, attributable to parent, including:4,701,0006,096,0006,674,3954,842,1833,901,9333,136,684
Treasury stock, value(1,000)(1,000)(422,125)(421,559)(421,559)(421,559)
Additional paid in capital766,000922,0001,836,0741,836,7781,804,6641,395,067
Accumulated other comprehensive income (loss)(575,000)(16,000)80,6597,17110,44010,468
Retained earnings4,406,0005,085,0004,647,3122,887,8921,976,5392,132,912
Other undisclosed equity, attributable to parent105,000106,000532,475531,901531,84919,796
Equity, attributable to noncontrolling interest96,000230,00013,60914,16812,0569,264
Total equity:4,797,0006,326,0006,688,0044,856,3513,913,9893,145,948
TOTAL LIABILITIES AND EQUITY:22,154,00024,429,00021,647,28419,363,31516,556,27013,606,422

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues(1,058,000)789,0002,660,5062,573,111823,5351,106,856
Loss on disposition of assets for financial service operations  (132,000)   
Premiums earned, net66,000245,000   
Net investment income455,000312,000302,817321,276270,671208,789
Other income35,00042,000101,13237,17035,08528,509
Cost of revenue(48,000)(54,000)(45,606)(91)(1,003)(5,723)
Liability for future policy benefits, period expense (income) (25,000)3,000 (91)(1,003) 
Present value of future insurance profits, amortization expense      (5,723)
Deferred policy acquisition costs, amortization expense(23,000)(57,000)(45,606)   
Gross profit:(1,106,000)735,0002,614,9002,573,020822,5321,101,133
Operating expenses(331,000)(367,000)(295,921)   
Operating income (loss):(1,437,000)368,0002,318,9792,573,020822,5321,101,133
Nonoperating income (expense)15,00012,000(221,951)7,879(2,668)(33,886)
Investment income, nonoperating      (16,349)
Gain (loss), foreign currency transaction, before tax15,00012,000(16,393)7,879(2,668)(17,537)
Other nonoperating expense   (205,558)   
Interest and debt expense(89,000)(69,000)(59,308)(52,541)(26,217)(28,102)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes628,000111,000(541,340)(1,651,612)(1,054,190) 
Income (loss) from continuing operations before equity method investments, income taxes:(883,000)422,0001,496,380876,746(260,543)1,039,145
Income (loss) from equity method investments(74,000)93,000238,56955,91042,147 
Other undisclosed loss from continuing operations before income taxes      (724,734)
Income (loss) from continuing operations before income taxes:(957,000)515,0001,734,949932,656(218,396)314,411
Income tax expense (benefit)12,000(27,000)(23,827)(4,437)6,1246,395
Income (loss) from continuing operations:(945,000)488,0001,711,122928,219(212,272)320,806
Income (loss) before gain (loss) on sale of properties:488,0001,727,373928,219(212,272)331,799
Income from discontinued operations   16,251  10,993
Net income (loss):(945,000)488,0001,727,373928,219(212,272)331,799
Net income (loss) attributable to noncontrolling interest75,000(15,000)27,6719,87062,051(20,341)
Net income (loss) attributable to parent:(870,000)473,0001,755,044938,089(150,221)311,458
Preferred stock dividends and other adjustments(36,000)(36,000)(35,700)(35,914)(12,133) 
Net income (loss) available to common stockholders, diluted:(906,000)437,0001,719,344902,175(162,354)311,458

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(945,000)488,0001,727,373928,219(212,272)331,799
Other comprehensive income (loss)(574,000)(98,000)73,609(3,384)(267)35,960
Comprehensive income (loss):(1,519,000)390,0001,800,982924,835(212,539)367,759
Comprehensive income (loss), net of tax, attributable to noncontrolling interest90,000(15,000)27,5509,98562,291(22,285)
Comprehensive income (loss), net of tax, attributable to parent:(1,429,000)375,0001,828,532934,820(150,248)345,474

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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