| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
INCOME | ||||||||||
Premiums Earned, Net | ||||||||||
1,154,861 | 895,575 | 613,121 | 823,514 | 753,744 | 542,991 | 239,807 | 3,511 | 3,543 | - | - |
Fees and commission income | ||||||||||
28,453 | 35,088 | 66,103 | 39,364 | 39,347 | 34,919 | 12,817 | 8,570 | 17,858 | 23,015 | 16,104 |
Net investment income | ||||||||||
321,276 | 270,671 | 208,789 | 185,463 | 122,564 | 66,024 | 89,920 | 77,760 | 68,676 | 81,261 | 81,371 |
Net realized and unrealized gains (losses) | ||||||||||
1,031,351 | -412,884 | 190,334 | 77,818 | -41,523 | 51,991 | 70,651 | 73,612 | 9,214 | 31,782 | 4,237 |
Other income | ||||||||||
37,170 | 35,085 | 22,605 | 10,236 | 30,328 | 14,149 | 3,375 | - | - | - | - |
Gain on bargain purchase | ||||||||||
- | - | - | - | - | - | - | - | 13,105 | 0 | - |
Total income | ||||||||||
2,573,111 | 823,535 | 1,100,952 | 1,136,395 | 904,460 | 710,074 | 416,570 | 163,453 | 112,396 | 136,058 | 101,712 |
EXPENSES | ||||||||||
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | ||||||||||
872,575 | 454,025 | 193,551 | 174,099 | 104,333 | 9,146 | -163,672 | -237,953 | -293,461 | -311,834 | -259,627 |
Life and annuity policy benefits | ||||||||||
91 | 1,003 | 4,015 | -2,038 | -546 | 84 | 78,354 | -300 | 1,557 | - | - |
Reduction in estimates of net ultimate losses | ||||||||||
- | - | - | - | - | - | - | - | -248,230 | -278,065 | 274,825 |
Increase (reduction) in provisions for bad debt | ||||||||||
- | - | - | - | - | - | - | - | -42,822 | -49,556 | 11,718 |
Reduction in provisions for unallocated loss adjustment expense liabilities | ||||||||||
- | - | - | - | - | - | - | - | -45,102 | -39,651 | 50,412 |
Amortization of fair value adjustments | ||||||||||
- | - | - | - | - | - | - | - | 42,693 | -55,438 | 77,328 |
Acquisition costs | ||||||||||
305,951 | 192,790 | 96,906 | 186,569 | 163,716 | 117,542 | 23,199 | - | 0 | - | - |
Salaries and benefits | ||||||||||
- | - | - | - | - | - | 124,616 | 100,473 | 89,846 | 86,677 | 68,454 |
General and administrative expenses | ||||||||||
473,086 | 407,375 | 435,985 | 423,734 | 389,159 | 337,120 | 86,612 | 56,592 | 71,810 | 59,201 | 46,902 |
Interest Expense | ||||||||||
52,541 | 26,217 | 28,102 | 20,642 | 19,403 | 12,922 | 12,389 | 8,426 | 8,529 | 10,253 | 17,583 |
Net foreign exchange gains | ||||||||||
7,879 | -2,668 | -17,537 | -665 | -3,373 | -5,962 | 4,369 | -406 | -373 | 398 | -23,787 |
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | ||||||||||
0 | 0 | -16,349 | 0 | 0 | - | - | - | - | - | - |
Total expenses | ||||||||||
1,696,365 | 1,084,078 | 792,445 | 803,671 | 679,438 | 482,776 | 157,129 | -72,356 | -121,346 | -156,101 | -102,901 |
EARNINGS (LOSS) BEFORE INCOME TAXES | ||||||||||
876,746 | -260,543 | 308,507 | 332,724 | 225,022 | 227,298 | 259,441 | 235,809 | 233,742 | 292,159 | 204,613 |
Income tax benefit (expense) | ||||||||||
4,437 | -6,124 | -6,395 | 34,874 | 12,650 | 5,601 | 35,619 | 44,290 | 25,284 | 87,132 | 27,605 |
Income (Loss) from Equity Method Investments | ||||||||||
55,910 | 42,147 | 5,904 | -5,400 | - | - | - | - | - | 10,704 | - |
NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS | ||||||||||
928,219 | -212,272 | 320,806 | 292,450 | 212,372 | 221,697 | - | - | - | - | - |
Net earnings from discontinued operations, net of income taxes | ||||||||||
0 | 0 | 10,993 | 11,963 | -2,031 | 5,539 | - | - | - | - | - |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||
928,219 | -212,272 | 331,799 | 304,413 | 210,341 | 227,236 | 223,822 | 191,519 | 208,458 | 215,731 | 177,008 |
Net loss attributable to noncontrolling interest | ||||||||||
-9,870 | -62,051 | 20,341 | 39,606 | -9,950 | 13,487 | 15,218 | 23,502 | 54,765 | 41,645 | 41,798 |
Dividends on preferred shares | ||||||||||
35,914 | 12,133 | 0 | 0 | - | - | - | - | - | - | - |
Net Income (Loss) Available to Common Stockholders, Basic | ||||||||||
902,175 | -162,354 | 311,458 | 264,807 | 220,291 | 213,749 | 208,604 | 168,017 | 153,693 | 174,086 | 135,210 |
Earnings Per Share [Abstract] | ||||||||||
Earnings (Loss) per ordinary share attributable to Enstar: | ||||||||||
Net earnings (loss) from continuing operations (dollars per share) | ||||||||||
42.00 | -7.84 | 15.50 | 13.10 | 11.55 | 11.31 | - | - | - | - | - |
Net earnings (loss) from discontinued operations, net of income taxes (dollars per share) | ||||||||||
0.00 | 0.00 | 0.56 | 0.62 | -0.11 | 0.30 | - | - | - | - | - |
Basic (in dollars per share) | ||||||||||
42.00 | -7.84 | 16.06 | 13.72 | 11.44 | 11.61 | 12.62 | 10.22 | 11.03 | 12.91 | 10.01 |
Diluted: | ||||||||||
Net earnings (loss) from continuing operations (dollars per share) | ||||||||||
41.43 | -7.84 | 15.39 | 13.00 | 11.46 | 11.15 | - | - | - | - | - |
Net earnings from discontinued operations, net of income taxes (dollars per share) | ||||||||||
0.00 | 0.00 | 0.56 | 0.62 | -0.11 | 0.29 | - | - | - | - | - |
Diluted (in dollars per share) | ||||||||||
41.43 | -7.84 | 15.95 | 13.62 | 11.35 | 11.44 | 12.49 | 10.10 | 10.81 | 12.66 | 9.84 |
Weighted average ordinary shares outstanding: | ||||||||||
Basic (in shares) | ||||||||||
21,482 | 20,698 | 19,388 | 19,299 | 19,252 | 18,409 | 16,523 | 16,441 | 13,930 | 13,489 | 13,514 |
Diluted (in shares) | ||||||||||
21,775 | 20,904 | 19,527 | 19,447 | 19,407 | 18,678 | 16,703 | 16,638 | 14,212 | 13,751 | 13,744 |