Enstar group ltd (ESGRP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
INCOME
Premiums Earned, Net

259,897

272,686

270,325

276,563

335,287

231,947

264,597

228,812

170,219

160,627

148,025

155,571

148,898

216,188

205,730

208,709

192,887

178,009

209,971

189,344

176,420

171,889

195,987

216,916

61,658

73,876

58,674

75,596

31,661

-

-

-

-

-

-

-

-

-

-

-

-

Fees and commission income

7,528

9,007

6,587

6,178

6,681

11,455

6,950

8,352

8,331

19,627

15,895

18,667

11,914

13,266

9,187

10,487

6,424

7,450

9,708

10,125

12,064

11,771

6,801

7,509

6,998

5,012

2,398

2,960

2,447

2,657

1,944

1,775

2,194

10,154

1,623

2,045

4,036

3,268

2,119

3,500

14,128

Net investment income

77,840

79,376

85,472

77,732

78,696

68,453

69,430

66,469

66,319

58,605

52,028

49,417

48,739

42,229

48,022

44,932

50,280

44,265

31,640

25,265

21,394

24,889

25,706

26,485

24,326

23,071

25,009

27,252

17,963

16,765

19,658

20,894

20,443

15,571

18,498

19,059

15,548

23,175

18,377

21,385

18,324

Net realized and unrealized gains (losses)

-634,476

152,664

148,185

269,711

460,791

-158,213

-57,223

-54,418

-143,030

50,637

29,301

51,877

58,519

-61,570

66,608

34,503

38,277

-56,705

-15,835

-8,296

39,313

7,971

-18,336

38,411

34,573

31,440

37,010

-27,919

30,120

18,259

28,280

1,691

25,382

2,231

-8,512

9,133

6,362

11,974

12,423

-2,614

9,999

Other income

20,444

19,502

826

11,030

5,812

34,267

8,226

-9,351

1,943

13,763

1,734

-5,090

12,198

-1,277

414

3,289

2,410

12,648

2,370

11,833

3,477

6,499

2,278

7,164

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on bargain purchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

13,105

-

-

-

-

Total income

-268,767

533,235

511,395

641,214

887,267

187,909

291,980

239,864

103,782

303,259

246,983

270,442

280,268

208,836

329,961

301,920

290,278

185,667

237,854

228,271

252,668

223,019

212,436

296,485

127,577

133,399

123,091

77,889

82,191

38,500

50,704

25,256

48,993

29,036

12,801

31,508

39,051

38,417

32,919

22,271

42,451

EXPENSES
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims

107,894

121,416

222,417

216,338

312,404

187,698

153,974

92,819

19,534

30,327

75,712

9,620

77,892

1,321

-6,902

96,462

83,218

-64,062

32,359

65,900

70,136

-56,085

17,533

59,749

-12,051

-125,056

-20,388

-27,422

9,161

-96,223

-62,547

-68,365

-10,818

-203,562

-51,262

-34,565

-4,072

-233,757

-26,115

-42,366

-9,596

Life and annuity policy benefits

0

-2,199

0

2,194

96

786

423

-160

-46

-

-

-

-

-2,265

1,682

-1,613

158

-1,808

401

407

454

4,309

26,549

50,379

26,809

20,970

31,095

25,562

741

-2,992

822

896

974

-2,304

2,340

1,521

-

-

-

-

-

Reduction in estimates of net ultimate losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-97,895

-58,506

-58,417

-3,298

-173,924

-43,615

-28,079

-2,612

-220,129

-20,890

-35,104

-1,942

Increase (reduction) in provisions for bad debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-329

0

-527

-2,255

-38,751

-2,399

-1,672

-

-35,145

-1,304

-7,768

-5,339

Reduction in provisions for unallocated loss adjustment expense liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,206

-12,579

-11,661

-12,852

-7,669

-14,113

-11,783

-11,537

-8,819

-10,171

-11,696

-8,965

Amortization of fair value adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,207

8,538

2,240

7,587

16,782

8,865

6,969

10,077

30,336

6,250

12,202

6,650

Acquisition costs

66,586

95,026

50,282

66,855

93,788

55,106

54,242

53,334

30,108

21,449

24,281

30,355

20,821

47,619

50,074

43,847

45,029

53,666

44,445

33,781

31,824

55,419

36,261

27,732

13,161

5,050

6,149

9,632

2,387

-

-

-

-

-

-

-

-

-

-

-

-

Salaries and benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69,624

54,525

55,683

31,390

45,603

29,716

25,687

23,610

30,505

25,138

24,379

20,451

41,818

20,923

16,723

10,382

39,221

18,012

14,254

15,190

General and administrative expenses

113,511

129,569

113,924

117,519

112,074

106,950

102,553

102,612

95,260

126,702

100,325

106,490

102,468

123,497

103,097

104,206

92,934

106,754

96,818

90,837

94,750

40,804

41,039

37,177

22,250

19,538

29,126

20,002

17,946

13,169

14,409

14,156

14,858

5,090

20,759

28,211

17,750

19,728

13,185

15,801

10,487

Interest Expense

13,415

13,519

14,950

13,036

11,036

4,644

4,640

8,922

8,011

7,251

6,410

7,573

6,868

4,796

5,027

5,421

5,398

5,368

5,156

4,876

4,003

2,352

3,307

3,529

3,734

3,593

3,270

3,091

2,435

2,540

1,713

2,062

2,111

2,431

2,435

1,697

1,966

2,093

2,961

2,805

2,394

Net foreign exchange gains

11,930

-12,189

13,631

2,587

3,850

-1,279

-1,040

5,519

-5,868

-1,925

-4,775

-7,122

-3,715

1,527

-2,276

1,856

-1,772

-7,004

841

-2,297

5,087

1,476

-6,365

525

-1,596

375

673

8,403

-5,082

2,212

-977

627

-2,268

15

8,878

-1,932

-7,334

1,785

586

5,615

-7,588

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

-

-

-

-

-

0

-

-

-

0

-6,740

-9,609

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

289,476

369,520

387,942

413,355

525,548

356,463

316,872

252,008

158,735

186,621

219,303

175,058

211,463

173,441

155,254

246,467

228,509

106,922

178,338

198,098

196,080

114,947

185,579

233,724

86,889

-30,677

78,295

48,149

61,362

-55,213

-19,488

-27,499

29,844

-156,542

-13,683

15,519

33,360

-174,500

7,457

-15,121

26,063

EARNINGS (LOSS) BEFORE INCOME TAXES

-558,243

163,715

123,453

227,859

361,719

-168,554

-24,892

-12,144

-54,953

116,638

27,680

95,384

68,805

35,395

174,707

55,453

61,769

78,745

59,516

30,173

56,588

108,072

26,857

62,761

40,688

164,076

44,796

29,740

20,829

93,713

70,192

52,755

19,149

185,578

26,484

15,989

5,691

212,917

25,462

37,392

16,388

Income tax benefit (expense)

-5,175

-22,427

14,597

7,518

4,749

-10,688

746

3,646

172

-9,629

1,432

4,731

-2,929

11,228

8,227

8,050

7,369

-15,794

12,684

8,087

7,673

-10,246

5,660

8,452

7,276

21,893

1,340

4,542

7,844

13,943

14,700

11,905

3,742

19,256

4,436

975

617

64,116

979

16,115

5,922

Income (Loss) from Equity Method Investments

12,450

11,722

17,703

17,713

8,772

8,488

3,317

15,645

14,697

-4,460

-5,582

15,946

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,351

2,203

7,150

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS

-

-

-

-

-

-149,378

-

-

-

121,807

20,666

106,599

71,734

24,167

166,480

47,403

54,400

94,539

46,832

22,086

48,915

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net earnings from discontinued operations, net of income taxes

-

-

-

-

-

0

-

-

-

11,998

3,495

-4,871

371

5,483

3,897

2,378

205

-1,898

-831

-3,879

4,577

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-540,618

197,864

126,559

238,054

365,742

-149,378

-22,321

-145

-40,428

133,805

24,161

101,728

72,105

29,650

170,377

49,781

54,605

92,641

46,001

18,207

53,492

118,318

21,197

54,309

33,412

142,183

43,456

25,198

12,985

79,770

55,492

40,850

15,407

166,322

22,048

15,014

5,074

148,801

25,834

23,480

17,616

Net loss attributable to noncontrolling interest

-32,722

-4,900

-109

-2,713

-2,148

-42,955

-11,489

-8,389

782

6,206

-14,832

11,542

17,425

7,005

14,329

9,187

9,085

-19,216

-3,041

3,662

8,645

12,378

-5,232

2,516

3,825

4,722

3,469

6,001

1,026

9,864

7,776

129

5,733

37,571

9,984

5,639

1,571

24,509

4,391

11,050

1,695

Dividends on preferred shares

8,925

8,925

8,925

8,925

9,139

7,000

5,133

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

-516,821

193,839

117,743

231,842

358,751

-113,423

-15,965

8,244

-41,210

127,599

38,993

90,186

54,680

22,645

156,048

40,594

45,520

111,857

49,042

14,545

44,847

105,940

26,429

51,793

29,587

137,461

39,987

19,197

11,959

69,906

47,716

40,721

9,674

128,751

12,064

9,375

3,503

124,292

21,443

12,430

15,921

Earnings Per Share [Abstract]
Earnings (Loss) per ordinary share attributable to Enstar:
Net earnings (loss) from continuing operations (dollars per share)

-

-

-

-

-

-5.29

-

-

-

5.96

1.83

4.90

2.80

0.91

7.89

1.98

2.34

5.91

2.57

0.99

2.04

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net earnings (loss) from discontinued operations, net of income taxes (dollars per share)

-

-

-

-

-

0.00

-

-

-

0.62

0.18

-0.25

0.02

0.26

0.20

0.12

0.02

-0.11

-0.02

-0.23

0.29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (in dollars per share)

-23.98

9.02

5.48

10.79

16.71

-5.29

-0.74

0.40

-2.12

6.58

2.01

4.65

2.82

1.17

8.09

2.10

2.36

5.80

2.55

0.76

2.33

5.66

1.38

2.78

1.79

8.32

2.42

1.16

0.72

4.25

2.90

2.48

0.59

8.89

0.85

0.67

0.27

9.61

1.56

0.91

1.17

Diluted:
Net earnings (loss) from continuing operations (dollars per share)

-

-

-

-

-

-5.29

-

-

-

5.90

1.81

4.87

2.78

0.90

7.82

1.97

2.33

5.86

2.55

0.98

2.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net earnings from discontinued operations, net of income taxes (dollars per share)

-

-

-

-

-

0.00

-

-

-

0.61

0.18

-0.25

0.02

0.26

0.20

0.12

0.02

-0.11

-0.02

-0.23

0.29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-23.98

8.89

5.42

10.70

16.57

-5.29

-0.74

0.40

-2.12

6.51

1.99

4.62

2.80

1.16

8.02

2.09

2.35

5.75

2.53

0.75

2.32

5.62

1.37

2.68

1.77

8.23

2.39

1.15

0.72

4.22

2.86

2.44

0.58

8.71

0.83

0.66

0.26

9.37

1.53

0.89

1.15

Weighted average ordinary shares outstanding:
Basic (in shares)

21,549

21,500

21,488

21,477

21,463

21,480

21,440

20,462

19,409

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in shares)

21,779

22,058

21,720

21,675

21,645

21,677

21,665

20,671

19,602

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-