Enstar Group LTD ESGRP Income Statement

Enstar group ltd (ESGRP)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
INCOME
Premiums Earned, Net
1,079,471	1,154,861	1,114,122	1,108,394	1,060,643	895,575	824,255	707,683	634,442	613,121	668,682	726,387	779,525	823,514	785,335	789,576	770,211	753,744	747,624	733,640	761,212	646,450	548,437	411,124	269,804	239,807	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Fees and commission income
29,300	28,453	30,901	31,264	33,438	35,088	43,260	52,205	62,520	66,103	59,742	53,034	44,854	39,364	33,548	34,069	33,707	39,347	43,668	40,761	38,145	33,079	26,320	21,917	17,368	12,817	10,462	10,008	8,823	8,570	16,067	15,746	16,016	17,858	10,972	11,468	12,923	23,015	0	0	0
Net investment income
320,420	321,276	310,353	294,311	283,048	270,671	260,823	243,421	226,369	208,789	192,413	188,407	183,922	185,463	187,499	171,117	151,450	122,564	103,188	97,254	98,474	101,406	99,588	98,891	99,658	93,295	86,989	81,638	75,280	77,760	76,566	75,406	73,571	68,676	76,280	76,159	78,485	81,261	0	0	0
Net realized and unrealized gains (losses)
-63,916	1,031,351	720,474	515,066	190,937	-412,884	-204,034	-117,510	-11,215	190,334	78,127	115,434	98,060	77,818	82,683	240	-42,559	-41,523	23,153	20,652	67,359	62,619	86,088	141,434	75,104	70,651	57,470	48,740	78,350	73,612	57,584	20,792	28,234	9,214	18,957	39,892	28,145	31,782	0	0	0
Other income
51,802	37,170	51,935	59,335	38,954	35,085	14,581	8,089	12,350	22,605	7,565	6,245	14,624	4,836	18,761	20,717	29,261	30,328	24,179	24,087	19,418	15,963	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,105	0	0	0	-	-	-	-
Total income
1,417,077	2,573,111	2,227,785	2,008,370	1,607,020	823,535	938,885	893,888	924,466	1,100,952	1,006,529	1,089,507	1,120,985	1,130,995	1,107,826	1,015,719	942,070	904,460	941,812	916,394	984,608	859,517	769,897	680,552	461,956	416,570	321,671	249,284	196,651	163,453	153,989	116,086	122,338	112,396	121,777	141,895	132,658	136,058	0	0	0
EXPENSES
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims
668,065	872,575	938,857	870,414	746,895	454,025	296,654	218,392	135,193	193,551	164,545	81,931	168,773	174,099	108,716	147,977	117,415	104,333	112,310	97,484	91,333	9,146	-59,825	-97,746	-184,917	-163,705	-134,872	-177,031	-217,974	-237,953	-345,292	-334,007	-300,207	-293,461	-323,656	-298,509	-306,310	-311,834	0	0	0
Life and annuity policy benefits
-5	91	3,076	3,499	1,145	1,003	0	0	0	-	-	-	-	-2,038	-1,581	-2,862	-842	-546	5,571	31,719	81,691	108,046	124,707	129,253	104,436	78,368	54,406	24,133	-533	-300	388	1,906	2,531	0	0	0	-	-	-	-	-
Reduction in estimates of net ultimate losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-218,116	-294,145	-279,254	-248,916	-248,230	-294,435	-271,710	-278,735	-278,065	0	0	0
Increase (reduction) in provisions for bad debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,111	-41,533	-43,932	-45,077	0	0	0	-	-49,556	0	0	0
Reduction in provisions for unallocated loss adjustment expense liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-39,298	-44,761	-46,295	-46,417	-45,102	-46,252	-42,310	-42,223	-39,651	0	0	0
Amortization of fair value adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,572	35,147	35,474	40,203	42,693	56,247	53,632	58,865	55,438	0	0	0
Acquisition costs
278,749	305,951	266,031	269,991	256,470	192,790	159,133	129,172	106,193	96,906	123,076	148,869	162,361	186,569	192,616	186,987	176,921	163,716	165,469	157,285	151,236	132,573	82,204	52,092	33,992	23,218	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Salaries and benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	211,222	187,201	162,392	132,396	124,616	109,518	104,940	103,632	100,473	111,786	107,571	99,915	89,846	87,249	84,338	81,869	86,677	0	0	0
General and administrative expenses
474,523	473,086	450,467	439,096	424,189	407,375	427,127	424,899	428,777	435,985	432,780	435,552	433,268	423,734	406,991	400,712	387,343	389,159	323,209	267,430	213,770	141,270	120,004	108,091	90,916	86,612	80,243	65,526	59,680	56,592	48,513	54,863	68,918	71,810	86,448	78,874	66,464	59,201	0	0	0
Interest Expense
54,920	52,541	43,666	33,356	29,242	26,217	28,824	30,594	29,245	28,102	25,647	24,264	22,112	20,642	21,214	21,343	20,798	19,403	16,387	14,538	13,191	12,922	14,163	14,126	13,688	12,389	11,336	9,779	8,750	8,426	8,317	9,039	8,674	8,529	8,191	8,717	9,825	10,253	0	0	0
Net foreign exchange gains
15,959	7,879	18,789	4,118	7,050	-2,668	-3,314	-7,049	-19,690	-17,537	-14,085	-11,586	-2,608	-665	-9,196	-6,079	-10,232	-3,373	5,107	-2,099	723	-5,960	-7,061	-23	7,855	4,369	6,206	4,556	-3,220	-406	-2,603	7,252	4,693	-373	1,397	-6,895	652	398	0	0	0
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
-	-	-	-	-	0	-	-	-	-16,349	-16,349	-9,609	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
1,460,293	1,696,365	1,683,308	1,612,238	1,450,891	1,084,078	914,236	816,667	739,717	792,445	779,265	715,216	786,625	803,671	737,152	760,236	711,867	679,438	687,463	694,704	730,330	621,139	475,515	368,231	182,656	157,129	132,593	34,810	-40,838	-72,356	-173,685	-167,880	-124,862	-121,346	-139,304	-118,164	-148,804	-156,101	0	0	0
EARNINGS (LOSS) BEFORE INCOME TAXES
-43,216	876,746	544,477	396,132	156,129	-260,543	24,649	77,221	184,749	308,507	227,264	374,291	334,360	327,324	370,674	255,483	230,203	225,022	254,349	221,690	254,278	238,378	294,382	312,321	279,300	259,441	189,078	214,474	237,489	235,809	327,674	283,966	247,200	233,742	261,081	260,059	281,462	292,159	0	0	0
Income tax benefit (expense)
-5,487	4,437	16,176	2,325	-1,547	-6,124	-5,065	-4,379	-3,294	-6,395	14,462	21,257	24,576	34,874	7,852	12,309	12,346	12,650	18,198	11,174	11,539	11,142	43,281	38,961	35,051	35,619	27,669	41,029	48,392	44,290	49,603	39,339	28,409	25,284	70,144	66,687	81,827	87,132	0	0	0
Income (Loss) from Equity Method Investments
59,588	55,910	52,676	38,290	36,222	42,147	29,199	20,300	20,601	5,904	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,704	0	0	0
NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS
-	-	-	-	-	-212,272	-	-	-	320,806	223,166	368,980	309,784	292,450	362,822	243,174	217,857	212,372	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings from discontinued operations, net of income taxes
-	-	-	-	-	0	-	-	-	10,993	4,478	4,880	12,129	11,963	4,582	-146	-6,403	-2,031	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
21,859	928,219	580,977	432,097	193,898	-212,272	70,911	117,393	219,266	331,799	227,644	373,860	321,913	304,413	367,404	243,028	211,454	210,341	236,018	211,214	247,316	227,236	251,101	273,360	244,249	223,822	161,409	173,445	189,097	191,519	278,071	244,627	218,791	208,458	190,937	194,723	203,189	215,731	0	0	0
Net loss attributable to noncontrolling interest
-40,444	-9,870	-47,925	-59,305	-64,981	-62,051	-12,890	-16,233	3,698	20,341	21,140	50,301	47,946	39,606	13,385	-3,985	-9,510	-9,950	21,644	19,453	18,307	13,487	5,831	14,532	18,017	15,218	20,360	24,667	18,795	23,502	51,209	53,417	58,927	54,765	41,703	36,110	41,521	41,645	0	0	0
Dividends on preferred shares
35,700	35,914	33,989	30,197	21,272	12,133	5,133	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Available to Common Stockholders, Basic
0	0	0	473,338	0	-157,221	0	0	0	0	0	0	0	264,807	354,019	247,013	220,964	220,291	214,374	191,761	229,009	213,749	245,270	258,828	226,232	208,604	141,049	148,778	170,302	168,017	226,862	191,210	159,864	153,693	149,234	158,613	161,668	174,086	0	0	0
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-