ESGR Earnings Prediction
The chart below shows how ESGR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ESGR sees a -3.96% change in stock price 10 days leading up to the earnings, and a +0.32% change 10 days following the report. On the earnings day itself, the stock moves by -1.92%. This data can give you a slight idea of what to expect for the next quarter's release.
ESGR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
165.00M
-59.56%
7.14%
Gross Margin
--
--
--
Operating Margin
58.18%
-25.12%
-31.08%
Net Margin
77.58%
-39.01%
-80.38%
EPS
8.02
-67.65%
-79.92%
No Data Available
ESGR Earnings Analysis
Enstar Group Limited Depositary Shares Each Representing 1/1000th of an interest in Preference Shares Corporation (ESGRP.O) Earnings Conference Call
Positive
Enstar Group had a strong start to the year with $119 million of net income attributable to Enstar ordinary shareholders in Q1 2024, reflecting solid performance from the investment portfolio and run-off liability earnings.
Net income attributable to Enstar ordinary shareholders was $119 million.
Return on Equity (ROE) was 2.4% and adjusted ROE was 2.6%.
1.7% growth in book value per share to $349.41.
Fully diluted book value per share grew by 1.4% to $341.53.
Enstar announced a loss portfolio transfer agreement with SiriusPoint, reinforcing its industry-leading workers' compensation business and showcasing its expertise in providing bespoke legacy and strategic solutions to partners.
Reinsured $400 million of workers’ compensation business for the underwriting years 2018 through 2023.
SiriusPoint ceded net reserves of approximately $400 million with Enstar providing $200 million of cover in excess of the ceded reserves.
S&P assigned an Insurer Financial Strength Rating of 'A' to Cavello Bay, Enstar's primary reinsurer, recognizing Enstar's leadership in the legacy market and world-class claims management capabilities, enhancing flexibility for future legacy transactions.
S&P's recognition of Enstar's status as a leader in the legacy market.
The 'A' Insurer Financial Strength Rating with a stable outlook for Cavello Bay.
Enstar delivered Run-off Liability Earnings (RLE) of $24 million, driven by favorable claims experience across various classes, offsetting adverse development in specific lines of business, demonstrating the company's ongoing focus on managing liabilities effectively.
RLE of $24 million driven by positive claims experience.
Adverse development in environmental and casualty lines partially offset by favorable experience in other classes.
Enstar maintains a strong capital and liquidity position to support future transactions, with a fully unutilized $800 million revolving credit agreement and a solid group solvency ratio of 195% as of March 31st.
$800 million revolving credit agreement remains fully unutilized.
Group solvency ratio of 195% at the end of Q1.
Strong capital and liquidity position to support future transactions.
Negative
- Enstar reported a Return on Equity (ROE) of 2.4%, which is relatively low and may indicate challenges in generating substantial returns for shareholders.
- The company recorded unfavorable development in its environmental and casualty lines of business, impacting its Run-off Liability Earnings (RLE) by $24 million, showcasing potential volatility in certain segments of its business.
- The cumulative unrealized loss in Enstar's fixed maturity portfolio and funds held stood at $789 million, adversely affecting book value per share by approximately $54, which raises concerns about the company's asset valuation and potential future impacts on financial performance.
