Enstar Group (ESGR) Reports Q3 Loss of $26.10

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Go back to Enstar Group (ESGR) Reports Q3 Loss of $26.10

Enstar Group Limited Reports Third Quarter Results

November 3, 2022 7:10 AM EDT

Net Loss of $444 million and Return on Equity of (10.6)%, driven by unrealized losses on fixed income securities in rising interest rate environment Book Value per Ordinary Share of $208.60 ($206.25 Adjusted*), as of September 30, 2022Entered into a reinsurance agreement with Argo for ground up reserves of $746 million and completed agreement with Probitas Managing Agency Limited to cover 2018 and prior year of account exposures of Syndicate... More