Enstar Group Reports 2020 Year-End Results
Enstar Group Limited filed its annual report on Form 10-K with the SEC, reporting its earnings and financial position for the year ended December 31, 2020.
“Enstar reported consolidated net earnings of $1.7 billion [or earnings of $78.80 per fully diluted ordinary share] for the year ended December 31, 2020, compared to consolidated net earnings of $902.2 million [or earnings of $41.43 per fully diluted ordinary share] for the year ended December 31, 2019,” the company said.
“The key driver of net earnings for the year ended December 31, 2020 was net realized and unrealized gains of $1.6 billion for the year ended December 31, 2020, including $1.3 billion relating to other investments and equities and $306.3 million relating to fixed income securities.
“Non-GAAP operating income was $1.6 billion [or $71.14 per fully diluted ordinary share] for the year ended December 31, 2020, compared to $558.0 million [or $25.62 per fully diluted ordinary share] for the year ended December 31, 2019.
“Enstar’s ordinary shareholders’ equity at December 31, 2020 amounted to $6.2 billion [or $281.20 per fully diluted ordinary share], compared to $4.3 billion [or $197.93 per fully diluted ordinary share] at December 31, 2019. The Form 10-K, which is available on Enstar’s website, www.enstargroup.com, contains a more detailed description of Enstar’s business and financial results.”
