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Enstar Group Limited - ESGR STOCK NEWS

Welcome to our dedicated page for Enstar Group news (Ticker: ESGR), a resource for investors and traders seeking the latest updates and insights on Enstar Group stock.

Enstar Group Limited (ESGR) provides comprehensive news coverage for this global leader in legacy reinsurance solutions and capital release strategies. Track official press releases, financial disclosures, and strategic developments from the Bermuda-based specialist in run-off portfolio management.

This resource consolidates Enstar's key announcements including acquisition updates, quarterly earnings reports, and leadership changes. Investors gain direct access to primary source materials detailing the company's management of insurance liabilities and investment portfolio performance.

Discover timely updates on Enstar's global operations across Bermuda, US, and Asian markets. Content spans regulatory filings, partnership announcements, and industry recognition related to their specialty in claims resolution and risk transfer solutions.

Bookmark this page for streamlined monitoring of ESGR's strategic initiatives in legacy underwriting and reinsurance innovations. Verify all information through direct links to original source documents and SEC filings.

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Enstar Group Limited (Nasdaq: ESGR) reported a strong financial performance for the fourth quarter and full year 2023, with net income attributable to Enstar ordinary shareholders of $599 million and $1.1 billion, respectively. The company achieved a Return on Equity (ROE) of 13.7% for the fourth quarter and 24.2% for the full year. Enstar also saw growth in Book Value per Ordinary Share of 31.0% to $343.45. The company closed a significant transaction with AIG, repurchased voting ordinary shares at a discount, and acquired the remaining equity interest in StarStone Specialty Holdings Limited. Enstar's CEO, Dominic Silvester, highlighted the company's strong performance in investment returns and run-off liability earnings, emphasizing the strategic focus on M&A and innovative legacy solutions to drive long-term shareholder value.
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Enstar Group Limited (ESGR) has announced cash dividends on its Series D and Series E preference shares. Dividends of $0.43750 per depositary share will be payable on March 1, 2024, to shareholders of record on February 15, 2024.
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Enstar Group Limited (Nasdaq: ESGR) reported net earnings of $38 million and a return on equity of 0.9% for the third quarter of 2023, driven by investment results. The company also announced the repurchase of $191 million of ordinary shares at a 5% discount to the trailing 10-day volume weighted average price, representing a 19.5% discount to book value per ordinary share as of September 30, 2023.
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Enstar Group Limited (Nasdaq: ESGR) will pay cash dividends on its Series D and Series E preference shares. Dividends of $0.43750 per depositary share for Series D and Series E preference shares will be payable on December 1, 2023, to shareholders of record on November 15, 2023.
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Enstar Group Limited (NASDAQ: ESGR) has closed a transaction with American International Group, Inc. (AIG) to provide protection for AIG's retained exposure to adverse development on Validus Re's loss reserves. The cover became effective on November 1, 2023, after regulatory approvals and closing conditions were satisfied.
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Enstar Group Limited signs agreement with AIG to provide adverse development cover for Validus Re's loss reserves
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Enstar Group Limited has closed a Loss Portfolio Transfer agreement with RACQ Insurance Limited, reinsuring 80% of RACQ's motor vehicle compulsory third party insurance liabilities. Enstar's subsidiary will provide approximately USD$130 million of cover in excess of the ceded reserves.
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Enstar Group Limited

Nasdaq:ESGR

ESGR Rankings

ESGR Stock Data

4.97B
11.82M
10.79%
84.93%
1.11%
Insurance - Diversified
Fire, Marine & Casualty Insurance
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Bermuda
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