Earnings Call Summary | Enstar(ESGR.US) Q1 2024 Earnings Conference
Earnings Call Summary | Enstar(ESGR.US) Q1 2024 Earnings Conference
The following is a summary of the Enstar Group Limited (ESGR) Q1 2024 Earnings Call Transcript:
以下是英星集团有限公司(ESGR)2024年第一季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Enstar reported a Q1 2024 return on equity of 2.4% and growth in book value per share of 1.7%.
Net income attributable to Enstar ordinary shareholders was $119 million, delivering an adjusted ROE of 2.6%.
The Company further grew its book value by 1.7% to $349.41, and diluted book value per share saw a growth of 1.4% to $341.53.
From diverse transaction considerations and an existing fixed income portfolio, overall investment returns amounted to $222 million.
The company reported Run-off Liability Earnings (RLE) of $24 million, courtesy of favorable claims experience across various classes of business.
Enstar报告称,2024年第一季度股本回报率为2.4%,每股账面价值增长1.7%。
归属于Enstar普通股股东的净收益为1.19亿美元,调整后的投资回报率为2.6%。
该公司的账面价值进一步增长了1.7%,至349.41美元,摊薄后的每股账面价值增长了1.4%,至341.53美元。
从不同的交易考虑因素和现有的固定收益投资组合来看,总投资回报为2.22亿美元。
该公司报告的第二轮负债收益(RLE)为2400万美元,这要归因于各业务类别的良好索赔经验。
Business Progress:
业务进展:
Enstar has announced plans to reinsure $400 million of workers' compensation business for underwriting years 2018 to 2023 through a loss portfolio transfer deal with SiriusPoint.
The firm's primary reinsurer, Cavello Bay, received an 'A' Insurer Financial Strength Rating from S&P, placing faith in their business model and claims management capabilities.
Enstar remains enthusiastic about their pipeline of M&A prospects, underlining a disciplined approach to ensure attractive risk-adjusted returns.
The company has a robust capital and liquidity position, with a fully unutilized $800 million revolving credit agreement and an estimated group capital solvency ratio of 195% at the end of Q1.
Enstar宣布计划通过与SiriusPoint达成的亏损投资组合转移协议,为2018年至2023年度的4亿美元工伤补偿业务提供再保险。
该公司的主要再保险公司Cavello Bay获得了标准普尔颁发的 “A” 级保险公司财务实力评级,这表明他们对他们的商业模式和理赔管理能力充满信心。
Enstar仍然对他们的并购前景充满热情,强调了为确保具有吸引力的风险调整后回报而采取的纪律严明的方法。
该公司拥有稳健的资本和流动性状况,拥有完全未使用的8亿美元循环信贷协议,截至第一季度末,集团资本偿付能力估计为195%。
More details: Enstar IR
更多详情: Enstar IR
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