Enstar Group is reporting net earnings for 2021 of $437m.
The company, in releasing its results, said that it had net investment income of $312m, with net unrealised gains of $178m. The latter is made up of $384m, offset by $206m of losses.
In a statement, Enstar Group said the return on equity and adjusted return on equity were 7.1% and 9.2%, respectively, for the year ended December 31, 2021, compared to 39.7% and 43.6%, respectively, for the year ended December 31, 2020.
Enstar’s ordinary shareholders’ equity at December 31, 2021 amounted to $5.6bn (or book value per ordinary share of $316.34 and adjusted book value per ordinary share* of $310.80), compared to $6.2bn (or book value per ordinary share of $286.45 and adjusted book value per ordinary share* of $281.20) at December 31, 2020.
This latest batch of results seem better ones for Enstar, given that it reported a $196m net loss in Q3 last year, despite a robust nine-month period before.
