Enstar Group Limited
(NASDAQ:ESGR)

Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. The company engages in the running off property and casualty, and other non-life lines of businesses. It also provides consulting services, including claims...

Website: http://www.enstargroup.com

Founded: 1993

Full Time Employees: 1,444

Sector: Financial Services

Industry: Insurance-Diversified

Insurance

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Quarterly

Annual

Unit: USD	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31

revenues
net premiums earned	12,000,000	11,000,000	5,000,000	11,000,000	14,000,000	14,000,000	7,000,000	8,000,000	4,000,000	14,000,000	34,000,000	51,594,000	59,644,000	92,876,000	108,146,000	161,724,000	142,871,000	259,897,000	270,325,000	276,563,000	335,287,000	264,597,000	228,812,000	170,219,000	160,627,000	148,025,000	155,571,000	148,898,000	163,782,000	223,395,000	226,928,000	209,409,000	197,091,000	231,051,000	212,023,000	198,906,000	171,889,000	195,987,000	216,916,000					30,920,000
net investment income	148,000,000	163,000,000	155,000,000	160,000,000	176,000,000	143,000,000	172,000,000	156,000,000	116,000,000	106,000,000	80,000,000	92,725,000	76,147,000	62,089,000	61,530,000	72,130,000	94,443,000	77,840,000	85,472,000	77,732,000	78,696,000	69,430,000	66,469,000	66,319,000	58,605,000	52,028,000	49,417,000	48,739,000	13,631,000	57,546,000	54,223,000	60,063,000	34,099,000	43,169,000	46,493,000	33,893,000	31,388,000	27,984,000	33,649,000	24,348,000	23,071,000	25,009,000	27,252,000	17,963,000	16,765,000	19,658,000	23,393,000	22,783,000	9,434,000	18,966,000	22,928,000	18,542,000	30,622,000	20,165,000	22,998,000	26,121,000	20,929,000	24,640,000	18,493,000	17,309,000
net realized losses	-2,000,000		-9,000,000	-6,000,000	-32,000,000	-14,000,000		-36,000,000			-37,000,000																																																	-6,010,000
fair value changes in trading securities, funds held and other investments	43,000,000	229,000,000	86,000,000	85,000,000
other income	3,000,000	3,000,000	-1,000,000		-4,000,000	-2,000,000	2,000,000	280,000,000	-4,000,000	23,000,000	14,000,000	5,278,000	-3,359,000	551,000	33,371,000	48,404,000	-1,087,000	20,444,000	826,000	11,030,000	5,812,000	11,543,000	6,294,000	16,640,000	9,303,000	-3,848,000	10,856,000	12,198,000	-2,235,000	610,000	4,048,000	2,413,000
total revenues	204,000,000	423,000,000	236,000,000	250,000,000
yoy
qoq	-51.77%	79.24%	-5.60%
expenses
net incurred losses and loss adjustment expenses												-26,711,000	39,304,000	-55,507,000	76,248,000	109,686,000	186,692,000	107,894,000	222,417,000	216,338,000	312,404,000	153,974,000	92,819,000	19,534,000	30,327,000	75,712,000	9,620,000	77,892,000	1,321,000	-6,902,000	96,462,000	83,218,000	-64,062,000	32,359,000
current period	3,000,000	6,000,000	4,000,000	5,000,000	12,000,000	5,000,000	3,000,000	10,000,000	13,000,000	13,000,000	13,000,000
prior periods	-19,000,000	-9,000,000	-62,000,000	-24,000,000	-8,750,000	-15,000,000	-10,000,000	-10,000,000	-109,000,000	-79,000,000	-143,000,000
total net incurred losses and loss adjustment expenses	-16,000,000	-3,000,000	-58,000,000	-19,000,000	-84,000,000	-10,000,000	-7,000,000		-96,000,000	-66,000,000	-130,000,000
defendant asbestos and environmental expenses	4,000,000
amortization of net deferred charge assets	30,000,000	27,000,000	29,000,000	30,000,000	31,000,000	34,000,000	24,000,000	17,000,000
acquisition costs	1,000,000	4,000,000	1,000,000	1,000,000	4,000,000		4,000,000	2,000,000		12,000,000	8,000,000	10,947,000	4,956,000	34,014,000	38,202,000	37,708,000	49,067,000	66,586,000	50,282,000	66,855,000	93,788,000	54,242,000	53,334,000	30,108,000	21,449,000	24,281,000	30,355,000	20,821,000	40,271,000	52,544,000	46,489,000	47,265,000	55,980,000	49,806,000	37,094,000	34,550,000	32,772,000	36,261,000	50,379,000	13,161,000
general and administrative expenses	91,000,000	110,000,000	98,000,000	87,000,000	104,000,000	91,000,000	85,000,000	89,000,000	67,000,000	83,000,000	85,000,000	93,499,000	92,717,000	83,000,000	142,393,000	115,828,000	144,830,000	113,511,000	113,924,000	117,519,000	112,074,000	102,553,000	102,612,000	95,260,000	126,702,000	100,325,000	106,490,000	102,468,000	118,419,000	104,991,000	105,878,000	36,886,000	36,020,000	44,895,000	41,272,000	38,826,000	40,804,000	41,039,000	37,177,000	22,250,000	19,538,000	29,126,000	20,002,000	17,946,000	13,169,000	14,409,000	14,156,000	14,858,000	5,090,000	20,759,000	28,211,000	17,750,000	19,728,000	13,185,000	15,801,000	10,487,000	11,415,000	12,195,000	10,910,000	12,382,000
interest expense	23,000,000	22,000,000	23,000,000	22,000,000	23,000,000	22,000,000	22,000,000	23,000,000	23,000,000	23,000,000	25,000,000	18,158,000	16,301,000	16,179,000	16,872,000	15,003,000	14,018,000	13,415,000	14,950,000	13,036,000	11,036,000	4,640,000	8,922,000	8,011,000	7,251,000	6,410,000	7,573,000	6,868,000	4,790,000	5,027,000	5,424,000	5,401,000	5,368,000	5,156,000	4,876,000	4,003,000	2,352,000	3,307,000	3,529,000	3,734,000	3,593,000	3,270,000	3,091,000	2,435,000	2,540,000	1,713,000	2,062,000	2,111,000	2,431,000	2,435,000	1,697,000	1,966,000	2,093,000	2,961,000	2,805,000	2,394,000	3,681,000	4,262,000	4,675,000	4,965,000
net foreign exchange losses	16,000,000	23,000,000	1,000,000				5,000,000				3,000,000											1,040,000		5,868,000	1,925,000	4,775,000	7,122,000	3,715,000	-1,571,000	2,320,000	-1,856,000	1,772,000			2,452,000		-1,475,000	6,365,000		1,596,000				5,082,000	-2,212,000	977,000		2,268,000			1,932,000
total expenses	149,000,000	246,000,000	94,000,000	112,000,000	102,000,000	114,000,000	133,000,000	125,000,000	-16,000,000	45,000,000	3,000,000
income before income taxes	55,000,000	177,000,000	142,000,000	138,000,000
income tax expense									-8,000,000			-9,839,000	-9,422,000		-6,323,750	-13,915,000	-16,652,000		-14,597,000	-7,518,000	-4,749,000
income (losses) from equity method investments	4,000,000
net income	59,000,000	161,000,000	136,000,000	128,000,000
yoy
qoq	-63.35%	18.38%	6.25%
net income margin %	28.92%	38.06%	57.63%	51.20%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
dividends on preferred shares	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-8,925,000	-8,925,000	-8,925,000	-8,925,000	-8,925,000	-8,925,000	-8,925,000	-8,925,000	-8,925,000	-9,139,000	-5,133,000
net income attributable to enstar ordinary shareholders	50,000,000	148,000,000	126,000,000	119,000,000
earnings per ordinary share attributable to enstar ordinary shareholders:
basic	3,360,000	10,090,000	8,590,000	8,130,000	38,960,000	2,460,000	1,360,000	24,970,000	-26,100,000	-28,620,000	-16,040,000							-23,980	5,480	10,790	16,710
diluted	3,320,000	9,840,000	8,490,000	8,020,000	38,420,000	2,430,000	1,340,000	24,790,000	-26,100,000	-28,620,000	-16,040,000							-23,980	5,420	10,700	16,570
weighted-average ordinary shares outstanding:
basic	14,891,871,000,000	14,666,153,000,000	14,664,767,000,000	14,641,158,000,000	15,631,770,000,000	15,464,824,000,000	15,460,318,000,000	16,980,240,000,000	17,013,348,000,000	17,224,449,000,000	17,578,019,000,000	18,349,483,000	21,631,749,000	21,562,341,000	21,551,408,000	21,578,106,000	21,565,240,000	21,549,844,000	21,488,216,000	21,477,772,000	21,463,499,000	21,440,914,000	20,462,788,000	19,409,021,000	19,388,621,000	19,392,120,000	19,387,650,000	19,374,728,000	19,299,426,000
diluted	15,050,761,000,000	15,043,766,000,000	14,846,505,000,000	14,833,840,000,000	15,802,618,000,000	15,606,105,000,000	15,660,981,000,000	17,100,954,000,000	17,126,880,000,000	17,470,691,000,000	17,785,121,000,000	18,548,368,000	21,832,218,000	21,852,324,000	21,818,294,000	21,778,729,000	21,789,242,000	21,779,906,000	21,720,497,000	21,675,451,000	21,645,862,000	21,665,356,000	20,671,232,000	19,602,512,000	19,527,591,000	19,559,168,000	19,511,429,000	19,501,663,000	19,447,241,000
net realized gains		17,000,000					17,000,000		-36,000,000	-38,000,000																																											2,152,500	10,635,000	-4,227,000	2,202,000	2,255,000	2,912,000	5,080,000
goodwill impairment		63,000,000
income tax benefit			2,000,000	-5,000,000	238,000,000	7,000,000	4,000,000	1,000,000		4,000,000				5,982,000				5,175,000
income from equity method investments		-16,000,000	-8,000,000	-5,000,000
less: net income attributable to noncontrolling interests		-4,000,000	-1,000,000
net income attributable to enstar		157,000,000	135,000,000	128,000,000
net foreign exchange gains				-9,000,000	-6,000,000	-23,000,000			-17,000,000									-11,930,000			-3,850,000		-5,519,000
net income attributable to noncontrolling interests
income
net unrealized gains					328,000,000	20,000,000	-44,000,000	224,000,000	-546,000,000	-591,000,000
total income					236,750,000	161,000,000	154,000,000	632,000,000	-466,000,000	-486,000,000	-290,000,000
policyholder benefit expenses									7,000,000	6,000,000	12,000,000
earnings before income taxes					143,750,000	47,000,000	21,000,000	507,000,000	-450,000,000	-531,000,000	-293,000,000	-163,636,000	401,787,000	78,900,000	731,902,000	506,669,000	814,080,000	-558,243,000	123,453,000	227,859,000	361,719,000	-21,575,000	3,501,000		112,178,000	22,098,000	111,330,000	68,805,000	27,721,000	179,235,000	58,254,000	62,114,000	81,637,000	58,263,000	24,023,000	64,236,000	108,072,000	26,857,000	62,761,000	40,688,000	164,076,000	44,796,000	29,740,000	20,829,000	35,524,000	70,192,000	52,755,000	19,149,000
(losses) earnings from equity method investments					5,500,000	-3,000,000			-20,000,000
net earnings					152,250,000	51,000,000	39,000,000	519,000,000	-478,000,000	-526,000,000	-262,000,000	-187,622,000	389,306,000	202,913,000	834,655,000	645,850,000	787,486,000	-540,618,000	126,559,000	238,054,000	365,742,000	-22,321,000	-145,000	-40,428,000	133,805,000	24,161,000	101,728,000	72,105,000	29,650,000	170,377,000	49,781,000	54,605,000	92,641,000	46,001,000	18,207,000	53,492,000	118,318,000	21,197,000	54,309,000	33,412,000	142,183,000	43,456,000	25,198,000	12,985,000	79,770,000	55,492,000	40,850,000	15,407,000	166,322,000	22,048,000	15,014,000	5,074,000	148,801,000	25,834,000	23,480,000	17,616,000	101,421,000	45,468,000	19,280,000	10,839,000
net (earnings) loss attributable to noncontrolling interests					-24,750,000	-4,000,000	-9,000,000
net earnings attributable to enstar					127,500,000	47,000,000	30,000,000	433,000,000	-435,000,000	-484,000,000	-273,000,000	-187,033,000	386,251,000	192,122,000	831,524,000	623,938,000	807,478,000	-507,896,000
net earnings attributable to enstar ordinary shareholders					120,750,000	38,000,000	21,000,000	424,000,000	-444,000,000	-493,000,000	-282,000,000	-195,958,000	377,326,000	183,197,000	822,599,000	615,013,000	798,553,000	-516,821,000
earnings from equity method investments							14,000,000	11,000,000			31,000,000	-14,147,000	-3,059,000	118,031,000	85,844,000	149,065,000	-8,790,000	12,450,000	17,703,000	17,713,000	8,772,000
net foreign exchange (gains) losses								-6,000,000				-2,584,000	-9,139,000	2,634,000	15,018,000	8,156,000	5,158,000		-13,631,000	-2,587,000													-865,000	-841,000		-5,071,000			-525,000		-375,000	-673,000	-8,403,000				-627,000		97,000	-8,878,000
net earnings attributable to noncontrolling interests								-86,000,000
earnings per ordinary share attributable to enstar:
basic	3,360,000	10,090,000	8,590,000	8,130,000	38,960,000	2,460,000	1,360,000	24,970,000	-26,100,000	-28,620,000	-16,040,000							-23,980	5,480	10,790	16,710
diluted	3,320,000	9,840,000	8,490,000	8,020,000	38,420,000	2,430,000	1,340,000	24,790,000	-26,100,000	-28,620,000	-16,040,000							-23,980	5,420	10,700	16,570
net gain on purchase and sales of subsidiaries												46,688,000
net income (earnings) attributable to noncontrolling interests									43,000,000	42,000,000
net gain on sales of subsidiaries
net foreign exchange										-13,000,000
earnings (losses) from equity method investments										1,000,000
net unrealized losses											-381,000,000
net earnings attributable to noncontrolling interest											-11,000,000													-782,000
fees and commission income												6,653,000	8,274,000	9,598,000	14,121,000	10,787,000	10,010,000	7,528,000	6,587,000	6,178,000	6,681,000	6,950,000	8,352,000	8,331,000	19,627,000	15,895,000	18,667,000	11,914,000	19,779,000	6,995,000	7,243,000	5,347,000	6,317,000	8,977,000	9,131,000	11,480,000	11,771,000	6,801,000	7,509,000	6,998,000
net realized and unrealized gains												-273,265,000	405,220,000		803,467,000	500,005,000	967,608,000	-634,476,000	148,185,000	269,711,000	460,791,000	-57,223,000	-54,418,000	-143,030,000	50,637,000	29,301,000	51,877,000	58,519,000	-68,555,000	70,422,000	37,987,000	37,964,000	-57,893,000	-15,130,000	-11,249,000	43,020,000	7,971,000	-18,336,000	38,411,000	34,573,000	31,440,000	37,010,000	-27,919,000	30,120,000	18,259,000	28,280,000	-808,000	23,042,000	8,368,000	-8,980,000	5,264,000	3,368,000
net earnings from continuing operations												-187,622,000	389,306,000	202,913,000	819,214,000	641,819,000	788,638,000					-22,321,000	-145,000		121,807,000	20,666,000	106,599,000	71,734,000
net earnings from discontinued operations, net of income taxes															15,441,000	4,031,000	-1,152,000
net (earnings) loss attributable to noncontrolling interest												589,000	-3,055,000	-10,791,000	7,700,500	-21,912,000
earnings per ordinary share attributable to enstar:
basic:
net earnings from discontinued operations															330	110	-30											20
net earnings per ordinary share												-10,680	17,440	8,500	38,200	28,500	37,030					-740	400		6,570	2,010	4,650	2,820
diluted:
net income from discontinued operations, net of income taxes
net income from discontinued operations
net realized and unrealized losses														-20,788,000
net gain on sale of subsidiaries														14,894,000
life and annuity policy benefits																				2,194,000	96,000	423,000	-160,000	-46,000	-1,033,000	1,060,000	4,289,000	-301,000	-64,549,000	21,753,000	19,778,000	20,980,000	23,000,000	22,989,000	28,090,000	22,847,000	26,956,000	26,549,000	27,732,000	26,809,000	14,799,000	33,332,000	29,482,000
net income attributable to noncontrolling interest																	19,992,000	32,722,000	109,000	2,713,000
net earnings attributable to enstar group limited																			126,668,000	240,767,000	367,890,000	-10,832,000			127,599,000	38,993,000	90,186,000	54,680,000	22,645,000	156,048,000	40,594,000	45,520,000	111,857,000	49,042,000	14,545,000	44,847,000	105,940,000	26,429,000	51,793,000	29,587,000	137,461,000	39,987,000		11,959,000	69,906,000	47,716,000	40,721,000	9,674,000	128,751,000	12,064,000	9,375,000	3,503,000	124,292,000	21,443,000	12,430,000	15,921,000	79,941,000	34,987,000	8,751,000	11,531,000
net earnings attributable to enstar group limited ordinary shareholders																			117,743,000	231,842,000	358,751,000	-15,965,000	8,244,000																									0.59	9.22	0.85	0.67	0.27	9.27	1.56	0.91	1.17	5.91	2.58	0.65	0.86
earnings per ordinary share attributable to enstar group limited:
basic	3,360,000	10,090,000	8,590,000	8,130,000	38,960,000	2,460,000	1,360,000	24,970,000	-26,100,000	-28,620,000	-16,040,000							-23,980	5,480	10,790	16,710
diluted	3,320,000	9,840,000	8,490,000	8,020,000	38,420,000	2,430,000	1,340,000	24,790,000	-26,100,000	-28,620,000	-16,040,000							-23,980	5,420	10,700	16,570
net income (earnings) attributable to noncontrolling interest																					2,148,000	11,489,000	8,389,000
loss on sale of subsidiary																										6,740,000	9,609,000
income taxes																						-746,000	-3,646,000	-172,000	9,629,000	-1,432,000	-4,731,000	2,929,000	-10,034,000	-8,858,000	-8,473,000	-7,509,000	11,004,000	-12,262,000	-5,816,000	-10,744,000	10,246,000	-5,660,000	-8,452,000	-7,276,000	-21,893,000	-1,340,000	-4,542,000	-7,844,000	-13,943,000	-14,700,000	-11,905,000	-3,742,000	-19,256,000	-4,436,000	-975,000	-617,000	-64,116,000	-979,000	-16,115,000	-5,922,000	-25,586,000	-2,660,000	23,000	618,000
earnings per ordinary share attributable to enstar group limited:
earnings (losses) before income taxes																								-40,256,000
net earnings (losses) from continuing operations																								-40,428,000
net earnings from discontinued operations, net of income tax expense																												371,000
net earnings (losses) attributable to enstar group limited																								-41,210,000
earnings (losses) per ordinary share attributable to enstar group limited:
net earnings (losses) per ordinary share																								-2,120
net earnings (losses) from discontinued operations, net of income tax expense																									-251,250	3,495,000	-4,871,000
less: net (earnings) losses attributable to noncontrolling interest																									-3,533,750	14,832,000
net earnings (losses) from discontinued operations																									-12.5	180	-250
less: net earnings attributable to noncontrolling interest																											-11,542,000	-17,425,000			-9,187,000	-9,085,000			-3,662,000	-8,645,000			-2,516,000	-3,825,000	-4,722,000	-3,469,000	-6,001,000	-1,026,000	-9,864,000	-7,776,000	-129,000	-5,733,000	-37,571,000	-9,984,000	-5,639,000	-1,571,000	-24,509,000	-4,391,000
less: net incomees (earnings) attributable to noncontrolling interest																													-8,150,250	-14,329,000			-2,316,500	3,041,000
earnings per share — basic
net earnings per ordinary share attributable to enstar group limited shareholders																													3.138	8.09	2.1	2.36	5.81	2.55	0.76	2.33	5.67	1.38	2.78	1.79	8.31	2.42	1.16	0.72	1.493	2.9	2.48
earnings per share — diluted
weighted-average ordinary shares outstanding — basic																														19,299,038	19,295,280	19,282,946	19,252,072				18,409,069				16,523,369		16,525,026	16,514,193	16,441,461	16,437,780	16,436,401	16,427,595	13,930,221				13,489,221				13,514,207	13,578,555	13,532,608
weighted-average ordinary shares outstanding — diluted																														19,449,430	19,430,464	19,408,894	19,407,756				18,678,130				16,703,442		16,693,943	16,676,056	16,638,021	16,676,529	16,674,792	16,671,710	14,212,440				13,751,256				13,744,661	13,814,651	13,787,553
salaries and benefits																																57,560,000	72,685,000	55,440,000	52,691,000	57,772,000	69,624,000	54,525,000	55,683,000	31,390,000	45,603,000	29,716,000	25,687,000	23,610,000	30,505,000	25,138,000	24,379,000	20,451,000	41,818,000	20,923,000	16,723,000	10,382,000	39,221,000	18,012,000	14,254,000	15,190,000	27,126,000	16,997,000	11,914,000	12,417,000
earnings per share—basic
earnings per share—diluted
weighted-average ordinary shares outstanding—basic																																		19,256,184	19,252,359	19,237,461		19,198,475	18,636,085	16,564,083		16,525,012
weighted-average ordinary shares outstanding—diluted																																		19,408,627	19,383,753	19,334,637		19,331,390	19,327,516	16,705,324		16,720,715
net increase in ultimate losses and loss adjustment expense liabilities																																			65,900,000
net increase (reduction) in ultimate losses and loss adjustment expense liabilities																																				70,136,000			59,749,000
net increase (reduction) in ultimate losses and loss adjustment expense liabilities:																																					16,308,000	17,533,000
less: net income (earnings) attributable to noncontrolling interest																																					-277,250	5,232,000
net premiums earned—non-life run-off																																								2,527,000	25,067,500	28,134,000
net premiums earned—active underwriting																																								32,639,000
net premiums earned—life and annuities																																								26,492,000	16,415,250	30,540,000
net (reduction) increase in ultimate losses and loss adjustment expense liabilities:
non-life run-off																																								-29,182,000
active underwriting																																								17,131,000
consulting fees																																									1,951,250	2,398,000	2,960,000	2,447,000	2,657,000	1,944,000	1,775,000	2,194,000	10,154,000	1,623,000	2,045,000	4,036,000	3,268,000	2,119,000	3,500,000	14,128,000	4,477,000	4,112,000	4,179,000	3,336,000
net reduction in ultimate losses and loss adjustment expense liabilities:
losses incurred on current period premiums earned																																									25,067,500	28,134,000	41,216,000	30,920,000
reduction in estimates of net ultimate losses																																									-134,067,000	-27,850,000	-48,500,000	-5,062,000	-101,706,000	-58,506,000	-58,417,000	-3,298,000	-177,308,000	-42,467,000	-27,829,000	-2,612,000	-220,129,000	-20,890,000	-35,104,000	-1,942,000
reduction in provisions for bad debt																																									-1,366,250	-5,465,000			-329,000		-527,000	-2,255,000	-38,751,000	-2,399,000	-1,672,000		-35,145,000	-1,304,000	-7,768,000	-5,339,000
reduction in provisions for unallocated loss adjustment expense liabilities																																									-111,000	-16,320,000	-16,795,000	-16,403,000	-2,206,000	-12,579,000	-11,661,000	-12,852,000	-7,669,000	-14,113,000	-11,783,000	-11,537,000
amortization of fair value adjustments																																									-3,541,000	5,025,000	2,369,000	2,093,000	4,207,000	8,538,000	2,240,000	7,587,000	16,782,000	8,865,000	6,969,000	10,077,000	30,336,000	6,250,000	12,202,000	6,650,000
net premiums earned — non-life run-off																																											41,216,000
net premiums earned — life and annuities																																											34,380,000
net reduction in ultimate loss and loss adjustment expense liabilities:
group limited																																											19,197,000
net increase (reduction) in ultimate loss and loss adjustment expense liabilities:
gain on bargain purchase																																																				13,105,000
earnings per share — basic:
earnings per share — diluted:
earnings before income taxes and share of net earnings of partly owned company																																																	185,578,000	26,484,000	15,989,000	5,691,000	212,917,000	25,462,000	37,392,000	16,388,000	19,285,250	47,932,000	19,257,000	9,952,000
share of net earnings of partly owned company																																																						1,351,000	2,203,000	7,150,000	116,250	196,000		269,000
weighted-average shares outstanding — basic																																																		14,270,003	13,999,179	12,945,838		13,704,832	13,702,832	13,619,741				13,363,507
weighted-average shares outstanding — diluted																																																		14,559,164	14,285,685	13,220,332		14,019,768	14,019,489	13,831,697				13,699,419
net foreign exchange loss																																																				7,334,000				7,588,000
reduction in provisions for unallocated loss and loss adjustment expense liabilities																																																					-7,708,000	-10,171,000	-11,696,000	-8,965,000
net foreign exchange (gain) loss																																																					-1,785,000	-586,000	-5,615,000		-1,794,250	-7,164,000
less: net earnings attributable to noncontrolling interests																																																							-11,050,000				-10,529,000
less: net (earnings) loss attributable to noncontrolling interest																																																								-1,695,000
net reduction in loss and loss adjustment expense liabilities																																																									-21,657,500	-42,558,000	-17,393,000
earnings before extraordinary gain																																																									101,421,000	45,468,000	19,280,000	10,839,000
extraordinary gain — negative goodwill
less: net																																																									-5,079,500	-10,481,000
earnings before extraordinary gain attributable to enstar group limited ordinary shareholders																																																									5.91	2.58	0.65	0.86
extraordinary gain attributable to enstar group limited ordinary shareholders
amounts attributable to enstar group limited ordinary shareholders:
extraordinary gain
net foreign exchange gain																																																											-1,611,000	1,598,000
net increase in loss and loss adjustment expense liabilities																																																												-26,679,000
less: net income																																																												692,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31

assets
fixed maturities, trading, at fair value	1,179,000,000	1,572,000,000	1,698,000,000	1,862,000,000	1,949,000,000	1,904,000,000	2,038,000,000	2,153,000,000	2,315,000,000	2,783,000,000	3,247,000,000	3,921,543,000	4,088,402,000	4,310,958,000	4,594,892,000	4,999,642,000	5,365,157,000	5,644,819,000	7,150,544,000	7,635,146,000	7,317,054,000	6,313,330,000	6,428,929,000	6,338,962,000	5,696,073,000	5,814,991,000	5,644,098,000	5,585,818,000	4,388,242,000	5,036,054,000	4,986,615,000	5,072,003,000	4,990,794,000	4,925,459,000	5,016,891,000	4,671,075,000	3,832,291,000	3,997,454,000	4,152,318,000		3,381,719,000	3,461,075,000	3,227,790,000	4,091,509,000	2,253,210,000	2,361,540,000	2,216,611,000	2,194,250,000	2,035,369,000	1,887,557,000	1,093,134,000	913,847,000	524,122,000	400,498,000	247,037,000	186,124,000	88,050,000	97,199,000	101,607,000	112,500,000	115,846,000	109,170,000	112,536,000	327,799,000		296,659,000
fixed maturities, available-for-sale, at fair value	4,924,000,000	5,177,000,000	4,971,000,000	5,046,000,000	5,261,000,000	5,267,000,000	5,351,000,000	5,183,000,000	4,868,000,000	5,099,000,000	5,268,000,000	5,379,096,000	5,466,038,000	4,567,490,000	3,395,100,000	2,883,472,000	2,215,211,000	2,140,173,000	406,378,000	62,782,000	146,575,000	163,144,000	169,321,000	194,936,000	210,285,000	222,085,000	228,771,000	242,686,000	267,499,000	299,324,000	299,929,000	282,800,000	293,679,000	184,932,000	185,647,000	208,890,000	241,111,000	238,220,000	234,853,000		213,860,000	63,591,000	82,441,000	190,110,000	251,121,000	310,642,000	421,809,000	518,037,000	607,316,000		852,810,000	1,006,350,000	1,094,947,000	1,361,336,000	33,633,000	57,403,000			78,402,000	116,147,000
short-term investments, trading, at fair value		4,000,000	9,000,000	6,000,000	2,000,000	4,000,000	6,000,000	3,000,000	14,000,000	15,000,000	7,000,000	14,236,000	19,788,000	11,944,000	5,129,000	7,133,000	10,216,000	18,249,000	76,859,000	46,537,000	76,060,000	231,950,000	259,396,000	214,526,000	180,211,000	254,251,000	327,595,000	263,511,000	222,918,000	119,680,000	122,746,000	128,925,000	87,350,000	161,612,000	210,438,000	180,807,000	130,516,000	161,807,000	234,211,000	186,167,000	281,002,000	387,838,000	401,702,000	408,254,000	319,111,000	381,106,000	405,090,000	317,611,000	410,269,000	410,694,000	325,036,000	425,727,000	507,978,000	539,985,000	521,544,000	49,170,000
short-term investments, available-for-sale, at fair value	400,000,000	207,000,000	45,000,000	41,000,000	62,000,000	59,000,000	59,000,000	25,000,000	9,000,000	42,000,000	59,000,000	81,641,000	110,473,000	89,637,000	263,795,000	278,175,000	87,770,000	138,900,000	9,589,000										268,000	792,000	2,401,000	7,687,000	8,622,000					574,000	4,370,000	12,923,000	32,504,000												7,263,000	23,583,000		4,009,000			421,205,000	504,214,000
funds held	4,672,000,000	4,626,000,000	4,730,000,000	4,880,000,000	5,251,000,000
equity securities, at fair value	759,000,000				701,000,000
other investments, at fair value	4,206,000,000	4,145,000,000	4,091,000,000	4,018,000,000	3,853,000,000	3,637,000,000	3,416,000,000	3,417,000,000	3,203,000,000	3,125,000,000	2,863,000,000	2,051,718,000	1,814,593,000	4,519,046,000	4,244,034,000	3,704,870,000	3,278,785,000	2,326,984,000	2,396,852,000	2,419,512,000	2,324,345,000	2,036,430,000	1,768,333,000	1,129,685,000	913,392,000	902,864,000	890,943,000	932,155,000	937,047,000	985,696,000	936,158,000	953,991,000	1,034,032,000	988,387,000	959,283,000	919,323,000	836,868,000	842,555,000	716,303,000	646,765,000	569,293,000	518,307,000	468,412,000	432,034,000	414,845,000	389,728,000	324,635,000	237,933,000	192,264,000	200,399,000	255,619,000	233,878,000	234,714,000	200,700,000	166,781,000	91,294,000	81,801,000	76,363,000	71,039,000	69,566,000	60,237,000	91,604,000	141,328,000	105,391,000	76,864,000	68,395,000	66,871,000	42,421,000
equity method investments	318,000,000	303,000,000	318,000,000	326,000,000	334,000,000	409,000,000	424,000,000	410,000,000	468,000,000	506,000,000	519,000,000	505,488,000	936,430,000	938,618,000	832,295,000	516,795,000	362,398,000	337,474,000	282,463,000	270,278,000	221,023,000
total investments	16,458,000,000	16,821,000,000	16,623,000,000	16,917,000,000	17,413,000,000	14,839,000,000	14,928,000,000	13,372,000,000	14,226,000,000	15,827,000,000	17,242,000,000	16,962,539,000	14,622,446,000	16,552,792,000	15,256,930,000	14,109,885,000	13,129,164,000	12,383,370,000	12,294,559,000	12,189,068,000	11,773,687,000	8,875,168,000	8,756,383,000	8,136,474,000	7,232,185,000	7,431,403,000	7,325,943,000	7,263,634,000	6,042,672,000	7,453,929,000	7,365,433,000	7,483,024,000	7,454,355,000	7,318,768,000	7,444,505,000	6,957,476,000	6,004,149,000	6,220,618,000	6,342,432,000	5,522,140,000	5,519,798,000	5,457,099,000	5,210,132,000	5,253,301,000	3,352,875,000	3,544,088,000	3,465,924,000	3,363,891,000	3,335,199,000	3,296,841,000	2,592,489,000	2,643,457,000	2,429,106,000	2,597,715,000	2,441,565,000	1,924,142,000	1,620,992,000	1,731,173,000	1,489,988,000	1,476,973,000	1,278,055,000	708,215,000	882,545,000	1,217,695,000	792,387,000	920,292,000	1,008,857,000	747,529,000
cash and cash equivalents	1,170,000,000	572,000,000	469,000,000	450,000,000	564,000,000	497,000,000	768,000,000	828,000,000	923,000,000	785,000,000	763,000,000	1,587,158,000	769,359,000	562,328,000	901,152,000	640,601,000	651,855,000	815,878,000	832,608,000	1,073,485,000	718,050,000	553,419,000	819,709,000	652,827,000	955,150,000	624,451,000	681,068,000	921,562,000	954,871,000	769,039,000	800,846,000	746,053,000	821,925,000	1,026,052,000	1,076,959,000	982,501,000	963,402,000	921,615,000	1,028,155,000	645,823,000	643,841,000	520,560,000	616,897,000	640,356,000	654,890,000	644,355,000	672,883,000	792,815,000	850,474,000	762,577,000	759,724,000	630,386,000	799,154,000	823,777,000	723,735,000	1,061,925,000	1,266,445,000	1,300,085,000	1,548,166,000	1,564,053,000	1,866,546,000	1,805,978,000	1,484,950,000	1,480,695,000	900,507,000	724,120,000	661,226,000	450,817,000
restricted cash and cash equivalents	311,000,000	464,000,000	283,000,000	310,000,000	266,000,000	387,000,000	418,000,000	315,000,000	434,000,000	301,000,000	372,000,000	447,533,000	356,899,000	433,365,000	471,964,000	556,721,000	336,666,000	345,097,000	508,305,000	450,300,000	427,601,000	474,590,000	363,884,000	483,136,000	257,686,000	324,905,000	423,683,000	392,413,000	363,774,000	517,870,000	446,293,000	506,941,000	511,339,000	484,304,000	612,373,000	510,513,000	534,974,000	502,402,000	514,458,000	607,159,000	397,657,000	386,605,000	407,062,000	346,719,000	299,965,000	289,111,000	283,416,000	446,047,000	373,191,000	452,429,000	512,792,000	570,815,000	656,200,000	395,821,000	382,123,000	524,654,000	433,660,000	452,928,000	463,658,000	415,812,000	343,327,000	387,095,000	385,081,000	317,691,000	174,878,000	178,461,000	148,133,000	62,746,000
accrued interest receivable	58,000,000	63,000,000	63,000,000	73,000,000	71,000,000	74,000,000																													41,992,000	42,002,000	37,581,000	40,648,000	42,084,000	37,801,000	38,864,000	42,215,000	42,102,000	43,941,000	22,932,000	28,801,000	26,116,000	28,352,000	26,924,000	29,767,000	20,765,000	23,884,000	19,980,000	25,854,000	20,259,000	18,731,000	16,108,000	20,884,000	18,416,000	19,217,000	21,277,000	13,635,000	16,146,000	21,076,000	10,636,000	10,610,000	12,164,000	7,305,000
reinsurance balances recoverable on paid and unpaid losses	522,000,000	535,000,000	582,000,000	692,000,000	740,000,000	735,000,000	846,000,000	883,000,000	886,000,000	948,000,000	983,000,000	1,205,504,000	1,484,384,000	1,559,481,000	1,568,333,000	1,338,495,000	1,422,670,000	1,666,381,000
reinsurance balances recoverable on paid and unpaid losses, at fair value	194,000,000	200,000,000	199,000,000	207,000,000	217,000,000	214,000,000	247,000,000	265,000,000	287,000,000	327,000,000	388,000,000	471,103,000	492,343,000	490,814,000	520,830,000	543,161,000	671,384,000	653,396,000
insurance balances recoverable	169,000,000	166,000,000	169,000,000	170,000,000	172,000,000	173,000,000	175,000,000	176,000,000	190,000,000	191,000,000	192,000,000	213,419,000	245,979,000	248,010,000	249,652,000	365,288,000	428,277,000	435,613,000
net deferred charge assets	719,000,000	662,000,000	687,000,000	701,000,000	731,000,000	763,000,000	797,000,000	641,000,000
other assets	739,000,000	773,000,000	821,000,000	745,000,000	739,000,000	478,000,000	577,000,000	607,000,000	624,000,000	648,000,000	721,000,000	36,785,000	517,851,000	1,129,413,000	925,533,000	677,797,000	703,898,000	823,121,000	763,670,000	630,232,000	581,236,000	646,987,000	647,396,000	871,467,000	831,320,000	829,230,000	851,227,000	835,607,000	842,356,000	373,979,000	544,213,000	549,616,000	556,850,000	537,227,000	333,491,000	39,495,000	21,282,000	26,256,000	43,176,000	49,963,000	41,441,000	17,503,000	24,715,000	93,308,000	15,487,000	17,969,000	19,687,000	30,899,000	40,981,000	33,818,000	34,400,000	63,028,000	41,343,000	214,069,000	193,050,000	120,494,000	132,369,000	113,318,000	114,768,000	109,420,000	118,186,000	84,271,000	96,731,000	142,824,000	97,934,000	97,447,000	94,595,000	40,735,000
total assets	20,340,000,000	20,256,000,000	19,896,000,000	20,265,000,000	20,913,000,000	21,031,000,000	21,861,000,000	20,345,000,000	21,552,000,000	23,269,000,000	23,240,000,000	26,053,448,000	24,621,331,000	22,059,792,000	21,647,284,000	21,770,588,000	21,293,915,000	19,131,509,000	18,213,354,000	18,224,842,000	18,058,251,000	15,121,228,000	15,203,212,000	15,611,652,000	13,606,422,000	14,759,430,000	14,830,771,000	14,882,877,000	12,865,744,000	12,470,920,000	12,659,166,000	12,850,350,000	11,832,132,000	12,053,610,000	12,332,360,000	11,509,172,000	9,936,885,000	10,249,445,000	10,618,096,000	8,709,307,000	8,620,155,000	8,342,269,000	7,874,748,000	8,043,926,000	5,882,243,000	5,908,470,000	6,030,941,000	6,459,783,000	6,606,138,000	6,775,611,000	5,200,761,000	5,231,044,000	5,235,904,000	5,012,929,000	4,603,893,000	4,592,175,000	4,170,842,000	4,340,561,000	4,397,602,000	4,371,009,000	4,358,151,000	3,661,471,000	3,543,920,000	3,994,956,000	2,523,273,000	2,456,500,000	2,489,277,000	1,774,252,000
liabilities
losses and loss adjustment expenses	10,085,000,000	10,164,000,000	10,148,000,000	10,452,000,000	11,196,000,000	11,836,000,000	12,664,000,000	10,936,000,000	11,549,000,000	12,142,000,000	10,744,000,000	11,770,051,000	10,803,753,000	9,150,038,000	8,140,362,000	7,878,206,000	8,138,897,000	8,084,444,000	7,376,663,000	7,061,385,000	7,248,229,000	5,516,012,000	5,387,021,000	5,466,617,000	5,603,419,000	5,760,465,000	5,749,087,000	5,835,758,000	5,987,867,000	6,145,569,000	6,433,845,000	6,641,507,000	5,720,149,000	6,019,206,000	6,143,471,000	5,724,623,000	4,509,421,000	4,851,911,000	5,124,991,000	4,042,130,000	4,219,905,000	4,400,418,000	4,041,236,000	4,154,920,000	3,661,154,000	3,639,005,000	3,810,331,000	4,138,623,000	4,282,916,000	4,739,841,000	3,267,341,000	3,394,988,000	3,291,275,000	3,233,699,000	2,894,353,000	2,890,725,000	2,479,136,000	2,685,952,000	2,781,577,000	2,797,827,000	2,798,287,000	2,365,191,000	2,311,590,000	2,700,687,000	1,671,092,000	1,627,276,000	1,622,061,000	1,214,419,000
losses and loss adjustment expenses, at fair value	996,000,000	1,108,000,000	1,056,000,000	1,098,000,000	1,163,000,000	1,108,000,000	1,170,000,000	1,250,000,000	1,286,000,000	1,499,000,000	1,764,000,000	2,107,734,000	2,234,105,000	2,277,382,000		2,422,678,000	2,454,539,000	2,345,543,000	2,658,644,000	2,772,501,000	2,847,793,000	3,019,721,000	3,221,366,000	3,519,453,000		1,855,252,000	1,892,297,000	1,924,829,000
defendant asbestos and environmental liabilities	529,000,000	523,000,000	540,000,000	556,000,000	567,000,000	572,000,000	587,000,000	596,000,000	617,000,000	620,000,000	631,000,000	659,921,000	677,919,000	691,557,000	706,329,000	754,037,000	808,062,000	822,716,000
debt obligations	1,948,000,000	1,833,000,000	1,832,000,000	1,832,000,000	1,831,000,000	1,831,000,000	1,830,000,000	1,830,000,000	1,905,000,000	1,905,000,000	1,904,000,000	1,690,738,000	1,364,212,000	1,363,515,000	1,373,259,000	1,447,908,000	1,542,022,000	1,541,554,000	1,210,675,000	1,497,447,000	1,103,790,000	394,470,000	439,610,000	860,507,000	646,689,000	653,454,000	640,787,000	730,845,000
other liabilities	569,000,000	481,000,000	408,000,000	474,000,000	465,000,000	384,000,000	412,000,000	605,000,000	432,000,000	475,000,000	546,000,000	601,055,000	886,056,000	1,018,743,000	942,905,000	478,888,000	442,845,000	431,204,000	688,583,000	603,429,000	605,263,000	570,474,000	524,882,000	974,688,000	972,457,000	928,147,000	781,494,000	757,357,000	705,318,000	322,921,000	276,186,000	372,653,000	358,633,000	359,032,000	314,416,000	103,535,000	50,642,000	62,900,000	74,326,000	68,348,000	70,444,000	73,478,000	93,595,000	124,644,000	99,022,000	106,971,000	112,826,000	121,879,000	95,593,000	124,916,000	109,826,000	157,097,000	107,630,000	83,603,000	79,974,000	87,480,000	85,285,000	80,080,000	78,993,000	69,766,000	58,808,000	61,095,000	67,610,000	77,891,000	44,576,000	55,790,000	68,723,000	29,991,000
total liabilities	14,127,000,000	14,157,000,000	14,016,000,000	14,519,000,000	15,265,000,000	15,961,000,000	16,759,000,000	15,291,000,000	17,228,000,000	18,209,000,000	17,292,000,000	19,565,094,000	17,243,939,000	15,111,558,000	14,593,844,000	15,558,504,000	15,726,916,000	14,448,732,000	13,128,077,000	13,261,707,000	13,321,741,000	10,747,223,000	10,804,971,000	12,021,574,000	9,980,868,000	11,287,256,000	11,401,482,000	11,535,730,000	9,600,390,000	9,234,444,000	9,600,055,000	9,839,570,000	8,893,686,000	9,211,653,000	9,504,402,000	8,576,772,000	7,039,446,000	7,445,789,000	7,806,529,000	6,334,096,000	6,541,773,000	6,466,358,000	6,084,527,000	6,259,431,000	4,107,010,000	4,164,281,000	4,343,865,000	4,794,168,000	4,922,727,000	5,438,094,000	3,854,522,000	4,017,615,000	4,020,083,000	3,840,110,000	3,492,900,000	3,494,516,000	3,094,690,000	3,382,218,000	3,483,726,000	3,510,428,000	3,486,920,000	2,919,305,000	2,892,884,000	3,362,008,000	2,044,140,000		2,030,778,000	1,400,122,000
commitments and contingencies
shareholders’ equity
voting ordinary shares	15,000,000	15,000,000	15,000,000	15,000,000	15,000,000	16,000,000	16,000,000	16,000,000	16,000,000	16,000,000	17,000,000	16,786,000	18,571,000	18,596,000	18,576,000	18,560,000	18,635,000	18,610,000	17,981,000	17,975,000	17,958,000	17,934,000	17,930,000
preferred shares:
series d preferred shares	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000
series e preferred shares	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000	110,000,000
treasury shares, at cost:
series c preferred shares	-422,000,000	-422,000,000										389,000	389,000	389,000	389,000	389,000	389,000	389,000	389,000	389,000	389,000	389,000	389,000	389,000	389,000	389,000	389,000	389,000	389,000	389,000	389,000
joint share ownership plan		-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-566,000	-566,000	-566,000	-566,000	-566,000	-566,000	-566,000
additional paid-in capital	599,000,000	593,000,000	591,000,000	585,000,000	579,000,000	455,000,000	447,000,000	440,000,000	757,000,000	769,000,000	883,000,000	956,094,000	1,835,231,000	1,836,792,000	1,836,074,000	1,832,130,000	1,835,115,000	1,825,798,000	1,830,507,000	1,822,202,000	1,809,107,000	1,812,727,000	1,808,063,000	1,400,624,000	1,395,067,000	1,391,229,000	1,386,332,000	1,382,421,000	1,380,109,000	1,379,389,000	1,376,590,000	1,373,203,000	1,373,044,000	1,369,268,000	1,365,016,000	1,323,482,000	1,321,715,000	1,320,398,000	1,317,502,000	962,989,000	962,145,000	961,270,000	960,399,000	959,503,000	958,571,000	959,191,000	958,351,000	957,504,000	956,329,000	775,471,000	774,637,000	668,751,000	667,907,000	727,506,000	727,323,000	726,770,000	721,120,000	718,315,000	718,247,000	713,459,000	709,485,000	709,344,000	593,983,000	593,712,000	590,720,000	590,504,000	590,373,000	111,371,000
accumulated other comprehensive loss	-275,000,000	-221,000,000	-357,000,000	-364,000,000	-336,000,000	-570,000,000	-488,000,000	-496,000,000	-667,000,000	-490,000,000	-257,000,000															-5,161,000	-18,611,000	-21,727,000	-23,549,000	-17,333,000	-21,527,000	-19,104,000	-35,162,000																										-18,420,000	-39,375,000
retained earnings	5,780,000,000	5,583,000,000	5,435,000,000	5,309,000,000	5,190,000,000	4,889,000,000	4,851,000,000	4,830,000,000	3,866,000,000	4,310,000,000	4,803,000,000	5,012,607,000	5,208,565,000	4,831,239,000	4,647,312,000	3,816,548,000	3,190,104,000	2,375,073,000	2,691,482,000	2,573,117,000	2,335,028,000	2,083,193,000	2,098,484,000	2,089,760,000	2,132,912,000	2,037,051,000	1,996,283,000	1,905,956,000	1,847,550,000	1,817,266,000	1,662,623,000	1,622,957,000	1,578,312,000	1,503,640,000	1,454,598,000	1,440,053,000	1,395,206,000	1,289,266,000	1,262,837,000	1,211,044,000	1,181,457,000	1,043,996,000	1,004,009,000	984,812,000	972,853,000	902,947,000	855,230,000	814,510,000	804,836,000	676,085,000	664,021,000	654,646,000	651,143,000	526,851,000	505,408,000	492,978,000	477,057,000	397,116,000	362,129,000	353,378,000	341,847,000	246,721,000	283,156,000	271,983,000	225,357,000	222,789,000	211,885,000	202,655,000
total enstar shareholders’ equity	6,207,000,000	6,057,000,000	5,771,000,000	5,632,000,000	5,535,000,000	4,877,000,000	4,913,000,000	4,877,000,000	4,060,000,000	4,693,000,000	5,534,000,000	6,079,865,000	7,187,308,000	6,760,776,000	6,674,395,000	5,820,885,000	5,186,913,000	4,276,599,000
noncontrolling interests	6,000,000	42,000,000	109,000,000	114,000,000	113,000,000	10,000,000	11,000,000	7,000,000	98,000,000	193,000,000
total shareholders’ equity	6,213,000,000	6,099,000,000	5,880,000,000	5,746,000,000	5,648,000,000	4,887,000,000	4,924,000,000	4,884,000,000	4,158,000,000	4,886,000,000	5,767,000,000	6,306,937,000	7,199,943,000	6,773,431,000	6,688,004,000	5,835,353,000	5,200,466,000	4,290,004,000	4,650,490,000	4,527,439,000	4,280,164,000	3,915,677,000	3,927,148,000	3,109,311,000	3,145,948,000	3,031,832,000	2,971,643,000	2,874,083,000	2,810,832,000	2,780,931,000	2,619,455,000	2,581,654,000	2,520,783,000	2,458,643,000	2,432,928,000	2,549,214,000	2,522,820,000	2,438,025,000	2,457,854,000	2,013,078,000	1,977,523,000	1,843,404,000	1,790,221,000	1,784,495,000	1,775,233,000	1,744,189,000	1,687,076,000	1,665,615,000	1,683,411,000	1,337,517,000	1,346,239,000	1,213,429,000	1,215,821,000	1,172,819,000	1,110,993,000	1,097,659,000	1,076,152,000	958,343,000	913,876,000	860,581,000	615,209,000	543,380,000	476,631,000	464,842,000	416,599,000	411,834,000	400,731,000	318,610,000
total liabilities and shareholders’ equity	20,340,000,000	20,256,000,000	19,896,000,000	20,265,000,000																																		10,249,445,000	10,618,096,000	8,709,307,000			7,874,748,000	8,043,926,000	5,882,243,000	5,908,470,000	6,030,941,000	6,459,783,000	6,606,138,000	6,775,611,000	5,200,761,000	5,231,044,000	5,235,904,000	5,012,929,000	4,603,893,000	4,592,175,000	4,170,842,000	4,340,561,000	4,397,602,000	4,371,009,000	4,358,151,000	3,661,471,000	3,543,920,000	3,994,956,000	2,523,273,000	2,456,500,000	2,489,277,000	1,774,252,000
equities, at fair value		787,000,000	761,000,000	738,000,000		881,000,000	965,000,000	1,078,000,000	1,199,000,000	1,776,000,000	2,444,000,000	1,952,425,000	1,158,219,000	1,098,568,000	846,795,000	653,159,000	640,771,000	641,850,000	728,426,000	522,038,000	400,420,000
insurance and reinsurance balances payable		48,000,000	32,000,000	107,000,000	43,000,000	230,000,000	96,000,000	74,000,000	154,000,000	205,000,000	267,000,000	554,837,000	584,084,000	610,323,000	494,412,000	581,615,000	573,089,000	451,530,000	378,381,000	427,368,000	455,738,000	381,114,000	354,100,000	356,483,000	236,697,000	254,041,000	470,055,000	430,769,000	394,021,000	271,840,000	318,072,000	285,374,000	274,598,000	327,067,000	300,887,000	287,521,000	276,723,000	373,291,000	323,887,000	223,860,000	281,028,000	213,033,000	164,522,000	183,790,000
future policyholder benefits									1,285,000,000	1,363,000,000	1,436,000,000	1,498,210,000
redeemable noncontrolling interests						183,000,000	178,000,000	170,000,000	166,000,000	174,000,000
ordinary shares																								16,413,000	16,402,000	16,391,000	16,386,000	16,381,000	16,175,000	16,171,000	16,167,000	16,163,000	16,133,000	16,128,000	15,827,000	15,811,000	15,761,000	15,760,000			13,803,000	13,801,000	13,800,000	13,799,000	13,752,000	13,713,000	13,712,000	13,710,000	13,665,000	13,521,000	13,520,000	12,984,000	12,940,000	13,707,000	13,704,000	13,701,000	13,581,000	13,579,000	13,578,000	13,451,000	13,334,000	13,333,000	11,961,000	11,948,000				19,000
non-voting convertible ordinary series c shares									1,000,000	1,000,000	1,000,000	1,193,000	2,690,000	2,690,000	2,600,000	2,600,000	2,600,000	2,600,000	2,600,000	2,600,000	2,600,000	2,600,000	2,600,000
non-voting convertible ordinary series e shares												405,000	910,000	910,000	910,000	910,000	910,000	910,000	910,000	910,000	910,000	910,000	910,000
treasury shares, at cost					-422,000,000	-422,000,000	-422,000,000	-422,000,000	-422,000,000	-422,000,000	-422,000,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000
total liabilities, redeemable noncontrolling interests and shareholders’ equity					20,913,000,000	21,031,000,000	21,861,000,000	20,345,000,000	21,552,000,000	23,269,000,000
funds held - directly managed						2,678,000,000	2,669,000,000		2,150,000,000	2,481,000,000	2,835,000,000	3,056,392,000	1,028,503,000	1,016,531,000	1,074,890,000	1,066,639,000	1,168,856,000	1,134,921,000	1,243,448,000	1,232,775,000	1,288,210,000	1,217,182,000	1,229,896,000	1,176,913,000	1,179,940,000	1,191,923,000	1,205,592,000	1,209,689,000	994,665,000
funds held by reinsured companies						2,871,000,000	3,105,000,000	3,258,000,000	3,727,000,000	3,956,000,000	2,241,000,000	2,410,021,000	2,201,958,000	662,645,000	635,819,000	657,490,000	1,466,596,000	827,382,000	393,269,000	389,507,000	919,738,000	254,029,000	259,432,000	814,777,000	175,383,000	91,800,000	84,073,000	88,326,000	82,073,000	1,140,695,000	1,190,899,000	1,195,138,000	109,358,000	112,129,000	116,376,000	116,079,000	134,628,000	150,300,000	146,828,000	201,622,000	237,789,000	235,156,000	222,708,000	333,650,000	365,252,000	83,945,000	90,612,000	102,093,000	107,748,000	202,844,000	230,973,000	244,959,000	274,699,000
funds held - directly managed, at fair value								1,103,000,000
deferred charge assets									255,000,000	286,000,000	338,000,000
redeemable noncontrolling interest											181,000,000	181,417,000	177,449,000	174,803,000	365,436,000	376,731,000	366,533,000	392,773,000	434,787,000	435,696,000	456,346,000	458,328,000	471,093,000	480,767,000	479,606,000	440,342,000	457,646,000	473,064,000	454,522,000	455,545,000	439,656,000	429,126,000	417,663,000	383,314,000			374,619,000				100,859,000	32,507,000
noncontrolling interest											233,000,000	227,072,000	12,635,000	12,655,000	13,609,000	14,468,000	13,553,000	13,405,000	12,690,000	12,609,000	12,452,000	10,313,000	9,727,000	9,276,000	9,264,000	10,487,000	9,418,000	9,217,000	8,520,000	3,477,000	3,641,000	3,890,000	3,911,000	20,569,000	34,118,000	215,039,000	217,970,000	223,767,000	258,044,000	227,320,000	222,000,000	225,521,000	221,344,000	220,563,000	221,478,000	256,915,000	249,263,000	264,876,000	297,345,000	264,823,000	261,561,000	253,714,000	267,400,000	289,598,000	289,560,000	271,421,000	274,271,000	257,586,000	256,928,000	238,254,000
total liabilities, redeemable noncontrolling interest and shareholders’ equity											23,240,000,000	26,053,448,000	24,621,331,000	22,059,792,000	21,647,284,000	21,770,588,000	21,293,915,000	19,131,509,000	18,213,354,000	18,224,842,000	18,058,251,000	15,121,228,000	15,203,212,000	15,611,652,000	13,606,422,000	14,759,430,000	14,830,771,000	14,882,877,000	12,865,744,000	12,470,920,000	12,659,166,000	12,850,350,000	11,832,132,000	12,053,610,000	12,332,360,000	11,509,172,000	9,936,885,000				8,620,155,000	8,342,269,000
premiums receivable												332,052,000	379,981,000	420,944,000	405,793,000	450,977,000	541,450,000	631,447,000	577,528,000	651,301,000	719,979,000	574,419,000	573,773,000	535,041,000	425,702,000	413,300,000	443,201,000	430,023,000	406,676,000	404,109,000	416,354,000	418,407,000	381,412,000	513,276,000	414,978,000	438,511,000	391,008,000	405,209,000	415,942,000	136,865,000	111,748,000	153,623,000	46,017,000	81,080,000
variable interest entity assets of the inre fund												1,130,274,000	2,913,522,000
cash and restricted cash												696,505,000	1,002,537,000
investments												396,984,000	1,393,134,000
assets held-for-sale															711,278,000	2,156,488,000
variable interest entity liabilities of the inre fund												682,548,000	693,810,000
liabilities held-for-sale															483,657,000	1,653,343,000
accumulated other comprehensive income												4,516,000	33,077,000	-17,715,000	80,659,000	61,873,000	51,285,000	-34,656,000	5,490,000	9,196,000	13,279,000	9,170,000	10,604,000	11,403,000	10,468,000									-35,507,000	-21,473,000	-30,025,000	-12,686,000	3,980,000	18,870,000	14,538,000	13,978,000	14,676,000	6,529,000	21,678,000	24,439,000	27,283,000	26,380,000	30,875,000	27,096,000	25,453,000	50,336,000	41,920,000	35,017,000	33,743,000	-6,416,000	11,375,000	8,709,000	-9,667,000			-30,871,000	-7,432,000	6,117,000	5,785,000	7,188,000	5,207,000	5,205,000	4,565,000
losses and loss adjustment expenses, fair value															2,452,920,000										1,794,669,000
deferred tax assets																157,827,000	155,245,000	171,729,000	8,231,000	8,737,000	9,062,000	13,782,000	13,230,000	13,429,000	13,001,000	14,189,000	13,988,000	12,436,000	11,374,000	112,983,000	116,047,000	118,459,000	121,035,000	54,465,000	54,092,000	51,577,000	50,506,000	34,278,000	34,178,000	32,089,000	34,295,000
deferred acquisition costs																52,899,000	93,256,000	162,135,000	180,025,000	178,208,000	195,733,000	125,132,000	128,781,000	83,541,000	64,984,000	75,117,000	76,643,000	72,088,000	58,114,000	103,064,000	101,227,000	98,740,000	89,123,000	112,806,000	105,619,000	97,347,000	61,706,000	36,172,000	37,610,000
goodwill and intangible assets																62,959,000	178,552,000	215,960,000	217,049,000	217,595,000	218,160,000	219,295,000	219,865,000	179,363,000	180,589,000	181,831,000	182,504,000	183,685,000	184,855,000	186,343,000	187,555,000	187,888,000	191,304,000	192,752,000	198,155,000	199,809,000	201,150,000	202,986,000	204,952,000	149,394,000	150,071,000
unearned premiums																335,336,000	513,308,000	760,307,000	805,981,000	890,459,000	951,042,000	743,024,000	754,046,000	712,170,000	583,197,000	568,673,000	588,082,000	578,951,000	548,343,000	549,552,000	576,970,000	567,453,000	542,771,000	540,735,000	580,636,000	592,172,000	468,626,000	439,862,000	475,995,000
deferred tax liabilities																6,493,000	16,559,000	11,434,000	9,150,000	9,118,000	9,204,000	14,942,000	14,983,000	14,807,000	15,262,000	22,339,000	22,393,000	23,265,000	28,356,000	93,936,000	94,676,000	92,846,000	92,588,000	38,550,000	41,086,000	41,058,000	43,958,000	48,838,000	47,178,000	48,142,000	53,328,000	7,260,000	8,520,000
assets held for sale																	1,514,902,000								24,351,000	1,222,306,000	1,262,756,000	1,237,189,000	1,244,456,000
liabilities held for sale																	1,237,595,000								11,271,000	1,126,270,000	1,142,560,000	1,142,247,000	1,150,787,000
prepaid reinsurance premiums																			172,672,000	192,917,000	208,558,000	191,669,000	196,052,000	295,988,000	245,101,000	243,470,000	247,901,000	234,107,000	219,115,000	129,921,000	145,184,000	143,868,000	121,427,000	130,271,000	145,485,000	160,208,000	114,197,000	140,453,000	155,892,000
reinsurance balances recoverable																			1,533,534,000	1,500,188,000	1,551,190,000	1,183,003,000	1,157,438,000	1,479,960,000	1,478,806,000	1,569,757,000	1,477,433,000	1,450,865,000	1,460,743,000	1,278,988,000	1,345,115,000	1,402,216,000	1,474,004,000	1,571,560,000	1,613,622,000	1,787,299,000	1,331,555,000	1,479,267,000	1,527,221,000	1,256,230,000	1,363,819,000	1,395,345,000	1,178,884,000	1,190,531,000	1,122,919,000	1,246,307,000	1,407,013,000
reinsurance balances recoverable, at fair value																			731,904,000	743,304,000	735,257,000	792,553,000	837,373,000	888,736,000		545,748,000	554,759,000	551,253,000
policy benefits for life and annuity contracts																					100,682,000	107,466,000	108,963,000	116,849,000	117,207,000	118,615,000	114,727,000	111,709,000	112,095,000	1,280,008,000	1,286,276,000	1,299,123,000	1,304,697,000	1,196,343,000	1,206,131,000	1,210,214,000	1,220,864,000	1,228,643,000	1,241,856,000	1,255,264,000	1,273,100,000	1,288,148,000	1,293,270,000	1,255,632,000
total enstar group limited shareholders’ equity																			4,637,800,000	4,514,830,000	4,267,712,000	3,905,364,000	3,917,421,000	3,100,035,000	3,136,684,000	3,021,345,000	2,962,225,000	2,864,866,000	2,802,312,000	2,777,454,000	2,615,814,000	2,577,764,000	2,516,872,000	2,438,074,000	2,398,810,000	2,334,175,000	2,304,850,000	2,214,258,000	2,199,810,000	1,786,558,000	1,755,523,000	1,617,883,000	1,568,877,000	1,563,932,000	1,553,755,000	1,487,274,000	1,437,813,000	1,400,739,000	1,386,066,000	1,072,694,000	1,084,678,000	959,715,000	948,421,000	883,221,000	821,433,000	826,238,000	801,881,000	700,757,000	656,948,000	622,327,000
equities, trading, at fair value																						130,314,000	130,404,000	140,476,000	106,603,000	109,650,000	106,240,000	106,337,000	95,047,000	120,350,000	117,293,000	118,260,000	115,941,000	123,739,000	129,276,000	172,083,000	150,130,000	134,398,000	147,142,000	158,674,000	182,033,000	145,723,000	146,227,000	131,394,000	114,588,000	101,072,000	97,779,000	96,060,000	89,981,000	81,535,000	65,890,000	63,655,000	60,082,000	71,613,000	41,722,000	30,934,000	24,503,000	18,689,000	24,699,000	9,568,000	3,747,000	4,545,000	4,610,000	4,615,000
other investments, at cost																								117,889,000	125,621,000	127,562,000	128,296,000	133,127,000	131,651,000	129,431,000	129,636,000	131,168,000	133,071,000	136,069,000	140,375,000
share capital authorized, issued and fully paid, par value 1 each
non-voting convertible ordinary shares:
series c																								2,600,000	2,600,000	2,600,000	2,600,000	2,600,000	2,792,000	2,726,000	2,726,000	2,726,000	2,726,000	2,726,000	2,726,000	2,726,000	2,726,000	2,726,000	2,726,000	2,726,000	2,726,000
series e																								405,000	405,000	405,000	405,000	405,000	405,000	405,000	405,000	405,000	405,000	405,000	702,000	714,000	714,000	714,000	714,000
treasury shares at cost																								-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000		-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000		-421,559,000	-421,559,000			-421,559,000	-421,559,000
reinsurance balances recoverable, fair value																									542,224,000
loans payable																													673,603,000	570,618,000	614,030,000	580,614,000	600,250,000	730,720,000	650,507,000	429,998,000	320,041,000	320,233,000	386,212,000	485,239,000	452,446,000	355,663,000	347,903,000	346,970,000	107,430,000	127,158,000	126,312,000	243,101,000	242,710,000	314,569,000	205,636,000	204,430,000	245,278,000	207,177,000	270,919,000	254,541,000	254,961,000	319,162,000	354,757,000	392,684,000	391,534,000	291,954,000	326,443,000	329,963,000	87,322,000	70,942,000	71,745,000	62,148,000
series a																																2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000
fixed maturities, held-to-maturity, at amortized cost																														762,602,000	770,655,000	788,190,000	790,866,000	798,570,000	802,595,000	805,298,000	813,233,000	845,610,000	853,235,000		859,387,000	870,454,000	873,425,000												1,340,764,000	1,244,536,000			793,036,000	664,978,000
share capital:
authorized, issued and fully paid, par value 1 each																																							15,747,000	13,847,000
accounts receivable																																			169,434,000	119,890,000	79,237,000	83,608,000	115,688,000	64,690,000	75,351,000	59,745,000	51,820,000	35,430,000	15,399,000	21,179,000	31,814,000	21,454,000	50,258,000	24,627,000	17,928,000	20,208,000	24,790,000	12,756,000	58,868,000	50,498,000	17,657,000	18,116,000	19,649,000	16,225,000	15,992,000	18,003,000	38,292,000	35,094,000	12,924,000	11,284,000	13,451,000	17,758,000
income taxes recoverable																																			5,279,000	6,465,000	11,510,000	5,633,000	9,480,000	5,531,000	5,481,000	11,718,000	11,478,000	4,388,000	11,302,000	11,493,000	12,254,000	11,702,000	10,559,000	12,186,000	6,357,000	6,458,000	7,968,000	7,274,000	6,990,000	3,057,000	3,277,000	1,332,000	983,000	711,000					373,000
accounts payable and accrued liabilities																																			241,781,000	168,690,000	126,721,000	99,379,000	103,837,000	113,888,000	97,103,000	74,587,000	63,571,000	83,562,000	73,258,000	91,406,000	121,913,000	97,181,000	75,983,000	49,225,000	41,998,000	41,168,000	94,390,000	54,275,000	35,609,000	43,783,000	60,878,000	86,160,000	38,705,000	27,132,000	39,340,000	33,669,000	20,729,000	25,597,000	16,206,000	11,659,000	26,937,000	29,191,000
income taxes payable																																			25,487,000	18,961,000	22,450,000	20,732,000	28,247,000	21,377,000	23,721,000	19,635,000	19,854,000	27,978,000	23,023,000	16,682,000	9,645,000	18,638,000	16,985,000	6,160,000	5,455,000	28,498,000	50,075,000	26,339,000	23,022,000	37,432,000	51,854,000	27,226,000	24,091,000	14,456,000	19,034,000	3,356,000	11,293,000	921,000		126,000	631,000	1,542,000
commitments and contingencies redeemable noncontrolling interest																																			395,030,000	383,186,000		365,631,000	353,713,000	361,333,000
share capital
fixed maturity investments, trading, at fair value																																								3,433,007,000
fixed maturity investments, held-to-maturity, at amortized cost																																								856,218,000
fixed maturity investments, available-for-sale, at fair value																																								228,386,000
unearned premium																																								75,848,000	70,698,000	34,136,000	52,056,000	81,935,000
short-term investments, held-to-maturity, at amortized cost																																										10,111,000	10,135,000												90,084,000	260,672,000
deferred tax asset																																										41,478,000	41,711,000
goodwill																																										21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000	21,222,000
series b, c and d																																										2,726,000	2,726,000	2,726,000	2,726,000	2,726,000	2,726,000	2,726,000	2,726,000	750,000	750,000
treasury shares at cost (series a non-voting convertible ordinary shares 2013:
2,972,892; 2012: 2,972,892)																																												-421,559,000
reinsurance balances payable																																													143,123,000	183,059,000	162,838,000	174,746,000	208,540,000	203,383,000	224,266,000	191,434,000	231,435,000	235,017,000	189,023,000	180,555,000	162,576,000	183,638,000	205,603,000	208,563,000	179,917,000	164,040,000	155,219,000	226,949,000	224,944,000	218,938,000	240,681,000	62,831,000
reinsurance balances receivable																																																1,641,308,000	1,789,582,000	1,939,300,000	1,004,111,000	1,006,627,000	961,442,000	914,441,000	756,081,000	839,452,000	638,262,000	660,189,000	699,633,000	726,257,000	672,696,000	601,665,000	597,522,000	758,659,000	512,412,000	493,064,000	529,629,000	408,142,000
fixed maturities, available-for-sale, at fair value (amortized cost: 2011 — 702,842;
2010 — 1,068,540)																																																		716,656,000
non-voting convertible ordinary shares																																																				2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000		2,973,000	2,973,000	2,973,000	2,973,000	2,973,000	2,973,000
investment in partly owned company																																																								28,000,000	20,850,000	21,314,000	21,119,000	21,119,000	20,850,000
authorized issued and fully paid, par value 1 each																																																																	11,920,000	11,920,000	11,854,000
authorized issued and fully paid, par value 1 each (authorized 2010:
156,000,000; 2009: 156,000,000)
treasury stock																																																						-421,559,000				-421,559,000				-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000	-421,559,000
short-term investments, available for sale, at fair value																																																									45,206,000	196,424,000			406,712,000	42,520,000	38,944,000					279,137,000
short-term investments, held to maturity, at amortized cost																																																									159,210,000	202,115,000
fixed maturities, available for sale, at fair value																																																									69,892,000	78,326,000			104,797,000	365,213,000	474,565,000	516,056,000
fixed maturities, held to maturity, at amortized cost																																																									1,152,330,000	1,062,057,000			586,716,000	95,163,000	110,562,000	152,785,000		312,435,000	320,019,000	332,750,000
authorized issued and fully paid, par value 1 each (authorized 2009:156,000,000; 2008:
156,000,000)
treasury shares at cost (non-voting convertible ordinary shares 2009: 2,972,892; 2008:
2,972,892)																																																									-421,559,000				2,973,000
authorized issued and fully paid, par value 1 each (authorized 2009:
156,000,000; 2008: 156,000,000)
minority interest																																																													256,022,000	198,786,000	174,405,000	168,106,000	62,534,000	59,935,000	57,768,000	55,520,000
non-voting convertible ordinary shares (issued 2008: 2,972,892; 2007:
treasury shares at cost (non-voting convertible ordinary shares 2008:
2,972,892; 2007: 2,972,892)																																																													-421,559,000
investment in partly-owned company																																																														21,387,000	21,431,000					17,998,000
short-term investments, available for sale, at fair value (amortized cost:
2008 — 111,058; 2007 — 15,480)																																																																111,049,000
short-term investments and fixed maturities, available for sale, at fair value																																																																	175,452,000	242,803,000	310,409,000
fixed maturities, held to maturity, at amortized cost (fair value:
2007 — 238,879; 2006 — 328,183)																																																																	240,550,000
fixed maturities, trading, at fair value (amortized cost:
2007 — 297,202; 2006 — 93,581)																																																																	299,521,000
total liablities																																																																		1,984,731,000
shareholder’s equity
fixed maturities, trading securities, at fair value																																																																			311,558,000	93,221,000
ordinary non-voting redeemable shares
deferred compensation

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-03-31	2007-03-31

operating activities:
net income	59,000,000	161,000,000	136,000,000	128,000,000
adjustments to reconcile net income to cash flows from operating activities:
realized losses on investments	2,000,000		9,000,000	6,000,000	-340,000,000	14,000,000	-17,000,000	36,000,000
fair value changes in trading securities, funds held and other investments	-43,000,000	-229,000,000	-86,000,000	-85,000,000
amortization of net deferred charge assets	30,000,000	27,000,000	29,000,000	30,000,000	31,000,000	34,000,000	24,000,000	17,000,000
depreciation, accretion and other amortization	-2,000,000	-1,000,000	-2,000,000	-5,000,000
(income) income from equity method investments	-4,000,000
other adjustments		-8,000,000	15,000,000	-3,000,000	16,000,000	-1,000,000	16,000,000	-26,000,000
changes in:
reinsurance balances recoverable on paid and unpaid losses	-4,000,000	50,000,000	119,000,000	57,000,000	-3,000,000	141,000,000	68,000,000	-64,000,000	96,000,000	90,000,000	143,000,000	6,264,000	73,603,000	38,392,000	-214,262,000	181,462,000	26,967,000	57,860,000
losses and loss adjustment expenses	-325,000,000	15,000,000	-364,000,000	-803,000,000	-614,000,000	-869,000,000	1,423,000,000	-564,000,000	-754,000,000	1,198,000,000	-728,000,000	17,952,000	1,610,284,000	836,782,000	305,004,000	-43,584,000	724,283,000	16,817,000	207,867,000	-261,040,000	685,834,000	-105,907,000	-377,900,000	1,587,609,000	-227,732,000	-55,957,000	-122,512,000	1,769,233,000	1,038,630,000	-399,180,000	-214,644,000	-165,467,000	-712,532,000	-119,079,000	-154,572,000	-34,221,000	-336,846,000	-266,460,000	-182,971,000	-180,986,000	-392,018,000	-111,391,000	-103,501,000	-99,970,000	22,342,000	-172,840,000	-327,022,000	-145,654,000	-464,373,000	-168,811,000	-132,429,000	90,505,000	145,230,000	-321,198,000	-118,622,000	-56,682,000	-7,876,000	520,829,000	-18,346,000
defendant asbestos and environmental liabilities	-16,000,000	-18,000,000	-15,000,000	-11,000,000	-5,000,000	-15,000,000	-9,000,000	-11,000,000	-3,000,000	-11,000,000	-7,000,000	-17,998,000	-13,638,000	-14,772,000	-47,708,000	-54,025,000	-14,654,000	-24,969,000
insurance and reinsurance balances payable		16,000,000	-75,000,000	64,000,000	-187,000,000	133,000,000	22,000,000	9,000,000	-50,000,000	-60,000,000	12,000,000	-93,814,000	-26,275,000	120,513,000	-85,713,000	19,472,000	74,193,000	78,693,000	-48,737,000	-28,731,000	67,653,000	27,064,000	-2,089,000	119,830,000	-17,385,000	-216,246,000	39,382,000	36,508,000	125,480,000	-46,438,000	31,266,000	10,207,000	-82,003,000	26,690,000	13,273,000	20,555,000	-109,553,000	49,930,000	-70,134,000	-57,421,000	-134,259,000	-11,171,000	-18,393,000	-2,073,000
other operating assets and liabilities	50,000,000	185,000,000	-188,000,000	16,000,000	-182,000,000	-2,000,000	-124,000,000	-45,000,000	-4,000,000	-69,000,000	-117,000,000	-130,757,000	-35,875,000	-219,133,000	201,915,000	155,235,000	154,376,000	-122,039,000	-32,615,000	-18,524,000	19,441,000	48,935,000	-219,087,000	-200,224,000	45,303,000	214,467,000	-7,447,000	8,345,000	-275,285,000	255,218,000	-89,613,000	-41,388,000	126,811,000
funds held	320,000,000	237,000,000	97,000,000	367,000,000
cash from operating activities:
sales and maturities of trading securities	89,000,000	147,000,000	268,000,000	177,000,000	83,000,000	561,000,000	514,000,000	372,000,000	932,000,000	1,413,000,000	779,000,000	2,022,623,000	2,651,704,000	615,466,000	1,013,090,000	613,150,000	1,365,212,000	800,631,000	1,706,363,000	1,299,041,000	1,486,423,000	1,397,178,000	1,118,803,000	864,352,000	1,631,439,000	1,886,057,000	1,148,579,000	1,076,770,000	1,108,228,000	631,764,000	1,011,206,000	655,590,000	1,223,013,000	1,020,791,000	742,371,000	926,919,000	672,180,000	602,710,000	1,062,912,000	636,516,000	616,568,000	620,312,000	648,966,000	793,980,000	759,357,000	583,364,000	570,845,000	555,018,000	470,512,000	362,164,000	256,488,000	374,473,000
purchases of trading securities	-13,000,000	-16,000,000	-51,000,000	-111,000,000				-62,000,000	-131,000,000	-450,000,000	-970,000,000	-665,001,000	-1,397,363,000	-634,492,000	-608,209,000	-355,198,000	-891,132,000	-284,860,000	-1,229,724,000	-1,453,552,000	-1,379,411,000	-1,247,012,000	-1,162,477,000	-1,672,449,000	-1,412,385,000	-1,994,815,000	-1,341,623,000	-2,275,239,000	-828,588,000	-656,628,000	-882,484,000	-732,815,000	-1,074,533,000	-889,984,000	-1,111,743,000	-1,187,652,000	-501,740,000	-396,936,000	-630,302,000	-558,633,000	-456,393,000	-729,667,000	-737,342,000	-790,179,000	-610,911,000	-688,677,000	-711,691,000	-607,978,000	-622,732,000	-555,322,000	-325,892,000	-654,563,000	-127,351,000
net cash flows from operating activities	143,000,000	628,000,000	-100,000,000	-168,000,000	220,000,000	-134,000,000	367,000,000	70,000,000	457,000,000	526,000,000	-643,000,000	1,502,887,000	1,546,156,000	808,860,000	682,336,000	1,254,869,000	691,049,000	158,112,000	544,563,000	-11,467,000	107,138,000											-162,088,000	-201,907,000	-59,406,000			59,794,000	113,628,000	355,269,000	-31,072,000				10,592,000									-142,890,000	-222,315,000	-4,871,000	26,045,000	3,086,000	374,388,000	123,635,000
investing activities:
sales and maturities of available-for-sale securities	618,000,000	506,000,000	452,000,000	529,000,000	561,000,000	375,000,000	460,000,000	736,000,000	481,000,000	310,000,000	913,000,000	1,027,809,000	661,246,000	834,672,000	585,746,000	517,014,000	691,721,000	465,065,000	14,776,000	84,697,000	5,839,000	4,777,000	21,412,000	22,700,000	26,157,000	14,270,000	21,208,000	24,724,000	16,731,000	9,422,000	29,597,000	25,846,000	29,696,000	15,395,000	48,492,000	49,241,000	11,866,000	19,347,000	19,729,000	59,238,000	15,441,000	20,923,000	100,512,000	59,631,000	57,376,000	112,928,000	93,333,000	90,276,000	112,492,000	70,583,000	160,868,000	101,109,000	40,993,000	198,402,000	241,790,000	151,231,000	96,757,000	21,089,000	113,084,000
purchase of available-for-sale securities	-975,000,000	-720,000,000	-368,000,000	-345,000,000	-370,000,000	-386,000,000	-614,000,000	-589,000,000	-457,000,000	-446,000,000	-811,000,000	-891,623,000	-1,575,763,000	-1,875,753,000	-1,055,709,000	-1,366,161,000	-980,872,000	-778,151,000	-370,317,000	0	-147,000	-1,159,000	-4,187,000	-5,039,000	-12,283,000	-2,403,000	7,026,000	-7,188,000	297,000	-5,067,000	-44,216,000	-3,582,000	-37,178,000	-16,488,000	-24,064,000	-24,484,000	-20,302,000	-26,297,000	-17,718,000	-53,307,000														21,419,000	-6,423,000	-19,534,000	-218,353,000	-163,267,000	-33,231,000
purchase of other investments	-166,000,000	-327,000,000	-102,000,000	-244,000,000	-301,000,000	-232,000,000	-255,000,000	-123,000,000	-212,000,000	-455,000,000	-712,000,000	-314,610,000	-131,408,000	-176,021,000	-162,438,000	-155,829,000	-495,943,000	-160,814,000	-447,288,000	-60,224,000	-225,961,000	-321,980,000	-186,474,000	-275,862,000	-11,682,000	-30,687,000	-29,279,000	-38,237,000	-21,796,000	-29,131,000	-22,393,000	-17,773,000	-166,020,000	-55,753,000	-54,516,000	-78,895,000
proceeds from other investments	202,000,000	205,000,000	107,000,000	161,000,000	106,000,000	71,000,000	284,000,000	69,000,000	54,000,000	136,000,000	129,000,000	118,209,000	73,709,000	62,025,000	312,346,000	145,738,000	50,872,000	85,720,000	375,524,000	26,868,000	58,980,000
other		0	0	1,000,000					12,000,000	14,000,000	3,000,000
net cash flows from investing activities	-321,000,000		109,000,000	102,000,000				94,000,000														-306,351,000	125,228,000	-230,229,000	129,058,000	43,008,000	77,552,000	43,644,000	-64,429,000	39,814,000	78,398,000	102,926,000	135,033,000	91,881,000	115,205,000	144,948,000					-102,220,000	-8,680,000			31,218,000	50,510,000	171,937,000	-25,034,000	195,960,000	109,870,000	201,664,000	184,429,000		262,654,000				-243,151,000	77,127,000
financing activities:
dividends on preferred shares	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-9,000,000	-8,925,000	-8,925,000	-8,925,000	-8,925,000	-8,925,000	-8,925,000	-8,925,000	-8,925,000	-8,925,000	-9,139,000
issuance of debt, net of issuance costs	345,000,000								0	1,000,000	493,000,000
repayment of debt	-233,000,000								0	0	-280,000,000
net cash flows from financing activities	103,000,000						-184,000,000	-349,000,000		-129,000,000	162,000,000	-636,226,000	-16,767,000	-23,150,000	-85,217,000	-117,001,000	-8,925,000	328,549,000	-296,127,000	372,908,000	232,861,000	-50,200,000	-26,973,000	212,511,000			-122,958,000	56,100,000	115,643,000	-45,750,000	34,048,000	-20,500,000	-129,000,000	-79,328,000	228,675,000	109,000,000	-6,084,000	-79,434,000	-78,696,000	295,800,000	157,041,000	40,775,000	0	225,260,000	-91,677,000	0			102,914,000	106,718,000				-71,457,000	-53,693,000	-55,425,000	-19,109,000	354,222,000	9,601,000
effect of exchange rate changes on foreign currency cash and cash equivalents and restricted cash	2,000,000
net decrease in cash and cash equivalents and restricted cash	-73,000,000
cash, cash equivalents and restricted cash, beginning of period	1,554,000,000	0	0	830,000,000		0	0	1,330,000,000	0	0	2,092,000,000
cash, cash equivalents and restricted cash, end of period	1,481,000,000	284,000,000	-8,000,000	760,000,000		-302,000,000	43,000,000	1,143,000,000	271,000,000	-49,000,000	1,135,000,000
realized (gains) losses on investments
goodwill impairment
net gain on enhanzed re novation					0	0	0	-275,000,000
loss (income) from equity method investments		16,000,000	8,000,000	5,000,000
cash consideration for the enhanzed re novation					0	0	0	94,000,000
proceeds from the sale of equity method investments		0
net cash flows used in investing activities					45,000,000	-162,000,000			-130,000,000	-453,000,000	-481,000,000	-265,596,000	-397,801,000	-1,387,346,000	-324,402,000	-854,895,000	-767,959,000	-388,180,000	-425,237,000	19,204,000	-173,007,000																	-126,364,000	105,465,000	-263,779,000				-270,675,000									-75,209,000				-283,098,000
repurchase of shares					-191,000,000	0	0	-340,000,000	0	-121,000,000	-42,000,000	-878,640,000	-7,208,000	-4,225,000	-616,000	-12,864,000	0	-12,526,000																																									-16,762,000
acquisition of noncontrolling interest		0
net cash flows used in financing activities		-9,000,000	-16,000,000	-8,000,000																																												-11,250,000				-56,700,000	-6,010,000
effect of exchange rate changes on foreign currency cash and cash equivalents		1,000,000	-1,000,000	4,000,000		3,000,000	-15,000,000	-2,000,000	8,000,000	7,000,000	5,000,000	1,336,000	1,514,000	1,013,000		-2,799,000	-2,191,000	6,717,000	-6,071,000	-2,511,000	-3,925,000	-2,538,000	-12,289,000	15,059,000		5,656,000	10,911,000	-10,275,000		-4,034,000	-3,409,000	3,790,000			9,218,000	-15,444,000	-4,503,000	-14,370,000	294,000	1,033,000	5,247,000	-14,255,000	-17,230,000	20,289,000
net increase in cash and cash equivalents									271,000,000			602,401,000	1,133,102,000	-600,623,000		259,439,000	-88,026,000	105,198,000	-182,872,000	378,134,000	163,067,000									-31,807,000	54,793,000	-75,872,000	-204,127,000	-50,907,000	94,458,000	19,099,000	41,787,000	-106,540,000	382,332,000	1,982,000																		485,458,000	210,409,000
cash from/(to) operating activities:
dividends paid to redeemable noncontrolling interest
net decrease in cash and cash equivalents			-8,000,000	-70,000,000		-302,000,000	43,000,000	-187,000,000			-957,000,000											-155,584,000	47,630,000	-76,873,000		-161,714,000	-202,905,000	-4,670,000														-96,337,000	-23,459,000	-14,534,000		-28,528,000	-119,932,000	-57,659,000		2,853,000	129,338,000	-168,768,000	-204,520,000
cash from/to operating activities:
other investing activities				1,000,000	1,000,000	10,000,000	0	1,000,000	4,000,000			197,000			-2,700,000	4,580,000			-731,000	-1,768,000	-1,956,000	-314,000	-3,537,000	-4,304,000	-6,786,000	-7,123,000	-4,727,000	-4,981,000	-5,148,000	-1,096,000	-378,000	-1,219,000	1,429,000	-933,000	-1,783,000	-233,000	-205,000	846,000	226,000	-235,000	2,117,000	-283,000	178,000	120,000	-153,000	-182,000	-21,000	-433,000	3,313,000	15,000	-154,000	-143,000	-2,000	-392,000	-346,000	-1,237,000	-477,000	-37,000	-127,000
cash flows from operating activities:
unrealized (gains) losses on investments					86,000,000	-20,000,000	44,000,000	-224,000,000
depreciation and other amortization					8,000,000	-4,000,000	0	3,000,000	7,000,000	14,000,000	17,000,000	18,397,000	20,227,000	17,778,000	17,360,000	12,204,000	18,613,000	11,393,000	8,851,000	8,048,000	7,900,000	7,683,000	10,890,000	6,703,000	3,536,000	10,128,000	9,495,000	9,302,000	-511,000	11,129,000	10,691,000	13,629,000	12,500,000
(income) losses from equity method investments
payments to cover securities sold short												-331,278,000
proceeds from securities sold short												215,685,000
net payments for derivative contracts												11,641,000
net gain on purchase and sales of subsidiaries
cash flows from investing activities:
acquisition, net of cash acquired																																																											22,899,000
sales of subsidiaries, net of cash previously held
sale of equity method investments
consolidation of the inre fund opening cash and restricted cash balances												0
cash flows from financing activities:
dividends paid to noncontrolling interests
acquisition of noncontrolling and redeemable noncontrolling shareholders’ interests in subsidiaries
effect of exchange rate changes on foreign currency cash, cash equivalents and restricted cash
net increase in cash, cash equivalents and restricted cash
cash, cash equivalents and restricted cash, beginning of year
net change in cash of businesses held-for-sale
cash, cash equivalents and restricted cash, end of year
net earnings						51,000,000	39,000,000	519,000,000	-478,000,000	-526,000,000	-262,000,000	-187,622,000	389,306,000	202,913,000	834,655,000	645,850,000	787,486,000	-540,618,000	126,559,000	238,054,000	365,742,000	-22,321,000	-145,000	-40,428,000	133,805,000	24,161,000	101,728,000	72,105,000	29,650,000	170,377,000	49,781,000	54,605,000	92,641,000	46,001,000	18,207,000	53,492,000	118,318,000	21,197,000	54,309,000	33,412,000	142,183,000	43,456,000	25,198,000	12,985,000	79,770,000	55,493,000	40,849,000	15,407,000	166,322,000	22,048,000	15,014,000	5,074,000	17,616,000	101,421,000	45,468,000	19,280,000	10,839,000	11,687,000	13,374,000
adjustments to reconcile net earnings to cash flows from operating activities:
earnings from equity method investments						3,000,000	-14,000,000	-11,000,000	20,000,000	-1,000,000	-31,000,000	14,147,000	3,059,000	-118,031,000	-85,844,000	-149,065,000	8,790,000	-12,450,000	-17,703,000	-17,713,000	-8,772,000
purchases of trading securities and funds held - directly managed						-394,000,000
funds held by reinsured companies						234,000,000	153,000,000	302,000,000	228,000,000	-1,715,000,000	100,000,000	5,588,000	-1,539,313,000	-26,826,000	19,537,000	779,014,000	-572,217,000	-418,647,000	-3,762,000	530,231,000	-598,471,000	18,117,000	502,362,000	-636,367,000	-71,600,000	5,942,000	8,350,000	-221,277,000	-1,017,566,000	50,204,000	4,238,000	-4,255,000	9,569,000	4,247,000	2,221,000	18,552,000	15,672,000	-3,472,000	65,404,000	36,167,000
acquisition of noncontrolling shareholders’ interest in subsidiary						0
realized losses (gains) on sales of investments
unrealized losses (gains) on investments									546,000,000									636,394,000	-116,999,000	-243,587,000	-460,521,000	46,781,000	37,689,000	106,128,000								-39,381,000
net gain on sales of subsidiaries
variable interest entity assets and liabilities of the inre fund												347,262,000
net change in cash of businesses held for sale												0	0	223,200,000
realized losses on sales of investments										38,000,000	37,000,000
supplemental cash flow information:
unrealized losses on investments											381,000,000			26,927,000
income taxes paid, net of refunds											4,000,000	2,183,000	3,582,000	1,564,000	9,159,000	420,000	8,854,000	6,596,000	-792,000	564,000	9,000	2,340,000	11,467,000	2,461,000	2,085,000	4,569,000	2,621,000	3,917,000	4,698,000	1,688,000	5,143,000	10,687,000	8,186,000
interest paid											24,000,000	19,582,000	12,311,000	19,097,000	13,500,000	10,492,000	17,036,000	9,747,000	12,496,000	7,031,000	14,215,000	8,371,000	5,717,000	10,530,000	3,444,000	9,084,000	2,574,000	6,385,000	5,116,000	3,757,000	6,044,000	4,534,000	5,940,000	5,503,000	3,949,000	4,003,000	2,541,000	3,353,000	4,307,000	5,929,000	1,788,000	3,509,000	2,209,000	1,608,000	3,599,000	867,000	2,972,000	1,717,000	589,000	2,511,000	1,617,000	2,231,000	3,687,000	1,149,000	3,805,000	10,127,000	-3,235,000	-1,609,000
reconciliation to condensed consolidated balance sheets:
cash and cash equivalents											763,000,000	817,799,000	207,031,000	562,328,000	260,551,000	-11,254,000	-164,023,000	815,878,000	-240,877,000	355,435,000	718,050,000	-266,290,000	166,882,000	652,827,000	330,699,000	-56,617,000	-240,494,000	921,562,000
restricted cash and cash equivalents											372,000,000	90,634,000	-76,466,000	433,365,000	-84,757,000	220,055,000	-8,431,000	345,097,000	58,005,000	22,699,000	427,601,000	110,706,000	-119,252,000	483,136,000	-67,219,000	-98,778,000
cash, cash equivalents and restricted cash											1,135,000,000	602,401,000	1,133,102,000	995,693,000	175,794,000	208,801,000	-172,454,000	1,160,975,000	-182,872,000	378,134,000	1,145,651,000	-155,584,000	47,630,000	1,135,963,000	263,480,000	-155,395,000	-209,224,000	1,313,975,000
net earnings from discontinued operations, net of income taxes															-15,441,000
realized gains on sales of investments												-315,770,000
premiums receivable												47,929,000	40,963,000	-17,487,000	42,276,000	30,989,000	4,528,000	-54,467,000	73,774,000	68,682,000	67,489,000
sales of subsidiaries, net of cash sold												0
purchase of equity method investments															0	0			2,799,000	-31,440,000	-9,762,000
dividends paid to noncontrolling interest												0							0						0	0							-16,128,000	6,700,000			-4,200,000				-2,168,000	0	0	-1,740,000	-50,002,000	0	-7,735,000	-11,250,000					-6,010,000
receipt of loans												795,895,000	0	20,000,000	-276,000	494,788,000	0	364,000,000	20,002,000	706,806,000	344,000,000	66,953,000	28,669,000	345,400,000	340,000,000	45,000,000	52,000,000	437,100,000	417,000,000	0			120,000,000	163,000,000	265,700,000	109,000,000	0	0	0	70,000,000	95,000,000	47,800,000	0	227,000,000					0	106,500,000								307,813,000	26,825,000
repayment of loans												-544,556,000	0	-30,000,000	-75,000,000	-590,000,000	0	-14,000,000	-307,204,000	-313,370,000	-102,000,000	-111,757,000	-445,124,000	-132,938,000	-347,937,000	-35,703,000	-147,500,000	-381,000,000	-307,000,000	-45,750,000	-120,000,000	-20,500,000	-249,000,000	-82,500,000			0	-65,995,000	-98,250,000	-35,000,000	0				-18,666,000	0			-70,442,000	0	-166,516,000	-40,500,000		-65,645,000	-40,274,000			-39,800,000	-462,000
discontinued operations cash flows:
net cash flows from discontinued operations															-1,261,000
cash and cash equivalents, beginning of period												0	0	1,373,116,000		0	-84,428,000	1,055,777,000	0	0	982,584,000	0	0	1,212,836,000		0	0	1,318,645,000		0	0	821,925,000		0	0	963,402,000		0	0	643,841,000		0	0	654,890,000		0	0	850,474,000		0	0	799,154,000	1,266,445,000		0	0	1,866,546,000	995,237,000	450,817,000
cash and cash equivalents, end of period												602,401,000	1,133,102,000	995,693,000		208,801,000	-172,454,000	1,160,975,000	-182,872,000	378,134,000	1,145,651,000	-155,584,000	47,630,000	1,135,963,000		-155,395,000	-209,224,000	1,313,975,000		-31,807,000	54,793,000	746,053,000		-50,907,000	94,458,000	982,501,000		-106,540,000	382,332,000	645,823,000		-96,337,000	-23,459,000	640,356,000		-28,528,000	-119,932,000	792,815,000		2,853,000	129,338,000	630,386,000	1,061,925,000		-248,081,000	-15,887,000	1,564,053,000	1,480,695,000	661,226,000
cash and restricted cash and cash equivalents of the inre fund												-306,032,000
net income from discontinued operations, net of income taxes
unrealized gains on investments																-446,517,000
other non-cash items													8,411,000	1,863,000	2,395,000	9,765,000	8,322,000	2,760,000	7,911,000	13,500,000	4,687,000	2,352,000	4,263,000	6,363,000	4,946,000	5,192,000	4,127,000	1,225,000	3,359,000	1,396,000	2,758,000	1,053,000	-145,000
dividends from equity method investments
realized gains on sale of investments														-6,139,000		-53,488,000	-59,488,000	-1,918,000
net gain on sale of subsidiaries														-14,894,000
sale of subsidiaries, net of cash sold														-232,269,000
reconciliation to consolidated balance sheets:
realized losses (gains) on sale of investments																			-31,186,000	-26,124,000	-270,000	8,133,000	1,587,000	6,074,000								1,417,000
acquisitions, net of cash acquired																			0			-3,340,000			-3,515,000				-28,378,000	0			53,479,000	0	-84,089,000	140,458,000	0	0			-100,850,000	-24,750,000	0	-283,960,000					0	-80,556,000	0	-7,949,000	157,184,000	59,300,000	0	0	8,504,000	7,067,000
sale of equity method investment
net proceeds from the issuance of preferred shares
(purchase) contribution by noncontrolling interest
contribution by redeemable noncontrolling interest																																	0	0			313,000	18,087,000	-6,165,000	260,800,000
contribution of capital to discontinued operations
unearned premiums																-86,364,000	-33,916,000	13,532,000	-84,478,000	-60,583,000	108,424,000	-11,022,000	41,876,000	128,973,000	14,524,000	-19,409,000	9,132,000	30,607,000	-1,100,000	-27,418,000	9,518,000	24,682,000	-6,652,000	-39,901,000	-11,536,000	38,041,000
purchase of noncontrolling shareholders' interest in subsidiaries																			0
net income (earnings) income from discontinued operations, net of income taxes
reinsurance balances recoverable																			-22,680,000	42,729,000	-256,706,000	34,393,000	7,971,000	-347,798,000	97,797,000	-57,923,000	-29,792,000	-540,939,000	-221,220,000	66,416,000	60,342,000	72,596,000	150,915,000	41,259,000	173,710,000	36,691,000	146,845,000	47,345,000	132,421,000	107,994,000	217,500,000	152,605,000	10,552,000	49,885,000	123,366,000	160,858,000
policy benefits for life and annuity contracts																			1,122,000	-101,898,000	-2,304,000	-869,000	-2,079,000	-2,980,000	-3,484,000	106,000	2,036,000	-1,972,000	17,819,000	-7,975,000	-9,413,000	-11,468,000	-595,000	-9,815,000	-4,425,000	-9,603,000	-7,779,000	-13,213,000	-13,408,000	-17,836,000	-15,047,000	-16,149,000
issuance of preferred shares, net of issuance costs																						-263,000
contribution by noncontrolling interest																						0	0	49,000	0								0	0			-313,000	-17,618,000
net income from discontinued operations
adjustments to reconcile net earnings (losses) to cash flows used in operating activities:
net change in trading securities held on behalf of policyholders																									0	0	25,514,000	83,000	-8,000	-280,000	97,000	-1,093,000	1,211,000
net income on sale of subsidiary																									0	6,740,000
sale of subsidiary, net of cash sold																									106,921,000
redemption of other investments																						15,665,000	292,357,000	32,276,000	30,246,000	49,931,000	83,324,000	69,326,000	89,649,000	30,320,000	30,264,000	94,836,000	106,256,000	20,317,000	28,533,000	13,882,000	73,977,000	20,015,000	7,709,000	2,983,000
net cash flows used in operating activities																							-38,336,000	-74,214,000	139,139,000	-219,697,000	-168,410,000	-94,139,000		-21,837,000						-219,405,000					63,213,000	-114,177,000			68,779,000	-69,574,000	-172,508,000	-14,047,000	-226,380,000	-210,799,000	-182,387,000	-290,354,000
change in cash of businesses held for sale
net earnings from discontinued operations																												-371,000
net (earnings) income from discontinued operations
purchase of noncontrolling interest																																	0
net incomees (earnings) from discontinued operations																										-3,495,000
adjustments to reconcile net earnings to cash flows used in operating activities:
net realized gains on sale of investments
net unrealized gains on investments
net realized (gains) losses on sale of investments																											8,178,000	-8,252,000
net unrealized (gains) on investments																											-38,037,000	-50,267,000
restricted cash and cash																												392,413,000
distribution of capital to noncontrolling interest																																					-1,884,000	0							-23,009,000	0			0	0	0	-16,200,000			-13,419,000	0	-19,759,000
net unrealized (gains) losses on investments
maturities of held-to-maturity securities																														5,542,000	15,031,000	271,000	5,038,000	1,274,000	7,000	5,239,000	31,203,000	5,166,000	50,000	261,000	18,196,000	116,000
movement in restricted cash and cash equivalents																														29,824,000	60,569,000	4,547,000	142,333,000	128,069,000	202,625,000	39,740,000	-32,572,000	12,056,000	115,480,000	-209,502,000	8,002,000	20,457,000	-60,343,000	-46,754,000	-10,854,000	-5,695,000	162,631,000	-72,856,000	79,239,000	67,560,000	58,024,000	85,384,000	-55,479,000	24,596,000	10,730,000	-47,846,000	-72,485,000	-149,595,000	-43,119,000
purchase of held-to-maturity securities																																																					-381,817,000	-176,533,000	-464,145,000	-114,104,000	-118,897,000
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
net realized and unrealized investment losses																																		10,092,000								-16,885,000
net realized and unrealized gains from other investments																																		5,038,000	-11,056,000	-23,562,000	-3,829,000	8,249,000	-17,391,000	-16,997,000	-20,256,000	-20,125,000	-10,091,000	-19,991,000
effect of exchange rate changes on foreign currency
supplemental cash flow information
other items																																			2,780,000	2,773,000	-4,351,000	2,925,000	1,476,000	-1,318,000	7,620,000	1,481,000	702,000	1,473,000	-4,061,000	1,542,000	101,000	1,653,000	-3,886,000	3,051,000	3,692,000	-1,339,000	-1,878,000	2,202,000	182,000	-1,169,000	5,550,000	1,723,000	1,174,000
depreciation and amortization																																			1,323,000	1,421,000	2,710,000	1,063,000	1,808,000	211,000	294,000	256,000	251,000	254,000	465,000	373,000	314,000	317,000	399,000	423,000	387,000	384,000	335,000	375,000	272,000	281,000	210,000	191,000
net amortization of premiums and discounts																																			12,915,000	12,603,000				12,462,000
net movement of trading securities held on behalf of policyholders																																			148,000	1,580,000	1,243,000	3,177,000	0	-164,000	1,298,000	91,000	450,000	1,646,000	8,696,000	4,212,000	6,056,000	5,261,000	-5,777,000	-1,487,000	-6,662,000	7,110,000	3,342,000
changes in assets and liabilities:
other assets																																			-20,112,000	-93,123,000	17,199,000	89,477,000	-29,954,000	-18,970,000	-82,408,000	-28,634,000	183,128,000	83,091,000	-9,638,000	17,240,000	13,028,000	43,322,000	63,303,000	15,137,000	48,212,000	11,793,000	-18,204,000	-7,762,000	1,315,000	-3,115,000	8,685,000	-33,814,000	-692,000
accounts payable and accrued liabilities																																			72,281,000	39,250,000	27,414,000	-3,846,000	-27,616,000	16,710,000	16,164,000	10,960,000	-20,066,000	-29,353,000	9,745,000	-30,624,000	24,793,000	-7,123,000	27,047,000	7,319,000	-1,402,000	-51,265,000	-17,638,000	-41,070,000	47,359,000	13,671,000	-8,532,000	-4,198,000
other liabilities																																			-6,730,000	-3,663,000	8,964,000	-52,949,000	14,053,000	-4,643,000	72,792,000	-22,984,000	-93,326,000	11,520,000	-1,629,000	1,018,000	-17,918,000	27,647,000	-18,711,000	-17,940,000	-70,985,000	26,048,000	-12,744,000	25,771,000	1,474,000	19,168,000	2,273,000	32,686,000	13,522,000
net income taxes paid																																			1,628,000	11,715,000	10,623,000	14,189,000	3,293,000	13,725,000	8,105,000	7,586,000	13,133,000	3,291,000	5,845,000	6,726,000			4,979,000	3,773,000	30,673,000	25,254,000	15,372,000
net realized and unrealized investment gains																																				-19,458,000				-17,576,000				-11,189,000			808,000	-23,042,000											-576,000
net realized and unrealized investment (gains) losses																																						10,087,000
net amortization of premiums and accretion of discounts																																						14,344,000
funding of other investments																																						-157,497,000	-57,551,000	-63,217,000		-43,687,000	-24,698,000	288,000	-15,151,000	-56,541,000	-84,109,000	-42,021,000	916,000	-2,122,000	-19,473,000	-4,108,000	-3,048,000	6,392,000	-928,000	-8,599,000	-14,728,000	-20,090,000
gain on bargain purchase																																																	0	0	0	-13,105,000
net proceeds from issuance of shares																																																	181,456,000	218,000
amortization of bond premiums and discounts																																																8,915,000	8,368,000	7,851,000	4,328,000	4,538,000	780,000	266,000			2,513,000	-148,000
purchases of held-to-maturity securities
redemption of bond funds																																														0			0	54,390,000	2,399,000	10,136,000
contribution to surplus of subsidiary by redeemable noncontrolling interest
net amortization of bond premiums and discounts																																											14,748,000	8,513,000
share of undistributed net earnings of equity method investee
net realized and unrealized investment gains from other investments
share-based compensation expense																																																										216,000	1,738,000
reinsurance balances payable																																													-39,929,000	20,156,000	-11,871,000	-33,831,000	4,850,000	-22,271,000	32,667,000	-40,079,000	2,351,000	-29,232,000	-23,167,000	-4,836,000	28,967,000	14,419,000	-18,040,000
sales and maturities of held-to-maturity securities
sale of investment in partly owned company
contribution to surplus of subsidiary by noncontrolling interest
translation adjustment																																													2,215,000	-9,464,000	11,485,000	-7,328,000	15,403,000	-2,936,000	3,224,000	-6,143,000	19,589,000	-2,522,000	20,732,000	42,614,000	-3,372,000	-1,000	46,000
amortization of premiums and discounts																																														6,591,000
net gain from other investments
share of net gain from other investments																																																-2,340,000	6,137,000	-468,000	-3,870,000	-2,993,000
reinsurance balances receivable																																																148,381,000	150,529,000	128,527,000	3,329,000	-43,567,000	-149,686,000	46,658,000	42,150,000	32,044,000	-50,686,000	-160,775,000	29,363,000
net income taxes (recovered) paid																																																-159,000
share of undistributed net earnings of partly owned company																																																					-7,150,000
net realized and unrealized investment gain																																																				-3,368,000						1,084,000
maturity of held-to-maturity securities																																																					166,960,000	129,470,000	9,073,000	10,968,000	36,581,000	61,682,000	16,583,000
net realized and unrealized investment (gain) loss																																																					-2,202,000	-2,255,000
negative goodwill																																																										-35,196,000	-15,683,000
share of undistributed net (earnings) loss of partly owned company
share of net (gain) income from other investments																																																					-7,797,000	-2,823,000
sales and maturity of held-to-maturity securities
purchase of investment in partly owned company
proceeds from issuance of ordinary shares
sales of trading securities																																																					32,106,000						117,261,000
proceeds from exercise of stock options																																																							0	2,146,000	650,000
income taxes paid																																																							4,588,000
net realized and unrealized investment loss																																																								-5,080,000	6,010,000
share of undistributed net income (earnings) of partly owned company
purchase of investments in partly owned company
distribution of capital and dividend to noncontrolling interest
supplement cash flow information
net income taxes (paid) recovered
share of undistributed net (earnings) of partly owned company																																																							-196,000	0	-269,000
net movement of trading securities																																																							4,719,000	10,857,000	3,302,000	-4,202,000
purchase of investment in partly-owned company
net (decrease)/increase in cash and cash equivalents																																																							-248,081,000	-15,887,000	-302,493,000
share of net income from other investments																																																								-642,000	2,100,000
amortization of bond premiums or discounts																																																											-99,000
net cash flows (used in) investing activities
net income taxes																																																									-5,322,000	-1,037,000
minority interest																																																										3,376,000	2,248,000
share of undistributed net income (earnings) of partly owned companies
redemption of shares
distribution of capital to minority shareholders
contribution to surplus of subsidiary by minority interest																																																										86,209,000
dividend paid
dividend paid to minority shareholders
share of net income (earnings) from other investments																																																										26,510,000
share of net earnings of partly-owned company
amortization of deferred compensation
net realized and unrealized investments (gain) loss
share of net earnings of other investments
movement of trading securities
receipt of loan
repayment of loan
repayment of vendor loan note
income taxes (paid) recovered																																																											-1,927,000
interest																																																											-462,000
share of net earnings of partly-owned companies
net cash flows from (used in) financing activities
reclassification of deferred compensation
share of net earnings from other investments																																																											-1,459,000
account payable and accrued liabilities																																																											-150,000
net distribution from other investments																																																											1,038,000
advance by minority shareholder of subsidiary
adjustments to reconcile net earnings to net cash flows from operating activities:
net realized investment losses
change in net unrealized holding losses on trading securities
proceeds on sale of trading securities
purchase of trading securities
net cash flows from (used in) operating activities
net cash flows from (used in) investing activities
dividend paid to minority interest
net income taxes recovered

Enstar Group Limited(NASDAQ:ESGR)

Enstar Group Limited
(NASDAQ:ESGR)