2 March 2021Insurance

Investment gains drive robust 2020 profits at Enstar

Bermuda-based re/insurance group Enstar enjoyed a big increase in its profits for the full year 2020 largely on the back of strong investment performance.

Enstar generated a net profit of $1.7 billion for 2020, a significant increase on the $902.2 million earned in 2019.

The key driver of its profit for the year was net realised and unrealised gains of $1.6 billion. This included $1.3 billion relating to equities and other investments, and $306.3 million relating to fixed income securities.

The company specialises in acquisition and management of legacy insurance risk, and offers innovative capital release solutions through its network of group companies in Bermuda, US, UK, Continental Europe, Australia, and other global locations.

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
16 July 2021   Its CEO Silvester says Enstar will maintain a strong capital and liquidity position after the transactions.
Insurance
8 February 2021   The deal includes a portfolio of excess workers’ compensation business.
Insurance
7 December 2020   Enstar will reinsure a legacy portfolio of US liability businesses written by LMIE through London.