v3.25.1
Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Stock by Class
The following is a reconciliation of our beginning and ending ordinary shares: 
Total Voting Ordinary Shares
Beginning balance (1)
15,241,316 
Shares issued (2)
24,542 
Retired treasury stock (3)
(356,140)
Balance as of March 31, 2025 (1)
14,909,718 
(1) Includes 2,035 shares of restricted stock.
(2) Ordinary Shares issued in relation to share-based compensation plan awards and the Employee Share Purchase Plan.
(3) The remaining 356,140 shares held in the Enstar Group Limited Benefit Trust (“EB Trust”) were cancelled on January 21, 2025.
Schedule of Accumulated Other Comprehensive Income (Loss)
The following tables present a roll forward of accumulated other comprehensive income (loss):
Three Months Ended
March 31,
2025
Unrealized (losses) gains on available-for-sale investmentsCumulative currency translation adjustmentFVO - Own credit AdjustmentTotal
(in millions of U.S. dollars)
Balance December 31, 2024, net of tax
$(361)$10 $10 $(341)
Unrealized gains on fixed maturities, AFS arising during the period64 — — 64 
Reclassification adjustment for net realized losses included in net income2 — — 2 
Other comprehensive income66 — — 66 
Balance March 31, 2025, net of tax
$(295)$10 $10 $(275)
Three Months Ended
March 31,
2024
Unrealized (losses) gains on available-for-sale investmentsCumulative currency translation adjustmentFVO - Own credit AdjustmentTotal
(in millions of U.S. dollars)
Balance December 31, 2023, net of tax
$(368)$12 $20 $(336)
Unrealized losses on fixed maturities, AFS arising during the period(33)— — (33)
Reclassification adjustment for change in allowance for credit losses recognized in net income1 — — 1 
Reclassification adjustment for net realized losses included in net income5 — — 5 
Change in currency translation adjustment— (1)— (1)
Other comprehensive loss(27)(1)— (28)
Balance March 31, 2024, net of tax
$(395)$11 $20 $(364)
The following table presents details about the tax effects allocated to each component of other comprehensive income (loss):
Three Months Ended
March 31,
20252024
Before Tax AmountTax (Expense) BenefitNet of Tax AmountBefore Tax AmountTax (Expense) BenefitNet of Tax Amount
(in millions of U.S. dollars)
Unrealized gains (losses) on fixed maturities, AFS arising during the period$67 $(3)$64 $(41)$8 $(33)
Reclassification adjustment for change in allowance for credit losses recognized in net income— — — 1 — 1 
Reclassification adjustment for net realized losses included in net income2 — 2 5 — 5 
Change in currency translation adjustment— — — (1)— (1)
Other comprehensive income (loss)$69 $(3)$66 $(36)$8 $(28)

The following tables present details of amounts reclassified from accumulated other comprehensive loss:
Three Months Ended
Details about AOCI components
March 31,
Affected Line Item in Statement where Net Income are presented
20252024
(in millions of U.S. dollars)
Unrealized losses on fixed maturities, AFS $(2)$(6)Net realized losses