v3.25.1
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES    
Net premiums earned $ 12 $ 11
Net investment income [1] 148 160
Net realized losses (2) (6)
Fair value changes in trading securities, funds held and other investments [1] 43 85
Other income 3 3
Total revenues 204 253
Net incurred losses and loss adjustment expenses    
Current period 3 5
Prior periods (19) (24)
Total net incurred losses and loss adjustment expenses [1] (16) (19)
Defendant asbestos and environmental expenses 4 3
Amortization of net deferred charge assets 30 30
Acquisition costs 1 1
General and administrative expenses 91 87
Interest expense 23 22
Net foreign exchange losses (gains) 16 (9)
Total expenses 149 115
INCOME BEFORE INCOME TAXES 55 138
Income tax expense 0 (5)
Income (losses) from equity method investments [1] 4 (5)
NET INCOME 59 128
Dividends on preferred shares (9) (9)
NET INCOME ATTRIBUTABLE TO ENSTAR ORDINARY SHAREHOLDERS $ 50 $ 119
Earnings per ordinary share attributable to Enstar ordinary shareholders:    
Basic (in dollars per share) $ 3.36 $ 8.13
Diluted (in dollars per share) $ 3.32 $ 8.02
Weighted average ordinary shares outstanding:    
Basic (in shares) 14,891,871 14,641,158
Diluted (in shares) 15,050,761 14,833,840
[1] See Note 17 for additional information regarding related party transactions.