Enstar reports profits of nearly $800m for Q2 2020

11-08-2020

Enstar Group has reported a healthy profit for Q2, driven primarily by its investment portfolio.

Enstar reported net profits of $798.6 million for the second quarter of 2020. For the first half of the year profits were a more modest $281.7 million.

In the second quarter of 2019 Enstar had reported profits of $231.8 million, while it generated profits of $590.6 million for the first half of 2019.

Enstar said its results had been driven by strong performance in the investment portfolio. It saw net realised and unrealised gains of $967.6 million for the three months ended June 30, including $550.2 million relating to other investments and equities and $417.4 million relating to fixed income securities. 

For the first half of the year it reported net realised and unrealised gains of $338.5 million, including $198.7 million relating to other investments and equities and $139.8 million relating to fixed income securities.

Enstar, Results

Bermuda Re