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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INCOME                      
Net premiums earned $ 272,686 $ 270,325 $ 276,563 $ 335,287 $ 231,947 $ 264,597 $ 228,812 $ 170,219 $ 1,154,861 $ 895,575 $ 613,121
Fees and commission income 9,007 6,587 6,178 6,681 11,455 6,950 8,352 8,331 28,453 35,088 66,103
Net investment income 79,376 85,472 77,732 78,696 68,453 69,430 66,469 66,319 321,276 270,671 208,789
Net realized and unrealized gains (losses) 152,664 148,185 269,711 460,791 (158,213) (57,223) (54,418) (143,030) 1,031,351 (412,884) 190,334
Other income 19,502 826 11,030 5,812 34,267 8,226 (9,351) 1,943 37,170 35,085 22,605
Total income 533,235 511,395 641,214 887,267 187,909 291,980 239,864 103,782 2,573,111 823,535 1,100,952
EXPENSES                      
Net incurred losses and loss adjustment expenses 121,416 222,417 216,338 312,404 187,698 153,974 92,819 19,534 872,575 454,025 193,551
Life and annuity policy benefits (2,199) 0 2,194 96 786 423 (160) (46) 91 1,003 4,015
Acquisition costs 95,026 50,282 66,855 93,788 55,106 54,242 53,334 30,108 305,951 192,790 96,906
General and administrative expenses 129,569 113,924 117,519 112,074 106,950 102,553 102,612 95,260 473,086 407,375 435,985
Interest expense 13,519 14,950 13,036 11,036 4,644 4,640 8,922 8,011 52,541 26,217 28,102
Net foreign exchange (gains) losses 12,189 (13,631) (2,587) (3,850) 1,279 1,040 (5,519) 5,868 (7,879) 2,668 17,537
Loss on sale of subsidiary                 0 0 16,349
Total expenses 369,520 387,942 413,355 525,548 356,463 316,872 252,008 158,735 1,696,365 1,084,078 792,445
EARNINGS (LOSS) BEFORE INCOME TAXES 163,715 123,453 227,859 361,719 (168,554) (24,892) (12,144) (54,953) 876,746 (260,543) 308,507
Income tax benefit (expense) 22,427 (14,597) (7,518) (4,749) 10,688 (746) (3,646) (172) (4,437) 6,124 6,395
Earnings from equity method investments 11,722 17,703 17,713 8,772 8,488 3,317 15,645 14,697 55,910 42,147 5,904
NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS                 928,219 (212,272) 320,806
Net earnings from discontinued operations, net of income taxes                 0 0 10,993
NET EARNINGS (LOSS) 197,864 126,559 238,054 365,742 (149,378) (22,321) (145) (40,428) 928,219 (212,272) 331,799
Net loss (earnings) attributable to noncontrolling interest 4,900 109 2,713 2,148 42,955 11,489 8,389 (782) 9,870 62,051 (20,341)
NET EARNINGS (LOSS) ATTRIBUTABLE TO ENSTAR GROUP LIMITED 202,764 126,668 240,767 367,890 (106,423) (10,832) 8,244 (41,210) 938,089 (150,221) 311,458
Dividends on preferred shares (8,925) (8,925) (8,925) (9,139) (7,000) (5,133) 0 0 (35,914) (12,133) 0
NET EARNINGS (LOSS) ATTRIBUTABLE TO ENSTAR GROUP LIMITED ORDINARY SHAREHOLDERS $ 193,839 $ 117,743 $ 231,842 $ 358,751 $ (113,423) $ (15,965) $ 8,244 $ (41,210) $ 902,175 $ (162,354) $ 311,458
Basic:                      
Net earnings (loss) from continuing operations (dollars per share)                 $ 42.00 $ (7.84) $ 15.50
Net earnings (loss) from discontinued operations, net of income taxes (dollars per share)                 0 0 0.56
Net earnings (loss) per ordinary share (dollars per share) $ 9.02 $ 5.48 $ 10.79 $ 16.71 $ (5.29) $ (0.74) $ 0.40 $ (2.12) 42.00 (7.84) 16.06
Diluted:                      
Net earnings (loss) from continuing operations (dollars per share)                 41.43 (7.84) 15.39
Net earnings from discontinued operations, net of income taxes (dollars per share)                 0 0 0.56
Net earnings (loss) per ordinary share (dollars per share) $ 8.89 $ 5.42 $ 10.70 $ 16.57 $ (5.29) $ (0.74) $ 0.40 $ (2.12) $ 41.43 $ (7.84) $ 15.95
Weighted average ordinary shares outstanding:                      
Basic (shares)                 21,482,617 20,698,310 19,388,621
Diluted (shares)                 21,775,066 20,904,176 19,527,591