The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

  UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
 Washington, D.C. 20549
FORM 13F
OMB Number:   3235-0006
Estimated average burden
hours per response:       23.8


FORM 13F COVER PAGE


Report for the Calendar Year or Quarter Ended:
12-31-2025
 
Check here if Amendment:      Amendment Number:
 
This Amendment (Check only one.):    is a restatement.
     adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:Enstar Group LTD 
Address:P.O. BOX HM 2267, A.S. COOPER BUILDING 
 26 Reid Street 
 Hamilton D0 HM 11 

Form 13F File Number:  028-19991 
CRD Number (if applicable):   
SEC File Number (if applicable):   


The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:Peter Kalaev 
Title:Chief Financial Officer 
Phone: 441-292-3645 

Signature, Place, and Date of Signing:

/s/ Peter Kalaev New York,  NEW YORK 02-13-2026 
[Signature][City, State][Date]

Do you wish to provide information pursuant to Special Instruction 5?        Yes      X  No

Report Type (Check only one.):

X  13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)

     13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)

     13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
Form 13F Information table Entry Total:13 
Form 13F Information table Value Total:258,541,374 
 (round to nearest dollar)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F number(s) of all institutional investement managers with respect to which this report is filed, other than the manager filing this report.

   No.NameForm 13F File NumberCRD No. (if applicable)SEC File No. (if applicable)CIK
Cavello Bay Reinsurance Ltd 028-19993   0001756272 
Elk Insurance Holdings, LLC    0002082555 

FORM 13F INFORMATION TABLE

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
NAME OF ISSUER TITLE OF CLASS CUSIPFIGI VALUE
(round to nearest dollar)
SHRS OR
PRN AMT
SH /
PRN
PUT /
CALL
INVESTMENT
DISCRETION
OTHER
MANAGER
VOTING AUTHORITY
SOLESHAREDNONE
EAGLE POINT INCOME COMPANY ICOM269817102-40,858,3883,580,928SH-DFND23,580,92800
EAGLE POINT INCOME COMPANY ICOM269817102-2,723,886238,728SH-DFND1, 2238,72800
KKR & CO INCCOM48251W104-33,543,685263,129SH-DFND1, 2263,12900
APOLLO GLOBAL MGMT INCCOM03769M106-24,313,600167,958SH-DFND1, 2167,95800
BLACKSTONE INCCOM09260D107-25,344,932164,428SH-DFND1, 2164,42800
VANGUARD BD INDEX FDSSHORT TRM BOND921937827-2,535,00232,166SH-DFND232,16600
J P MORGAN EXCHANGE TRADED FEQUITY PREMIUM46641Q332-38,944,722680,376SH-DFND2680,37600
J P MORGAN EXCHANGE TRADED FEQUITY PREMIUM46641Q332-49,149,069858,649SH-DFND1, 2858,64900
JAMES RIV GROUP LTDCOMG5005R107-16,477,2652,590,765SH-DFND1, 22,590,76500
BLUE OWL CAPITAL CORPORATIONCOM69121K104-7,266,329584,580SH-DFND1, 2584,58000
ARES CAPITAL CORPCOM04010L103-7,180,740354,955SH-DFND1, 2354,95500
SPDR SERIES TRUSTSTATE STREET SPD78464A144-8,109,576276,400SH-DFND2276,40000
SCHWAB STRATEGIC TRINT-TRM U.S. TRES808524854-2,094,18083,500SH-DFND283,50000