Essent Earnings Reports

Essent reported a revenue increase of 5.98% year-over-year, driven by a strong rise in investment income. However, net income declined due to higher loss provisions. Operating margin decreased as underwriting expenses rose.

Essent Group Ltd. reported a net income of $176.2 million for Q3 2024, slightly lower than the $178.0 million reported in Q3 2023. The company's results benefited from interest rates impacting persistency and growth in the investment portfolio. New insurance written was $12.5 billion, consistent with the previous quarter and the same quarter last year.

Essent Group Ltd. reported a net income of $203.6 million for the quarter ended June 30, 2024, compared to $172.2 million for the same quarter in 2023. The company's performance was driven by a high-quality portfolio and resilience in housing and labor markets, benefiting from favorable credit performance and the current rate environment.

Essent Group Ltd. reported a net income of $181.7 million for Q1 2024, compared to $170.8 million for Q1 2023. The company's performance was driven by its high-quality portfolio, consumer resilience, and a favorable rate environment that benefited investment income and persistency. Essent's Board of Directors also declared a quarterly cash dividend of $0.28 per common share.

Essent Group Ltd. reported a net income of $175.4 million, or $1.64 per diluted share, for the quarter ended December 31, 2023. The results benefited from favorable credit performance and higher interest rates. New insurance written was $8.8 billion, and insurance in force reached $239.1 billion.

Essent Group Ltd. reported a net income of $178.0 million for the quarter ended September 30, 2023, which is comparable to the $178.1 million reported for the same quarter in 2022. The company's new insurance written was $12.5 billion, and the insurance in force reached $238.7 billion. Net investment income increased by 44% compared to the third quarter of the previous year, reaching $47.1 million.

Essent Group Ltd. reported a net income of $172.2 million for the quarter ended June 30, 2023, or $1.61 per diluted share. The company's Board of Directors has declared a quarterly cash dividend of $0.25 per common share.

Essent Group Ltd. reported a net income of $170.8 million for the quarter ended March 31, 2023, with diluted earnings per share of $1.59. The company's results were positively influenced by rising interest rates and strong credit performance. The Board of Directors has declared a quarterly cash dividend of $0.25 per common share.

Essent Group Ltd. reported a net income of $147.4 million, or $1.37 per diluted share, for the quarter ended December 31, 2022. The company's Board of Directors has declared a quarterly cash dividend of $0.25 per common share.

Essent Group Ltd. reported a net income of $178.1 million for the quarter ended September 30, 2022, a decrease compared to $205.4 million for the same quarter in 2021. The Board of Directors has declared a quarterly cash dividend of $0.23 per common share.

Essent Group Ltd. reported a strong second quarter in 2022, with a net income of $231.8 million, or $2.16 per diluted share, compared to $159.8 million, or $1.42 per diluted share, for the same quarter in 2021. The Board of Directors has declared a quarterly cash dividend of $0.22 per common share.

Essent Group Ltd. reported a net income of $274.2 million for the quarter ended March 31, 2022, which translates to $2.52 per diluted share. The company's Board of Directors has declared a quarterly cash dividend of $0.21 per common share.

Essent Group Ltd. reported a net income of $181.0 million, or $1.64 per diluted share, for the quarter ended December 31, 2021, compared to $123.6 million, or $1.10 per diluted share, for the same quarter in 2020. The company's Board of Directors has declared a quarterly cash dividend of $0.20 per common share.

Essent Group Ltd. reported a strong third quarter with net income of $205.4 million, or $1.84 per diluted share, compared to $124.5 million, or $1.11 per diluted share, for the same quarter last year. The Board of Directors has also declared a quarterly cash dividend of $0.19 per common share.

Essent Group Ltd. reported a strong second quarter with net income of $159.8 million, or $1.42 per diluted share, driven by a favorable operating environment with normalizing credit and elevated housing demand. The company also declared a quarterly cash dividend of $0.18 per common share.

Essent Group Ltd. reported a net income of $135.6 million for the quarter ended March 31, 2021, a decrease compared to $149.5 million for the same quarter in 2020. The company's Board of Directors authorized a $250 million share repurchase plan and declared a quarterly cash dividend of $0.17 per common share.

Essent Group Ltd. reported a net income of $123.6 million for the quarter ended December 31, 2020, a decrease compared to $147.0 million for the same quarter in 2019. New insurance written for the fourth quarter was $29.6 billion, compared to $15.8 billion in the fourth quarter of 2019. Insurance in force as of December 31, 2020, was $198.9 billion, compared to $164.0 billion as of December 31, 2019.

Essent Group Ltd. reported a net income of $124.5 million for the quarter ended September 30, 2020, a decrease compared to $144.6 million for the same quarter in 2019. The company's insurance in force grew to $190.8 billion, and new insurance written for the quarter was $36.7 billion. The Board of Directors has declared a quarterly cash dividend of $0.16 per common share.

Essent Group Ltd. reported a net income of $15.4 million, or $0.15 per diluted share, for the quarter ended June 30, 2020. The results reflect the initial impact of the COVID-19 pandemic on the insured portfolio.

Essent Group Ltd. reported a net income of $149.5 million, or $1.52 per diluted share, for the quarter ended March 31, 2020, compared to $127.7 million, or $1.30 per diluted share, for the quarter ended March 31, 2019. The company's Board of Directors has declared a quarterly cash dividend of $0.16 per common share.

Essent Group Ltd. reported a net income of $147.0 million, or $1.49 per diluted share, for the quarter ended December 31, 2019, compared to $128.5 million, or $1.31 per diluted share, for the quarter ended December 31, 2018. The company's Board of Directors declared a quarterly cash dividend of $0.16 per common share.