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Mar 31, 2022
Essent Q1 2022 Earnings Report
Reported strong results driven by favorable credit performance and increased quarterly dividend.
Key Takeaways
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.
Insurance in force as of March 31, 2022, was $206.8 billion.
New insurance written for the first quarter was $12.8 billion.
The expense ratio for the first quarter was 18.9%.
The combined ratio for the first quarter was negative (30.7%).
Forward Guidance
Essent management discussed its results on a conference call held at 10:00 AM Eastern time. A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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