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Jun 30, 2021
Essent Q2 2021 Earnings Report
Essent's financial performance was strong, with significant earnings and excess capital generation.
Key Takeaways
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.
Insurance in force as of June 30, 2021, was $203.6 billion.
New insurance written for the second quarter was $25.0 billion.
The expense ratio for the second quarter was 18.9%.
The combined ratio for the second quarter was 23.3%.
Essent
Essent
Forward Guidance
No specific forward guidance was provided in the release.