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Jun 30, 2022
Essent Q2 2022 Earnings Report
Essent's financial results for Q2 2022 reflected favorable credit performance and the board approved an increase in the quarterly dividend.
Key Takeaways
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.
Net income for the quarter ended June 30, 2022 was $231.8 million or $2.16 per diluted share.
New insurance written for the second quarter was $20.1 billion.
Insurance in force as of June 30, 2022 was $215.9 billion.
The combined ratio for the second quarter was negative (16.2%).
Essent
Essent
Forward Guidance
The fundamentals of the business remain solid, and despite near-term headwinds, the long-term structural outlook for the housing market remains positive.