Essent Q2 2022 Earnings Report
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
Essent Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income