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Jun 30, 2023
Essent Q2 2023 Earnings Report
Essent's financial results for Q2 2023 reflected a high-quality portfolio and resilience in housing and employment.
Key Takeaways
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.
New insurance written for the second quarter of 2023 was $13.5 billion.
Insurance in force as of June 30, 2023 was $235.6 billion.
The combined ratio for the second quarter of 2023 was 20.4%.
Essent successfully executed a consent and tender process on $637 million of outstanding notes from two seasoned ILN deals.
Essent
Essent
Forward Guidance
This press release may include “forward-looking statements” which are subject to known and unknown risks and uncertainties, many of which may be beyond our control.