Essent Q3 2020 Earnings Report
Key Takeaways
Essent Group Ltd. reported a net income of $124.5 million for the quarter ended September 30, 2020, a decrease compared to $144.6 million for the same quarter in 2019. The company's insurance in force grew to $190.8 billion, and new insurance written for the quarter was $36.7 billion. The Board of Directors has declared a quarterly cash dividend of $0.16 per common share.
Net income for Q3 2020 was $124.5 million, or $1.11 per diluted share, compared to $144.6 million, or $1.47 per diluted share in Q3 2019.
Insurance in force as of September 30, 2020, reached $190.8 billion, up from $161.0 billion as of September 30, 2019.
New insurance written in Q3 2020 totaled $36.7 billion, compared to $18.7 billion in Q3 2019.
The Board of Directors declared a quarterly cash dividend of $0.16 per common share.
Essent
Essent
Essent Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income