Essent Q3 2021 Earnings Report
Key Takeaways
Essent Group Ltd. reported a strong third quarter with net income of $205.4 million, or $1.84 per diluted share, compared to $124.5 million, or $1.11 per diluted share, for the same quarter last year. The Board of Directors has also declared a quarterly cash dividend of $0.19 per common share.
Insurance in force as of September 30, 2021, was $208.2 billion, compared to $190.8 billion as of September 30, 2020.
New insurance written for the third quarter was $23.6 billion, compared to $36.7 billion in the third quarter of 2020.
The combined ratio for the third quarter was 15.9%, compared to 41.6% in the third quarter of 2020.
The percentage of loans in default as of September 30, 2021 was 2.47%, compared to 4.54% as of September 30, 2020.
Essent
Essent
Forward Guidance
This press release includes forward-looking statements which are subject to known and unknown risks and uncertainties, many of which may be beyond our control.