Essent Q3 2023 Earnings Report
Key Takeaways
Essent Group Ltd. reported a net income of $178.0 million for the quarter ended September 30, 2023, which is comparable to the $178.1 million reported for the same quarter in 2022. The company's new insurance written was $12.5 billion, and the insurance in force reached $238.7 billion. Net investment income increased by 44% compared to the third quarter of the previous year, reaching $47.1 million.
Net income for Q3 2023 was $178.0 million, or $1.66 per diluted share.
New insurance written for Q3 2023 totaled $12.5 billion.
Insurance in force as of September 30, 2023, was $238.7 billion.
Net investment income for Q3 2023 increased by 44% to $47.1 million compared to Q3 2022.
Essent
Essent
Essent Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income