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Sep 30, 2023
Essent Q3 2023 Earnings Report
Essent's financial results for Q3 2023 were announced, with a net income of $178.0 million and a quarterly dividend of $0.25 per common share declared.
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.
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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