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Dec 31, 2020
Essent Q4 2020 Earnings Report
Essent reported net income of $123.6 million, or $1.10 per diluted share, for Q4 2020.
Key Takeaways
Essent Group Ltd. reported a net income of $123.6 million for the quarter ended December 31, 2020, a decrease compared to $147.0 million for the same quarter in 2019. New insurance written for the fourth quarter was $29.6 billion, compared to $15.8 billion in the fourth quarter of 2019. Insurance in force as of December 31, 2020, was $198.9 billion, compared to $164.0 billion as of December 31, 2019.
Net income for Q4 2020 was $123.6 million, or $1.10 per diluted share.
New insurance written for the fourth quarter was $29.6 billion.
Insurance in force as of December 31, 2020, was $198.9 billion.
The combined ratio for the fourth quarter was 44.5%.
Forward Guidance
Essent management discussed the company's results and outlook on a conference call.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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