Essent Q4 2020 Earnings Report
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%.
Essent
Essent
Essent Revenue by Segment
Forward Guidance
Essent management discussed the company's results and outlook on a conference call.
Revenue & Expenses
Visualization of income flow from segment revenue to net income