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Dec 31, 2021
Essent Q4 2021 Earnings Report
Essent reported strong Q4 2021 results, driven by focus on optimizing unit economics and generating high-quality earnings.
Key Takeaways
Essent Group Ltd. reported a net income of $181.0 million, or $1.64 per diluted share, for the quarter ended December 31, 2021, compared to $123.6 million, or $1.10 per diluted share, for the same quarter in 2020. The company's Board of Directors has declared a quarterly cash dividend of $0.20 per common share.
Insurance in force as of December 31, 2021 was $207.2 billion.
New insurance written for the fourth quarter was $16.4 billion.
The combined ratio for the fourth quarter was 17.4%.
The expense ratio for the fourth quarter was 19.0%.
Essent
Essent
Forward Guidance
No specific forward guidance was provided in the press release.