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Essent
🇧🇲 NYSE:ESNT
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Dec 31, 2023

Essent Q4 2023 Earnings Report

Essent's financial results for Q4 2023 were announced, demonstrating earnings power through favorable credit performance and higher interest rates.

Key Takeaways

Essent Group Ltd. reported a net income of $175.4 million, or $1.64 per diluted share, for the quarter ended December 31, 2023. The results benefited from favorable credit performance and higher interest rates. New insurance written was $8.8 billion, and insurance in force reached $239.1 billion.

Net income for Q4 2023 was $175.4 million, or $1.64 per diluted share, compared to $147.4 million, or $1.37 per diluted share, for Q4 2022.

New insurance written for Q4 2023 was $8.8 billion, compared to $13.0 billion in Q4 2022.

Insurance in force as of December 31, 2023, was $239.1 billion, compared to $227.1 billion as of December 31, 2022.

Net investment income for Q4 2023 was $50.6 million, up 34% from Q4 2022.

Total Revenue
$297M
Previous year: $230M
+29.2%
EPS
$1.64
Previous year: $1.37
+19.7%
Expense Ratio
27%
Combined Ratio
34.9%
Previous year: 24.6%
+41.9%
New Insurance Written
$8.8B
Previous year: $13B
-32.3%
Gross Profit
$237M
Previous year: $65.9M
+259.9%
Cash and Equivalents
$142M
Previous year: $81.2M
+74.5%
Free Cash Flow
$213M
Previous year: $171M
+24.8%
Total Assets
$6.43B
Previous year: $5.72B
+12.3%

Essent

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Forward Guidance

No specific forward guidance was provided in the document.

Company Overview

Full financial data and analysis

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