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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.
Forward Guidance
No specific forward guidance was provided in the document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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