earnings
confidence high
sentiment positive
materiality 0.75
Essent Q2 net income $159.8M ($1.42 EPS); raises quarterly dividend to $0.18
Essent Group Ltd.
2021-Q2 EPS reported
$2.63
revenue$488,058,000
- Net income $159.8M vs. $15.4M in Q2 2020; diluted EPS $1.42 vs. $0.15.
- Insurance in force $203.6B, up from $174.6B a year ago.
- Provision for losses & LAE fell to $9.7M from $175.9M in Q2 2020; default rate declined to 2.96% from 5.19%.
- Quarterly dividend increased to $0.18 per share; payable Sept 10, 2021 to holders of record Sept 1.
- Combined ratio improved to 23.3% from 101.5% in prior-year quarter.