earnings
confidence high
sentiment positive
materiality 0.75
Essent Q3 net income $205.4M, EPS $1.84; dividend raised to $0.19/quarterly
Essent Group Ltd.
2021-Q3 EPS reported
$4.47
revenue$771,594,000
- Net income $205.4M ($1.84 diluted EPS) vs $124.5M ($1.11) in Q3 2020.
- Quarterly dividend increased to $0.19/share; payable Dec 10, 2021 to holders of record Dec 1.
- Insurance in force $208.2B at Sep 30, 2021, up from $203.6B at Jun 30 and $190.8B a year ago.
- Default rate improved to 2.47% from 2.96% in prior quarter and 4.54% a year ago.
- Provision for losses was a benefit of $7.5M vs expense of $55.3M in Q3 2020.