earnings
confidence high
sentiment positive
materiality 0.80
Essent reports Q4 net income $181M ($1.64 EPS), full year $681.8M; dividend raised to $0.20
Essent Group Ltd.
2021-FY EPS reported
$6.11
revenue$1,028,510,000
- Q4 net income $181.0M ($1.64 diluted EPS) vs $123.6M ($1.10) in Q4 2020.
- Full year 2021 net income $681.8M ($6.11 diluted EPS) vs $413.0M ($3.88) in 2020.
- Insurance in force $207.2B as of Dec 31, 2021; loans in default improved to 2.16% from 3.93% year ago.
- Board declared quarterly dividend of $0.20/share, payable March 21, 2022, reflecting an increase.
- Amended credit facility increased committed capacity to $825M, maturing Dec 2026.