earnings
confidence high
sentiment positive
materiality 0.75
Essent Q2 net income $231.8M ($2.16 EPS), dividend raised to $0.22
Essent Group Ltd.
2022-Q2 EPS reported
$4.69
revenue$509,020,000
- Net income $231.8M ($2.16 diluted EPS) vs $159.8M ($1.42) in Q2 2021.
- Quarterly dividend increased to $0.22 per share, payable Sept 12, 2022.
- New insurance written $20.1B; insurance in force reached $215.9B.
- Combined ratio negative (16.2%) including $62.9M benefit from COVID-19 claim rate change.
- Entered forward excess of loss reinsurance covering 20% of eligible policies through Dec 2022.