earnings
confidence high
sentiment neutral
materiality 0.65
Essent Q3 net income $178.1M ($1.66 EPS); dividend raised to $0.23
Essent Group Ltd.
2022-Q3 EPS reported
$6.35
revenue$770,787,000
- Net income of $178.1M ($1.66 diluted EPS) vs $205.4M ($1.84) in Q3 2021.
- Quarterly dividend increased to $0.23 per share, payable Dec 12, record Dec 1.
- New insurance written $17.1B, down from $23.6B in Q3 2021.
- Insurance in force $222.5B as of Sep 30, 2022, up from $208.2B a year ago.
- Combined ratio 22.3% vs 15.9% in Q3 2021.