Essent Group Q4 net income $147.4M ($1.37 EPS); dividend raised to $0.25; acquires title ops for $100M

Essent Group Ltd.

2022-FY EPS reported $7.72 revenue$1,000,824,000

Q4 net income $147.4M ($1.37 diluted EPS) vs $181.0M ($1.64) in Q4 2021; full year 2022 net income $831.4M ($7.72) vs $681.8M ($6.11) in 2021.
New insurance written in Q4 2022 $13.0B, down from $17.1B in Q3 2022 and $16.4B in Q4 2021.
Combined ratio for Q4 2022 was 24.6%, up from 22.3% in Q3 2022 and 17.4% in Q4 2021.
Board increased quarterly cash dividend to $0.25 per share, payable March 20, 2023 to holders of record March 10, 2023.
Essent US Holdings agreed to acquire title insurance operations from Finance of America Companies for $100 million.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Essent Group Ltd. reported the year ended December 31, 2022 results: net income $831.4 million, EPS $7.72 per diluted share.

Period: the year ended December 31, 2022
Net income: $831.4 million
EPS: $7.72 per diluted share
Result: reported results

Exact text from the filing

For the full year 2022, net income was $831.4 million or $7.72 per diluted share, compared to $681.8 million or $6.11 per diluted share for 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Essent Group Ltd. reported the quarter ended December 31, 2022 results: net income $147.4 million, EPS $1.37 per diluted share.

Period: the quarter ended December 31, 2022
Net income: $147.4 million
EPS: $1.37 per diluted share
Result: reported results

Exact text from the filing

Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended December 31, 2022 of $147.4 million or $1.37 per diluted share, compared to $181.0 million or $1.64 per diluted share for the quarter ended December 31, 2021.

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Source: SEC EDGAR

accession 0001448893-23-000010

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