Essent Group Q1 net income falls 38% to $1.59 EPS; declares $0.25 dividend

Essent Group Ltd.

2023-Q1 EPS reported $1.59 revenue$256,246,000

Net income $170.8M ($1.59 diluted EPS) vs $274.2M ($2.52) in Q1 2022.
New insurance written $12.9B, flat YoY. Insurance in force $231.5B, up 12% YoY.
Combined ratio 22.7% vs (30.7)% in Q1 2022; favorable credit performance cited.
Quarterly cash dividend of $0.25 per share declared, payable June 12 to holders of record June 1.

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 0.9

Essent Group Ltd. reported the quarter ended March 31, 2023 results: net income $170.8 million, EPS $1.59 per diluted share.

Period: the quarter ended March 31, 2023
Net income: $170.8 million
EPS: $1.59 per diluted share
Result: reported results

Exact text from the filing

Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended March 31, 2023 of $170.8 million or $1.59 per diluted share

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Source: SEC EDGAR

accession 0001448893-23-000037

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