earnings
confidence high
sentiment negative
materiality 0.75
Essent Q2 net income $172.2M ($1.61 EPS) down from $2.16 YoY; declares $0.25 dividend
Essent Group Ltd.
2023-Q2 EPS reported
$3.20
revenue$516,374,000
- Net income $172.2M ($1.61 diluted EPS) vs $231.8M ($2.16) in Q2 2022.
- New insurance written $13.5B, down 33% YoY from $20.1B; insurance in force $235.6B.
- Combined ratio 20.4% vs negative 16.2% in prior year quarter.
- Completed acquisition of Agents National Title/Boston National for $92.6M on July 1.
- Board declared $0.25 quarterly dividend payable Sept 11 to holders of record Sept 1.