Essent Group Q3 net income flat at $178M; declares $0.25 dividend, authorizes $250M buyback

Essent Group Ltd.

2023-Q3 EPS reported $4.86 revenue$812,482,000

Net income of $178.0M ($1.66 diluted EPS), essentially flat vs Q3 2022.
Quarterly dividend increased to $0.25 per share, payable Dec 11 to holders of record Dec 1.
Board authorized $250M share repurchase plan effective Jan 1, 2024 through Dec 31, 2025.
Completed acquisition of Agents National Title and Boston National Holdings for $92.6M in July 2023.
Net investment income $47.1M, up 44% YoY; insurance in force $238.7B.

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 quarter ended September 30, 2023 results: net income $178.0 million, EPS $1.66 per diluted share.

Period: the quarter ended September 30, 2023
Net income: $178.0 million
EPS: $1.66 per diluted share
Result: reported results

Exact text from the filing

Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended September 30, 2023 of $178.0 million or $1.66 per diluted share

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Essent Group Ltd. filing history →

Source: SEC EDGAR

accession 0001448893-23-000085

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