Essent Q1 net income $181.7M ($1.70 EPS) up 6% YoY; declares $0.28 quarterly dividend

Essent Group Ltd.

2024-Q1 EPS reported $1.70 revenue$298,357,000

Diluted EPS of $1.70 vs $1.59 in Q1 2023; net income $181.7M up from $170.8M.
New insurance written $8.3B, down from $12.9B YoY; insurance in force $238.5B.
Net investment income $52.1M, up 20% YoY; entered 15% quota share reinsurance for 2024.
Quarterly dividend $0.28 per share, payable June 10, 2024 to holders of record May 31.
S&P raised Essent Guaranty/Reinsurance to 'A-' from 'BBB+'; Moody's affirmed A3 with positive outlook.

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 March 31, 2024 results: net income $181.7 million or $1.70 per diluted share.

Period: the quarter ended March 31, 2024
Net income: $181.7 million or $1.70 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, 2024 of $181.7 million or $1.70 per diluted share, compared to $170.8 million or $1.59 per diluted share for the quarter ended March 31, 2023.

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Essent Group Ltd. filing history →

Source: SEC EDGAR

accession 0001448893-24-000034

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