secwatch.observer — SEC 8-K summary
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Issuer:     Essent Group Ltd. (ESNT)
CIK:        0001448893
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001448893-24-000060
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Essent Group Q2 net income $203.6M ($1.91 EPS) beats prior year; declares $0.28 dividend
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- Net income $203.6M ($1.91 diluted EPS) vs $172.2M ($1.61) in Q2 2023, a 18% increase.
- New insurance written $12.5B in Q2 2024, down from $13.5B in Q2 2023 but up from $8.3B in Q1 2024.
- Insurance in force $240.7B as of June 30, 2024, up from $235.6B a year ago and $238.5B at March 31, 2024.
- Net investment income for H1 2024 was $108.2M, up 22% from H1 2023.
- Entered excess-of-loss reinsurance covering 15% of eligible 2024 policies and closed $1B debt capacity ($500M notes + $500M revolver) on July 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1448893/000144889324000060/0001448893-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1448893/000144889324000060/esnt-20240802.htm
  HTML page:      https://secwatch.observer/filing/0001448893-24-000060

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