earnings
confidence high
sentiment positive
materiality 0.75
Essent Group Q4 net income $167.9M ($1.58 EPS); raises dividend to $0.31, authorizes $500M buyback
Essent Group Ltd.
2024-FY EPS reported
$6.85
revenue$1,242,904,000
- Q4 net income $167.9M ($1.58 diluted EPS) vs $175.4M ($1.64) in Q4 2023; FY 2024 net income $729.4M ($6.85) up 5% YoY.
- Quarterly dividend increased to $0.31/share (payable March 24, 2025); Board authorized $500M share repurchase through 2026.
- New insurance written Q4 $12.2B, up 39% YoY from $8.8B; insurance in force $243.6B at year-end.
- Net investment income $222.1M for 2024, up 19% from 2023; U.S. MI provision for losses $37.2M in Q4 includes $8M from hurricane defaults.
- Entered forward quota share agreements covering 25% of 2025-2026 policies; repurchased 2M+ shares for ~$118M in Q4/Jan.