other material
confidence high
sentiment neutral
materiality 0.40
Essent Group discloses 2024 quarterly segment data; MI combined ratio varied from 16.2% to 33.8%
Essent Group Ltd.
- Mortgage Insurance net premiums earned $227.9M-$235.3M per quarter; combined ratio ranged 16.2% (Q2) to 33.8% (Q4).
- Q2 2024 MI had negative loss provision (-$1.2M) leading to a -0.5% loss ratio.
- Corporate & Other segment pre-tax loss of $8.6M-$9.9M each quarter from title ops and corporate expenses.
- Consolidated pre-tax income fell from $239.2M (Q2) to $194.9M (Q4 2024) as loss provisions increased.