David B. Weinstock
Effective March 14, 2023, David B. Weinstock has been promoted to the role of Senior Vice President and Chief Financial Officer of Essent Group Ltd.
Highest-materiality recent filing
Essent Q2 net income $189.7M ($2.08/sh) vs $195.3M ($1.93/sh) prior year
Declared quarterly dividend of $0.35/share, payable Sept 10, 2026 to holders of record Aug 31, 2026.
Essent Q1 net income $171.8M ($1.82 EPS) vs $175.4M ($1.69) YoY; declares $0.35 dividend
Diluted EPS of $1.82, up from $1.69 in Q1 2025; net income $171.8M.
Essent Q4 net income $155M ($1.60 EPS); increases quarterly dividend to $0.35
Q4 2025 net income $155.0M ($1.60 diluted EPS) vs $167.9M ($1.58) in Q4 2024.
Essent Group Q3 net income $164.2M ($1.67 EPS); declares $0.31 dividend
Q3 2025 net income $164.2M vs $176.2M in Q3 2024; diluted EPS rose to $1.67 from $1.65.
Essent Q2 net income $195M ($1.93/diluted); declares $0.31 dividend
Net income $195.3M versus $203.6M in Q2 2024; diluted EPS $1.93, up from $1.91.
Essent Q1 net income $175.4M ($1.69 EPS); declares $0.31 dividend, $218M in buybacks YTD
Net income $175.4M ($1.69 diluted EPS) vs $181.7M ($1.70) a year ago; slight decline.
Essent Group discloses 2024 quarterly segment data; MI combined ratio varied from 16.2% to 33.8%
Mortgage Insurance net premiums earned $227.9M-$235.3M per quarter; combined ratio ranged 16.2% (Q2) to 33.8% (Q4).
Essent Group Q4 net income $167.9M ($1.58 EPS); raises dividend to $0.31, authorizes $500M buyback
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.
Essent Group Q3 2024 net income $176.2M ($1.65 EPS); declares $0.28 dividend
Net income Q3 2024: $176.2M ($1.65 diluted EPS), vs $178.0M ($1.66) in Q3 2023.
Essent Group Q2 net income $203.6M ($1.91 EPS) beats prior year; declares $0.28 dividend
Net income $203.6M ($1.91 diluted EPS) vs $172.2M ($1.61) in Q2 2023, a 18% increase.
Essent Group completes $500M 6.250% senior notes offering and new $500M revolver
Closed $500M 6.250% Senior Notes due 2029; net proceeds ~$495.3M.
Essent Group enters $500M unsecured revolving credit facility, replacing $400M secured facility
Five-year unsecured revolving credit facility of $500 million, replacing $400M secured facility.
Essent Q1 net income $181.7M ($1.70 EPS) up 6% YoY; declares $0.28 quarterly dividend
Diluted EPS of $1.70 vs $1.59 in Q1 2023; net income $181.7M up from $170.8M.
Essent Group Q4 net income $175.4M ($1.64 EPS); dividend raised to $0.28
Q4 2023 net income $175.4M ($1.64 diluted EPS) vs $147.4M ($1.37) a year ago.
S&P upgrades Essent's subsidiary ratings to A- from BBB+ with stable outlook
S&P raised ratings on Essent Guaranty and Essent Reinsurance to A- from BBB+, stable outlook.
Essent Group Q3 net income flat at $178M; declares $0.25 dividend, authorizes $250M buyback
Net income of $178.0M ($1.66 diluted EPS), essentially flat vs Q3 2022.
Essent Q2 net income $172.2M ($1.61 EPS) down from $2.16 YoY; declares $0.25 dividend
Net income $172.2M ($1.61 diluted EPS) vs $231.8M ($2.16) in Q2 2022.
Three directors elected: Casale (98.9M for), Pauls (98.7M), Spiegel (83.9M) to serve through 2026.
Essent Group Q1 net income falls 38% to $1.59 EPS; declares $0.25 dividend
Net income $170.8M ($1.59 diluted EPS) vs $274.2M ($2.52) in Q1 2022.
Essent Group promotes David B. Weinstock to CFO with $375k salary and RSU grant
Weinstock promoted to SVP and CFO effective March 14, 2023; previously interim CFO since June 2022.
Q4 net income $147.4M ($1.37 diluted EPS) vs $181.0M ($1.64) in Q4 2021; full year 2022 net income $831.4M ($7.72) vs $681.8M ($6.11) in 2021.
Essent Q3 net income $178.1M ($1.66 EPS); dividend raised to $0.23
Net income of $178.1M ($1.66 diluted EPS) vs $205.4M ($1.84) in Q3 2021.
Essent Q2 net income $231.8M ($2.16 EPS), dividend raised to $0.22
Net income $231.8M ($2.16 diluted EPS) vs $159.8M ($1.42) in Q2 2021.
Essent Group CFO Lawrence McAlee steps down; David Weinstock named interim CFO
Lawrence McAlee ceased as CFO effective June 28, 2022, will serve as Special Advisor to CEO through Dec 31, 2022.
Essent Q1 net income $274.2M ($2.52 EPS); increases dividend to $0.21, authorizes $250M buyback
Net income $274.2M ($2.52 diluted EPS) vs $135.6M ($1.21) in Q1 2021.
Essent reports Q4 net income $181M ($1.64 EPS), full year $681.8M; dividend raised to $0.20
Q4 net income $181.0M ($1.64 diluted EPS) vs $123.6M ($1.10) in Q4 2020.
Essent Group amends credit agreement to $825M; revolver increased to $400M
Committed capacity increased to $825M from $625M; $100M new term loan added.
Essent promotes Christopher Curran to President of Essent Guaranty effective Jan 1, 2022
Curran, formerly SVP Corporate Development, becomes President of the MI operating subsidiary.
Essent Q3 net income $205.4M, EPS $1.84; dividend raised to $0.19/quarterly
Net income $205.4M ($1.84 diluted EPS) vs $124.5M ($1.11) in Q3 2020.
Director Jane Chwick to resign Dec 31, 2021; Chief Business Officer Jeff Cashmer leaves Oct 8
Jane Chwick, chair of technology/innovation/operations committee, resigns effective Dec 31, 2021; no disagreement with management.
Essent Q2 net income $159.8M ($1.42 EPS); raises quarterly dividend to $0.18
Net income $159.8M vs. $15.4M in Q2 2020; diluted EPS $1.42 vs. $0.15.
Effective March 14, 2023, David B. Weinstock has been promoted to the role of Senior Vice President and Chief Financial Officer of Essent Group Ltd.
Lawrence McAlee, the Company’s Senior Vice President and Chief Financial Officer, pursuant to which Mr. McAlee will cease serving as Senior Vice President and Chief Financial Officer of the Company as of the 'Transition Date'.
David Weinstock, who has served as the Company’s Vice President and Chief Accounting Officer since 2009, began serving as Interim Chief Financial Officer of the Company on the Transition Date
Effective January 1, 2022, Christopher G. Curran has been promoted to the role of President of Essent Guaranty, Inc.
Effective as of October 8, 2021, Jeff R. Cashmer, Senior Vice President and Chief Business Officer of Essent Guaranty, Inc. (“Guaranty”), a wholly owned subsidiary of Essent Group Ltd. (the “Company”), will be leaving Guaranty to pursue other opportunities and as of such date will no longer serve as an officer and employee, and will resign as an officer, of Guaranty.
On September 13, 2021, Jane Chwick confirmed to the Company that she will resign from the Company’s board of directors effective December 31, 2021.
Max materiality 0.80 · Median 0.70 · Most common event earnings