Essent Group Ltd
ESNT
ISIN BMG3198U1027 / Valor 22389305
Essent Group Ltd
UMushroom community rating:
About company
Essent Group Ltd. is a Bermuda-based holding company that operates in the housing finance industry. The company provides private mortgage insurance, reinsurance, risk management products, and title insurance and settlement services to various stakeholders in the mortgage market, including lenders, borrowers, and investors. Essent Group's offerings aim to support homeownership by managing risk and providing financial protection in the mortgage lending process.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (24.12.2024):
Net Income
Essent Group Ltd. reported a net income of $176.2 million for the third quarter of 2024, which translates to $1.65 per diluted share. This is a slight decrease compared to the net income of $178.0 million or $1.66 per diluted share reported for the same quarter in 2023.
Quarterly Dividend
The Board of Directors of Essent Group Ltd. declared a quarterly cash dividend of $0.28 per common share. This dividend is scheduled to be paid on December 11, 2024, to shareholders who are on record as of December 2, 2024.
Insurance Metrics
For the third quarter of 2024, Essent Group Ltd. reported new insurance written amounting to $12.5 billion. The insurance in force as of September 30, 2024, was $243.0 billion, showing an increase from $240.7 billion as of June 30, 2024, and $238.7 billion as of September 30, 2023.
Investment Income
Essent Group Ltd. achieved a net investment income of $165.5 million for the nine months ending September 30, 2024. This represents a 22% increase compared to the same period in 2023, highlighting the growth in their investment portfolio.
Reinsurance Transaction
In September 2024, Essent Group Ltd. successfully closed its 10th mortgage insurance-linked note transaction, Radnor Re 2024-1. This transaction provides $363 million of collateralized reinsurance coverage for new insurance written from July 2023 through July 2024.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6118 M
Market cap (USD)
88,881
Daily traded volume (Shares)
53.86 / 53.28
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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