Essent Group Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 06:38 am EDT
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Essent Group Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was USD 177.96 million compared to USD 178.05 million a year ago. Basic earnings per share from continuing operations was USD 1.68 compared to USD 1.67 a year ago. Diluted earnings per share from continuing operations was USD 1.66 compared to USD 1.66 a year ago.
For the nine months, net income was USD 521.02 million compared to USD 683.99 million a year ago. Basic earnings per share from continuing operations was USD 4.9 compared to USD 6.37 a year ago. Diluted earnings per share from continuing operations was USD 4.86 compared to USD 6.35 a year ago.
Essent Group Ltd. is a holding company. The Company, through its wholly owned subsidiaries, offers private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. In addition to offering mortgage insurance, it provides contract underwriting services on a limited basis through CUW Solutions, LLC. It also offers mortgage-related insurance and reinsurance through its Bermuda-based subsidiary, Essent Reinsurance Ltd. It provides private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners. Its products and services include mortgage insurance, contract underwriting, and Bermuda-Based insurance and reinsurance. It offers two types of private mortgage insurance, namely primary and pool. Its subsidiaries also include Agents National Title Holding Company and Boston National Holdings LLC.
ESSENT GROUP LTD. 
