Essent Group Ltd

For the period ended Mar 31, 2024. Filed May 7, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 7, 2024

ESNT$64.68-1.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Comprehensive Income (Unaudited)

	Three Months Ended March 31,
(In thousands, except per share amounts)	2024	2023
Revenues:
Net premiums written	$238,540	$205,900
Decrease in unearned premiums	7,050	5,358
Net premiums earned	245,590	211,258
Net investment income	52,085	43,236
Realized investment losses, net	(1,140)	(488)
(Loss) income from other invested assets	(1,915)	(2,702)
Other income	3,737	4,942
Total revenues	298,357	256,246
Losses and expenses:
Provision (benefit) for losses and LAE	9,913	(180)
Other underwriting and operating expenses	57,349	48,195
Premiums retained by agents	9,491	—
Interest expense	7,862	6,936
Total losses and expenses	84,615	54,951
Income before income taxes	213,742	201,295
Income tax expense	32,023	30,468
Net income	$181,719	$170,827
Earnings per share:
Basic	$1.72	$1.60
Diluted	1.70	1.59
Weighted average shares outstanding:
Basic	105,697	106,943
Diluted	106,770	107,585
Net income	$181,719	$170,827
Other comprehensive income loss:
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of ($3,122) and $9,428 in the three months ended March 31, 2024 and 2023.	(21,766)	58,753
Total other comprehensive income loss	(21,766)	58,753
Comprehensive income	$159,953	$229,580

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.