Essent Group Ltd
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 2024
ESNT$64.68-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets (Unaudited)
| September 30, | December 31, | |
|---|---|---|
| (In thousands, except per share amounts) | 2024 | 2023 |
| Assets | ||
| Investments | ||
| Fixed maturities available for sale, at fair value (amortized cost: 2024 — $5,137,856;2023 — $4,658,168) | $4,919,868 | $4,335,008 |
| Short-term investments available for sale, at fair value (amortized cost: 2024 — $1,030,081; 2023 — $928,562) | 1,030,631 | 928,731 |
| Total investments available for sale | 5,950,499 | 5,263,739 |
| Other invested assets | 294,931 | 277,226 |
| Total investments | 6,245,430 | 5,540,965 |
| Cash | 109,306 | 141,787 |
| Accrued investment income | 40,453 | 35,689 |
| Accounts receivable | 54,394 | 63,266 |
| Deferred policy acquisition costs | 9,491 | 9,139 |
| Property and equipment (at cost, less accumulated depreciation of $74,054 in 2024 and $71,168 in 2023) | 41,221 | 41,304 |
| Prepaid federal income tax | 494,356 | 470,646 |
| Goodwill and acquired intangible assets, net | 69,907 | 72,826 |
| Other assets | 61,981 | 51,051 |
| Total assets | $7,126,539 | $6,426,673 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities | ||
| Reserve for losses and LAE | $288,316 | $260,095 |
| Unearned premium reserve | 120,939 | 140,285 |
| Net deferred tax liability | 410,761 | 362,753 |
| Senior Notes due 2029, net | 493,673 | — |
| Credit facility borrowings (at carrying value, less unamortized deferred costs of $3,080 in 2023) | — | 421,920 |
| Other accrued liabilities | 171,865 | 139,070 |
| Total liabilities | 1,485,554 | 1,324,123 |
| Commitments and contingencies (see Note 7) | ||
| Stockholders’ Equity | ||
| Common shares, $0.015 par value: | ||
| Authorized - 233,333; issued and outstanding - 106,204 shares in 2024 and 106,597 shares in 2023 | 1,593 | 1,599 |
| Additional paid-in capital | 1,276,572 | 1,299,869 |
| Accumulated other comprehensive loss | (190,279) | (280,496) |
| Retained earnings | 4,553,099 | 4,081,578 |
| Total stockholders’ equity | 5,640,985 | 5,102,550 |
| Total liabilities and stockholders’ equity | $7,126,539 | $6,426,673 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.