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.
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Condensed Consolidated Statements of Comprehensive Income (Unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (In thousands, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenues: | ||||
| Net premiums written | $242,965 | $240,574 | $727,071 | $656,095 |
| Decrease in unearned premiums | 5,971 | 6,231 | 19,346 | 15,197 |
| Net premiums earned | 248,936 | 246,805 | 746,417 | 671,292 |
| Net investment income | 57,340 | 47,072 | 165,511 | 135,558 |
| Realized investment gains (losses), net | 68 | (235) | (2,236) | (2,312) |
| Income (loss) from other invested assets | 2,820 | (3,143) | 486 | (10,697) |
| Other income | 7,414 | 5,609 | 17,699 | 18,641 |
| Total revenues | 316,578 | 296,108 | 927,877 | 812,482 |
| Losses and expenses: | ||||
| Provision (benefit) for losses and LAE | 30,666 | 10,822 | 40,245 | 11,902 |
| Other underwriting and operating expenses | 57,259 | 54,814 | 170,595 | 145,183 |
| Premiums retained by agents | 9,622 | 13,175 | 29,328 | 13,175 |
| Interest expense | 11,457 | 7,854 | 27,168 | 22,184 |
| Total losses and expenses | 109,004 | 86,665 | 267,336 | 192,444 |
| Income before income taxes | 207,574 | 209,443 | 660,541 | 620,038 |
| Income tax expense | 31,399 | 31,484 | 99,038 | 99,019 |
| Net income | $176,175 | $177,959 | $561,503 | $521,019 |
| Earnings per share: | ||||
| Basic | $1.67 | $1.68 | $5.32 | $4.90 |
| Diluted | 1.65 | 1.66 | 5.26 | 4.86 |
| Weighted average shares outstanding: | ||||
| Basic | 105,266 | 105,979 | 105,539 | 106,387 |
| Diluted | 106,554 | 107,025 | 106,700 | 107,232 |
| Net income | $176,175 | $177,959 | $561,503 | $521,019 |
| Other comprehensive income (loss): | ||||
| Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $20,049 and ($12,800) in the three months ended September 30, 2024 and 2023 and $15,335 and $(8,418) in the nine months ended September 30, 2024 and 2023. | 117,358 | (76,248) | 90,217 | (53,593) |
| Total other comprehensive income (loss) | 117,358 | (76,248) | 90,217 | (53,593) |
| Comprehensive income | $293,533 | $101,711 | $651,720 | $467,426 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.