Welcome to our dedicated page for Essent Group news (Ticker: ESNT), a resource for investors and traders seeking the latest updates and insights on Essent Group stock.
Essent Group Ltd. serves the housing finance industry through private mortgage insurance and related risk-transfer products for mortgage lenders, borrowers and investors. Its news commonly reports quarterly earnings, new insurance written, insurance in force, investment income, credit trends and the role of reinsurance in managing mortgage credit risk.
Company updates also cover capital management through cash dividends and share repurchases, rating-agency actions tied to Essent Guaranty and Essent Group debt, earnings call schedules and board governance changes.
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Essent Group Ltd. (NYSE: ESNT) announced a conference call scheduled for May 5, 2023, at 10:00 a.m. ET to discuss its Q1 2023 results, which will be released before the market opens. Investors can access the call via a live broadcast on Essent's website or by dialing 888-330-2384 (U.S.) or 240-789-2701 (international) using the passcode 9824537. A replay will be available for one year on the website and for two weeks via the call-in numbers. Essent offers private mortgage insurance in the U.S., providing capital to reduce mortgage credit risk. The company is based in Bermuda and its subsidiary, Essent Guaranty, Inc., is licensed in all 50 states. For further information, visit www.essentgroup.com.
Essent Group Ltd. (NYSE: ESNT) has appointed David B. Weinstock as the new Chief Financial Officer, following his role as interim CFO since June 28, 2022. Weinstock, who also served as Vice President and Chief Accounting Officer since 2009, brings over 25 years of experience in finance and accounting. CEO Mark Casale expressed confidence in Weinstock's leadership to support the company’s growth in the mortgage insurance sector. Essent, headquartered in Bermuda, offers various mortgage-related services and is a licensed provider in all 50 states. The company emphasizes its commitment to responsible corporate citizenship.
Essent Group Ltd. (NYSE: ESNT) reported a net income of $147.4 million or $1.37 per diluted share for Q4 2022, down from $181.0 million or $1.64 per diluted share in Q4 2021. Full year net income reached $831.4 million or $7.72 per diluted share, up from $681.8 million or $6.11 per diluted share in 2021. The company declared a quarterly cash dividend of $0.25 per share, payable on March 20, 2023. New insurance written for Q4 was $13.0 billion, compared to $17.1 billion in Q3 2022. The combined ratio rose to 24.6% in Q4 2022 from 17.4% in Q4 2021.