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.
Essent Group Ltd. (NYSE: ESNT) reported a remarkable net income of $159.8 million or $1.42 per diluted share for Q2 2021, significantly higher than $15.4 million or $0.15 in Q2 2020. The Board declared a $0.18 quarterly cash dividend, payable on September 10, 2021. Key figures include $203.6 billion in insurance in force, $25.0 billion in new insurance written, and a 23.3% combined ratio. The percentage of loans in default decreased to 2.96%. Management expressed confidence in the favorable operating environment and strong earnings performance.
Essent Group Ltd. (NYSE: ESNT) has appointed Adolfo Marzol as Special Advisor to the Chairman and CEO. Mark A. Casale, Chairman, expressed confidence in Marzol's experience in housing finance, emphasizing his significant role in the company's founding. Marzol, who has held senior positions at Essent, Fannie Mae, and Chase Manhattan Mortgage, aims to leverage his expertise to influence company strategy and growth. Essent provides private mortgage insurance in the U.S. and is committed to ESG initiatives.
Essent Group Ltd. (NYSE: ESNT) will hold a conference call on August 6, 2021, at 10:00 a.m. ET to discuss its Q2 2021 results, released prior to market opening. The call will be accessible via the company's website and through dial-in options for both U.S. and international callers. A replay will be available shortly after for two weeks. Essent Group provides private mortgage insurance in the U.S. and is licensed in all 50 states, highlighting its broad market reach.
Essent Group Ltd. (NYSE: ESNT) has secured $557.9 million in fully collateralized excess of loss reinsurance coverage for mortgage insurance policies from Radnor Re 2021-1 Ltd., a new Bermuda special purpose insurer, covering policies written between August 2020 and March 2021.
This coverage is funded through five classes of mortgage insurance-linked notes with varying interest rates, targeting third-party capital markets investors. The notes are not registered under U.S. Securities Act, and this announcement does not constitute an offer or solicitation.
Essent Group Ltd. (NYSE: ESNT) reported net income of $135.6 million, or $1.21 per diluted share, for Q1 2021, down from $149.5 million or $1.52 per share in Q1 2020. The company announced a $250 million share repurchase plan and declared a quarterly dividend of $0.17 per share, payable on June 10, 2021. As of March 31, 2021, insurance in force was $197.1 billion, with new insurance written at $19.3 billion. The percentage of loans in default decreased to 3.70% from 3.93% in the previous quarter.
Essent Group Ltd. (NYSE: ESNT) has announced a conference call on May 7, 2021, at 10:00 a.m. Eastern Time to discuss its first quarter 2021 results, which will be released before the market opens. The call will be accessible via a live internet broadcast and telephone dial-in options for U.S. and international participants. A replay will be available after the call for two weeks. Essent Group provides private mortgage insurance through its subsidiary, Essent Guaranty, Inc., and is committed to ESG initiatives.
Essent Group Ltd. (NYSE: ESNT) reported a net income of $123.6 million or $1.10 per diluted share for Q4 2020, down from $147.0 million or $1.49 per share in Q4 2019. For the full year, net income decreased to $413.0 million or $3.88 per diluted share, compared to $555.7 million or $5.66 per diluted share in 2019. The Board declared a quarterly cash dividend of $0.16 per share, payable on March 19, 2021. The company reported insurance in force of $198.9 billion and a combined ratio of 44.5% for Q4 2020. The percentage of loans in default also improved to 3.93%.
Essent Group Ltd. (NYSE: ESNT) will hold a conference call on February 19, 2021, at 10:00 a.m. ET to discuss Q4 and full year 2020 results, which will be released prior to market open. The call will be streamed live on their website, with dial-in options available for participants. A replay of the call will be accessible shortly after the event for two weeks. Essent Group, based in Bermuda, specializes in private mortgage insurance and offers a range of related services across the U.S., aiming to support home financing and mitigate credit risk.
Essent Group Ltd. (NYSE: ESNT) has made a replay of its participation in the MKM Partners Virtual Conference available on its website. The replay features Mark A. Casale, CEO, discussing various topics related to Essent's current trends and future outlook. This session was open to the public and aims to provide insights into the company's strategic direction.
Essent offers private mortgage insurance and is dedicated to supporting ESG initiatives that positively impact communities.
Essent Group Ltd. (NYSE: ESNT) announced that its Chairman and CEO, Mark A. Casale, will participate in the MKM Partners Virtual Conference on December 16, 2020, at 9:10 a.m. ET. The discussion will be accessible via a live webcast on Essent's website, with a replay available afterward. Essent Group specializes in private mortgage insurance through its subsidiary, Essent Guaranty, Inc., supporting lenders and homeowners across the U.S. The company is committed to environmental, social, and governance initiatives, enhancing its role as a responsible corporate citizen.