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. (NYSE: ESNT) is a Bermuda-based holding company that, together with its subsidiaries, serves the housing finance industry through private mortgage insurance, reinsurance, and title insurance and settlement services. This news page focuses on company announcements and financial updates that relate directly to Essent’s mortgage insurance portfolio, capital position, and activities in the housing finance market.
Readers can find quarterly and annual earnings releases in which Essent reports net income, earnings per share, net premiums earned, net investment income, and comprehensive income. These releases also provide detailed supplemental information on the U.S. mortgage insurance portfolio, including new insurance written, insurance in force, risk in force, policies in force, and reserve levels for losses and loss adjustment expenses.
Essent’s news frequently covers dividend declarations on its common shares and share repurchase authorizations approved by its Board of Directors, along with updates on the number of shares repurchased and related amounts under these plans. The company also announces reinsurance and risk transfer transactions, such as forward quota share agreements, excess of loss reinsurance agreements with panels of highly rated third‑party reinsurers, and mortgage insurance‑linked note transactions that provide collateralized reinsurance coverage for specified periods of new insurance written.
Other notable items in Essent’s news flow include credit rating actions by external rating agencies on the company and its insurance subsidiaries, as well as schedules and access details for earnings conference calls and related webcasts. Investors and analysts who follow ESNT can use this page to review the company’s official press releases and understand how Essent describes the performance of its mortgage insurance business, its investment portfolio, and its capital management decisions over time.
Essent Group Ltd. (NYSE: ESNT) will hold a conference call on November 6, 2020, at 10:00 a.m. ET to discuss its third quarter 2020 results, which will be announced prior to the market opening. A live broadcast will be available online, and a recording will be accessible shortly after the call. Essent, through its subsidiary, Essent Guaranty, Inc., offers private mortgage insurance in the U.S., contributing to mortgage credit risk mitigation. The company is licensed in all 50 states and approved by Fannie Mae and Freddie Mac.
Essent Group Ltd. (NYSE: ESNT) announced that its subsidiary, Essent Guaranty, Inc., secured $399.2 million in fully collateralized excess of loss reinsurance coverage for mortgage insurance policies written from September 2019 to July 2020. This coverage was obtained through Radnor Re 2020-2 Ltd., a new Bermuda-based special purpose insurer. The reinsurance obligations were funded via the issuance of five classes of mortgage insurance-linked notes, amounting to $399.2 million, with varied interest rates based on one-month LIBOR.