Essent Group Ltd is a provider of private mortgage insurance and mortgage-related risk management solutions for residential mortgage lenders and servicers in the United States
The company primarily aims to support the housing market by facilitating the approval of mortgage loans, thereby enabling homeownership for consumers while mitigating risk for lenders. Essent's services also include offering innovative products and technologies designed to meet the evolving needs of the mortgage industry, ensuring a combination of financial stability and security for both borrowers and lenders. Through its comprehensive solutions, Essent plays a significant role in enhancing the overall efficiency and accessibility of the mortgage finance system.
Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended December 31, 2024 of $167.9 million or $1.58 per diluted share, compared to $175.4 million or $1.64 per diluted share for the quarter ended December 31, 2023. For the full year 2024, net income was $729.4 million or $6.85 per diluted share, compared to $696.4 million or $6.50 per diluted share for 2023.
Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, February 14, 2025, at 10:00 a.m. Eastern Time to discuss the Company’s fourth quarter 2024 results, which will be announced prior to the market open on the same day.
Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended September 30, 2024 of $176.2 million or $1.65 per diluted share, compared to $178.0 million or $1.66 per diluted share for the quarter ended September 30, 2023.
Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, November 1, 2024, at 10:00 a.m. Eastern Time to discuss the Company’s third quarter 2024 results, which will be announced prior to the market open on the same day.
Essent Group Ltd. (NYSEESNT) announced that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $363.4 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in July 2023 through July 2024 from Radnor Re 2024-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2024-1 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd.
Essent Group Ltd. (NYSEESNT) reported today that Fannie Mae and Freddie Mac (the “GSEs”), under the oversight of the Federal Housing Finance Authority (“FHFA”), issued updates to the Private Mortgage Insurer Eligibility Requirements (“PMIERs”) calculation of Available Assets and planned sunset of the use of the 0.3x Required Asset multiplier for loans in a COVID forbearance plan.
Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended June 30, 2024 of $203.6 million or $1.91 per diluted share, compared to $172.2 million or $1.61 per diluted share for the quarter ended June 30, 2023.
Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, August 2, 2024, at 10:00 a.m. Eastern Time to discuss the Company’s second quarter 2024 results, which will be announced prior to the market open on the same day.
Essent Group Ltd. (NYSEESNT) (the “Company”) announced today that it has closed upon two transactions that collectively represent access to approximately $1 billion in capital for the Company.
Essent Group Ltd. (NYSEESNT) (the “Company”) today announced that it has priced its public offering (the “Offering”) of $500 million aggregate principal amount of senior unsecured notes (the “Notes”). The Offering is expected to close on July 1, 2024, subject to customary closing conditions.
