Essent

Essent Group Ltd. Announces Third Quarter 2023 Results and Declares Quarterly Dividend

Retrieved on: 
Thursday, November 2, 2023

Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share.

Key Points: 
  • Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share.
  • The dividend is payable on December 11, 2023, to shareholders of record on December 1, 2023.
  • “We are pleased with our third quarter 2023 financial results, as we continue to generate high quality earnings and robust returns,” said Mark A. Casale, Chairman and Chief Executive Officer.
  • Net investment income for the third quarter of 2023 was $47.1 million, up 44% from the third quarter of 2022.

Essent Announces Integration with Mortgage Cadence’s Loan Fulfillment Center

Retrieved on: 
Tuesday, October 24, 2023

Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI) and subsidiary of Essent Group Ltd. (NYSE: ESNT) announced today they have integrated with Mortgage Cadence’s Loan Fulfillment Center (“LFC”).

Key Points: 
  • Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI) and subsidiary of Essent Group Ltd. (NYSE: ESNT) announced today they have integrated with Mortgage Cadence’s Loan Fulfillment Center (“LFC”).
  • “We are pleased to expand our integration with Mortgage Cadence to now provide mutual customers access to Essent’s products and services through their LFC platform,” said Kendra Placek, Vice President of Customer Experience and Innovation at Essent.
  • “We are thrilled to announce the availability of Essent MI on the LFC platform with our 23.1 release.
  • Essent is a valued partner who prioritizes the ability to order mortgage insurance in an efficient process, while mitigating risk for our clients,” says Jim Rosen, EVP of Services at Mortgage Cadence.

Essent Group Ltd. Schedules Third Quarter Earnings Conference Call for November 2, 2023

Retrieved on: 
Thursday, October 5, 2023

Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Thursday, November 2, 2023, at 10:00 a.m. Eastern Time to discuss the Company’s third quarter 2023 results, which will be announced prior to the market open on the same day.

Key Points: 
  • Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Thursday, November 2, 2023, at 10:00 a.m. Eastern Time to discuss the Company’s third quarter 2023 results, which will be announced prior to the market open on the same day.
  • The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx .
  • The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent.
  • A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one year.

AM Best Affirms Credit Ratings of Operating Subsidiaries of Essent Group Ltd.

Retrieved on: 
Friday, September 22, 2023

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of the operating subsidiaries of Essent Group Ltd., which are Essent Guaranty, Inc., Essent Guaranty of PA, Inc. (both domiciled in Radnor, PA) and Essent Reinsurance Ltd. (Hamilton, Bermuda) (collectively referred to as Essent).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of the operating subsidiaries of Essent Group Ltd., which are Essent Guaranty, Inc., Essent Guaranty of PA, Inc. (both domiciled in Radnor, PA) and Essent Reinsurance Ltd. (Hamilton, Bermuda) (collectively referred to as Essent).
  • The ratings reflect Essent’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Essent Group Ltd. Announces Second Quarter 2023 Results and Declares Quarterly Dividend

Retrieved on: 
Friday, August 4, 2023

Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share.

Key Points: 
  • Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share.
  • The dividend is payable on September 11, 2023, to shareholders of record on September 1, 2023.
  • “We are pleased with our second quarter 2023 financial results, which reflect the high quality of our portfolio and the resilience in housing and employment,” said Mark A. Casale, Chairman and Chief Executive Officer.
  • The combined ratio for the second quarter of 2023 was 20.4%, compared to 22.7% in the first quarter of 2023 and (16.2)% in the second quarter of 2022.

Essent Group Ltd. Schedules Second Quarter Earnings Conference Call for August 4, 2023

Retrieved on: 
Wednesday, July 12, 2023

Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Friday, August 4, 2023, at 10:00 a.m. Eastern Time to discuss the Company’s second quarter 2023 results, which will be announced prior to the market open on the same day.

Key Points: 
  • Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Friday, August 4, 2023, at 10:00 a.m. Eastern Time to discuss the Company’s second quarter 2023 results, which will be announced prior to the market open on the same day.
  • The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx .
  • The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent.
  • A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one year.

Essent Group Ltd. Announces First Quarter 2023 Results and Declares Quarterly Dividend

Retrieved on: 
Friday, May 5, 2023

Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share.

Key Points: 
  • Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share.
  • The dividend is payable on June 12, 2023, to shareholders of record on June 1, 2023.
  • “We are pleased with our first quarter 2023 financial results, which benefited from rising interest rates and favorable credit performance,” said Mark A. Casale, Chairman and Chief Executive Officer.
  • The combined ratio for the first quarter of 2023 was 22.7%, compared to 24.6% in the fourth quarter of 2022 and (30.7)% in the first quarter of 2022.

Essent Group Ltd. Schedules First Quarter Earnings Conference Call for May 5, 2023

Retrieved on: 
Thursday, April 13, 2023

Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Friday, May 5, 2023, at 10:00 a.m. Eastern Time to discuss the Company’s first quarter 2023 results, which will be announced prior to the market open on the same day.

Key Points: 
  • Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Friday, May 5, 2023, at 10:00 a.m. Eastern Time to discuss the Company’s first quarter 2023 results, which will be announced prior to the market open on the same day.
  • The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx .
  • The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent.
  • A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one year.

Essent Group Ltd. Announces the Promotion of David B. Weinstock to Chief Financial Officer

Retrieved on: 
Wednesday, March 15, 2023

Essent Group Ltd. (NYSE: ESNT), a leading provider of mortgage insurance and reinsurance, announced today the promotion of David B. Weinstock to the role of Senior Vice President, Chief Financial Officer of Essent Group Ltd. Weinstock has served as interim Chief Financial Officer since June 28, 2022, and as Vice President and Chief Accounting Officer since 2009.

Key Points: 
  • Essent Group Ltd. (NYSE: ESNT), a leading provider of mortgage insurance and reinsurance, announced today the promotion of David B. Weinstock to the role of Senior Vice President, Chief Financial Officer of Essent Group Ltd. Weinstock has served as interim Chief Financial Officer since June 28, 2022, and as Vice President and Chief Accounting Officer since 2009.
  • “Dave brings a deep understanding of our business and the mortgage insurance industry,” said Mark Casale, Chairman and Chief Executive Officer.
  • “I look forward to his leadership as Chief Financial Officer and continued support of our business and long-term growth of the Essent franchise.”
    Weinstock brings more than 25 years of experience in the areas of finance, accounting, and controls.
  • “I am excited about the Chief Financial Officer role and partnering with Essent’s senior team in support of Mark and our business,” said Weinstock.

Essent Group Ltd. Announces Fourth Quarter & Full Year 2022 Results and Increases Quarterly Dividend

Retrieved on: 
Friday, February 10, 2023

Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share.

Key Points: 
  • Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share.
  • The dividend is payable on March 20, 2023, to shareholders of record on March 10, 2023.
  • The combined ratio for the fourth quarter was 24.6%, compared to 22.3% in the third quarter of 2022 and 17.4% in the fourth quarter of 2021.
  • During the fourth quarter of 2022, we entered into a quota share reinsurance transaction with a panel of highly rated third-party reinsurers.