Essent Group Q2 net income falls to $172.2 million; revenue rises 6%
Essent Group reported second-quarter 2023 net income of $172.2 million, or $1.61 per diluted share, down from $231.8 million, or $2.16 per diluted share, a year earlier. Total revenues rose to $260.1 million from $244.4 million, and the board declared a $0.25 quarterly dividend payable September 11, 2023.
- Net income $172.2 million, or $1.61 per diluted share, versus $231.8 million, or $2.16, in Q2 2022
- Total revenues $260.1 million versus $244.4 million a year earlier
- Quarterly dividend of $0.25 per share, payable September 11, 2023, to holders of record on September 1, 2023
- Completed acquisition of Agents National Title Holding Company and Boston National Holdings LLC on July 1, 2023, for $92.6 million