Essent Group Q3 EPS flat at $1.66; new insurance written $12.5 billion
Essent Group reported third-quarter 2023 net income of $178.0 million, or $1.66 per diluted share, essentially unchanged from $178.1 million, or $1.66 per diluted share, a year earlier. New insurance written fell to $12.5 billion from $17.1 billion in the third quarter of 2022, while insurance in force rose to $238.7 billion, and the company also declared a $0.25 quarterly dividend and approved a $250 million share repurchase plan.
Key points
- Net income of $178.0 million, or $1.66 per diluted share, for the quarter ended September 30, 2023, versus $178.1 million, or $1.66 per diluted share, a year earlier
- New insurance written was $12.5 billion, compared with $13.5 billion in the second quarter of 2023 and $17.1 billion in the third quarter of 2022
- Quarterly cash dividend of $0.25 per share payable December 11, 2023, to holders of record on December 1, 2023; board approved $250 million buyback for January 1, 2024 to December 31, 2025
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.