Every material Form 8-K Essent Group filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Essent Group reported third-quarter 2024 net income of $176.2 million, or $1.65 per diluted share, compared with $178.0 million, or $1.66 per diluted share, a year earlier. Total revenues rose to $316.6 million from $296.1 million, driven by higher net investment income, while losses and expenses also increased. The company also declared a quarterly dividend of $0.28 per share.
Q3 2024 net income $176.2 million vs. $178.0 million in Q3 2023
Diluted EPS $1.65 vs. $1.66 a year earlier
Total revenues $316.6 million vs. $296.1 million; net investment income $57.3 million vs. $47.1 million
Quarterly dividend of $0.28 per share payable December 11, 2024
Essent Group reported second-quarter 2024 net income of $203.6 million, or $1.91 per diluted share, up from $172.2 million, or $1.61 per diluted share, a year earlier. The company also declared a quarterly dividend of $0.28 per share and said it closed about $1 billion in new debt capacity on July 1, 2024, which it says gives it over $1.3 billion in holding company liquidity.
Net income of $203.6 million, or $1.91 per diluted share, for the quarter ended June 30, 2024, versus $172.2 million, or $1.61 per diluted share, a year earlier
New insurance written was $12.5 billion in the second quarter of 2024, up from $8.3 billion in the first quarter but below $13.5 billion in the second quarter of 2023
Quarterly dividend of $0.28 per common share, payable September 10, 2024, to shareholders of record on August 30, 2024
On July 1, 2024, the company closed $500 million of senior unsecured notes and a $500 million unsecured revolving credit facility
Essent Group entered a refinancing agreement on June 26, 2024 for a five-year unsecured revolving credit facility of up to $500 million, up from $400 million of current borrowing capacity. The facility is intended to replace the company's existing senior secured credit facility, and its closing depends on an underwritten senior notes offering and repayment of the term loan borrowings. The filing says term loans are expected to be repaid from the note proceeds, and the new facility adds covenants, including a maximum 30% debt-to-total capitalization ratio.
Five-year unsecured revolving facility of up to $500 million, plus up to $250 million of uncommitted incremental capacity at the company's option
Closing is conditional on an underwritten senior notes offering starting June 26, 2024 and repayment of term loan borrowings under the existing facility
Covenants include a maximum debt-to-total capitalization ratio of 30%, PMIERs compliance and a minimum consolidated net worth requirement
Commitment fee rate at closing is 0.225% annually, based on the company's long-term issuer rating
Essent Group reported first-quarter 2024 net income of $181.7 million, or $1.70 per diluted share, up from $170.8 million, or $1.59 per diluted share, a year earlier. Total revenues rose to $298.4 million from $256.2 million, while new insurance written fell to $8.3 billion from $12.9 billion in the first quarter of 2023. The board also declared a $0.28 quarterly dividend.
Net income of $181.7 million, or $1.70 per diluted share, versus $170.8 million, or $1.59, in Q1 2023
Total revenues of $298.4 million, versus $256.2 million in Q1 2023
New insurance written of $8.3 billion, down from $12.9 billion in Q1 2023 and $8.8 billion in Q4 2023
Quarterly cash dividend of $0.28 per share, payable June 10, 2024, to holders of record on May 31, 2024
Essent Group reported fourth-quarter 2023 net income of $175.4 million, or $1.64 per diluted share, up from $147.4 million, or $1.37 per diluted share, a year earlier. Full-year 2023 net income was $696.4 million, or $6.50 per diluted share, down from $831.4 million, or $7.72 per diluted share, in 2022. The board also declared a quarterly dividend of $0.28 per share.
Q4 2023 net income $175.4 million, $1.64 per diluted share, vs. $147.4 million, $1.37 in Q4 2022
Full-year 2023 net income $696.4 million, $6.50 per diluted share, vs. $831.4 million, $7.72 in 2022
Quarterly dividend of $0.28 per share, payable March 22, 2024, to holders of record March 13, 2024
Q4 2023 new insurance written was $8.8 billion, vs. $13.0 billion in Q4 2022
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Essent Group filing is on SEC EDGAR ↗. 8-K briefs of other companies →