Detail akcie Essent Group online

Business Summary: Essent Group Ltd. is a holding company. The Company, through its wholly owned subsidiaries, offers private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. In addition to offering mortgage insurance, it provides contract underwriting services on a limited basis through CUW Solutions, LLC. It also offers mortgage-related insurance and reinsurance through its Bermuda-based subsidiary, Essent Reinsurance Ltd. It provides private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners. Its products and services include mortgage insurance, contract underwriting, and Bermuda-Based insurance and reinsurance. It offers two types of private mortgage insurance, namely primary and pool. Its subsidiaries also include Agents National Title Holding Company and Boston National Holdings LLC.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Essent Group Ltd revenues increased 11% to $1.11B. Net income decreased 16% to $696.4M. Revenues reflect Gross investment income increase of 46% to $192.5M, Investment expenses increase of 15% to -$6.3M. Net income was offset by GAAP Expense Ratio - % increase of 20% to 24.5%, Compensation & Benefits increase of 15% to $114.9M (expense), Interest expense increase of 93% to $30.1M (expense).