Articles from Essent Group Ltd.

Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, February 14, 2025, at 10:00 a.m. Eastern Time to discuss the Company’s fourth quarter 2024 results, which will be announced prior to the market open on the same day.

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended September 30, 2024 of $176.2 million or $1.65 per diluted share, compared to $178.0 million or $1.66 per diluted share for the quarter ended September 30, 2023.

Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, November 1, 2024, at 10:00 a.m. Eastern Time to discuss the Company’s third quarter 2024 results, which will be announced prior to the market open on the same day.

Essent Group Ltd. (NYSEESNT) announced that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $363.4 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in July 2023 through July 2024 from Radnor Re 2024-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2024-1 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd.

Essent Group Ltd. (NYSEESNT) reported today that Fannie Mae and Freddie Mac (the “GSEs”), under the oversight of the Federal Housing Finance Authority (“FHFA”), issued updates to the Private Mortgage Insurer Eligibility Requirements (“PMIERs”) calculation of Available Assets and planned sunset of the use of the 0.3x Required Asset multiplier for loans in a COVID forbearance plan.

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended June 30, 2024 of $203.6 million or $1.91 per diluted share, compared to $172.2 million or $1.61 per diluted share for the quarter ended June 30, 2023.

Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, August 2, 2024, at 10:00 a.m. Eastern Time to discuss the Company’s second quarter 2024 results, which will be announced prior to the market open on the same day.

Essent Group Ltd. (NYSEESNT) (the “Company”) announced today that it has closed upon two transactions that collectively represent access to approximately $1 billion in capital for the Company.

Essent Group Ltd. (NYSEESNT) (the “Company”) today announced that it has priced its public offering (the “Offering”) of $500 million aggregate principal amount of senior unsecured notes (the “Notes”). The Offering is expected to close on July 1, 2024, subject to customary closing conditions.

Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI) and subsidiary of Essent Group Ltd. (NYSEESNT) announced today an enhanced integration with PMI Rate Pro, an innovator in MI pricing platforms, to now include ordering MI. This represents an improvement in efficiency and accessibility for our mutual customers and prospective homeowners.

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended March 31, 2024 of $181.7 million or $1.70 per diluted share, compared to $170.8 million or $1.59 per diluted share for the quarter ended March 31, 2023.

Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, May 3, 2024, at 10:00 a.m. Eastern Time to discuss the Company’s first quarter 2024 results, which will be announced prior to the market open on the same day.

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended December 31, 2023 of $175.4 million or $1.64 per diluted share, compared to $147.4 million or $1.37 per diluted share for the quarter ended December 31, 2022. For the full year 2023, net income was $696.4 million or $6.50 per diluted share, compared to $831.4 million or $7.72 per diluted share for 2022.

Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, February 9, 2024, at 10:00 a.m. Eastern Time to discuss the Company’s fourth quarter 2023 results, which will be announced prior to the market open on the same day.

Essent Group Ltd. (NYSEESNT) (“Essent”) today announced that S&P Global Ratings (“S&P”) has raised its long-term insurer financial strength and issuer credit ratings on its wholly owned subsidiaries, Essent Guaranty, Inc. (“Essent Guaranty”) and Essent Reinsurance Ltd. (“Essent Re”) to ‘A-’ from ‘BBB+’, with a stable outlook.

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended September 30, 2023 of $178.0 million or $1.66 per diluted share, compared to $178.1 million or $1.66 per diluted share for the quarter ended September 30, 2022.

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

Essent Group Ltd. (NYSEESNT) 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.

Essent Group Ltd. (NYSEESNT) announced today that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $281.5 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in August 2022 through June 2023 from Radnor Re 2023-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2023-1 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd.

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended June 30, 2023 of $172.2 million or $1.61 per diluted share, compared to $231.8 million or $2.16 per diluted share for the quarter ended June 30, 2022.

Essent Group Ltd. (NYSEESNT) 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.

Essent Group Ltd. (NYSEESNT) announced today that it has completed its previously announced acquisition of Agents National Title Holding Company (“Agents National Title”) and Boston National Holdings LLC (“Boston National Title”) through its subsidiary Essent US Holdings, Inc. from Incenter LLC, a subsidiary of Finance of America Companies Inc. NYSE: FOANYSEFOA)

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended March 31, 2023 of $170.8 million or $1.59 per diluted share, compared to $274.2 million or $2.52 per diluted share for the quarter ended March 31, 2022.

Essent Group Ltd. (NYSEESNT) 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.

Essent Group Ltd. (NYSEESNT), 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.

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended December 31, 2022 of $147.4 million or $1.37 per diluted share, compared to $181.0 million or $1.64 per diluted share for the quarter ended December 31, 2021. For the full year 2022, net income was $831.4 million or $7.72 per diluted share, compared to $681.8 million or $6.11 per diluted share for 2021.

Essent Group Ltd. (NYSEESNT) announced today that it has entered into an agreement through its subsidiary Essent US Holdings, Inc. to acquire Agents National Title Holding Company (“Agents National Title”) and Boston National Holdings LLC (“Boston National Title”) from Incenter LLC, a subsidiary of Finance of America Companies Inc. NYSE:FOANYSEFOA)

Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, February 10, 2023, at 10:00 a.m. Eastern Time to discuss the Company’s fourth quarter 2022 results, which will be announced prior to the market open on the same day.

November 4, 2022--Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended September 30, 2022 of $178.1 million or $1.66 per diluted share, compared to $205.4 million or $1.84 per diluted share for the quarter ended September 30, 2021.

Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, November 4, 2022, at 10:00 a.m. Eastern Time to discuss the Company’s third quarter 2022 results, which will be announced prior to the market open on the same day.

Essent Group Ltd. (NYSEESNT) announced today that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $237.9 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in October 2021 through July 2022 from Radnor Re 2022-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2022-1 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd.

Essent Group Ltd. (NYSEESNT) announced today that Anu (Henna) A. Karna has joined its Board of Directors.

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended June 30, 2022 of $231.8 million or $2.16 per diluted share, compared to $159.8 million or $1.42 per diluted share for the quarter ended June 30, 2021.

Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, August 5, 2022, at 10:00 a.m. Eastern Time to discuss the Company’s second quarter 2022 results, which will be announced prior to the market open on the same day.

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended March 31, 2022 of $274.2 million or $2.52 per diluted share, compared to $135.6 million or $1.21 per diluted share for the quarter ended March 31, 2021.

Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, May 6, 2022, at 10:00 a.m. Eastern Time to discuss the Company’s first quarter 2022 results, which will be announced prior to the market open on the same day.

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended December 31, 2021 of $181.0 million or $1.64 per diluted share, compared to $123.6 million or $1.10 per diluted share for the quarter ended December 31, 2020. For the full year 2021, net income was $681.8 million or $6.11 per diluted share, compared to $413.0 million or $3.88 per diluted share for 2020.

Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, February 11, 2022, at 10:00 a.m. Eastern Time to discuss the Company’s fourth quarter and full year 2021 results, which will be announced prior to the market open on the same day.

Essent Group Ltd. (NYSEESNT) today announced that it has amended its credit facility (the “Credit Facility”) to increase the total facility from $625 million to $825 million with terms that provide for:

Essent Group Ltd. (NYSEESNT) announced today the promotion of Christopher G. Curran to the role of President of Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI) and subsidiary of Essent Group Ltd. As President, Curran will have responsibility for the overall operations of the MI company including, business development, IT, operations, public policy and risk and report directly to Mark A. Casale who will continue to serve as Chairman of the Board of Directors and Chief Executive Officer of Essent Group Ltd. and its subsidiaries.

Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI) and subsidiary of Essent Group Ltd. (NYSEESNT) announced today they have partnered with OpenClose, a leading fintech provider and developer of enterprise-level mortgage lending software, to offer Essent’s products and services through their LenderAssist™ loan origination system (LOS).

Essent Group Ltd. (NYSEESNT) announced today that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $439.4 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in April 2021 through September 2021 from Radnor Re 2021-2 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2021-2 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd.

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended September 30, 2021 of $205.4 million or $1.84 per diluted share, compared to $124.5 million or $1.11 per diluted share for the quarter ended September 30, 2020.

Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, November 5, 2021, at 10:00 a.m. Eastern Time to discuss the Company’s third quarter 2021 results, which will be announced prior to the market open on the same day.

Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI) and a subsidiary of Essent Group Ltd. (NYSEESNT), announced today the launch of the next generation of their risk-based pricing engine, EssentEDGE, an enhanced platform uniquely blending proprietary risk metrics and advanced analytics with more traditional credit factors to offer more refined pricing to Essent’s lender partners.

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended June 30, 2021 of $159.8 million or $1.42 per diluted share, compared to $15.4 million or $0.15 per diluted share for the quarter ended June 30, 2020.

Essent Group Ltd. (NYSEESNT) announced today that Adolfo Marzol will serve as Special Advisor to the Chairman and Chief Executive Officer.

Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, August 6, 2021, at 10:00 a.m. Eastern Time to discuss the Company’s second quarter 2021 results, which will be announced prior to the market open on the same day.

Essent Group Ltd. (NYSEESNT) announced today that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $557.9 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in August 2020 through March 2021 from Radnor Re 2021-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2021-1 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd.

Essent Group Ltd. (NYSEESNT) today reported net income for the quarter ended March 31, 2021 of $135.6 million or $1.21 per diluted share, compared to $149.5 million or $1.52 per diluted share for the quarter ended March 31, 2020.

Essent Group Ltd. (NYSEESNT) today announced that it will hold a conference call on Friday, May 7, 2021, at 10:00 a.m. Eastern Time to discuss the Company’s first quarter 2021 results, which will be announced prior to the market open on the same day.