NYSE$ESNT
Essent Group · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Essent's financial results for Q2 2023 reflected a high-quality portfolio and resilience in housing and employment.
Essent Group Ltd. reported a net income of $172.2 million for the quarter ended June 30, 2023, or $1.61 per diluted share. The company's Board of Directors has declared a quarterly cash dividend of $0.25 per common share.
- New insurance written for the second quarter of 2023 was $13.5 billion.
- Insurance in force as of June 30, 2023 was $235.6 billion.
- The combined ratio for the second quarter of 2023 was 20.4%.
- Essent successfully executed a consent and tender process on $637 million of outstanding notes from two seasoned ILN deals.
Headline financials
Revenue & EPS history
Essent · Revenue · Quarterly
$260M
Forward guidance
This press release may include “forward-looking statements” which are subject to known and unknown risks and uncertainties, many of which may be beyond our control.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+0.9%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+1.3%
Avg return
30 days after
65%
32 / 49 earnings
Positive
+7.2%
Q2 2014
Best reaction
-9.8%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.1% | -2.7% | -6.8% | |
| Q4 2025 | -6.4% | -6.7% | -11.5% | |
| Q3 2025 | +0.6% | +1.2% | +1.8% | |
| Q1 2025 | -0.4% | -0.4% | -1.5% | |
| Q4 2024 | -2.6% | +0.3% | -4.3% | |
| Q3 2024 | -9.8% | -6.0% | -3.7% | |
| Q2 2024 | -4.4% | -4.2% | +5.0% | |
| Q1 2024 | +2.7% | +3.2% | +4.5% | |
| Q4 2023 | +0.3% | -1.3% | +2.0% | |
| Q3 2023 | +2.7% | +1.8% | +2.6% | |
| Q2 2023 | +4.1% | +3.0% | -0.7% | |
| Q1 2023 | +5.0% | +6.3% | +12.6% | |
| Q4 2022 | +2.5% | +3.1% | -6.1% | |
| Q3 2022 | +0.9% | -2.4% | +3.5% | |
| Q2 2022 | +0.2% | +0.4% | -8.8% | |
| Q1 2022 | -0.7% | -2.3% | +2.1% | |
| Q4 2021 | -0.5% | +2.3% | -10.5% | |
| Q3 2021 | +1.6% | -0.2% | -9.8% | |
| Q2 2021 | +2.4% | +3.6% | +1.3% | |
| Q1 2021 | -2.5% | -6.8% | -4.1% | |
| Q4 2020 | -0.2% | -0.3% | +0.3% | |
| Q3 2020 | +5.2% | +3.1% | +9.4% | |
| Q2 2020 | +4.0% | +3.7% | +3.7% | |
| Q1 2020 | -1.2% | -11.5% | +30.4% | |
| Q4 2019 | -5.1% | -9.0% | -27.6% | |
| Q3 2019 | +1.3% | +2.8% | +2.4% | |
| Q2 2019 | -1.2% | +1.3% | +6.9% | |
| Q1 2019 | +1.7% | -2.4% | -2.0% | |
| Q4 2018 | +0.8% | +4.7% | +3.8% | |
| Q3 2018 | -3.0% | -3.5% | -13.3% | |
| Q2 2018 | +5.3% | +7.3% | +13.4% | |
| Q1 2018 | +5.5% | +4.1% | +2.6% | |
| Q4 2017 | +3.1% | +9.4% | +9.8% | |
| Q3 2017 | -0.5% | +1.3% | +11.4% | |
| Q2 2017 | +5.9% | +1.7% | +1.6% | |
| Q1 2017 | -5.4% | -0.2% | -0.5% | |
| Q4 2016 | +1.7% | +0.4% | -3.1% | |
| Q3 2016 | +4.8% | +8.5% | +20.9% | |
| Q2 2016 | +6.9% | +10.5% | +11.8% | |
| Q1 2016 | +4.8% | — | — | |
| Q4 2015 | +1.4% | — | — | |
| Q3 2015 | +2.4% | — | — | |
| Q2 2015 | -5.7% | — | — | |
| Q1 2015 | +3.0% | — | — | |
| Q4 2014 | +0.6% | — | — | |
| Q3 2014 | +0.2% | — | — | |
| Q2 2014 | +7.2% | — | — | |
| Q1 2014 | +3.8% | — | — | |
| Q4 2013 | -2.4% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — |
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