NYSE$ESNT
Essent Group · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Essent reported an increase in third quarter earnings compared to the second quarter, driven by a lower loss provision due to a decrease in new COVID-19 default notices.
Essent Group Ltd. reported a net income of $124.5 million for the quarter ended September 30, 2020, a decrease compared to $144.6 million for the same quarter in 2019. The company's insurance in force grew to $190.8 billion, and new insurance written for the quarter was $36.7 billion. The Board of Directors has declared a quarterly cash dividend of $0.16 per common share.
- Net income for Q3 2020 was $124.5 million, or $1.11 per diluted share, compared to $144.6 million, or $1.47 per diluted share in Q3 2019.
- Insurance in force as of September 30, 2020, reached $190.8 billion, up from $161.0 billion as of September 30, 2019.
- New insurance written in Q3 2020 totaled $36.7 billion, compared to $18.7 billion in Q3 2019.
- The Board of Directors declared a quarterly cash dividend of $0.16 per common share.
Headline financials
Revenue & EPS history
Essent · Revenue · Quarterly
$243M
Forward guidance
No specific forward guidance was provided in the report.
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 Q3 2020
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro