Essent Group (ESNT) Tops Q1 EPS by 13c

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Go back to Essent Group (ESNT) Tops Q1 EPS by 13c

Essent Group Ltd. Announces First Quarter 2023 Results and Declares Quarterly Dividend

May 5, 2023 6:30 AM EDT

HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) 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 also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share. The dividend is payable on June 12, 2023, to shareholders of record on June 1, 2023.

We are pleased with our first quarter 2023 financial results, which benefited from rising interest rates and favorable credit performance, said Mark A. Casale, Chairman and... More