Essent Group Ltd. (ESNT) Financial Statements (2024 and earlier)

Company Profile

Business Address CLARENDON HOUSE
HAMILTON, HM 11
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6351 - Surety Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments81,24081,491102,830386,712219,346356,218
Cash and cash equivalents81,24081,491102,83071,35064,94643,524
Short-term investments    315,362154,400312,694
Total current assets:81,24081,491102,830386,712219,346356,218
Noncurrent Assets
Operating lease, right-of-use asset13,1006,4008,70010,000
Property, plant and equipment19,57111,92115,09517,3087,6296,979
Long-term investments and receivables257,941170,47288,90478,87330,952 
Long-term investments257,941170,47288,90478,87330,952 
Intangible assets, net (including goodwill), including:      
Other undisclosed intangible assets, net (including goodwill)      
Total noncurrent assets:290,612188,793112,699106,18138,5816,979
Other undisclosed assets5,351,9455,451,8904,987,1953,380,5322,892,0442,311,171
TOTAL ASSETS:5,723,7975,722,1745,202,7243,873,4253,149,9712,674,368
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt356,810373,654305,109249,620  
Deferred income tax liabilities356,810373,654305,109249,620
Total noncurrent liabilities:356,810373,654305,109249,620  
Other undisclosed liabilities904,6781,112,4061,034,982638,960784,254733,932
Total liabilities:1,261,4881,486,0601,340,091888,580784,254733,932
Equity
Equity, attributable to parent4,462,3094,236,1143,862,6332,984,8452,365,7171,940,436
Common stock1,6151,6411,6861,4761,4721,476
Additional paid in capital1,350,3771,428,9521,571,1631,118,6551,110,8001,127,137
Accumulated other comprehensive income (loss)(382,790)50,707138,27456,187(28,993)(3,252)
Retained earnings3,493,1072,754,8142,151,5101,808,5271,282,438815,075
Total equity:4,462,3094,236,1143,862,6332,984,8452,365,7171,940,436
TOTAL LIABILITIES AND EQUITY:5,723,7975,722,1745,202,7243,873,4253,149,9712,674,368

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,000,8241,028,510955,154867,567719,353576,511
Premiums earned, net842,527872,543862,564777,425649,492
Net investment income124,40988,76580,08783,54264,09140,226
Financial services revenue530,130
Gross profit:1,000,8241,028,510955,154867,567719,353576,511
Operating expenses      
Operating income:1,000,8241,028,510955,154867,567719,353576,511
Interest and debt expense(15,608)(8,282)(9,074)(10,151)(10,179)(5,178)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (455,984)(198,355)(162,475)(172,765)
Income from continuing operations before equity method investments, income taxes:985,2161,020,228490,096659,061546,699398,568
Other undisclosed income (loss) from continuing operations before income taxes2,971(197,914)    
Income from continuing operations before income taxes:988,187822,314490,096659,061546,699398,568
Income tax expense(156,834)(140,531)(77,055)(103,348)(79,336)(18,821)
Income from continuing operations:831,353681,783413,041555,713467,363379,747
Income before gain (loss) on sale of properties:681,783413,041555,713467,363379,747
Net income attributable to parent:831,353681,783413,041555,713467,363379,747
Undistributed earnings (loss) allocated to participating securities, basic     (467,363)(379,747)
Other undisclosed net income available to common stockholders, basic     467,363379,747
Net income available to common stockholders, diluted:831,353681,783413,041555,713467,363379,747

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:831,353681,783413,041555,713467,363379,747
Comprehensive income:831,353681,783413,041555,713467,363379,747
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(433,497)(87,567)82,08785,180(25,741)8,068
Comprehensive income, net of tax, attributable to parent:397,856594,216495,128640,893441,622387,815

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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