Essent Group Ltd. (ESNT) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments81103387219356160111
Cash and cash equivalents811037165442825
Short-term investments  31515431313286
Total current assets:81103387219356160111
Noncurrent Assets
Operating lease, right-of-use asset6910
Property, plant and equipment1215178789
Long-term investments and receivables170897931   
Long-term investments170897931   
Total noncurrent assets:18911310639789
Other undisclosed assets5,4524,9873,3812,8922,3111,7151,349
TOTAL ASSETS:5,7225,2033,8733,1502,6741,8831,469
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt374305250    
Deferred income tax liabilities374305250
Total noncurrent liabilities:374305250    
Other undisclosed liabilities1,1121,035639784734539350
Total liabilities:1,4861,340889784734539350
Stockholders' equity
Stockholders' equity attributable to parent4,2363,8632,9852,3661,9401,3441,119
Common stock2211111
Additional paid in capital1,4291,5711,1191,1111,127918904
Accumulated other comprehensive income (loss)5113856(29)(3)(12)(0)
Retained earnings2,7552,1521,8091,282815436214
Total stockholders' equity:4,2363,8632,9852,3661,9401,3441,119
TOTAL LIABILITIES AND EQUITY:5,7225,2033,8733,1502,6741,8831,469

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,029955868719577458353
Premiums earned, net873863777649
Financial services revenue530423326
Cost of revenue
(Financial Services Costs)
     (16)(12)
Gross profit:1,029955868719577443341
Operating income:1,029955868719577443341
Interest and debt expense(8)(9)(10)(10)(5)  
Other undisclosed loss from continuing operations before equity method investments, income taxes (456)(198)(162)(173)(131)(113)
Income from continuing operations before equity method investments, income taxes:1,020490659547399312228
Other undisclosed loss from continuing operations before income taxes(198)      
Income from continuing operations before income taxes:822490659547399312228
Income tax expense(141)(77)(103)(79)(19)(89)(71)
Net income attributable to parent:682413556467380223157
Undistributed earnings (loss) allocated to participating securities, basic   (467)(380)
Other undisclosed net income available to common stockholders, basic   467380  
Net income available to common stockholders, diluted:682413556467380223157

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:682413556467380223157
Other comprehensive loss     (12) 
Comprehensive income:682413556467380210157
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(88)8285(26)8 (5)
Comprehensive income, net of tax, attributable to parent:594495641442388210153

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: