Essent Group Ltd. (ESNT) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10338721935616011124
Cash and cash equivalents103716544282524
Short-term investments 31515431313286 
Total current assets:10338721935616011124
Noncurrent Assets
Operating lease, right-of-use asset910
Property, plant and equipment151787896
Long-term investments and receivables897931    
Long-term investments897931    
Total noncurrent assets:113106397896
Other undisclosed assets4,9873,3812,8922,3111,7151,3491,151
TOTAL ASSETS:5,2033,8733,1502,6741,8831,4691,181
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt305250     
Deferred income tax liabilities305250
Total noncurrent liabilities:305250     
Other undisclosed liabilities1,035639784734539350226
Total liabilities:1,340889784734539350226
Stockholders' equity
Stockholders' equity attributable to parent3,8632,9852,3661,9401,3441,119956
Common stock2111111
Additional paid in capital1,5711,1191,1111,127918904893
Accumulated other comprehensive income (loss)13856(29)(3)(12)(0)5
Retained earnings2,1521,8091,28281543621456
Total stockholders' equity:3,8632,9852,3661,9401,3441,119956
TOTAL LIABILITIES AND EQUITY:5,2033,8733,1502,6741,8831,4691,181

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues955868719577458353239
Premiums earned, net863777649
Financial services revenue530423326223
Cost of revenue
(Financial Services Costs)
    (16)(12)(6)
Gross profit:955868719577443341233
Operating expenses      (14)
Operating income:955868719577443341219
Nonoperating expense
(Investment Income, Nonoperating)
      (7)
Interest and debt expense(9)(10)(10)(5)   
Other undisclosed loss from continuing operations before equity method investments, income taxes(456)(198)(162)(173)(131)(113)(76)
Income from continuing operations before income taxes:490659547399312228136
Income tax expense(77)(103)(79)(19)(89)(71)(47)
Net income attributable to parent:41355646738022315788
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:41355646738022315788

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:41355646738022315788
Other comprehensive loss    (12)  
Comprehensive income:41355646738021015788
Other undisclosed comprehensive income (loss), net of tax, attributable to parent8285(26)8 (5)6
Comprehensive income, net of tax, attributable to parent:49564144238821015395

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.

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