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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38721935616011124
Cash and cash equivalents716544282524
Short-term investments31515431313286 
Total current assets:38721935616011124
Noncurrent Assets
Operating lease, right-of-use asset10
Property, plant and equipment1787896
Long-term investments and receivables7931    
Long-term investments7931    
Total noncurrent assets:106397896
Other undisclosed assets3,3812,8922,3111,7151,3491,151
TOTAL ASSETS:3,8733,1502,6741,8831,4691,181
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt250     
Deferred income tax liabilities250
Total noncurrent liabilities:250     
Other undisclosed liabilities639784734539350226
Total liabilities:889784734539350226
Stockholders' equity
Stockholders' equity attributable to parent2,9852,3661,9401,3441,119956
Common stock111111
Additional paid in capital1,1191,1111,127918904893
Accumulated other comprehensive income (loss)56(29)(3)(12)(0)5
Retained earnings1,8091,28281543621456
Total stockholders' equity:2,9852,3661,9401,3441,119956
TOTAL LIABILITIES AND EQUITY:3,8733,1502,6741,8831,4691,181

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues868719577458353239
Premiums earned, net777649
Financial services revenue530423326223
Cost of revenue
(Financial Services Costs)
   (16)(12)(6)
Gross profit:868719577443341233
Operating expenses     (14)
Operating income:868719577443341219
Nonoperating expense
(Investment Income, Nonoperating)
     (7)
Interest and debt expense(10)(10)(5)   
Other undisclosed loss from continuing operations before equity method investments, income taxes(198)(162)(173)(131)(113)(76)
Income from continuing operations before income taxes:659547399312228136
Income tax expense(103)(79)(19)(89)(71)(47)
Net income attributable to parent:55646738022315788
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:55646738022315788

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:55646738022315788
Other comprehensive loss   (12)  
Comprehensive income:55646738021015788
Other undisclosed comprehensive income (loss), net of tax, attributable to parent85(26)8 (5)6
Comprehensive income, net of tax, attributable to parent:64144238821015395

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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