◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

ESSENT GROUP LTD. CIK: 1448893 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001448893-21-000057
Period End Date 20210331
Filing Date 20210507
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance esnt-20210331_htm.xml
Filing Contents
Balance Sheet 65 line items
Line Item Tag Value Unit Period
Amortized cost AvailableForSaleDebtSecuritiesAmortizedCostBasis $4.40B USD Point-in-time
Amortized cost AvailableForSaleDebtSecuritiesAmortizedCostBasis $4.62B USD Point-in-time
Total investments available for sale AvailableForSaleSecuritiesDebtSecurities $4.57B USD Point-in-time
Total investments available for sale AvailableForSaleSecuritiesDebtSecurities $4.70B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $61.83M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $60.97M USD Point-in-time
Other invested assets EquityMethodInvestments $100.39M USD Point-in-time
Other invested assets EquityMethodInvestments $88.90M USD Point-in-time
Total investments Investments $4.65B USD Point-in-time
Total investments Investments $4.80B USD Point-in-time
Cash Cash $81.02M USD Point-in-time
Unamortized deferred costs DeferredFinanceCostsGross $3.28M USD Point-in-time
Unamortized deferred costs DeferredFinanceCostsGross $2.98M USD Point-in-time
Cash Cash $102.83M USD Point-in-time
Accrued investment income AccruedInvestmentIncomeReceivable $23.60M USD Point-in-time
Accrued investment income AccruedInvestmentIncomeReceivable $19.95M USD Point-in-time
Accounts receivable NotesReceivableNet $50.14M USD Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Accounts receivable NotesReceivableNet $45.62M USD Point-in-time
Deferred policy acquisition costs DeferredPolicyAcquisitionCosts $14.72M USD Point-in-time
Deferred policy acquisition costs DeferredPolicyAcquisitionCosts $17.00M USD Point-in-time
Common shares, authorized (in shares) CommonStockSharesAuthorized 233.33M shares Point-in-time
Common shares, authorized (in shares) CommonStockSharesAuthorized 233.33M shares Point-in-time
Property and equipment (at cost, less accumulated depreciation of $61,830 in 2021 and $60,967 in 2020) PropertyPlantAndEquipmentNet $15.10M USD Point-in-time
Common shares, issued (in shares) CommonStockSharesIssued 112.85M shares Point-in-time
Common shares, issued (in shares) CommonStockSharesIssued 112.42M shares Point-in-time
Property and equipment (at cost, less accumulated depreciation of $61,830 in 2021 and $60,967 in 2020) PropertyPlantAndEquipmentNet $14.26M USD Point-in-time
Prepaid federal income tax MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds $302.64M USD Point-in-time
Common shares, outstanding (in shares) CommonStockSharesOutstanding 112.85M shares Point-in-time
Common shares, outstanding (in shares) CommonStockSharesOutstanding 112.42M shares Point-in-time
Prepaid federal income tax MortgageGuarantyInsurerUnitedStatesMortgageGuarantyTaxAndLossBonds $302.64M USD Point-in-time
Other assets OtherAssets $40.79M USD Point-in-time
Other assets OtherAssets $48.12M USD Point-in-time
Total assets Assets $5.33B USD Point-in-time
Total assets Assets $5.20B USD Point-in-time
Reserve for losses and LAE LiabilityForClaimsAndClaimsAdjustmentExpense $374.94M USD Point-in-time
Reserve for losses and LAE LiabilityForClaimsAndClaimsAdjustmentExpense $73.34M USD Point-in-time
Reserve for losses and LAE LiabilityForClaimsAndClaimsAdjustmentExpense $411.12M USD Point-in-time
Reserve for losses and LAE LiabilityForClaimsAndClaimsAdjustmentExpense $69.36M USD Point-in-time
Unearned premium reserve UnearnedPremiums $250.44M USD Point-in-time
Unearned premium reserve UnearnedPremiums $235.73M USD Point-in-time
Net deferred tax liability DeferredIncomeTaxLiabilitiesNet $305.11M USD Point-in-time
Net deferred tax liability DeferredIncomeTaxLiabilitiesNet $318.62M USD Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $2,982 in 2021 and $3,280 in 2020) LineOfCredit $321.72M USD Point-in-time
Credit facility borrowings (at carrying value, less unamortized deferred costs of $2,982 in 2021 and $3,280 in 2020) LineOfCredit $322.02M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrentAndNoncurrent $87.89M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrentAndNoncurrent $123.42M USD Point-in-time
Total liabilities Liabilities $1.41B USD Point-in-time
Total liabilities Liabilities $1.34B USD Point-in-time
Commitments and contingencies (see Note 7) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (see Note 7) CommitmentsAndContingencies - USD Point-in-time
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 112,847 shares in 2021 and 112,423 shares in 2020 CommonStockValue $1.69M USD Point-in-time
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 112,847 shares in 2021 and 112,423 shares in 2020 CommonStockValue $1.69M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.57B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.57B USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $138.27M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $79.07M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.15B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.27B USD Point-in-time
Total stockholders equity StockholdersEquity $3.11B USD Point-in-time
Total stockholders equity StockholdersEquity $3.86B USD Point-in-time
Total stockholders equity StockholdersEquity $3.92B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $5.20B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $5.33B USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit) OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $-10.20M USD 1 Quarter
Change in unrealized appreciation (depreciation) of investments, tax expense (benefit) OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $-6.98M USD 1 Quarter
Net premiums written PremiumsWrittenNet $191.74M USD 1 Quarter
Net premiums written PremiumsWrittenNet $204.36M USD 1 Quarter
Decrease in unearned premiums IncreaseDecreaseInUnearnedPremiumsNet $14.75M USD 1 Quarter
Decrease in unearned premiums IncreaseDecreaseInUnearnedPremiumsNet $14.71M USD 1 Quarter
Net premiums earned PremiumsEarnedNet $219.07M USD 1 Quarter
Net premiums earned PremiumsEarnedNet $206.50M USD 1 Quarter
Net investment income NetInvestmentIncome $20.63M USD 1 Quarter
Net investment income NetInvestmentIncome $21.79M USD 1 Quarter
Realized investment gains, net RealizedInvestmentGainsLosses $641.00K USD 1 Quarter
Realized investment gains, net RealizedInvestmentGainsLosses $3.13M USD 1 Quarter
Other income (loss) OtherIncome $3.30M USD 1 Quarter
Other income (loss) OtherIncome $-1.42M USD 1 Quarter
Total revenues Revenues $244.80M USD 1 Quarter
Total revenues Revenues $228.84M USD 1 Quarter
Provision for losses and LAE LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 $8.06M USD 1 Quarter
Provision for losses and LAE LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 $32.32M USD 1 Quarter
Other underwriting and operating expenses OtherUnderwritingAndOperatingExpenses $41.95M USD 1 Quarter
Other underwriting and operating expenses OtherUnderwritingAndOperatingExpenses $42.24M USD 1 Quarter
Interest expense InterestExpense $2.13M USD 1 Quarter
Interest expense InterestExpense $2.05M USD 1 Quarter
Total losses and expenses BenefitsLossesAndExpenses $52.14M USD 1 Quarter
Total losses and expenses BenefitsLossesAndExpenses $76.61M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $176.70M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $168.19M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $32.54M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $27.18M USD 1 Quarter
Net income NetIncomeLoss $135.65M USD 1 Quarter
Net income NetIncomeLoss $149.52M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.53 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.21 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.21 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.52 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 112.02M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 97.95M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 98.33M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 112.38M shares 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $135.65M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $149.52M USD 1 Quarter
Change in unrealized depreciation of investments, net of tax benefit of $(10,201) and $(6,979) in the three months ended March 31, 2021 and 2020 OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-59.20M USD 1 Quarter
Change in unrealized depreciation of investments, net of tax benefit of $(10,201) and $(6,979) in the three months ended March 31, 2021 and 2020 OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-10.07M USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-10.07M USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-59.20M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $139.45M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $76.44M USD 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $135.65M USD 1 Quarter
Net income NetIncomeLoss $149.52M USD 1 Quarter
Gain on the sale of investments, net RealizedInvestmentGainsLosses $641.00K USD 1 Quarter
Gain on the sale of investments, net RealizedInvestmentGainsLosses $3.13M USD 1 Quarter
Equity in net (income) loss of other invested assets IncomeLossFromEquityMethodInvestments $-96.00K USD 1 Quarter
Equity in net (income) loss of other invested assets IncomeLossFromEquityMethodInvestments $526.00K USD 1 Quarter
Distribution of income from other invested assets EquityMethodInvestmentDividendsOrDistributions $339.00K USD 1 Quarter
Distribution of income from other invested assets EquityMethodInvestmentDividendsOrDistributions $428.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $863.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $878.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $4.78M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $5.18M USD 1 Quarter
Amortization of premium on investment securities InvestmentIncomeAmortizationOfPremium $6.47M USD 1 Quarter
Amortization of premium on investment securities InvestmentIncomeAmortizationOfPremium $5.84M USD 1 Quarter
Deferred income tax provision DeferredIncomeTaxExpenseBenefit $17.05M USD 1 Quarter
Deferred income tax provision DeferredIncomeTaxExpenseBenefit $23.71M USD 1 Quarter
Accrued investment income IncreaseDecreaseInAccruedInvestmentIncomeReceivable $37.00K USD 1 Quarter
Accrued investment income IncreaseDecreaseInAccruedInvestmentIncomeReceivable $3.65M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-805.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-3.87M USD 1 Quarter
Deferred policy acquisition costs IncreaseDecreaseInDeferredPolicyAcquisitionCosts $-558.00K USD 1 Quarter
Deferred policy acquisition costs IncreaseDecreaseInDeferredPolicyAcquisitionCosts $-2.28M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $6.87M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $2.88M USD 1 Quarter
Reserve for losses and LAE IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve $36.18M USD 1 Quarter
Reserve for losses and LAE IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve $3.98M USD 1 Quarter
Unearned premium reserve IncreaseDecreaseInUnearnedPremiums $-14.75M USD 1 Quarter
Unearned premium reserve IncreaseDecreaseInUnearnedPremiums $-14.71M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInAccruedLiabilities $88.00K USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInAccruedLiabilities $-461.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $163.13M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $187.77M USD 1 Quarter
Net change in short-term investments PaymentsForProceedsFromShortTermInvestments $279.80M USD 1 Quarter
Net change in short-term investments PaymentsForProceedsFromShortTermInvestments $-277.53M USD 1 Quarter
Purchase of investments available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $294.75M USD 1 Quarter
Purchase of investments available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $681.52M USD 1 Quarter
Proceeds from maturity of investments available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $56.60M USD 1 Quarter
Proceeds from maturity of investments available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $29.47M USD 1 Quarter
Proceeds from sales of investments available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $166.39M USD 1 Quarter
Proceeds from sales of investments available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $159.13M USD 1 Quarter
Purchase of other invested assets PaymentsToAcquireEquityMethodInvestments $2.31M USD 1 Quarter
Purchase of other invested assets PaymentsToAcquireEquityMethodInvestments $11.15M USD 1 Quarter
Return of investment from other invested assets ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $6.46M USD 1 Quarter
Return of investment from other invested assets ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $7.30M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $466.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $574.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-381.43M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-186.26M USD 1 Quarter
Credit facility borrowings ProceedsFromLongTermLinesOfCredit - USD 1 Quarter
Credit facility borrowings ProceedsFromLongTermLinesOfCredit $200.00M USD 1 Quarter
Treasury stock acquired PaymentsForRepurchaseOfCommonStock $5.38M USD 1 Quarter
Treasury stock acquired PaymentsForRepurchaseOfCommonStock $6.31M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $17.94M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $15.69M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $178.00M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-23.32M USD 1 Quarter
Net decrease in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-40.30M USD 1 Quarter
Net decrease in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-21.81M USD 1 Quarter
Cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $102.83M USD Point-in-time
Cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $81.02M USD Point-in-time
Cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $71.35M USD Point-in-time
Cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $31.05M USD Point-in-time
Cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $102.83M USD Point-in-time
Cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $81.02M USD Point-in-time
Cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $71.35M USD Point-in-time
Cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $31.05M USD Point-in-time
Interest payments InterestPaidNet $1.76M USD 1 Quarter
Interest payments InterestPaidNet $1.64M USD 1 Quarter
Stockholders Equity 10 line items
Line Item Tag Value Unit Period
Stockholders equity, beginning of period StockholdersEquity $3.11B USD Point-in-time
Stockholders equity, beginning of period StockholdersEquity $3.86B USD Point-in-time
Stockholders equity, beginning of period StockholdersEquity $3.92B USD Point-in-time
Net income NetIncomeLossAvailableToCommonStockholdersBasic $135.65M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $149.52M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-10.07M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-59.20M USD 1 Quarter
Stockholders equity, end of period StockholdersEquity $3.11B USD Point-in-time
Stockholders equity, end of period StockholdersEquity $3.86B USD Point-in-time
Stockholders equity, end of period StockholdersEquity $3.92B USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...