ESSENT GROUP LTD. ESNT Income Statement

Essent group ltd. (ESNT)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Jun'13	Mar'13
Revenues:
Premiums Written, Net
191,743	196,493	198,304	188,404	177,644	176,437	175,221	168,404	165,225	161,771	155,055	134,063	119,297	116,412	115,887	108,513	100,466	98,434	97,478	92,399	82,257	83,219	77,862	63,505	52,192	44,923	33,373
Decrease in unearned premiums
14,753	11,178	5,169	86	147	-3,136	-8,546	-11,446	-12,667	-13,795	-17,115	-7,500	-1,646	380	-5,086	-7,802	-6,063	-9,056	-13,784	-14,038	-7,219	-15,405	-17,539	-13,163	-7,442	-17,442	-12,109
Net premiums earned
206,496	207,671	203,473	188,490	177,791	173,301	166,675	156,958	152,558	147,976	137,940	126,563	117,651	116,792	110,801	100,711	94,403	89,378	83,694	78,361	75,038	67,814	60,323	50,342	44,750	27,481	21,264
Net investment income
20,633	21,977	21,104	20,581	19,880	18,597	16,646	15,134	13,714	11,765	10,626	9,400	8,435	8,225	6,781	6,701	6,183	5,563	5,322	4,720	4,280	3,902	3,405	3,080	1,898	1,014	730
Realized Investment Gains (Losses)
3,135	833	1,153	583	660	158	524	439	197	252	564	544	655	445	435	583	471	789	548	568	649	306	151	68	400	83	10
Other income (loss)
-1,424	-1,719	657	2,238	2,195	1,068	1,153	1,237	994	1,117	1,073	1,099	851	911	3,237	170	1,409	1,746	2,172	418	44	720	742	793	773	986	1,027
Total revenues
228,840	228,762	226,387	211,892	200,526	193,124	184,998	173,768	167,463	161,110	150,203	137,606	127,592	126,373	121,254	108,165	102,466	97,476	91,736	84,067	80,011	72,742	64,621	54,283	47,821	29,564	23,031
Losses and expenses:
Provision for losses and LAE
8,063	10,929	9,990	4,960	7,107	-999	5,452	1,813	5,309	17,456	4,313	1,770	3,693	3,865	4,965	2,964	3,731	4,199	3,393	2,314	1,999	3,049	1,391	966	902	580	730
Other underwriting and operating expenses
41,947	41,231	41,588	41,520	41,030	39,449	36,899	36,428	38,124	36,480	37,035	35,686	36,332	34,836	32,792	31,409	31,388	29,627	28,714	27,148	27,498	25,656	24,469	23,648	23,459	15,557	14,962
Interest expense
2,132	2,218	2,584	2,679	2,670	2,611	2,500	2,618	2,450	1,817	1,456	1,189	716	370	56	0	0	-	-	-	-	-	-	-	-	-	-
Total losses and expenses
52,142	54,378	54,162	49,159	50,807	41,061	44,851	40,859	45,883	55,753	42,804	38,645	40,741	39,071	37,813	34,373	35,119	33,826	32,107	29,462	29,497	28,705	25,860	24,614	24,361	16,137	15,692
Income before income taxes
176,698	174,384	172,225	162,733	149,719	152,063	140,147	132,909	121,580	105,357	107,399	98,961	86,851	87,302	83,441	73,792	67,347	63,650	59,629	54,605	50,514	44,037	38,761	29,669	23,460	13,427	7,339
Income Tax Expense (Benefit)
27,175	27,426	27,595	26,328	21,999	23,535	24,136	21,154	10,511	-57,281	29,006	26,843	20,253	24,616	23,730	21,534	19,396	19,171	18,808	17,412	15,676	15,171	13,691	10,114	8,454	-10,150	139
Net Income (Loss) Attributable to Parent
149,523	146,958	144,630	136,405	127,720	128,528	116,011	111,755	111,069	162,638	78,393	72,118	66,598	62,686	59,711	52,258	47,951	44,479	40,821	37,193	34,838	-	25,070	-	-	-	-
Earnings per share:
Earnings Per Share, Basic
1.53	1.50	1.48	1.39	1.31	1.32	1.19	1.15	1.14	1.72	0.83	0.79	0.73	0.69	0.66	0.57	0.53	0.49	0.45	0.41	0.39	0.34	0.30	0.23	0.18	-	-
Earnings Per Share, Diluted
1.52	1.50	1.47	1.39	1.30	1.32	1.18	1.14	1.13	1.68	0.82	0.77	0.72	0.67	0.65	0.57	0.52	0.49	0.44	0.41	0.38	0.33	0.29	0.23	0.18	-	-
Weighted average shares outstanding:
Weighted Average Number of Shares Outstanding, Basic
97,949	97,833	97,822	97,798	97,595	97,450	97,438	97,426	97,298	96,496	94,185	91,381	91,258	90,994	90,961	90,912	90,785	90,457	90,418	90,344	90,185	86,164	83,640	83,276	82,864	-	-
Weighted Average Number of Shares Outstanding, Diluted
98,326	98,377	98,257	98,170	98,104	98,066	98,013	97,866	97,951	98,565	96,094	93,162	93,023	92,584	92,399	92,138	91,859	91,923	91,841	91,674	91,514	87,978	85,028	84,706	84,696	-	-
Net Income (Loss) Available to Common Stockholders, Basic
149,523	146,958	144,630	136,405	127,720	128,528	116,011	111,755	111,069	162,638	78,393	72,118	66,598	62,686	59,711	52,258	47,951	44,479	40,821	37,193	34,838	28,866	25,070	19,555	15,006	23,577	7,200
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Other comprehensive income (loss):
Change in unrealized (depreciation) appreciation of investments, net of tax (benefit) expense of ($6,979) in 2020 and $7,951 in 2019
-10,074	-6,540	17,367	35,987	38,366	18,456	-8,201	-7,246	-28,750	-7,230	1,978	8,470	4,850	-34,209	-2,008	10,702	13,359	-5,146	4,260	-8,769	4,889	2,125	-1,405	4,915	479	-3,795	-258
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent
-10,074	-6,540	17,367	35,987	38,366	18,456	-8,201	-7,246	-28,750	-7,230	1,978	8,470	4,850	-34,209	-2,008	10,702	13,359	-5,146	4,260	-8,769	4,889	2,125	-1,405	4,915	479	-3,795	-258
Comprehensive income
139,449	140,418	161,997	172,392	166,086	146,984	107,810	104,509	82,319	155,408	80,371	80,588	71,448	28,477	57,703	62,960	61,310	39,333	45,081	28,424	39,727	30,991	23,665	24,470	15,485	19,782	6,942