Essent Group (ESNT) FY2024 results: revenue $1.2 billion, up 12.0% on the year
Essent Group Ltd. (ESNT) reported revenue of $1.2 billion for fiscal 2024, the year ended 31 December 2024, up 12.0% on the year before. Net income was $729 million, up 4.7%, and diluted earnings per share $6.85. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2025.
Revenue
$1.2 billion
+12.0% on the year
FY2017FY2024
Operating margin
68.8%
74.2% a year earlier
FY2017FY2024
Net income
$729 million
+4.7% on the year
FY2017FY2024
Diluted EPS
$6.85
+5.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
862
763
589
+12.9%
Capital expenditure
6.8
4.0
4.0
+69.1%
Free cash flow
855
759
585
+12.6%
Free cash flow margin
68.8%
68.4%
58.4%
Cash from investing
-707
-526
-399
Cash from financing
-165
-177
-190
Depreciation and amortisation
5.8
4.5
3.0
+27.8%
Share-based compensation
24.8
18.4
18.4
+34.3%
Buybacks
112
70.7
97.9
+57.8%
Dividends paid
118
106
92.1
+11.1%
Dividend per share
$1.12
$1.00
$0.86
+12.0%
Diluted shares, weighted
107m
107m
108m
-0.5%
Shares outstanding at period end
105m
107m
108m
-1.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,604
5,103
4,462
+9.8%
Debt
n/a
425
425
Other liabilities
1,508
899
836
+67.7%
Total liabilities and equity
7,112
6,427
5,724
+10.7%
Fixed assets
n/a
41.3
19.6
Goodwill
48.8
50.0
0.0
-2.5%
Securities held for sale or to maturity
5,877
5,264
4,742
+11.6%
Cash and equivalents
131
142
81.2
-7.3%
Other assets
1,055
930
881
+13.4%
Total assets
7,112
6,427
5,724
+10.7%
10-K for the year ended 31 December 2024, filed 19 February 2025: the filing.