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Essent Group Ltd   (ESNT)
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ESNT's Operating Income Growth by Quarter and Year

Essent Group Ltd 's Operating Income results by quarter and year




ESNT Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 297.28 230.04 215.68 210.37
III Quarter September 241.29 219.62 241.26 205.94
II Quarter June 217.95 244.41 202.15 197.26
I Quarter March 208.05 -63.84 202.56 186.89
FY   964.57 630.23 861.65 800.46



ESNT Operating Income fourth quarter 2023 Y/Y Growth Comment
Essent Group Ltd reported Operating Income improvement of 29.23% year on year in the fourth quarter 2023, to $ 297.28 millions, this is lower than Essent Group Ltd 's recent average Operating Income improvement of 34.71%.

Looking into fourth quarter 2023 results within Property & Casualty Insurance industry 5 other companies have achieved higher Operating Income growth. While Essent Group Ltd ' s Operating Income rise of 29.23% ranks overall at the positon no. 468 in the fourth quarter 2023.

Explain Operating Income growth


ESNT Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 29.23 % 6.66 % 2.52 % -8.04 %
III Quarter September 9.87 % -8.97 % 17.15 % 11.44 %
II Quarter June -10.83 % 20.91 % 2.48 % 15.78 %
I Quarter March - - 8.38 % 17.17 %
FY   53.05 % -26.86 % 7.64 % 7.67 %

Financial Statements
Essent Group Ltd 's fourth quarter 2023 Operating Income $ 297.28 millions ESNT's Income Statement
Essent Group Ltd 's fourth quarter 2022 Operating Income $ 230.04 millions Quarterly ESNT's Income Statement
New: More ESNT's historic Operating Income Growth >>


ESNT Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 23.2 % 4.74 % -10.6 % 2.15 %
III Quarter September 10.71 % -10.14 % 19.35 % 4.4 %
II Quarter June 4.76 % - -0.2 % 5.55 %
I Quarter March -9.56 % - -3.71 % -18.3 %
FY (Year on Year)   53.05 % -26.86 % 7.64 % 7.67 %




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry #6
Financial Sector #87
Overall #468

Operating Income Y/Y Growth Statistics
High Average Low
719.76 % 34.71 % -222.1 %
(Sep 30 2020)   (Dec 31 2018)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry #6
Financial Sector #87
Overall #468
Operating Income Y/Y Growth Statistics
High Average Low
719.76 % 34.71 % -222.1 %
(Sep 30 2020)   (Dec 31 2018)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Essent Group Ltd 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
79.8 % 9.17 % -27.8 %
(Dec 31 2014)  


ESNT's IV. Quarter Q/Q Operating Income Comment
Essent Group Ltd achieved in the IV. Quarter 2023 above company average sequential Operating Income jump of 23.2%, to $ 297.28 millions, from $241.29 millions in the third quarter.
Essent Group Ltd is impressively improving, with claiming higher then normal growth, and also accelerating pace, Maya  Brown, Financial sector observer said.

Within Property & Casualty Insurance industry 19 other companies have achieved higher Operating Income quarter on quarter growth. While Essent Group Ltd 's Operating Income growth quarter on quarter, overall rank is 357.


Operating Income Q/Q Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry #20
Financial Sector #88
Overall #357
Operating Income Q/Q Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry #20
Financial Sector #88
Overall #357
Operating Income Q/Q Growth Statistics
High Average Low
79.8 % 9.17 % -27.8 %
(Dec 31 2014)  


ESNT's IV. Quarter Q/Q Operating Income Comment
Essent Group Ltd achieved in the IV. Quarter 2023 above company average sequential Operating Income jump of 23.2%, to $ 297.28 millions, from $241.29 millions in the third quarter.
Property & Casualty Insurance company is undergoing a remarkable growth, with reporting better then normal growth, but also increasing speed.

Within Property & Casualty Insurance industry 19 other companies have achieved higher Operating Income quarter on quarter growth. While Essent Group Ltd 's Operating Income growth quarter on quarter, overall rank is 357.


Essent Group Ltd 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 964.58 $ 897.34 $ 875.67 $ 902.12 $ 630.23
Y / Y Operating Income Growth (TTM) 53.05 % 45.7 % 37.35 % 51.55 % -26.86 %
Year on Year Operating Income Growth Overall Ranking # 721 # 1713 # 1464 # 888 # 0
Seqeuential Operating Income Change (TTM) 7.49 % 2.47 % -2.93 % 43.14 % 2.33 %
Seq. Operating Income Growth (TTM) Overall Ranking # 468 # 1246 # 1504 # 1046 # 0




Cumulative Operating Income growth Comment
Essent Group Ltd saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 53.05% year on year, to $ 965 millions if the fiscal year would have ended in Dec 31 2023.
Essent Group Ltd 's trailing twelve months Operating Income growth was higher than company's average 34.71% and higher than 45.7% growth in Sep 30 2023.
But sequential increase was less at 7.49 % from $897.34 millions achieved in twelve months ending a quarter before.
It appears to be slowdown in progress, more obvious if you pay attention to the average Q/Q TTM historic increase what is better at34.71%.
The momentum was much stronger sequentially showed at 7.49 % rise from $897.34 millions in the period from Sep 30 2023 to Dec 31 2022.

In the Financial sector 139 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 721, from total ranking in previous quarter at 1713.

Operating Income TTM Q/Q Growth Statistics
High Average Low
719.76 %
34.71 %
-222.1 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry # 6
Financial Sector # 140
Overall # 721

Operating Income TTM Y/Y Growth Statistics
High Average Low
719.76 %
34.71 %
-222.1 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 87
S&P 500 # 468
Cumulative Operating Income growth Comment
Essent Group Ltd saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 53.05% year on year, to $ 965 millions if the fiscal year would have ended in Dec 31 2023.
Essent Group Ltd 's trailing twelve months Operating Income growth was higher than company's average 34.71% and higher than 45.7% growth in Sep 30 2023.
But from the previous reporting period rise was less at 7.49 % from $897.34 millions achieved in the period from Sep 30 2023 to Dec 31 2022.
We witness drop-off developing, more obvious as we look at typical sequential historic rise that is better at34.71% Maya  Brown wrote.
The growth was much stronger from the previous reporting period exhibited at 7.49 % increase from $897.34 millions in twelve months ending a quarter Sep 30 2023.

In the Financial sector 139 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 721, from total ranking in previous quarter at 1713.

Operating Income TTM Q/Q Growth Statistics
High Average Low
719.76 %
34.71 %
-222.1 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry # 6
Financial Sector # 140
Overall # 721

Operating Income TTM Y/Y Growth Statistics
High Average Low
719.76 %
34.71 %
-222.1 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 6
Sector # 87
S&P 500 # 468




Other Operating Income Growth
Property & Casualty Insurance Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
ESNT's Operating Income Growth Ratio versus Property & Casualty Insurance Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for ESNT's Competitors
Operating Income Growth for Essent Group Ltd 's Suppliers
Operating Income Growth for ESNT's Customers

You may also want to know
ESNT's Annual Growth Rates ESNT's Profitability Ratios ESNT's Asset Turnover Ratio ESNT's Dividend Growth
ESNT's Roe ESNT's Valuation Ratios ESNT's Financial Strength Ratios ESNT's Dividend Payout Ratio
ESNT's Roa ESNT's Inventory Turnover Ratio ESNT's Growth Rates ESNT's Dividend Comparisons



Companies with similar Operating Income jump for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
One Liberty Properties inc 50.32%$ 50.325 millions
Federal Home Loan Bank Of Indianapolis50.05%$ 50.053 millions
Highwoods Properties Inc 49.24%$ 49.242 millions
Quaint Oak Bancorp Inc 48.96%$ 48.957 millions
First Northern Community Bancorp47.44%$ 47.441 millions
The Goldman Sachs Group Inc 47.32%$ 47.320 millions
Federal Home Loan Bank Of Cincinnati46.44%$ 46.437 millions
Columbia Banking System Inc 45.86%$ 45.859 millions
Markel Group Inc 43.94%$ 43.944 millions
Horace Mann Educators Corporation42.82%$ 42.820 millions
Kemper Corporation42.27%$ 42.271 millions
Natwest Group Plc41.84%$ 41.842 millions
Goldman Sachs Physical Gold Etf41.34%$ 41.336 millions
Essential Properties Realty Trust Inc 40.87%$ 40.871 millions
Hbt Financial Inc 40.73%$ 40.727 millions
First Business Financial Services Inc 40.00%$ 39.997 millions
Equifax inc 39.07%$ 39.069 millions
Selective Insurance Group Inc 37.70%$ 37.700 millions
Finance Of America Companies Inc 37.29%$ 37.288 millions
Wells Fargo and Company36.35%$ 36.345 millions
Northeast Community Bancorp inc 35.62%$ 35.615 millions
Palomar Holdings Inc 35.10%$ 35.101 millions
Merchants Bancorp35.00%$ 34.998 millions
Atlanticus Holdings Corp34.03%$ 34.026 millions
Realty Income Corporation33.80%$ 33.796 millions
Clipper Realty Inc 33.02%$ 33.023 millions
American Homes 4 Rent32.10%$ 32.095 millions
Federal Home Loan Bank Of Pittsburgh31.06%$ 31.058 millions
Essent Group Ltd 29.23%$ 29.230 millions
Tanger Inc29.02%$ 29.019 millions




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