Risk Factors Update Summary
- Competition in title and settlement services industry intensifies, affecting business, financials, and operations significantly.
- Persistency rate increases to 86.9% in 2023, up from 82.1% in 2022, impacting future revenues.
- Potential regulatory changes like Basel III Endgame could impact demand for mortgage insurance.
- Unassigned surplus decreases from $314 million in 2022 to $298 million in 2023.
- Dividends paid decrease from $315 million in 2022 to $295 million in 2023.
- Unassigned surplus of Essent Guaranty of PA, Inc. increases from $13 million to $15 million.
- Number of outstanding common shares decreases from 108 million to 106 million in 2024.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1448893&owner=exclude
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