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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Essent Group's retained earnings for the quarter that ended in Dec. 2023 was $4,082 Mil.
Essent Group's quarterly retained earnings increased from Jun. 2023 ($3,782 Mil) to Sep. 2023 ($3,933 Mil) and increased from Sep. 2023 ($3,933 Mil) to Dec. 2023 ($4,082 Mil).
Essent Group's annual retained earnings increased from Dec. 2021 ($2,755 Mil) to Dec. 2022 ($3,493 Mil) and increased from Dec. 2022 ($3,493 Mil) to Dec. 2023 ($4,082 Mil).
The historical data trend for Essent Group's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Essent Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 1,808.53 | 2,151.51 | 2,754.81 | 3,493.11 | 4,081.58 |
Essent Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Retained Earnings | Get a 7-Day Free Trial | 3,493.11 | 3,636.76 | 3,782.05 | 3,933.07 | 4,081.58 |
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Essent Group (NYSE:ESNT) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Mary Lourdes Gibbons | officer: Sr. VP, CLO & Assit. Secretary | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11 |
Vijay Bhasin | officer: Sr. VP & Chief Risk Officer | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11 |
David B Weinstock | officer: VP & Chief Accounting Officer | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
Douglas J Pauls | director | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11 |
Aditya Dutt | director | RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19 |
Anu Karna | director | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
Robert Glanville | director | C/O PINE BROOK ROAD PARTNERS LLC, 42ND STREET, 50TH FLOOR, NEW YORK NY 10165 |
Mark Casale | director, officer: CEO & President | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
Mcalee Lawrence E Jr | officer: Sr. VP & CFO | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
William Spiegel | director | C/O MONTOPELIER RE HOLDINGS LTD, MINTFLOER PLACE 8 PAR LA VILLE RD, HAMILTON BERMUDA D0 HM 08 |
Roy James Kasmar | director | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
Joseph Hissong | officer: Senior Vice President | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11 |
Jeff Cashmer | officer: SVP & Chief Business Officer | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11 |
Christopher G Curran | officer: SVP, Corporate Development | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
Jane Chwick | director | C/O MARKETAXESS HOLDINGS, INC., 299 PARK AVENUE, NEW YORK NY 10171 |
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