Essent Group Adopts New Financial Reporting Standards

Essent Group ( (ESNT) ) just unveiled an announcement.

In November 2023, the Financial Accounting Standards Board issued an update requiring public entities to disclose significant expenses of their reportable segments. Essent Group adopted this standard on a retrospective basis, disclosing annual segment information in its 2024 Form 10-K. The company will continue to provide quarterly and year-to-date segment information in its future filings. This change aims to improve transparency in financial reporting, impacting how Essent Group presents its financial performance to stakeholders.

More about Essent Group

Essent Group Ltd. operates in the financial services industry, primarily focusing on mortgage insurance and related services. The company provides mortgage insurance, title insurance, and engages in holding company treasury operations.

YTD Price Performance: 7.24%

Average Trading Volume: 826,955

Technical Sentiment Signal: Strong Sell

Current Market Cap: $6.03B

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