Essent Group (ESNT) Tops Q4 EPS by 12c, Revenues Beat
Essent Group (NYSE: ESNT) reported Q4 EPS of $1.31, $0.12 better than the analyst estimate of $1.19. Revenue for the quarter came in at $193.12 million versus the consensus estimate of $190.58 million.
“We are pleased with our strong fourth quarter and full year 2018 results as we continued growing our high credit quality and profitable mortgage insurance portfolio,” said Mark Casale, Chairman and Chief Executive Officer. “Also during 2018, we successfully piloted our risk based pricing engine, EssentEDGETM, and executed in the reinsurance markets. We believe that increased sophistication in the front-end and back-end of our business positions us well to shape our insured portfolio and profitably manage the long tail mortgage credit risk.”
For earnings history and earnings-related data on Essent Group (ESNT) click here.
